The markets opened lower with the Dow losing 28 points to 17,020 as sanctions against Russia expanded. Nasdaq slipped 11 points to 4,580.
On the upside
Alliance Data Systems (Nasdaq: ADS) will pay a premium of approximately $2.3 billion to acquire Conversant (Nasdaq: CNVR) .
Ulta Beauty (Nasdaq: ULTA) reported sharply higher second quarter earnings that surpassed analyst expectations prompting the company to lift it full year outlook.
China Green Agriculture (NYSE: CGA) reported higher revenue for the fourth quarter.
On the downside
The Food and Drug Administration denied Amarin's (Nasdaq: AMRN) appeal of the agency's recession of the ANCHOR clinical trial Special Protocol Assessment agreement.
RadioShack (NYSE: RSH) widened losses more than expected for the second quarter and warned that it may file for bankruptcy.
Xcerra (Nasdaq: XCRA) priced its public offering of more than 4.68 million common shares at the discounted price of $10.25 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 4 points to 1992. Bitcoin slipped $4 to $467.
Sanctions against Russia expanded, markets open lower
September 12, 2014 at 10:42 AM EDT