China's devaluation of the yuan sent the markets tumbling to close sharply lower with the Dow plummeting 212 points to 17,402. Nasdaq plunged 65 points to 5,036.
On the upside
Envestnet (NYSE: ENV) will pay a premium of approximately $560 million to acquire Yodlee (Nasdaq: YDLE).
NTELOS Holdings (Nasdaq: NTLS) will be acquired by Shenandoah Telecommunications for a premium of approximately $208 million in cash.
Lipocine (Nasdaq: LPCN) narrowed losses for the second quarter.
On the downside
Zebra Technologies (Nasdaq: ZBRA) disappointed with a greater than expected loss for the second quarter and forecast current quarter earnings below expectations.
The Consumer Financial Protection Bureau may take legal action against World Acceptance (Nasdaq: WRLD).
Avid Technology (Nasdaq: AVID) reported an unexpected loss for the second quarter as revenue fell prompting a downgrade.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 dropped 20 points to 2084. Bitcoin added $2 to $263.
