SEC may take action against ITT

The SEC may take enforcement action against ITT Educational Services Inc. (NYSE: ESI) sending the stock price plummeting $2.70 to close at $4.95.

ChinaNet unveils new growth strategy

ChinaNet Online Holdings Inc. (Nasdaq: CNET) announced a new growth strategy focused on digital advertising services and has engaged in discussions to provide Alibaba Group Holding Ltd. (NYSE: BABA) with Micro-Sell 360. ChinaNet stock nearly doubled by leaping 94 cents to close at $1.96 while Alibaba stock surged $25.89 to close at $93.89.

Alibaba surges in debut

Shares of Alibaba Group Holding Ltd. (NYSE: BABA) leaped $25.89 to close at $93.89 in its market debut.

Oracle's Ellison to step aside

Oracle Corp. (NYSE: ORCL) founder Larry Ellison will relinquish the chief executive officer role to Safra Catz and Mark Hurd. The software firm also reported slightly lower first quarter earnings that missed expectations sending the stock price down $1.75 to close at $39.80.

Pro-Dex swings to profit

Pro-Dex Inc. (Nasdaq: PDEX) swung to a profit for the fourth quarter of a penny per share compared with a loss of 20 cents per share as revenue rose. The stock price soared 59 cents to close at $2.79.

SAP will a premium of approximately $7.3 billion in cash to acquire Concur Technologies Inc. (Nasdaq: CNQR) sending the stock price soaring $19.02 to close at $126.82.

A Food and Drug Administration advisory panel recommended that the agency limit the use of low testosterone drugs such as Repros Therapeutics Inc.'s (Nasdaq: RPRX) Androxal. Shares of the biopharmaceutical plunged $2.79 to close at $10.09.

Marchex lowers guidance

Marchex Inc. (Nasdaq: MCHX) lowered its full year call-driven revenue sending the stock price plummeting $3.43 to close at $4.07.

Veritas Capital will pay $150 million in cash to acquire the Space Photovoltaics business  of Emcore Corp. (Nasdaq: EMKR). The stock price leaped $1.08 to close at $5.37.

Rite Aid cuts outlook

Rite Aid Corp. (NYSE: RAD) reported sharply higher second quarter earnings of 13 cents per share compared with 3 cents per share a year earlier but the company cut its full year earnings outlook sending the stock price tumbling $1.17 to $5.48.


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