On the upside
Developers Diversified Realty (NYSE: DDR) declared a dividend of $0.460938 per depositary share of Preferred Class H stock and a dividend of $0.46875 per depositary share of Preferred Class I stock.
ON Semiconductor (Nasdaq: ONNN) added thirty silicon-proven IP blocks to its intellectual property portfolio.
Ford (NYSE: F) will scale back production at its factories in Valencia, Spain and Saarlouis, German due to a large drop in new car demand.
On the downside
Sauer Danfoss (NYSE: SHS) swung to a fourth quarter loss due to charges and sharply lower orders. The company suspended its dividend, will freeze salaries and plans to exit unprofitable busineses.
LaBranche & Co. (NYSE: LAB) warned of first quarter losses due to the significant erosion of market conditions.
Moody's Investors Service placed Atlas Pipeline Partners' (NYSE: APL) debt ratings on review for a possible downgrade.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks rocketed 17 points to 404.
