On the upside
British publisher Pearson will invest $89.5 million in cash to acquire a 5% stake in Barnes & Noble's (NYSE: BKS) Nook Media business.
Magnum Hunter (NYSE: MHR) reported impressive production results from two new Eagle Ford Shale wells.
On the downside
Advanced Micro Devices (NYSE: AMD) vice president Michael Goddard departed the firm after 25 years to join Samsung Electronics. Seeking Alpha does not expect Alcatel-Lucent (NYSE: ALU) to recover until mid-2013 to late 2013.
Nokia (NYSE: NOK) will receive a lump sum payment of approximately $65 million from Research in Motion (Nasdaq: RIMM) to settle a patent dispute but the stock price fell.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index fell 8 points to 1409.