The markets trimmed its losses but continued to trade in negative territory with the Dow falling 56 points to 10,309 as producer prices dropped more than expected. Nasdaq lost 12 points to 2237.
On the upside
Publicis Touchpoint Solutions signed a contract to promote Somaxon Pharmaceuticals' (Nasdaq: SOMX) insomnia treatment Silenor.
Skilled Healthcare Group (NYSE: SKH) and the plaintiffs in a lawsuit claiming inadequate staffing and safety code violations agreed to stay all litigation proceedings and pursue mediation.
K-V Pharmaceuticals (NYSE: KV-A) announced the appointment of Thomas S. McHugh to the position of chief financial officer.
On the downside
Key Energy Services (NYSE: KEG) reported lower sequential rig hours per working day.
Although second quarter earnings for TCF Financial (NYSE: TCB) rose to top estimates, non-performing assets increased.
Regions Financial (NYSE: RF) named Lynetta Tipton Steed to lead its small buisness loans division.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 8 points to 631.
