On the upside
Adobe Systems (Nasdaq: ADBE) reported higher fourth quarter earnings that beat analyst expectations.
PPG Industries (NYSE: PPG) will pay approximately $1.05 billion to acquire the North American paint unit of AkzoNobel.
On the downside
Best Buy (NYSE: BBY) extended the deadline for founder Richard Schulze to make an offer for the company to February 28, 2013.
VeriFone (NYSE: PAY) disappointed with sharply lower fourth quarter earnings and forecast current quarter results below expectations.
Cytori Therapeutics (Nasdaq: CYTX) priced its public offering of 7.02 million common shares at the discounted price of $2.85 per share.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 3 points to 1415.