Jobless Claims Fall Less Than Expected, Markets Open Lower
On the upside
BioSante Pharmaceuticals (Nasdaq: BPAX) reported upbeat results from a clinical trial of its leukemia vaccine GVAX.
Imax (Nasdaq: IMAX) reversed year ago losses to post a profit for the fourth quarter due to blockbuster movies such as Avatar.
Synovus Financial (NYSE: SNV) declared a quarterly dividend of a penny per share payable on April 1, 2010 to shareholders of record March 18, 2010.
On the downside
Grant Thornton International resigned from its appointment as the indepenent accounting firm for Yuhe International (Nasdaq: YUII).
China Security & Surveillance Technology (NYSE: CSR) announced a public offering of 20 million common shares.
Jackson Hewitt Tax Service (NYSE: JTX) disappointed with a third quarter loss and warned that it may fail to comply with the financial covenants of its credit facility.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 669.
