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Morning Market Losers

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UBIC (NASDAQ: UBIC) shares slipped 9.03% to $20.60. The directors of UBIC resolved to acquire all of the outstanding shares of TechLaw Solutions.

Kandi Technolgies Group (NASDAQ: KNDI) shares dropped 8.37% to $17.52 after the company announced its entry into agreement for registered direct placement of $71 million of common stock and warrants.

Frontline (NYSE: FRO) shares declined 7.56% to $2.08 after falling around 13% on Thursday.

Pacific Sunwear of California (NASDAQ: PSUN) shares fell 6.52% to $2.15 after the company posted in-line results for the second quarter and issued a weak forecast.

Bio Blast Pharma (NASDAQ: ORPN) slipped 5.52% to $9.25 after the company reported Q2 results.

Big Lots (NYSE: BIG) shares dropped 2.96% to $45.80 on Q2 results. Big Lots reported better-than-expected fiscal second-quarter earnings and raised its FY14 earnings forecast. The company also announced a new $125 million share-repurchase program.

Sunesis Pharmaceuticals (NASDAQ: SNSS) shares fell 2.19% to $7.61 after dropping 5.47% on Thursday. Wedbush downgraded the stock from Outperform to Neutral.

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