On the upside
CVS Caremark (NYSE: CVS) reported higher fourth quarter earnings that topped analyst estimates.
A weekend Barron's article said that if Motorola (NYSE: MOT) spun off its cellphone business, the company's stock could soar 40%.
Fourth quarter earnings for Hasbro (NYSE: HAS) climbed to beat expectations on higher sales.
On the downside
The Food and Drug Administration will select an advisory panel to review Cell Therapeutics' (Nasdaq: CTIC) lymphoma treatment pixantrone due to safety concerns.
Seanergy Maritime (Nasdaq: SHIP) terminated its agreement to acquire a 2009 Capesize vessel.
A newspaper article reported that LLoyds Banking (NYSE: LYG) is in discussions to sell its Integrated Finance unit.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 7 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 592.
