On the upside
Linktone (Nasdaq: LTON) entered an agreement to provide video highlights of Major League Baseball games to China National Radio Mobile Media.
BioSante Pharmaceuticals (Nasdaq: BPAX) completed its acquisition of Cell Genesys.
CIT Group (NYSE: CIT) is close to finalizing the details of a loan to repay debt.
On the downside
Sterling Financial (Nasdaq: STSA) agreed to a cease and desist order issued by the Federal Deposit Insurance Corp.
Converted Organics (Nasdaq: COIN) priced its offering of 15 million units at $1.06 per unit.
Third quarter earnings for Fairchild Semiconductor International (NYSE: FCS) plummeted.
In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 3 points to 620.
