On the upside
IStar Financial (NYSE: SFI) announced that it closed a new $1 billion secured term loan and restructured existing unsecured revolving credit facilities.
Intel (Nasdaq: INTC) charged Advanced Micro Devices (NYSE: AMD) with breach of contract and threatended to end licensing agreements with the chipmaker but investors viewed the accusation as unfounded.
Star Bulk Carriers (NYSE: SBLK) reported sharply higher fourth quarter revenue and earnings that topped analyst estimates.
Although SkillSoft (NYSE: SKIL) reported sharply lower fourth quarter earnings due to the economic downturn, revenue rose.
On the downside
Energy Conversion Devices (Nasdaq: ENER) cut its third quarter revenue guidance and will reduce its expansion plans prompting downgrades.
Nucor (NYSE: NUE) warned of losses for the first quarter as demand fell more than anticipated.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks soared 8 points to 394.
