On the upside
PMI Group's (NYSE: PMI) Amended and Restated Credit Agreement came into effect after the company satisfied all necessary conditions.
Lululemon athletica (Nasdaq: LULU) announced its first quarter conference call to be held on Thursday, June 11, 2009 at 9:00am EST.
Celldex Therapeutics (Nasdaq: CLDX) announced upbeat results from two Phase 1 clinical studies of its cancer treatment CDX-1307.
On the downside
The Food and Drug Administration requested more information and additional studies from ARCA Biopharma (Nasdaq: ABIO) for its heart failure medication Gencaro.
Colonial BancGroup (NYSE: CNB) founder and chief executive Robert E. Lowder will retire after completing the capital infusion deal with Taylor Bean & Whitaker Mortgage Corp.
While DryShips (Nasdaq: DRYS) said that it currently has no plans to offer more stock, the shipping company still needs covenant waivers for approximately $200 million in debt.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 19 points to 520.
