On the upside
Bayer announced yesterday that it would pay a premium of approximately $1.2 billion to acquire Schiff Nutrition International (NYSE: SHF).
UBS (NYSE: UBS) reported significant third quarter losses and announced restructuring plans yesterday that included the elimination of 10,000 jobs. On the downside
Riverbed Technology (Nasdaq: RVBD) announced on Monday that it would pay approximately $1 billion to acquire Opnet Technologies (Nasdaq: OPNT).
Western Union (NYSE: WU) reported higher third quarter earnings but the company trimmed its full year outlook.
Talisman (NYSE: TLM) fell to a significant loss for the third quarter and slashed 2013 capital spending by more than $1 billion.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 815.