On the upside
The Food and Drug Administration approved mixing BioForm Medical's (Nasdaq: BFRM) RADIESSE dermal filler with lidocaine.
The Estrado de S. Paulo newspaper reported that Brazilian iron ore miner Vale (NYSE: VALE) may be interested in acquiring Mosaic (NYSE: MOS).
The Food and Drug Administration approved Angiotech Pharmaceuticals' (Nasdaq: ANPI) TAXUS Liberte Long Stent.
On the downside
Sterlite Industries (NYSE: SLT) raised $1.5 billion through the sale of the largest American Depositary Shares sale by an Indian company in two years.
Second quarter earnings for Marriott International (NYSE: MAR) plunged due to the slumping global economy.
Resources Connection (Nasdaq: RECN) swung to a fourth quarter loss due to lower revenue and restructuring charges.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by a nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 514.
