On the upside
SED International will distribute OCZ Technology's (Nasdaq: OCZ) solid-state drives in Latin America and the Caribbean.
Citigroup (NYSE: C) will cut expenses by eliminating 11,000 jobs.
On the downside
Chelsea Therapeutics (Nasdaq: CHTP) reported disappointing results from a late stage clinical trial of Northera to treat dizziness and lightheadedness in Parkinson's disease patients.
Recovery Energy (Nasdaq: RECV) officially signed a separation agreement with former chairman and chief executive Roger A. Parker, who retired on November 15, 2012.
The New York Department of Financial Services ordered Ocwen Financial (NYSE: OCN) to hire a monitor to ensure that the company followed new state mortgage servicing requirements.
In the broad market, advancing issues edged out decliners by a margin of nearly 5 to 4 on the NYSE while decliners outpaced advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 822.