On the upside
Italy's only telecom selected Alvarion (Nasdaq: ALVR) to deploy a nationwide wireless network.
LabCorp will pay approximately $106.7 million to acquire Monogram Biosciences (Nasdaq: MGRM).
Standard & Poor's will replace Tyco Electronics (NYSE: TEL), which is being reincorporated in Switzerland, with MetroPCS (NYSE: PCS) on the S&P 500 index.
On the downside
Rambus (Nasdaq: RMBS) cut its second quarter revenue forecast and warned of higher litigation expenses. Although fourth quarter earnings for Smith & Wesson (Nasdaq: SWHC) more than doubled to beat expectations, the firearms maker said that order backlogs will fall in the first quarter. Boeing (NYSE: BA) once again postponed the initial test flight of its next generation 787 jetliner saying that a section of the aircraft must be reinforced.