September 2009 Archives
Iconix Brand Group Inc. (Nasdaq: ICON) trimmed its full-year outlook due to a possible performance hit from transitioning its Rocawear women's license to a new licensee. The stock price plummeted $3.33 to close at $12.47.
Ameriprise Financial Inc. (NYSE: AMP) offered to pay about $1 billion in cash to acquire Columbia Management, the long-term asset management operations from Bank of America (NYSE: BAC). Shares of Ameriprise leaped $3.99 to close at $36.33 while Bank of America stock eased 24 cents to close at $16.92.
Renesola Ltd. (NYSE: SOL) issued 15.5 million in American depositary shares sending the stock price down 38 cents to $4.94. The China-based company manufactures solar products.
Commercial lender CIT Group Inc. (NYSE: CIT) may give up control of the company to bondholders in order to reduce its $30 billion debt load. The stock price plummeted 80 cents to $1.40.
Discovery Laboratories Inc. (Nasdaq: DSCO) received an FDA nod to proceed with studies to treat infant respiratory problems sending the stock price up 33 cents to $1.44.
Piper Jaffray said that market conditions are improving for Moody's Corp. (NYSE: MCO) and expects third quarter earnings to rise sending the stock price soaring $2.04 to close at $20.81.
Drugstore operator Walgreen Co. (NYSE: WAG) posted higher revenues and lower profits that beat forecast. The stock price soared $3.16 to close at $37.35. Shares of rival CVS Caremark Corp. NYSE: CVS) also rose by climbing $1.19 to close at $36.07.
USEC Inc. (NYSE: USU) blamed delays by the Energy Department in reviewing its loan application for the loss of 1,000 jobs at a uranium enrichment plant in Ohio. The stock price fell 36 cents to close at $4.80.
Sequenom Inc. (Nasdaq: SQNM) fired its CEO and a group of executives as an investigation into the mishandling of results for its Down syndrome blood test unfolded. The stock price plummeted $2.16 to $3.53.
Goldman Sachs lifted its price target on Qualcomm (Nasdaq: QCOM) sending shares of the company up $1.27 to close at $45.97.
Hartford Financial Services Group Inc. (NYSE: HIG) launched a new campaign to promote the living benefits of a life insurance policy. The stock price leaped $2.78 to close at $28.62.
Barclays analyst Jeff Kvaal upgraded Cisco Systems Inc. (Nasdaq: CSCO) sending the stock price up 99 cents to close at $23.61.
Barclays analyst Jeff Kvaal upgraded Cisco Systems Inc. (Nasdaq: CSCO) sending the stock price up 99 cents to close at $23.61.
Barclays analyst Jeff Kvaal upgraded Cisco Systems Inc. (Nasdaq: CSCO) sending the stock price up 99 cents to close at $23.61.
Shares of Research in Motion Ltd. (Nasdaq: RIMM) continued to fall by dropping another $2.05 to $66.86 after last week's disappointing forecast.
Aspect Medical Systems Inc. (Nasdaq: ASPM) received an all-stock offer from Covidien (NYSE: COV) to add brain monitoring devices to its stable of medical products. Shares of Aspect Medical jumped $4.24 to $11.91 while Covidien stock rose $1.10 to $42.46.
Affiliated Computer Services Inc. (NYSE: ACS) received a $6.4 billion cash and stock offer from Xerox (NYSE: XRX) expanding the copier company's operations into data center management. Shares of Affiliated Computer Services leaped $6.33 to $53.58 while Xerox stock tumbled $1.45 to $7.52.
Pennsylvania's Department of Environmental Protection ordered Cabot Oil and Gas (Nasdaq: COG) to discontinue its "fracking" drilling process in Susquehanna County sending the stock price tumbling $2.37 to close at $33.69.
Shares of Chinese online video game company Shanda Games Ltd. (Nasdaq: GAME) tumbled $1.75 to close at $10.75 on its first day of trading.
United Community Banks Inc. (Nasdaq: UCBI) priced its offering of 38.7 million shares at $5 per share. The stock price fell 94 cents to close at $5.09.
Shares of Research in Motion Ltd. (Nasdaq: RIMM) plunged $13.96 to $69.10 after the maker of the popular Blackberry mobile devices posted higher revenues and earnings, but offered a cautious outlook.
Unilever offered $1.88 billion to buy several product lines from Sara Lee Corp. (NYSE: SLE). Shares of Sara Lee rose 70 cents to $11.24.
Hercules Offshore Inc. (Nasdaq: HERO) offered a disappointing outlook for the third quarter sending the stock price down 94 cents to close at $5.35.
Shares of A123 (Nasdaq: AONE) leaped $6.79 to close at $20.29 on its first trading day.
Shares of Red Hat Inc. (NYSE: RHT) soared $3.07 to close at $27.95 after the Linux software distributor posted higher revenues and profits that beat estimates.
Helicos BioSciences Corp. (Nasdaq: HLCS) announced that it sequenced single molecules of RNA with its True Single Molecule Sequencing technology. The stock price rose 32 cents to $2.75.
Shares of Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) plummeted $4.37 to $2.65 after the company reported disappointing results for its drug candidate that treats dizziness.
ATP Oil & Gas Corp. (Nasdaq: ATPG) will offer 5.3 million common shares sending the stock price tumbling $3.55 to close at $18.61.
Shares of flavored tobacco maker Star Scientific Inc. (Nasdaq: STSI) fell 11 cents to close at $1.00 after the Food and Drug Administration banned flavored cigarettes.
Speculation that Microsoft Corp. (Nasdaq: MSFT) may acquire Electronic Arts (Nasdaq: ERTS) lifted shares of the video game publisher $1.31 to close at $19.83. Shares of Microsoft eased 6 cents to close at $25.71.
U.S. Airways Group (NYSE: LCC) and AMR Corporation (NYSE: AMR) issued new notes in order to raise capital. Shares of U.S. Airways dropped 57 cents to $4.66 while AMR stock fell 36 cents to $8.08.
Keryx Biopharmaceuticals Inc. (Nasdaq: KERX) posted positive results for its drug candidate to treat dialysis patients sending the stock price soaring 54 cents to $2.90.
A Food and Drug Administration advisory committee will review CombinatoRx's (Nasdaq: CRXX) pain treatment Exalgo. The stock price dropped 36 cents to close at $1.73.
Vimpelcom (NYSE: VIP) will repurchase up to $320 million worth of its bonds sending the stock price up $2.00 to close at $19.05.
Dana Holding Corp. (NYSE: DAN) will offer 27 million common shares to raise approximately $178.3 million. The stock price climbed $1.38 to close at $7.13.
American Airlines parent AMR Corp. (NYSE: AMR) will offer 30 million shares of common stock and $250 million in convertible senior notes. The stock price fell 48 cents to $8.55.
German researchers reported that cancer patients receiving heat treatment in addition to chemotherapy fared better. BSD Medical Corp. (Nasdaq: BSDM), maker of heat treatment system used in the study, stock rocketed $2.19 to $4.07.
US Airways Group Inc. (NYSE: LCC) will install seats that lie flat in its business class. Shares of the airliner added 45 cents to close at $5.43.
In an article last week, The Associated Press under reported the amount of cash and cash equivalents that Palm Inc. (Nasdaq: PALM) holds by approximately $100 million sending the stock price soaring $1.94 to close at $15.95.
Investors are optimistic that the government will restructure American International Group Inc.'s (Nasdaq: AIG) bailout package. The stock price climbed $5.19 to $45.10.
VeriChip Corporation (Nasdaq: CHIP) locked down an exclusive license to two patents to track viruses sending the stock price soaring $2.10 to $3.25.
Shares of Perot Systems Corp. (NYSE: PER) leaped $11.67 to $29.58 after Dell Inc. (Nasdaq: DELL) offered $3.9 billion in cash to buy the information technology services company. Shares of Dell eased 65 cents to $16.04.
Morgan Stanley analyst Evan Callo initiated coverage of InterOil (Nasdaq: IOC) with an Overweight rating after the company announced that its Antelope-2 natural gas reservoir may be much larger than originally estimated. The stock price leaped $7.04 to close at $41.69.
RBC Capital Markets upgraded Boston Private Financial Holdings Inc. (Nasdaq: BPFH) after the bank announced that it was selling its Gibraltar Private Bank & Trust to private investors sending the stock price surging $1.49 to close at $6.88.
SmartHeat Inc. (Nasdaq: HEAT) priced its public offering of approximately 7.2 million shares at $9 per share. The stock price soared $1.88 to close at $11.94.
Cal Dive International Inc.'s (NYSE: DVR) largest shareholder Helix Energy Solutions Group will sell 20.6 million shares of its stake in Cal Dive at $10 per share. The stock price lost 61 cents to $10.03.
Mueller Water Products Inc. (NYSE: MWA) priced its offering of 32.3 million shares of common stock at $4.75 per share. The stock price rose 50 cents to $5.45.
Arena Pharmaceuticals Inc. (Nasdaq: ARNA) announced positive results for its anti-obesity drug, but the treatment was not as effective as other competing drug candidates. The stock price rose 47 cents to $5.38.
Eastman Kodak Co. (NYSE: EK) will offer senior secured notes and convertible senior notes in order to raise approximately $700 million. The stock price fell 75 cents to close at $5.93.
United Western Bancorp Inc. (Nasdaq: UWBK) priced its offering of 20 million common shares at $4 per share sending the stock price down 54 cents to close at $3.76.
Zargis Medical received FDA clearance to sell its heart and lung sound recording device to the U.S. Army. The company is majority-owned by Speedus Corp. (Nasdaq: SPDE). The stock price leaped $3.85 to close at $7.10.
US Airways (NYSE: LCC) announced redesign plans for its business suite to include seats that lie flat and an on-demand in-flight entertainment system sending the stock price up 60 cents to $4.98.
Ivanhoe Energy Inc. (Nasdaq: IVAN) announced a technical breakthrough in its proprietary HTL technology and also announced that an independent reviewer confirmed the world-class status of the company's heavy oil field in Ecuador. The stock price gained 24 cents to $2.41.
American Airlines (NYSE: AMR) received $2.9 billion in financing including $1 billion in cash from the sale of frequent flyer miles to Citigroup. The stock price climbed $1.20 to $8.55.
An analyst said that as more casinos are slated to open in Las Vegas, MGM Mirage (NYSE: MGM) loses its luster. The stock price fell 97 cents to close at $12.40.
Agco Corp. (NYSE: AGCO) blamed disappointing sales for slashing its full year outlook. The stock price tumbled $3.11 to close at $29.45.
Corning Inc. (NYSE: GLW) paid approximately $400 million in cash to acquire American Capital's (Nasdaq: ACAS) life sciences equipment maker Axygen BioScience. Shares of Corning eased 2 cents to $15.78 while American Capital stock soared 84 cents to close at $3.41.
Genworth Financial Inc. (NYSE: GNW) priced its public offering of 48 million shares at $11.75 per share. The stock price climbed $1.45 to $13.50.
The Food and Drug Administration granted Keryx Biopharmaceuticals Inc.'s (Nasdaq: KERX) multiple myeloma treatment Ophan-Drug designation sending the stock price soaring 57 cents to $2.13.
Shares of Omniture Inc. (Nasdaq: OMTR) soared $4.66 to $21.99 after Adobe Systems (Nasdaq: ADBE), the maker of website design tools, offered $1.8 billion for the business software maker. Adobe stock dropped $2.38 to $33.24.
Falling sales hurt the latest quarterly results announced by Best Buy Co. Inc. (NYSE: BBY) as profits dropped to miss estimates. The stock price tumbled $2.09 to close at $38.32.
Sanford C. Bernstein analyst Jeffrey Lindsay upgraded Yahoo Inc. (Nasdaq: YHOO) saying that the stock is undervalued. The stock price rose 84 cents to close at $16.41.
Regions Financial Corp. (NYSE: RF) chief executive Dowd Ritter said that the bank does not need to raise more capital sending the stock price up 55 cents to close at $6.06.
Rumors that the federal government may begin selling its stake in Citigroup Inc. (NYSE: C) sent the stock price tumbling 23 cents to $4.29.
Shares of Kroger Co. (NYSE: KR) fell $1.79 to $20.32 after the nation's largest traditional grocery chain posted a decline in revenues and earnings that missed expectations.
Salix Pharmaceuticals Ltd. (Nasdaq: SLXP) reported positive late stage results for its drug treatment of irritable bowel syndrome. The stock price surged $6.84 to close at $20.22.
American Capital Ltd. (Nasdaq: ACAS) reported a $16 million gain from the sale of a portfolio company. The stock price climbed 36 cents to close at $2.64.
Zoom Technologies (Nasdaq: ZOOM) announced that its recent acquisition Gold Lion swung to a profit sending the stock price leaping $8.65 to close at $12.69.
Tenet Healthcare Corp. (Nasdaq: THC) cited better than expected revenue for lifting its full year outlook. Shares of the hospital operator rose 45 cents to $5.90.
Salix Pharmaceuticals Ltd. (Nasdaq: SLXP) reported positive late stage results for its drug treatment of irritable bowel syndrome sending the stock price soaring $7.12 to $20.50.
Shares of Motorola Inc. (NYSE: MOT) climbed 71 cents to close at $8.68 in anticipation of a collaboration with Google (Nasdaq: GOOG) to develop a new mobile phone. Google stock rose $1.20 to close at $472.14.
The European Patent Office granted CytRx Corp. (Nasdaq: CYTR) a patent for its arimoclomol treatment for neurodegenerative diseases of the central nervous system sending the stock price up 15 cents to close at $1.23.
First quarter earnings for National Semiconductor Corp. (NYSE: NSM) plunged to 13 cents per share from 33 cents per share a year earlier. The stock price lost 94 cents to close at $15.03.
Compton Petroleum Corp. (NYSE: CMZ) announced the terms of its $150 million public offering sending the stock price down 26 cents to $1.14.
EnCana Corp. (NYSE: ECA) will split into an integrated oil company to be named Cenovus and a natural gas company that will retain the EnCana name. The stock price climbed $4.05 to $58.68.
USEC Inc. (NYSE: USU) will provide Exelon Generation with separative work units in a contract valued at approximately $1.2 billion. The stock price climbed 61 cents to close at $5.12.
A union of YRC Worldwide Inc. (Nasdaq: YRCW) agreed to pay and pension cuts to avoid closure of the unit sending shares of the transportation services company soaring 49 cents to close at $3.05.
Third quarter earnings for NCI Building Systems (NYSE: NCS) fell to 20 cents per share from $1.63 per share in the year ago period but the results topped estimates. The stock price climbed 56 cents to close at $3.51.
Monsanto Co. (NYSE: MON) will eliminate approximately 8 percent of its staff, a deeper cut than originally announced. The stock price tumbled $4.80 to $78.68.
J. P. Morgan upgraded United Airlines parent UAL Corp. (Nasdaq: UAUA) to lift the stock price $1.12 to $7.57.
The Food and Drug Administration will allow Dynavax Technologies Corp. (Nasdaq: DVAX) to continue drug trials of its hepatitis B vaccine sending the stock price soaring 91 cents to $2.66.
Rite Aid Corp. (NYSE: RAD) will report second quarter earnings on September 24. Shares of the retail drugstore operator rose 16 cents to close at $1.65.
Delta Petroleum Corp. (Nasdaq: DPTR) received approval from the Klickitat County Board of Adjustment to drill four exploratory natural gas wells. The stock price leaped 75 cents to close at $3.03.
Barrick Gold Corp. (NYSE: ABX) increased its shares offering to $3.5 billion sending the stock price tumbling $2.35 to close at $36.95.
Barclays Capital analyst Roger Freeman upgraded Fortress Investment Group LLC (NYSE: FIG) sending the stock price up 58 cents to $5.05.
Syneron Medical Ltd. (Nasdaq: ELOS) offered $65 million in stock to acquire rival Candela Corp. (Nasdaq: CLZR) to combine two medical laser equipment makers. Shares of Candela soared 62 cents to $2.50 while Syneron stock fell 86 cents to $8.88.
Shares of Vivus Inc. (Nasdaq: VVUS) soared $4.79 to $11.70 after the drug developer announced results that two late stage studies for Qnexa met key weight loss goals.
Barclays Capital upgraded Advanced Micro Devices (NYSE: AMD) after its chip foundry partner ATIC offered $1.8 billion to acquire Chartered Semiconductor. The stock price climbed 66 cents to close at $5.19.
Atheros Communications Inc. (Nasdaq: ATHR) announced plans to acquire Intellon Corp. (Nasdaq: ITLN) in a cash and stock deal valued at approximately $244 million. Shares of Atheros fell 55 cents to close at $27.43 while Intellon stock leaped $2.12 to close at $7.12.
Credit Suisse downgraded American International Group Inc. (NYSE: AIG), a beleaguered insurer whose asset sales may leave a core business with "little to no value" for common shareholders. The stock price plummeted $4.20 to close at $35.85.
Kraft Foods Inc. (NYSE: KFT) offered about $16 billion to acquire U.K.-based Cadbury PLC (NYSE: CBY) which promptly rejected the bid as too low. Shares of Kraft fell $1.45 to $26.65 while Cadbury stock surged $14.36 to $51.82.
Opexa Therapeutics Inc. (Nasdaq: OPXA) reported positive results for its vaccine treatment of multiple sclerosis sending the stock price soaring $3.57 to $5.10.
Las Vegas Sands Corp. (NYSE: LVS) will sell $600 million worth of bonds. The stock price climbed $1.18 to close at $15.51.
Third quarter earnings for Quiksilver Inc. (NYSE: ZQK) tumbled to a penny per share from 2 cents per share a year earlier and the company warned of losses for the fourth quarter. The stock price dropped 50 cents to close at $2.36.
A rheumatoid arthritis drug candidate developed by Array BioPharma Inc. (Nasdaq: ARRY) missed study goals. Analysts promptly downgraded the stock sending shares plummeting $0.88 to close at $2.90.
Jazz Pharmaceuticals Inc. (Nasdaq: JAZZ) executives will present at two investor conferences. The stock price surged $2.20 to $9.21.
Shares of LTX Credence Corp. (Nasdaq: LTXC) rose 23 cents to $1.32 after the chip maker posted a fourth quarter loss, but raised its guidance for 2010. An analyst promptly upgraded the stock.
Fannie Mae (NYSE: FNM) received notice from the NYSE that the company has regained compliance with the exchange's minimum price standard for continued listing of its common stock. The stock price rose 12 cents to $1.76.
A federal judge will allow a class action lawsuit accusing The McGraw-Hill Companies, Inc. (NYSE: MHP) of fraud to go forward. The stock price plunged $3.30 to close at $29.01.
Family Dollar Stores Inc. (NYSE: FDO) disappointed with a smaller than expected same store sales growth. The stock price tumbled $2.67 to close at $28.32.
Two articles were published about Curis Inc.'s (Nasdaq: CRIS) experimental cancer treatment GDC-0449 sending the stock price up 31 cents to close at $2.41.
Although Hovnanian Enterprises Inc. (NYSE: HOV) narrowed its third quarter loss to $2.16 per share from $2.67 per share in the year ago period, the results fell short of estimates. Shares of the homebuilder fell 63 cents to $4.02.
Amedisys Inc. (Nasdaq: AMED) announced that its president and chief operating officer Larry Graham and its chief information technology officer Alice Schwartz both resigned sending the stock price plunging $10.03 to $33.42.
Vical Inc. (Nasdaq: VICL) received a new patent for its Vaxfectin-formulated DNA vaccines for seasonal and pandemic flu viruses. The stock price climbed 52 cents to $4.93.
Motorola Inc. (NYSE: MOT) introduced its new advanced data capture solutions to improve productivity sending the stock price up 80 cents to close at $7.82.
Shares of Fannie Mae (NYSE: FNM) tumbled 22 cents to close at $1.37 and Freddie Mac (NYSE: FRE) dropped 26 cents to close at $1.64 on the possibility that Congress may transform the two mortgage financing companies into small, private businesses.
Credit Suisse analyst Satya Kumar upgraded Amkor Technology Inc. (Nasdaq: AMKR) saying increasing demand will improve margins. The stock price rose 52 cents to $6.15.
An analyst downgraded Novavax Inc. (Nasdaq: NVAX) due to valuation sending the stock price tumbling 72 cents to $5.93. The biopharmaceutical company develops flu vaccines.
Shares of VeriFone Holdings Inc. (NYSE: PAY) surged $2.80 to $13.93 after the electronic payment service provider posted a 3rd quarter profit that surpassed expectations.
Two potential suitors of E-Trade Financial Corp. (Nasdaq: ETFC) may wait until 2010 to make a bid for the discount broker sending the stock price down 26 cents to close at $1.50.
Two of Builders FirstSource Inc.'s (Nasdaq: BLDR) largest shareholders plan to restructure the building products supplier's debt. The stock price plunged $2.71 to close at $4.98.
Shares of AVI Biopharma Inc. (Nasdaq: AVII) surged for a second day by climbing 37 cents to close at $2.08 on hopes that health regulators around the world will purchase swine flu vaccines.
A San Francisco judge delayed Rambus Inc.'s (NYSE: RMBS) antitrust case against Micron Technology (NYSE: MU), Hynix Semiconductor and Samsung Electronics. Shares of Rambus plunged $2.76 to $16.34 while Micron stock slipped 31 cents to $7.06.
A late stage clinical trial of Acadia Pharmaceuticals Inc.'s (Nasdaq: ACAD) Parkinson's disease psychosis treatment failed. The stock price plummeted $3.71 to $2.13.
