Market Update

Shares of Jones Soda Co (NASDAQ: JSDA) gained about 4.5% after the company announced the resignation of Chief Financial Officer Michael O'Brien.

Shares of Energy Partners (NYSE: EPL) rose about 4.7% after the company's Board of Directors authorized a program for the repurchase of shares of its outstanding Common Stock for up to an aggregate cash purchase price of $20 million.

Shares of Cisco Systems Inc (NASDAQ: CSCO) gained about 1.4% after the company reported that it has acquired privately-held Versly. Financial terms of the deal are undisclosed.

Shares of NXP Semiconductors (NASDAQ: NXPI) gained about 2.8% after Crocus Technology today announced the acquisition of NXP Semiconductors' MRAM patent portfolio.