On the upsideAs part of a restructuring plan, Ecolab (NYSE: ECL) will eliminate 1,000 jobs but the company reaffirmed its 2008 earnings outlook.
American Eagle Outfitters (NYSE: AEO) announced the selection of Roger Markfield to the new position of vice chairman and executive creative director.
Clarcor (NYSE: CLC) reported higher fourth quarter earnings and revenue that topped analyst estimates.
On the downsideNasdaq may delist ArthroCare (Nasdaq: ARTC) on Friday because the medical products company is delinquent in its quarterly filings.
Marshall & Ilsley (NYSE: MI) swung to a fourth quarter loss due to higher loan-loss provisions.
Red Robin Gourmet Burgers (Nasdaq: RRGB) will not advertise on national cable during 2009 prompting an analyst downgrade.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 13 points to 441.