Despite a greater than expected drop in initial applications for unemployment benefits, the markets opened lower with the Dow falling 43 points to 11,782. Nasdaq dropped 18 points to 2706.
On the upside
Wendy's/Arby's (NYSE: WEN) retained the services of UBS to explore the possible sale of Arby's.
Fourth quarter earnings fell for eBay (Nasdaq: EBAY) but the results topped analyst estimates.
Dillard's (NYSE: DDS) announced that it will form a real estate investment trust subsidiary.
On the downside
The Food and Drug Administration refused to approve Mannkind's (Nasdaq: MNKD) inhaled insulin Afrezza and requested additional studies of the diabetes treatment.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
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