On the upside
Clear Channel Outdoor Holdings (NYSE: CCO) is exploring alternatives as the maturity date on an intercompany note looms.
Satyam Computer (NYSE: SAY) appointed new executives to lead its Australia and New Zealand region.
Solutia (Nasdaq: SOA) completed the sale of its integrated nylon business to private investment firm SK Capital Partners.
On the downside
Synta Pharmaceucticals (Nasdaq: SNTA) said that its cancer treatment elesclomol failed a late stage clinical trial.
Fitch Ratings lowered the senior debt ratings of CIT Group (NYSE: CIT) and placed all of the firm's ratings on negative watch.
MasTec (NYSE: MTZ) priced its convertible note offering.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 526.
