On the upside
Advanced Micro Devices (NYSE: AMD) announced plans to repurchase up to $1 billion worth of senior convertible notes.
Regions Financial (NYSE: RF) will resume matching contributions to employee 401(k) plans and restart pension plan contributions.
Jiangxi International Trust and Investment Co. will pay approximately $219 million for a 15% stake in LDK Solar's (NYSE: LDK) Chinese polysilicon plant.
On the downside
Oncolytics Biotech (Nasdaq: ONCY) will offer approximately 4.25 million common shares and warrants in order to raise nearly $12.8 million.
Goldman Sachs downgraded Vimpel Communications (NYSE: VIP) saying that the stock price has more than tripled in 2009.
Merriman Curhan Ford downgraded Exelixis (NYSE: EXEL).
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 slipped 3 points to 598.
