Disappointing retail sales figures weighed the markets down to a lower close with the Dow losing 16 points to 10,303. Nasdaq fell 16 points to 2173.
On the upside
Emergent BioSolutions (NYSE: EBS) will pay approximately $96.8 million in cash and stock to acquire Trubion Pharmaceuticals (Nasdaq: TRBN).
Flotek Industries (NYSE: FTK) narrowed second quarter losses as revenue climbed.
Chilean airline LAN (NYSE: LFL) announced a merger deal with Brazilian airline TAM (NYSE: TAM).
On the downside
Park Sterling Bank (Nasdaq: PSTB) tumbled on it first day of trading.
Shares of video game developer THQ (Nasdaq: THQI) fell after NPD Group reported a 1% drop in July video game sales from last year.
Telestone Technologies (NYSE: TSTC) disappointed with lower second quarter earnings.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 7 points to 609.
