On the upside
Peet's Coffee & Tea (Nasdaq: PEET) will pay approximately $213 million to acquire Diedrich Coffee (Nasdaq: DDRX).
Texas Roadhouse (Nasdaq: TXRH) reported higher third quarter earnings that topped estimates as revenue rose prompting upgrades.
Stanley Works (NYSE: SWK) will acquire Black & Decker (NYSE: BDK) in an all stock deal valued at approximately $4.5 billion.
On the downside
Chelsea Therapeutics (Nasdaq: CHTP) reported a loss for the third quarter.
Standard & Poor's Ratings lowered YRC Worldwide's (Nasdaq: YRCW) credit rating further into junk status after the compnay announced a debt exchange offering.
Cedar Fair Entertainment (NYSE: FUN) reported higher third quarter income but the results fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 564.
