Lower Close As Protests In Europe Continue
The markets closed lower with the Dow losing 44 points to 13,413 as investors monitored protests against austerity measures in Spain and Greece. Nasdaq tumbled 24 points to 3093.
On the upside
Dean Foods (NYSE: DF) will explore the possibility of selling its Morningstar unit.
7 Days Group (NYSE: SVN) received an offer to take the company private in a deal valued at approximately $634.7 million.
GuruFocus listed Molycorp (NYSE: MCP) as a bargain of the week.
On the downside
Savient Pharmaceuticals (Nasdaq: SVNT) granted restricted shares and performance based options to newly appointed chief financial officer John P. Hamill.
A federal judged ruled that Assured Guaranty produced enough evidence to move forward with its case against Flagstar Bank (NYSE: FBC) for breaching contracts.
Mitek Systems (Nasdaq: MITK) filed a patent infringement suit against Top Image Systems.
In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 833.
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