On the upside
Borders Group (NYSE: BGP) majority shareholders William Ackerman said that it was very unlikely for the bookstore operator to file for bankruptcy.
MBIA (NYSE: MBI) restructured its Cutwater Asset Management subsidiary.
Electronic Products selected Vishay Technology's (NYSE: VSH) Bulk Metal Foil resistor as Product of the Year.
On the downside
Novavax (Nasdaq: NVAX) and Spanish pharmaceutical ROVI ended discussions after failing to agree on the terms of their partnership.
Shares of National Bank of Greece (NYSE: NBG) continued falling over default concerns.
Williams Coal Seam Gas Royalty Trust (NYSE: WTU) announced Friday after market close that the Trust will terminate March 1, 2010.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 593.
