On the upside
Although Onyx Pharmaceuticals (Nasdaq: ONXX) widened fourth quarter losses due to higher research and development expenses, the results were better than analyst expectations and the company reported its first ever profit for the year.
Shares of Rambus (Nasdaq: RMBS) continued climbing after the Supreme Court refused yesterday to review the Federal Trade Commission's antitrust case against the chipmaker.
Developers Diversified Realty (NYSE: DDR) will sell 30 million shares valued at approximately $112.5 million to owners of German shopping center developer ECE Projektmanagement.
On the downside
Although Foster Wheeler (Nasdaq: FWLT) reported higher fourth quarter income, the construction and engineering company said that new orders slowed.
Fourth quarter earnings dropped for RadioShack (NYSE: RSH) as the weak economy curbed consumer spending.
Domino's Pizza (NYSE: DPZ) reported lower fourth quarter earnings as demand weakened amidst a sluggish economy.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 8 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 398.
