On the upside
Trinity Industries (NYSE: TRN) will pay approximately $61 million in cash to purchase Quixote (Nasdaq: QUIX), more than twice the market value of the highway safety products maker.
Share of homeland security sensor technology company ICx Technologies (Nasdaq: ICXT) continued to surge in the wake of the attempted Christmas Day bombing.
Biodel (Nasdaq: BIOD) submitted a new drug application for its diabetes treatment VIAject to the Food and Drug Administration.
On the downside
China Valves Technology (Nasdaq: CVVT) will raise approximately $21.7 million through a registered direct offering of more than 2.4 million common shares.
Center Financial (Nasdaq: CLFC) warned of losses for the fourth quarter and announced plans to raise approximately $73.5 million through a private placement.
Regions Financial (NYSE: RF) surpassed its 2009 goal of opening 1 million new checking accounts for consumers and small businesses.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 633.
