The markets opened flat with the Dow adding 3 points to 17,969 as the deadline for a Greek deal loomed. Nasdaq rose 7 points to 5,129.

On the upside

Cleveland BioLabs (Nasdaq: CBLI) entered a purchase agreement with a venture capital investor for approximately $25 million.

Magnum Hunter Resources (NYSE: MHR) will sell its entire equity ownership in Eureka Hunter Holdings.

Real Goods Solar (Nasdaq: RGSE) converted all of its subordinated debt into Class A common stock and will exchange most of its Series A and C warrants for Class A common stock.
 
On the downside

Cree (Nasdaq: CREE) will restructure its LED business and announced a stock repurchase plan.

Fourth quarter earnings fell for Methode Electronics (NYSE: MEI).

FBR Capital downgraded World Acceptance (Nasdaq: WRLD) from an Outperform rating to a Market Perform rating and slashed its price target from $98 to $73.
 
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 edged up to 2109. Bitcoin added $2 to $242.