Market Update

Shares of Willis Group Holdings plc (NYSE: WSH) gained about 1.3% after Willis Europe BV, a division of Willis Group Holdings acquired 100% of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe Sp. Zoo.

Shares of Prospect Capital Corporation (NASDAQ: PSEC) rose about 2% after the company adopted a plan for the purpose of repurchasing up to $100,000,000 of its common stock.

Shares of Baxter International Inc (NYSE: BAX) gained about 0.3% after the company entered into a definitive agreement to acquire privately held Baxa Corporation.

Shares of Yadkin Valley Financial Corporation (NASDAQ: YAVY) rose about 3% after the company's Board of Directors appointed Wm. Mark DeMarcus Chief Operating Officer of the Company and of banking unit Yadkin Valley Bank & Trust.