Flat Close Despite Corporate Consolidation

The markets closed flat with the Dow adding 5 points to 16,025 despite corporate consolidations. Nasdaq gained 6 points to 4068.

On the upside

YRC Worldwide's (NYSE: ANR) Teamsters union will vote to extend an agreement that would help the company refinance nearly $1 billion in debt.

InterOil (NYSE: IOC) posted an investor presentation on the company website.

Hudson Technologies (Nasdaq: HIHO) corrected an earlier press release to say that a final EPA rule on virgin R-22 allowances would be issued next year rather than this year.


On the downside


Newfield Exploration (NYSE: NFX) trimmed its domestic liquids growth forecast for 2014.

Shares of Lions Gate Entertainment (NYSE: LGF) fell after its blockbuster hit The Hunger Games: Catching Fire finally slipped to the number 2 spot after two weeks on top.

Trina Solar (Nasdaq: TSL) said that it was in full compliance with the European Union's price undertaking and would therefore be exempt from anti-dumping and anti-subsidy duties.

In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 rose 3 points to 1808. Bitcoin soared $124.30 or 15.89% to $906.80.

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