On the upside
Korn Ferry International (NYSE: KFY) chief executive Gary Burnison said that hiring in the financial services and health care sectors is climbing.
Cytec (NYSE: CYT) forecast upbeat results for 2009 as demand rises.
UnitedHealth (NYSE: UNH) entered negotiations to acquire Health Net's (NYSE: HNT) operations in the Northeast.
On the downside
Electro-Optical Sciences (Nasdaq: MELA) will offer 2.4 million common shares at a discount in order to raise $15 million.
Regency Centers (NYSE: REG) lowered its funds from operations for the second quarter due to impairment charges.
Popular (Nasdaq: POP) swung to a second quarter loss as loan loss provisions surged and the housing market in Puerto Rico continued to slump.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased 2 points to 519.
