Cyprus Rejects Bank Deposit Tax, Markets Close Flat

The markets closed flat with the Dow adding 3 points to 14,455 after Cyprus lawmakers rejected a bank deposit tax that would have funded a bailout of the island nation. Nasdaq slipped 8 points to 3229.

On the upside

Chiquita Brands International (NYSE: CQB) chief executive Edward F. Lonergan purchased 50,800 shares of company stock.

Skullcandy (Nasdaq: SKUL) named Nike digital sport general manager Hoby Darling as its new president and chief executive.

Shares of Primo Water (Nasdaq: PRMW) rose ahead of its earnings release after market close.

On the downside

The U.S. Attorney's Office launched an investigation into Star Scientific (Nasdaq: STSI) securities transactions.

Walter Investment Management (NYSE: WAC) widened fourth quarter losses more than expected.

Goldman Sachs analyst Sal Tharani affirmed his Sell rating on Cliffs Natural Resources (NYSE: CLF) and cut his price target from $24 to $20.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index lost 3 points to 1548.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here