On the upside
Marvel Entertainment (NYSE: MVL) received a $4 billion cash and stock bid from the Walt Disney Company (NYSE: DIS). The deal is likely to face an antitrust review.
BJ Services (NYSE: BJS) was the target of a $5.5 billion cash and stock offer from oil services company Baker Hughes (NYSE: BHI).
Delcath Systems (Nasdaq: DCTH) received FDA orphan drug status for its treatment of liver cancer.
An analyst upgraded real estate investment trust KKR Financial (NYSE: KKR).
On the downside
A number of publication questioned the long-term value of American International Group (NYSE: AIG) whose share price more than doubled this month.
Shares of China Mass Media (NYSE: CMM) fell after the company posted higher revenues and an operating loss due to higher market expenses.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 8 points to 571.
