Stocks teetered near the breakeven point all day as the markets lacked the major catalyst needed to drive the major indices one way or the other. Of the notable stories to cross the wires today was news that Blackberry (NASDAQ:BBRY) is considering strategic alternatives, including the possible sale of the company. The board of directors has formed a special committee to explore all options.
In other corporate news, Pinnacle Foods (NYSE:PF) is buying the Wish-Bone salad dressing brand from Unilever (NYSE:UL) for $580 million. Sales for the salad dressing brand totaled $190 million last year and the transaction will be funded with cash on hand and new debt. WebMD (NASDAQ:WBMD) announced that David Schalnger would be the company's new CEO, removing the interim portion from his current title. Schalnger was named interim CEO in May of this year following the sudden departure of Caven Redmond.
After the bell, investors will see earnings reports from Buckeye Technologies (BKI) and InterOil (NYSE:IOC), and on Tuesday morning from Flowers Foods (NYSE:FLO) and Valspar (NYSE:VAL).
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