On the upside
Patriot Coal (NYSE: PCX) settled a lawsuit filed by two environmental groups by agreeing to try a different method of reducing selenium runoff.
Wedbush Morgan initiated coverage of Emergent BioSolutions (NYSE: EBS) with a Buy rating.
Seagate (Nasdaq: STX) introduced its BlackArmor portfolio of storage solutions designed for small businesses.
On the downside
Supertel Hospitality (Nasdaq: SPPR) suspended the quarterly dividend for the real estate investment trust's common shares.
Real estate investment trust ProLogis (Nasdaq: PLD) will pay down debt with over $1.3 billion it has received from the sale of assets.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 17 points to 417.
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