The markets opened mixed with the Dow losing 22 points to 12,251 while Nasdaq rose 8 points to 2817 as President Barack Obama unveiled his budget proposal.
On the upside
Hercules Offshore (Nasdaq: HERO) will pay approximately $105 million to acquire 20 jack-up rigs from Seahawk Drilling (Nasdaq: HAWK).
BioSante Pharmaceuticals (Nasdaq: BPAX) reported positive safety data from its ongoing LibiGel Phase III cardiovascular and breast cancer study.
