On the upside
Shares of Education Management (Nasdaq: EDMC) surged on its first day of trading.
Sprint (NYSE: S) settled a patent infringement lawsuit that it filed against Big River Telephone.
QLT (Nasdaq: QLTI) sold its U. S. business to Tolmar Holdings.
On the downside
Catalyst Pharmaceutical Partners (Nasdaq: CPRX) will offer approximately 4 million shares at $1 per share.
Newcastle Investment (NYSE: NCT) cancelled its dividend payment for the third quarter.
China Security & Surveillance Technology (NYSE: CSR) will sell 9.36 million common shares through a direct offering.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 582.
