September 2010 Archives

Dollar Thrifty Automotive Group Inc. (NYSE: DTG) delayed voting by shareholders on Hertz Global Holdings Inc.'s (NYSE: HTZ) $1.5 billion acquisition offer. Shares of Dollar Thrifty edged up 4 cents to close at $50.14 while Hertz stock fell $1.02 to close at $10.59.

Jefferies upgraded Canadian Solar Inc. (Nasdaq: CSIQ) to a Buy rating sending the stock price up $1.82 to close at $16.30.

The Central Bank of Ireland informed Allied Irish Banks (NYSE: AIB) that it must raise another 3 billion euros by the end of the year sending the stock price down 22 cents to close at $1.42.

Manitowoc Co. Inc. (NYSE: MTW) will issue up to $500 million in senior unsecured notes. The stock price gained $1.31 to $11.97.

Electronic payment solutions firm Hypercom Corp. (NYSE: HYC) rejected rival VeriFone System Inc.'s (NYSE: PAY) unsolicited cash offer of approximately $290 million as too low. Shares of Hypercom leaped $2.07 to $6.30 while VeriFone stock gained $1.60 to $30.65.

Xyratex Ltd. (Nasdaq: XRTX) reported higher third quarter earnings of $1.19 per share compared with 26 cents per share a year earlier but the data storage solutions company forecast fourth quarter revenue below estimates. The stock price tumbled $2.36 to $14.99.

In its first financial report since the corporate scandal in January 2009, Satyam Computer Services Ltd. (NYSE: SAY) disappointed with losses for fiscal 2010 sending the stock price down 46 cents to close at $4.08.

Mad Money's Jim Cramer said that Cirrus Logic Inc. (Nasdaq: CRUS) stock is poised to double lifting the stock price $1.67 to close at $19.02.

FalconStor Software Inc. (Nasdaq: FALC) president, chief executive and chairman ReiJane Huai resigned over allegations of improper payments made to one client. The stock price dropped 91 cents to $3.15.

The Securities and Exchange Commission launched an inquiry into Green Mountain Coffee Roasters Inc.'s (Nasdaq: GMCR) revenue accounting practices sending the stock price tumbling $5.34 to $31.67.

Danaher Corp. (NYSE: DHR) will acquire Keithley Instruments (NYSE: KEI) in an all cash deal valued at approximately $300 million. Shares of Danaher slipped 46 cents to $40.99 while Keithley Instruments stock leaped $9.05 to $21.44.

Long term data from a clinical trial demonstrated that implantable cardioverter defibrillators saved one life for every eight patients implanted with the medical device, lifting shares of medical device maker Boston Scientific Corp. (NYSE: BSX) 45 cents to close at $6.18.

Raymond James analyst Pavel Molchanov said that General Electric Co. (NYSE: GE) was rumored to be exploring a possible acquisition of Broadwind Energy (Nasdaq: BWEN). Shares of GE edged up a penny to close at $16.44 while Broadwind Energy stock climbed 40 cents to close at $1.87.

Pacific Ethanol Inc. (NYSE: PEIX) will raise approximately $53.5 million through the sale of senior convertible notes and by selling its minority stake in Front Range Energy. The stock price slipped 9 cents to close at $0.99.

Monsanto Co.'s (NYSE: MON) new genetically modified corn seed product SmartStax failed to produce the crop yields that were expected sending the stock price tumbling $4.79 to $48.29.

Harvest Natural Resources Inc. (NYSE: HNR) retained the services of Bank of America Merrill Lynch to explore strategic alternatives to increase shareholder value including the possible sale of the energy company lifting the stock price $1.19 to $10.29.

Fourth quarter earnings for Walgreen Co. (NYSE: WAG) rose to 49 cents per share from 44 cents per share last year to top analyst estimates as prescription drug sales increased. Shares of the drugstore chain surged $3.57 to $33.92.

LDK Solar Co. Ltd. (NYSE: LDK) signed a five-year credit facility with China Development Bank for $8.9 billion. Shares of the photovoltaic products company climbed $1.60 to close at $10.45.

BioFuel Energy Corp. (Nasdaq: BIOF) secured a six month bridge loan agreement for $19.4 million. The stock price gained 54 cents to close at $2.22.

Seattle Genetics Inc. (Nasdaq: SGEN) reported positive results from a clinical trial of its Hodgkin's lymphoma treatment SGN-35 lifting the stock price $2.14 to close at $14.30.

Consumer goods company Unilever plc (NYSE: UL) will pay approximately $3.7 billion in cash to acquire beauty care products company Alberto Culver (NYSE: ACV). Shares of Unilever rose 46 cents to $29.02 while Alberto Culver stock jumped $6.22 to $37.70.

AirTran Holdings Inc. (NYSE: AAI) will be acquired by Southwest Airlines Co. (NYSE: LUV) for approximately $1.04 billion in cash and stock. Shares of AirTran surged $2.80 to $7.35 while Southwest stock climbed $1.44 to $13.72.

Virtual Radiologic Corp. will acquire NightHawk Radiology Holdings Inc. (Nasdaq: NHWK) in an all cash deal valued at approximately $170 million. Shares of NightHawk leaped $3.13 to $6.38.

Shares of business software company SciQuest Inc. (Nasdaq: SQI) surged $2.77 to close at $12.27 on its first trading day.

Speculation that Oracle (Nasdaq: ORCL) may acquire MIPS Technologies Inc. (Nasdaq: MIPS) lifted shares of the embedded processor firm $1.20 to close at $9.59. Oracle stock eased 16 cents to close at $26.96.

Tibco Software Inc. (Nasdaq: TIBX) reported higher third quarter earnings of 10 cents per share compared with 9 cents per share a year earlier that topped analyst estimates and acquired software provider to gas and oil firms OpenSpirit. Shares of the business software firm surged $2.06 to close at $18.43.

Satyam Computer Services Ltd. (NYSE: SAY) said that it will most likely miss its October 15 deadline to restate its 2009 annual report and will be delisted from the New York Stock Exchange for noncompliance. The stock price plunged $1.71 to $4.41.

Vical Inc. (Nasdaq: VICL) priced its offering of 15 million common shares at $2.25 per share sending the stock price tumbling 59 cents to $2.28.

Alcatel-Lucent (NYSE: ALU) and Blue Coat Systems Inc. (Nasdaq: BCSI) partnered to provide global web caching and content delivery solutions. Shares of Alcatel-Lucent rose 28 cents to $3.34 while Blue Coat Systems stock gained 50 cents to $24.74.

The Food and Drug Administration accepted Bionovo Inc.'s (Nasdaq: BNVID) manufacturing plan for its menopausal hot flash treatment Menerba sending the stock price soaring 65 cents to $1.87.

Reuters reported that private equity firms balked at Novell Inc.'s (Nasdaq: NOVL) asking price for its NetWare and identity management units sending the stock price down 50 cents to $6.01.

Rite Aid Corp. (NYSE: RAD) widened second quarter losses to 23 cents per share from 14 cents per share last year as revenue fell prompting the drugstore chain to lower its full year revenue outlook. The stock price dropped 16 cents to $0.94.

CarMax Inc. (NYSE: KMX) reported higher second quarter earnings of 48 cents per share compared with 48 cents per share that topped analyst estimates as consumers purchased more used cars. Shares of the pre-owned vehicle retailer climbed $2.04 to close at $26.16.

Bloomberg reported that Satyam Computer Services Ltd. (NYSE: SAY) will release an annual earnings report for the first time in two years after its corporate fraud scandal stunned the world. The stock price climbed $1.08 to close at $6.61.

Shares of Rite Aid Corp. (NYSE: RAD) rose 6 cents to close at $1.10 ahead of its earnings release tomorrow morning before market open.

Third quarter earnings surged for Adobe Systems Inc. (Nasdaq: ADBE) to 44 cents per share from 26 cents per share last year but the software company warned that current quarter revenue would fall short of expectations sending the stock price tumbling $6.58 to $26.36.

Rumors circulated that IBM Corp. (NYSE: IBM) may acquire Brocade Communications Systems Inc. (Nasdaq: BRCD). Shares of IBM edged up 3 cents to $132.01 while Brocade stock gained 54 cents to $6.19.

Bloomberg reported that iStar Financial Inc. (NYSE: SFI) is exploring a pre-packaged bankruptcy plan sending the stock price tumbling 53 cents to close at $3.48.

AMAG Pharmaceuticals Inc. (Nasdaq: AMAG) will meet with the Food and Drug Administration to discuss possible side effects from its treatment Feraheme for iron deficiency anemia in chronic kidney disease patients. Shares of the biopharmaceutical plunged $3.53 to close at $19.96.

Cypress Sharpridge Investments (NYSE: CYS) priced its public offering of 13 million common shares at $12.95 per share sending the stock price down 94 cents to close at $12.93.

Nokia Corp. (NYSE: NOK) announced another delay to the launch of its latest N8 smartphone sending the stock price down 52 cents to $9.76.

Chinese mobile phone maker Zoom Technologies Inc. (Nasdaq: ZOOM) announced that client Beijing Tianyu increased its order by 500,000 units per month. The stock price soared $1.05 to $4.64.

Vivus Inc. (Nasdaq: VVUS) reported significant weight loss in patients from a two-year clinical trial of its obesity treatment Qnexa lifting the stock price 88 cents to $7.06.

Office Depot Inc. (NYSE: ODP) remodeled some stores to occupy a smaller space to reduce costs. Shares of the office supplies retailer rose 41 cents to close at $4.43.

Internet Brands Inc. (Nasdaq: INET) agreed to be acquired by private equity firm Hellman & Friedman Capital Partners in a deal valued at approximately $640 million. The stock price surged $4.05 to close at $13.16.

Arrow Electronics Inc. (NYSE: ARW) will pay approximately $130 million in cash to acquire Nu Horizons Electronics Corp. (Nasdaq: NUHC). Shares of Arrow Electronics rose 50 cents to close at $25.66 while Nu Horizons stock more than doubled by leaping $3.48 to close at $6.89.

IBM Corp. (NYSE: IBM) offered approximately $1.7 billion to acquire data warehousing and analysis company Netezza Corp. (NYSE: NZ). Shares of IBM climbed $1.27 to $131.46 while Netezza stock leaped $3.06 to $27.66.

French aerospace company Safran will pay approximately $1.09 billion to acquire biometrics firm L-1 Identity Solutions Inc. (NYSE: ID) sending the stock price soaring $1.93 to $11.63.

Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) reported upbeat results from a Phase III clinical trial of its low blood pressure treatment Northera lifting the stock price 92 cents to $5.98.

Shares of Allied Irish Banks plc (NYSE: AIB) tumbled 14 cents to close at $1.70 as the cost to insure Irish debt surged to a new record.

Massey Energy Co. (Nasdaq: MEE) blamed strict enforcement fo federal regulations after a mine explosion in April for warning of a loss for the third quarter. The stock price dropped $2.42 to close at $29.94.

Shares of Arena Pharmaceuticals Inc. (Nasdaq: ARNA) continued to plunge by plummeting $1.76 to close at $1.99 after a Food and Drug Administration advisory panel rejected the company's weight loss treatment Iorcaserin yesterday.

Seeking Alpha contributor Jeremy Richards said that Aeterna Zentaris Inc. (Nasdaq: AEZS) was undervalued and had a healthy pipeline of products lifting the stock price 23 cents to $1.36.

Oracle Corp. (Nasdaq: ORCL) impressed with higher first quarter earnings of 27 cents per share compared with 22 cents per share last year that beat analyst estimates as revenue soared. The stock price climbed $2.00 to $27.36.

Johnson & Johnson (NYSE: JNJ) entered negotiations to acquire biopharmaceutical Crucell NV (Nasdaq: CRXL) for approximately $2.29 billion. Shares of Johnson & Johnson edged up 6 cents to $61.35 while Crucell stock leaped $11.45 to $31.99.

Northland Securities initiated coverage of Quantum Corp. (NYSE: QTM) with an Outperform rating lifting the stock price 14 cents to close at $1.67.

American Equity Investment Life Holding Co. (NYSE: AEL) will offer $150 million in convertible senior notes. The stock price lost 87 cents to close at $10.00.

Pier 1 Imports Inc. (NYSE: PIR) reversed year ago losses of 17 cents per share last year to post a second quarter profit of 12 cents per share that topped analyst estimates as revenue rose. Shares of the specialty home furnishings retailer rose 52 cents to close at $8.48.

Cellu Tissue Holdings Inc. (NYSE: CLU) agreed to be acquired by Clearwater Paper in a deal valued at approximately $502 million sending the stock price soaring $3.94 to $11.87.

Barclays Capital analyst Brian Johnson upgraded Ford Motor Co. (NYSE: F) to an Outperform rating citing improving profits. Shares of the automaker rose 55 cents to $12.42.

Broadband access products company Occam Networks Inc. (Nasdaq: OCNW) will be acquired by rival Calix Inc. (NYSE: CALX) in a cash and stock deal valued at approximately $171 million. Shares of Occam surged $1.86 to $7.15 while Calix stock lost 83 cents to $12.47.

Bloomberg reported that Flagstar Bancorp Inc. (NYSE: FBC) may sell shares in order to raise $600 million sending the stock price down 22 cents to close at $1.90.

German solar inverter maker SMA Solar warned that margins will drop in 2011 sending shares of rival Power-One Inc. (Nasdaq: PWER) tumbling $1.49 to close at $9.67.

The Interior Department will require gas and oil companies to plug 3,500 wells in the Gulf of Mexico that have been idle for five or more years. Shares of offshore oilfield services providers Global Industries Ltd. (Nasdaq: GLBL) rose 68 cents to close at $5.63, Cal Dive International Inc. (NYSE: DVR) gained 82 cents to close at $5.74 and Tetra Technologies Inc. (NYSE: TTI) climbed $1.24 to close at $10.36.

Blogger John Hempton of Bronte Capital alleged that Universal Travel Group (NYSE: UTA) made fraudulent claims on their websites. Shares of the travel services provider tumbled $1.03 to $3.74.

FUQI International Inc. (Nasdaq: FUQI) expanded its jewelry showroom in Shenzhen, China and hosted a booth at the 2010 Shen Zhen International Jewelry Fair. The stock price climbed 85 cents to $5.89.

The Food and Drug Administration approved Savient Pharmaceuticals Inc.'s (Nasdaq: SVNT) chronic gout treatment Kyrstexxa sending the stock price soaring $4.66 to $19.42.

Level 3 Communications Inc. (Nasdaq: LVLT) will offer convertible senior notes to raise approximately $175 million. The stock price fell 21 cents to close at 95 cents.

The Food and Drug Administration will hold a public meeting to review Arena Pharmaceuticals Inc.'s (Nasdaq: ARNA) diet drug Iorcaserin on Thursday and to discuss safety concerns. Shares of the biopharmaceutical plummeted $2.72 to close at $4.13.

Radware Ltd. (Nasdaq: RDWR) signed Austrian Kapsch CarrierCom as a reseller partner to expand its global reach. Shares of the network security solutions firm leaped $10.72 to close at $38.59.

Delta Air Lines Inc. (NYSE: DAL) cited increasing travel demand for forecasting higher passenger revenue per available seat mile in the third quarter lifting the stock price 70 cents to $11.35.

A better than expected gain in August retail sales lifted shares of J. C. Penney Company Inc. (NYSE: JCP) $1.81 to $24.14.

Best Buy Co. Inc. (NYSE: BBY) reported sharply higher second quarter earnings of 60 cents per share compared with 37 cents per share a year earlier that beat analyst expectations by a wide margin and lifted its full year guidance. Shares of the consumer electronics retailer climbed $2.57 to $37.22.

Piper Jaffray downgraded water treatment equipment company Duoyuan Global Water Inc. (NYSE: DGW) sending the stock price plummeting $8.60 to close at $12.10.

Vista Partners initiated coverage of Opexa Therapeutics Inc. (Nasdaq: OPXA) with a price target of $4.40 sending the stock price soaring 48 cents to close at $1.58.

Sanford Bernstein analyst Rod Bourgeois downgraded Visa Inc. (NYSE: V) and slashed his price target from $93 to $77 saying that debit card reform will negatively impact revenue. The stock price tumbled $2.61 to close at $65.48.

Duoyuan Printing Inc. (NYSE: DYP) fired Deloitte Touche Tohmatsu as its independent accounting firm prompting the resignations of chief executive Christopher Holbert and chief financial officer William Suh. Shares of the printing solutions company plummeted $3.06 to $3.53.

Hewlett-Packard Co. (NYSE: HPQ) will pay approximately $1.5 billion to acquire security software firm ArcSight (Nasdaq: ARST). Shares of Hewlett-Packard eased 12 cents to $38.08 while ArcSight stock leaped $8.76 to $43.86.

Otix Global Inc. (Nasdaq: OTIX) accepted a $50 million cash acquistion offer from rival hearing aid manufacturer William Demant sending the stock price soaring $4.30 to $8.34.

An explosion from a PG&E Corp. (NYSE: PCG) gas transmission line in the city of San Bruno killed at least four people and destroyed 53 homes. The stock price plunged $4.03 to close at $44.21.

First quarter earnings surged nearly threefold for National Semiconductor Corp. (NYSE: NSM) from 13 cents per share a year earlier to 36 cents per share but the chipmaker forecast second quarter revenue below estimates sending the stock price down 82 cents to close at $12.08.

American Eagle Outfitters Inc. (NYSE: AEO) chairman Jay L. Schottenstein purchased nearly $6.8 million worth of common stock lifting the stock price 89 cents to close at $14.34.

The Food and Drug Administration completed its inspection of K-V Pharmaceutical Co.'s (NYSE: KV-A) facilities and approved the return of K-V's products to market after nearly two years sending the stock price soaring $1.24 to $2.93.

Second quarter earnings more than doubled for Lululemon Athletica Inc. (Nasdaq: LULU) to 30 cents per share from 13 cents per share a year earlier as revenue surged to surpass analyst expectations. Shares of the athletic apparel retailer surged $4.34 to $40.19.

Allos Therapeutics Inc. (Nasdaq: ALTH) will present data from a Phase 2b clinical trial of its lung cancer treatment Folotyn at the 35th European Society of Medical Oncology Congress in October. Shares of the biopharmaceutical rose 33 cents to $4.31.

Apple Inc. (Nasdaq: AAPL) announced that it will remove restrictions on the use of third party development tools which will now allow the use of Adobe Systems Inc.'s (Nasdaq: ADBE) Flash technology. Shares of Apple edged up 15 cents to close at $263.07 while Adobe stock soared $3.55 to close at $32.86.

Emmis Communications (Nasdaq: EMMS) founder and chief executive Jeffrey Smulyan withdrew his $2.40 per share offer to acquire the company. Shares of the radio station operator plunged 42 cents to close at $1.22.

Susquehanna Financial Group downgraded Skechers USA Inc. (Nasdaq: SKX) to a Neutral rating sending the stock price plummeting $3.32 to close at $23.02.

Spartech Corp. (NYSE: SEH) disappointed with a third quarter loss of 12 cents per share compared with income of 5 cents per share a year earlier. Shares of the plastic products maker plummeted $2.90 to $6.29.

The Securities and Exchange Commission launched an investigation into Fuqi International Inc. (Nasdaq: FUQI) for noncompliance with Nasdaq listing requirements. The stock price plunged $1.54 to $4.81.

Santarus Inc. (Nasdaq: SNTS) secured exclusive manufacturing and distributing rights to the approved prescription diabetes treatment Cycloset lifting the stock price 38 cents to $2.60.

Soleil Securities analyst Jake Fuller upgraded MGM Resorts International (NYSE: MGM) to a Buy rating citing increased bookings for conferences in Las Vegas. Shares of the casino operator rose 65 cents to close at $10.22.

JA Solar Holdings Co. Ltd. (Nasdaq: JASO) announced that it will supply a total of 500MW of mono-crystalline and multi-crystalline solar cells to several clients in 2011 sending the stock price up 76 cents to close at $7.24.

Chardan Capital Markets downgraded China Agritech Inc. (Nasdaq: CAGC) to a Sell rating sending the stock price plunging $3.05 to $12.83.

Digital solutions company Zoran Corp. (Nasdaq: ZRAN) will acquire cable set-top-box silicon tuner maker Microtune Inc. (Nasdaq: TUNE) in an all cash deal valued at approximately $166 million. Shares of Zoran lost 60 cents to $7.62 while Microtune stock climbed 46 cents to $2.93.

Bristol-Myers Squibb Co. (NYSE: BMY) will pay approximately $885 million to acquire biopharmaceutical ZymoGenetics Inc. (Nasdaq: ZGEN). Shares of Bristol-Myers edged up 31 cents to $26.92 while ZymoGenetics stock leaped $4.45 to $9.75.

The Rosen Law Firm initiated an investigation into China-Biotics Inc. (Nasdaq: CHBT) for possible federal securities law violations sending the stock price tumbling $1.40 to close at $10.65.

Casey's General Stores Inc. (Nasdaq: CASY) rejected Alimentation Couche-Tard's $38.50 per share acquistion offer to pursue a $40 per share cash offer from an unnamed suitor. The stock price soared $3.86 to close at $42.76.

GT Solar International Inc. (Nasdaq: SOLR) stockholder GT Solar Holdings will sell 10 million of its common shares sending the stock price down $1.02 to close at $7.76.

The Food and Drug Adminstration placed two of Idenix Pharmaceuticals Inc.'s (Nasdaq: IDIX) hepatitis C drugs on hold citing safety concerns. Shares of the biopharmaceutical plummeted $2.86 to $3.13.

Barclays Capital analyst C. J. Muse downgraded Brooks Automation Inc. (Nasdaq: BRKS) citing weak industry trends sending the stock price down 82 cents to $5.87.

China Sky One Medical Inc. (Nasdaq: CSKI) cut its full year guidance on Friday after market close citing the termination of relationships with several major distributors. The stock price plummeted $2.90 to $6.79.

Oclaro Inc. (Nasdaq: OCLR) will present at the Citi Technology Conference next Tuesday, September 7, 2010 sending the stock price soaring $1.89 to close at $13.11.

SeaChange International Inc. (Nasdaq: SEAC) reversed year ago losses of a penny per share to post a profit of 11 cents per share but the results fell short of expectations and the company forecast disappointing current quarter results. The stock price dropped $1.33 to close at $7.21.

Quiksilver Inc. (NYSE: ZQK) reported higher third quarter earnings of 6 cents per share compared with a penny per share last year but revenue fell to miss expectations sending the stock price down 47 cents to close at $3.63.

Celldex Therapeutics Inc. (Nasdaq: CLDX) and Pfizer Inc. (NYSE: PFE) ended their development and marketing agreement for Celldex's cancer vaccine rindopepimut. Shares of Celldex plummeted $1.52 to $3.26 while Pfizer stock edged up a penny to $16.41.

First quarter earnings fell for Finisar Corp. (Nasdaq: FNSR) to 24 cents per share from 62 cents per share in the year ago period but revenue climbed and the results topped analyst estimates. The stock price surged $2.11 to $15.72.

Ulta Salon, Cosmetics & Fragrance Inc. (Nasdaq: ULTA) reported higher second quarter earnings of 22 cents per share compared with 10 cents per share a year earlier and revenue that beat analyst expectations sending the stock price soaring $3.73 to $25.96.

Morgan Stanley upgraded Melco Crown Entertainment Ltd. (Nasdaq: MPEL) on news that overall gaming revenue in Macau soared 40% in August. The stock price gained 50 cents to close at $4.41.

Saks Inc. (NYSE: SKS) reported a 1% increase in same store sales. Shares of the luxury retailer climbed 80 cents to close at $8.22.

Pier 1 Imports Inc. (Nasdaq: PIR) reported that second quarter same store sales climbed 11.2% lifting the stock price $1.11 to close at $7.65.

Orexigen Therapeutics Inc. (Nasdaq: OREX) will receive $50 million upfront in a development and sales agreement with Takeda Pharmaceuticals for the obesity treatment Contrave. The stock price soared $1.03 to $5.62.

Private equity firm 3G Capital will acquire Burger King Holdings Inc. (NYSE: BKC) in a deal valued at approximately $4 billion, including the assumption of debt. Shares of the fast food restaurant chain leaped $4.57 to $23.43.

Sycamore Networks Inc. (Nasdaq: SCMR) swung to a fourth quarter profit of 2 cents per share compared with a loss of $1.23 per share last year as revenue rose sending the stock price soaring $4.85 to $27.07.

Local.com Corp. (Nasdaq: LOCM) entered an agreement with Yahoo Publisher Network to distribute paid search results lifting the stock price 44 cents to close at $3.84.

G-III Apparel Group Ltd. (Nasdaq: GIII) reversed year ago losses of 17 cents per share to post an unexpected profit for the second quarter of 15 cents per share. The company lifted its full year guidance sending the stock price soaring $3.87 to close at $28.01.

Human resources technology company Kenexa Corp. (Nasdaq: KNXA) offered $80 million in cash to acquire Salary.com (Nasdaq: SLRY). Shares of Kenexa rose 49 cents to $11.60 while Salary.com stock leaped $1.22 to $4.08.

Sunrise Senior Living Inc. (NYSE: SRZ) will receive $50 million from HCP in a settlement and restructuring agreement. The stock price leaped 93 cents to $3.14.

The Wall Street Journal reported that Burger King Holdings Inc. (NYSE: BKC) entered discussions with private equity firms for a possible sale of the fast food chain lifting the stock price $2.41 to $18.86.