On the upside
Best Buy (NYSE: BBY) agreed to allow founder Richard Schulze access to nonpublic information in order to conduct due diligence.
The Food and Drug Administration approved Zalicus' (Nasdaq: ZLCS) chronic pain treatment Exalgo Extended Release Tablets in a 32 mg. dose.
On the downside
Thoma Bravo will take Deltek (Nasdaq: PROJ) private in a deal valued at approximately $1.1 million including the assumption of debt. Shares of Perfect World (Nasdaq: PWRD) fell ahead of its earnings release after market close.
TheStreet Ratings affirmed its hold rating on Vale (NYSE: VALE).
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 812.