On the upside
The House passed a bill to tax 90% of the bonuses that American International Group (NYSE: AIG) and other financial firms receiving government assistance paid to employees making over $250,000 a year.
Lamar Advertising (Nasdaq: LAMR) will raise $250 million through a private placement of senior notes.
Medicis Pharmaceutical (NYSE: MRX) and Teva Pharmarceutical (NYSE: TEVA) settled a patent dispute over Teva's generic version of Medicis' acne medication Solodyn.
On the downside
Advantage Energy Income Fund (NYSE: AAV) reported lower fourth quarter funds from operations.
Citigroup (NYSE: C) announced that it may execute a reverse stock split.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 413.
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