Home prices rose less than expected in July to weigh the markets down to a lower open with the Dow slipping 15 points to 17,056. Nasdaq lost 10 points to 4,495
On the upside
News Corp. will pay a premium of approximately $950 million in cash to buy Move (Nasdaq: MOVE).
ChinaNet Online Holdings (Nasdaq: CNET) subsidiary Liansuo signed 12 new clients and re-signed 55 existing clients.
eBay (Nasdaq: EBAY) will spin off PayPal into a separate publicly traded company next year.
On the downside
China Finance Online (Nasdaq: JRJC) reported widened losses for the second quarter even as revenue surged.
Brean Capital downgraded Endocyte (Nasdaq: ECYT) from a Buy rating to a Hold rating.
Con-way (NYSE: CNW) increased the pay rates of its drivers and reduced the length of time for drivers to reach top pay scale.
In the broad market, declining issues outpaced advancers by a margin of 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 slipped 2 points to 1975. Bitcoin added $1 to $376.
