On the upside
Oracle (Nasdaq: ORCL) will pay a premium of approximately $871 million to acquire Eloqua (Nasdaq: ELOQ).
CarMax (NYSE: KMX) reported higher third quarter earnings and revenue that surpassed analyst expectations.
On the downside
Pershing Square Capital's Bill Ackman said that Herbalife (NYSE: HLF) was a pyramid scheme with the stock selling off for a second consecutive day.
Fourth quarter earnings plunged for Carnival (NYSE: CCL) and the cruise line operator forecast full year results that fell short of expectations.
Shares of Discover Financial Services (NYSE: DFS) fell after higher 4th quarter earnings missed targets while the credit card company set aside money to cover potential loan losses.
In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by a narrow margin on Nasdaq. The broader S&P 500 index edged up a point to 1437.