Markets Fall Ahead Of Fed Meeting Minutes Release

The markets extended its losses during the midday with the Dow falling 68 points to 14,934 ahead of the release of the Federal Reserve's meeting minutes. Nasdaq lost 9 points to 3604.

On the upside

Cowen & Co. upgraded Trina Solar (NYSE: TSL) from Market Perform to Outperform.

The European Patent Office will grant Galena Biopharma (Nasdaq: GALE) a Pharmaceutical Use Patent for its breast cancer relapse prevention vaccine NeuVax.

Diamond Foods (Nasdaq: DMND) offered to settle a class action lawsuit by paying $11 million in cash and issuing 4.45 million common shares.

On the downside

Office Depot (NYSE: ODP) settled a dispute with its largest shareholder by allowing Starboard Value to name three directors to the board.

Goodrich Petroleum (NYSE: GDP) entered private exchange agreements for $109.25 million worth of convertible senior notes.

Bloomberg reported that BlackBerry (Nasdaq: BBRY) would be sold in pieces.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points to 1645.

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