On the upside
Chip maker Intel (Nasdaq: INTC) offered $884 million to buy testing and development software maker Wind River Systems (Nasdaq: WIND).
The FDA approved a bacteria cleanser applied to wounds developed by Oculus Innovative Sciences (Nasdaq: OCLS).
Sycamore Networks (Nasdaq: SCMR) posted higher quarterly revenues and a small loss that beat expectations. The company makes bandwidth management solutions for the telecommunications industry.
On the downside
Hartford Financial Services Group (NYSE: HIG) announced plans to find a successor for its chairman and CEO by the end of the year.Shares of Odyssey Marine Exploration (Nasdaq: OMEX) tumbled after a court ruled that a shipwreck recovered by the company be returned to Spain. The company plans to file an objection.
Shares of Abercrombie & Fitch (NYSE: ANF) fell after the trendy youth apparel retailer posted same-store sales decline of more than 25% in May.
In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE, but were narrowly edged out on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 520.
