The markets opened mixed with the Dow gaining 50 points to 10,822 while Nasdaq fell 23 points to 2459. Wary investors continued to monitor developments in Europe.
On the upside
The Food and Drug Administration issued an approval letter to Mela Sciences (Nasdaq: MELA) for its MelaFind melanoma detection device.
Berkshire Hathaway will repurchase Class A (NYSE: BRK-A) and Class B (NYSE: BRK-B) stock.
Odyssey Marine Exploration (Nasdaq: OMEX) found the wreckage of British cargo ship SS Gairsoppa which was carrying approximately 7 million ounces of silver.
On the downside
Eastman Kodak (NYSE: EK) will borrow $160 million from its revolving credit line.
Activist investor Carl Icahn withdrew his bid to replace Clorox's (NYSE: CLX) board of directors.
JPMorgan Chase reported that Apple (Nasdaq: AAPL) lowered its iPad orders for the fourth quarter by 25%.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 648.
