On the upside
QEP Resources (NYSE: QEP) will pay approximately $1.38 billion to purchase crude oil assets in the Williston Basin in North Dakota.
A Seeking Alpha contributor recommended Savient Pharmaceuticals (NYSE: SVNT).
On the downside
Best Buy (NYSE: BBY) will pay its new chief executive Hubert Joly a base salary of $1.175 million. ReneSola (NYSE: SOL) fell to a larger than expected loss for the second quarter as revenue dropped.
Callaway Golf (NYSE: ELY) announced exchange agreements for its convertible preferred stock.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 804.