First time applications for unemployment benefits fell last week but the markets opened lower with the Dow slipping 18 points to 12,913. Nasdaq lost 4 points to 2932.
On the upside
Sun Pharmaceutical Industries will pay a premium of $8 per share in cash to acquire Dusa Pharmaceuticals (Nasdaq: DUSA) .
SandRidge Energy (NYSE: SD) shareholder TPG-Axon Capital Management asked the board of directors to fire chief executive Tom Ward and sell the company.
benzinga.com reported that Whiting Petroleum (NYSE: WLL) received an acquisition offer from Statoil. On the downside
Catalyst Pharmaceutical Partners (Nasdaq: CPRX) reported disappointing results from a Phase II(b) clinical trial of its cocaine addiction treatment CPP-109.
BioCryst (Nasdaq: BCRX) terminated a Phase 3 trial of its serious influenza treatment peramivir.
Universal Panel (Nasdaq: PANL) fell to an unexpected loss for the third quarter as revenue plunged.
In the broad market, advancing issues barely edged out decliners by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks held steady at 804.
Jobless Claims Fall But Markets Open Lower
November 08, 2012 at 09:45 AM EST
