Market Update

Shares of Regis Corp RGS dropped about 2% after the company reported downbeat fiscal second-quarter revenue. Regis' quarterly revenue fell 2% to $563.1 million, versus analysts' estimates of $570 million. Regis' same-store sales dropped 3%, versus a 3.1% fall in the first quarter. Shares of Sigma-Aldrich Corp SIAL fell about 0.5% after the company announced its plans to acquire testing firm BioReliance Holdings Inc from Avista Capital Partners for $350 million in cash. Shares of Air Products & Chemicals Inc APD gained about 0.06% after the company announced its plans to sell its homecare business in Belgium, Germany, France, Portugal and Spain to The Linde Group for 550 million euro, or around $750 million. Shares of BG Medicine Inc BGMD gained about 1.8% after the company appointed Eric Bouvier as the firm's new president and chief executive officer and a member of the Board of Directors, effective January 9.