On the upside
Sunrise Senior Living (NYSE: SRZ) will sell 21 of its senior living communities to Brookdale Senior Living for approximately $204 million.
Monterey Gourmet Foods (Nasdaq: PSTA) will be acquired by Pulmuone USA for approximately $45.8 million.
The Phoenix Companies (NYSE: PNX) will release third quarter earning on Tuesday, November 3.
On the downside
The Food and Drug Administration advisory panel questioned the safety of Acorda's (Nasdaq: ACOR) multiple sclerosis treatment Fampridine-SR.
Lexicon Pharmaceuticals (Nasdaq: LXRX) will offer over 30 millin shares of common stock in order to raise approximately $50 million.
Sterne Agee downgraded Discover Financial Services (NYSE: DFS).
In the broad market, declining issues barely edged out advancers on the NYSE while advancers outpaced decliners by a margin of 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 611.
