March 2011 Archives
The compensation package for Eastman Kodak Co. (NYSE: EK) chief executive Antonio Perez plunged 66% on 2010. Shares of the imaging technology company slipped 24 cents to close at $3.23.
Meritor (NYSE: MTOR) blamed rising steel prices for cutting its second quarter earnings outlook. Shares of the auto parts supplier plunged $3.05 to close at $16.97.
Investors locked in profits on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), whose shares surged yesterday in its market debut. The stock price plummeted $4.41 to close at $29.59.
General Maritime Corp. (NYSE: GMR) priced its public offering of 23 million common shares at $2.00 per share weighing the stock price down 11 cents to close at $2.05.
Morgan Stanley upgraded Tesla Motors Inc. (Nasdaq: TSLA) to an Overweight rating with a price target of $70. The stock price leaped $4.04 to close at $27.75.
China Energy invested $83.8 million in Synthesis Energy Systems Inc. (Nasdaq: SYMX) sending the stock price soaring 78 cents to close at $2.83.
Bank of Ireland (NYSE: IRE) stock will be suspended from trading tomorrow to prevent panic selling when stress test results are released. The stock price lost 8 cents to close at $1.75.
Shares of Horizon Lines Inc. (NYSE: HRZ) continued falling by losing 35 cents to close at $1.27 over bankruptcy concerns.
Acxiom Corp. (Nasdaq: ACXM) president and chief executive officer John Meyer resigned effective Monday March 28 and chief financial officer Christopher W. Wolf will resign in the second quarter of the calendar year. Shares of the marketing technology firm plummeted $3.96 to close at $13.50.
The Food and Drug Administration will not exercise enforcement against pharmacies that compound K-V Pharmaceutical Co.'s (NYSE: KVA) pre-term birth drug Makena. The stock price tumbled $1.80 to $5.31.
Seeking Alpha contributor Variant View Research said that Advanced Battery Technologies Inc. (Nasdaq: ABAT) transferred ownership of subsidiary Heilongjiang ZhongQiang Power-Tech to chairman Fu Zhiguo and reports unrealistic margins. The stock price plummeted $1.47 to $2.04.
Valeant Pharmaceuticals International (NYSE: VRX) made an unsolicited $73 per share bid for Cephalon Inc. (Nasdaq: CEPH). Shares of Valeant leaped $4.92 to $49.31 while Cephalon stock surged $16.55 to $75.30.
Investors locked in profits on Eastman Kodak Co. (NYSE: EK), whose shares surged the last two days after the International Trade Commission agreed to review a patent suit the company filed against Apple Inc. (Nasdaq: AAPL) and Research In Motion Ltd. (Nasdaq: RIMM). Shares of Eastman Kodak slipped 18 cents to close at $3.40 while Apple stock added 52 cents to close at $350.96. Research In Motion stock climbed $1.06 to close at $57.05.
A123 Systems Inc. (Nasdaq: AONE) lowered its first quarter revenue guidance saying that one of their Japanese suppliers has suspended operations in the aftermath of the devastating earthquake and tsunami. The stock price dropped $1.05 to close at $6.77.
Seeking Alpha contributor Engineer Broker wrote that Molycorp Inc. (NYSE: MCP) may increase production by as much as 33% in 2011 sending the stock price soaring $4.14 to close at $59.65.
FelCor Lodging Trust Inc. (NYSE: FCH) priced its public offering of 24 million common shares at $6.00 per share. Shares of the real estate investment trust fell 56 cents to $5.90.
The three largest shareholders of Hertz Global Holdings Inc. (NYSE: HTZ) will sell 50 million shares of common stock sending the stock price down 81 cents to $15.46.
CreXus Investment Corp. (NYSE: CXS) rejected an unsolicited acquisition offer from Starwood Property Trust and will proceed with an offering of 50 million common shares to raise approximately $575 million. The stock price lost 80 cents to $11.35.
Marriott International Inc. (NYSE: MAR) said that growth of revenue per available room in North America was lower than expected. Shares of the casino operator dropped $2.36 to close at $35.30.
The Rosen Law Firm filed a class action lawsuit against China Integrated Energy Inc. (Nasdaq: CBEH) for issuing materially false and misleading financial statements sending the stock price tumbling $1.10 to close at $2.66.
Goldman Sachs analyst Tim Boddy upgraded Nokia Corp. (NYSE: NOK) to a Buy rating with a $12.40 price target lifting the stock price 39 cents to close at $8.74.
eBay Inc. (Nasdaq: EBAY) will pay approximately $2.4 billion to acquire GSI Commerce Inc. (Nasdaq: GSIC). Shares of eBay lost 87 cents to $30.83 while GSI stock leaped $9.65 to $29.03.
Goldman Sachs upgraded Alcatel-Lucent (NYSE: ALU) to a Buy rating citing the company's improved business mix. The stock price gained 44 cents to $5.78.
The International Trade Commission agreed to review a patent infringement case that Eastman Kodak Co. (NYSE: EK) filed against Apple Inc. (Nasdaq: AAPL) and Research in Motion Limited (Nasdaq: RIMM). Shares of Eastman Kodak rose 31 cents to $3.71 while Apple stock gained $1.79 to $353.33. Research in Motion stock lost 53 cents to $56.36.
Wells Fargo Securities initiated coverage of Belo Corp. (NYSE: BLC) with an Outperform rating lifting the stock price 93 cents to close at $8.49.
Wet Seal Inc. (Nasdaq: WTSLA) reported fourth quarter earnings of 5 cents per share compared with 73 cents per share a year earlier to top analyst estimates. The teen apparel retailer forecast strong current quarter earnings as well to lift the stock price 46 cents to close at $4.01.
HealthSpring Inc. (NYSE: HS) priced its offering of 7.5 million common shares at $35.95 per share sending its stock price down $1.37 to close at $36.60.
Shares of ServiceSource (Nasdaq: SREV) surged $2.75 to $12.75 in its market debut.
A decision will be made today in Eastman Kodak Co.'s (NYSE: EK) patent infringement suit against Apple Inc. (Nasdaq: AAPL) and Research in Motion Limited (Nasdaq: RIMM). Shares of Eastman Kodak rose 27 cents to $3.40 while Apple stock climbed $5.51 to $350.48. Research in Motion stock plunged $7.29 to $56.80.
Fourth quarter earnings more than tripled for Biostar Pharmaceuticals Inc. (Nasdaq: BSPM) to 22 cents per diluted share compared with 7 cents per diluted share a year earlier as revenue surged. The stock price soared 47 cents to $2.69.
Red Hat Inc. (NYSE: RHT) reported higher fourth quarter earnings of 17 cents per share compared with 12 cents per share in the year ago period and revenue that surpassed analyst estimates. The stock price leaped $7.29 to close at $47.26.
Shares of U. S. miner Molycorp Inc. (NYSE: MCP) soared $3.58 to close at $55.28 after China announced a $9 per ton tax on Chinese rare earth producers.
BMO Capital lifted its 2011 earnings estimate for Las Vegas Sands Corp. (NYSE: LVS) from $1.72 per share to $1.92 per share. The stock price climbed $2.91 to close at $41.94.
Fourth quarter earnings fell for Best Buy Co. (NYSE: BBY) to $1.62 per share from $1.82 per share last year as weak consumer electronics sales weighed down revenue. The retailer forecast 2012 income below expectations sending the stock price down $1.38 to $30.47.
Talbots Inc. (NYSE: TLB) reported a loss for the fourth quarter that was smaller than expected of 4 cents per share compared with income of 7 cents per share a year earlier. Shares of the women's apparel retailer climbed $1.17 to $5.97.
Walgreen Co. (NYSE: WAG) will acquire drugstore.com Inc. (Nasdaq: DSCM) in an all cash deal valued at approximately $429 million. Shares of Walgreen edged up 15 cents to $39.98 while drugstore.com stock more than doubled by leaping $1.99 to $3.78.
Seeking Alpha contributor David Trainer wrote that Eastman Kodak Co.'s (NYSE: EK) underfunded pension liability of $2.6 billion could potentially bankrupt the company sending the stock price down 22 cents to close at $3.02.
Record gold prices lifted shares of Harmony Gold Mining Co. Ltd. (NYSE: HMY) $1.03 to close at $13.49, US Gold Corp. (NYSE: UXG) 86 cents to close at $8.61 and Hecla Mining Co. (NYSE: HL) 55 cents to close at $9.26.
RAM Energy Resources Inc. (Nasdaq: RAME) will hold its annual stockholders meeting on May 5, 2011 at the Westin New York at Times Square Hotel at 10am. The stock price rose 21 cents to close at $2.09.
Xoma Ltd. (Nasdaq: XOMA) reported that its Type 2 diabetes treatment Xoma 052 failed a Phase 2b clinical trial sending the stock price tumbling $1.45 to $3.57.
Cree Inc (Nasdaq: CREE) blamed soft demand and weak prices for lowering its third quarter revenue guidance. Shares of the LED products company plummeted $5.80 to $43.20.
Second quarter earnings surged to 25 cents per diluted share compared with 14 cents per diluted share last year for Jabil Circuit Inc. (NYSE: JBL) to surpass analyst expectations. The company forecast current quarter results ahead of estimates sending the stock price soaring $2.03 to $20.96.
Carnival Corp. (NYSE: CCL) disappointed with lower first quarter earnings of 19 cents per share compared with 22 cents per share a year earlier and cut its full year outlook to fall below analyst expectations. Shares of the cruise line operator dropped $1.85 to close at $39.16.
Soaring prices of rare earth metals lifted shares of Molycorp Inc. (NYSE: MCP) $7.89 to close at $52.57.
Chimera Investment Corp. (NYSE: CIM) announced a quarterly dividend of 14 cents per common share payable on April 28, 2011 to shareholders of record March 31, 2011. The dividend is lower than the previous dividend sending the stock price down 18 cents to close at $4.10.
Investco Mortgage Capital Inc. (NYSE: IVR) will offer 19 million common shares. The stock price fell 90 cents to $21.27.
Walgreen Co. (NYSE: WAG) reported higher second quarter earnings of 80 cents per share compared with 68 cents per share a year earlier that were in line with analyst expectations but the stock price plunged $2.37 to $39.60. Investors were expecting results to beat estimates.
Shares of Prana Biotechnology Ltd. (Nasdaq: PRAN) continued climbing by soaring $1.01 to $3.71 after announcing yesterday that its PBT2 repaired damage in brains affected by Alzheimer's disease.
Bargain hunters lifted shares of nuclear energy company Cameco Corp. (NYSE: CCJ) $2.31 to close at $31.71.
Sterne Agee analyst Vijay Rakesh upgraded Qualcomm Inc. (Nasdaq: QCOM) to a Buy rating. The stock price climbed $1.92 to close at $53.63.
Prana Biotechnology Ltd. (Nasdaq: PRAN) announced that its PBT2 repaired damage in Alzheimer's affected brains. The stock price leaped $1.23 to close at $2.70.
Raymond James downgraded cellphone tower companies American Tower Corp. (NYSE: AMT), Crown Castle (NYSE: CCI) and SBA Communications (Nasdaq: SBAC) saying that the AT&T acquisition of T-Mobile may lower the need for cell sites. Shares of American Tower tumbled $3.62 to $47.00 while Crown Castle stock fell $1.87 to $37.29. The stock price of SBA plunged $3.59 to $37.01.
Shares of Sprint Nextel (NYSE: S) dropped 81 cents to $4.25 after AT&T (NYSE: T) announced a $39 billion stock and cash deal to acquire T-Mobile. AT&T stock rose 42 cents to $28.36.
optionsXpress Holdings Inc. (NYSE: OXPS) will be acquired by Charles Schwab (NYSE: SCHW) in an all stock deal valued at approximately $1 billion. Shares of optionsXpress leaped $2.32 to $17.65 while Charles Schwab stock eased 2 cents to $17.54.
Jennings Capital analyst Alka Singh expects global uranium demand to increase despite possible radiation exposure in Japan after the massive earthquake damaged cooling systems at a nuclear power plant. Shares of Uranium Resources Inc. (Nasdaq: URRE) climbed 54 cents to close at $2.17.
Nike Inc. (NYSE: NKE) blamed higher expenses for third quarter earnings that fell short of analyst expectations and warned that increased costs will continue to negatively impact earnings. Shares of the athletic apparel and equipment company plummeted $7.82 to close at $77.59.
Shares of cigarette maker Lorillard Inc. (NYSE: LO) surged $8.33 to close at $87.11 after The Bedford Report said that despite a recession, cigarette companies continued paying dividends.
LDK Solar Co. Inc. (NYSE: LDK) reversed year ago losses of 22 cents per American Depositary Share to post a better than expected profit for the fourth quarter of $1.09 per ADS but investors were disappointed that the company merely affirmed its 2011 revenue guidance rather than raising its outlook. The stock price fell $1.02 to $11.48.
Quest Diagnostics Inc. (NYSE: DGX) will pay a premium of $8 per share in cash to acquire genetic diagnostics firm Celera Corp. (Nasdaq: CRA). Shares of Quest lost 90 cents to $53.30 while Celera stock leaped $1.99 to $8.26.
Guess Inc. (NYSE: GES) reported higher fourth quarter earnings that topped analyst estimates of $1.11 per share compared with 93 cents per share last year but the apparel company forecast first quarter results well below expectations sending the stock price plummeting $6.16 to close at $37.71.
Flotek Industries Inc. (NYSE: FTK) narrowed losses for the year ended December 31, 2010 to $1.94 per share compared with a loss of $2.68 per share a year earlier as revenue increased. The stock price surged $1.60 to $6.87.
United Community Banks Inc. (Nasdaq: UCBI) will raise $380 million through the sale of 22.5% of the company to institutional investors. The stock price soared 45 cents to close at $1.98.
Shares of Cornerstone OnDemand Inc. (Nasdaq: CSOD) surged $6.54 to $19.54 on its first trading day.
General Maritime Corp. (NYSE: GMR) warned of significant fourth quarter losses and delayed filing its annual report while the company attempts to restructure or refinance existing credit facilities. The stock price plunged 60 cents to $1.91.
Star Scientific Inc. (Nasdaq: CIGX) announced the election of former chairman and chief executive of Circuit City and Carmax Richard L. Sharp to Star Scientific's board of directors. The stock price rose 35 cents to $3.25.
BPZ Resources Inc. (NYSE: BPZ) disappointed with a loss for the fourth quarter of 9 cents per share compared with a loss of 9 cents per share last year despite higher revenue as expenses climbed. The stock price fell 61 cents to close at $5.38.
Pacific Sunwear of California Inc. (Nasdaq: PSUN) reported a wider than expected loss for the fourth quarter of 53 cents per share compared with a loss fo 56 cents per share in the year ago period as revenue dropped. The stock price lost 60 cents to close at $3.71.
FBR Capital downgraded Hercules Offshore Inc. (Nasdaq: HERO) to an Underperform rating sending the stock price down 50 cents to $5.25.
Shares of YRC Worldwide Inc. (Nasdaq: YRCW) continued falling by dropping 48 cents to $1.57 after warning yesterday that it may have to file for bankruptcy for missing a restructuring milestone.
Online Resources Corp. (Nasdaq: ORCC) widened fourth quarter losses to 6 cents per share from 4 cents per share a year earlier as revenue slipped prompting a downgrade. The stock price plummeted $1.99 to $4.06.
Negative reviews of THQ Inc.'s (Nasdaq: THQI) just released Homefront video game sank shares of the entertainment software company $1.25 to close at $4.69.
Impax Laboratories Inc. (Nasdaq: IPXL) reported upbeat results in a late stage clinical trial of its Parkinson's disease treatment IPX066 sending the stock price soaring $3.45 to close at $25.52.
Broadwind Energy Inc. (Nasdaq: BWEN) was selected by Goldwind USA to supply approximately 70 wind turbines for installation in Lee County, Illinois. The stock price rose 13 cents to close at $1.38.
Uranium Resources Inc. (Nasdaq: URRE) stock continued falling by losing 25 cents to $1.50 over fears Japan will seek alternatives to nuclear power after a massive earthquake damaged the cooling systems at nuclear power plants.
Concerns that radiation exposure will spark a backlash against nuclear power lifted shares of solar power companies First Solar Inc. (Nasdaq: FSLR) $8.27 to $155.18 and SunPower Corp. (Nasdaq: SPWRA) $1.56 to $16.06.
Shares of Star Scientific Inc. (Nasdaq: CIGX) continued rising by adding 53 cents to close at $3.48 after the U. S. Patent and Trademark Office upheld two of the tobacco company's patents on Friday.
D. A. Davidson analyst John Rogers cited concerns about Shaw Group Inc.'s (NYSE: SHAW) nuclear power plant construction and equipment business for downgrading the engineering firm. The stock price plunged $3.54 to close at $34.87.
A second explosion at a nuclear power plant in Japan lifted shares of solar stocks Trina Solar Ltd. (NYSE: TSL) $2.25 to $26.48 and LDK Solar Co. Ltd. (NYSE: LDK) 85 cents to $11.49 on speculation that the Japanese government may seek alternative energy sources.
Warren Buffett's Berkshire Hathaway will acquire Lubrizol Corp. (NYSE: LZ) in an all cash deal valued at approximately $9.7 billion. Shares of the specialty chemical company leaped $28.63 to $134.07.
AnnTaylor Stores Corp. (NYSE: ANN) reported higher fourth quarter earnings that topped analyst estimates of 14 cents per share compared with break even last year as revenue climbed. Shares of the women's apparel retailer leaped $3.08 to close at $27.29.
Leonard Green & Partners offered $19.09 per share to take 99 Cents Only Stores (NYSE: NDN) private. The stock price surged $2.90 to close at $19.58.
Japan's second largest toy company Tomy will pay $27.90 per share in cash to acquire U. S. toy maker RC2 Corp. (Nasdaq: RCRC). Shares of RC2 soared $2.97 to $28.48.
AK Steel Holding Corp.'s (NYSE: AKS) coke plants in Kentucky and Ohio received awards from the American Coke and Cola Chemicals Institute for outstanding safety performance lifting the stock price 82 cents to $15.44.
Canadian Solar Inc. (Nasdaq: CSIQ) reversed year ago losses of 38 cents per share to post a profit for the fourth quarter of 58 cents per share but the results fell short of expectations. The stock price tumbled $2.48 to close at $11.22.
Fourth quarter earnings dropped for Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) to 8 cents per share from 20 cents per share in the year ago period but the results surpassed analyst expectations. The stock price rose 68 cents to close at $7.58.
Pentwater Capital Management plans to nominate three candidates to the Board of Directors of Leap Wireless International Inc. (Nasdaq: LEAP) lifting the stock price $1.19 to close at $13.69.
The Food and Drug Administration approved Human Genome Sciences Inc.'s (Nasdaq: HGSI) lupus treatment Benlysta, the first new medication to be approved for lupus in more than 50 years. The stock price surged $3.54 to $29.22.
Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) will offer Starbucks (Nasdaq: SBUX) coffee for its single serve Keurig system. Shares of Green Mountain leaped $17.35 to $60.99 while Starbucks stock soared $3.25 to $37.79.
Eastman Kodak Co. (NYSE: EK) will offer $200 million of senior secured notes through a private placement lifting the stock price 19 cents to close at $3.37.
Majesco Entertainment Co. (Nasdaq: COOL) reported sharply higher first quarter earnings of 18 cents per share compared with 10 cents per share in the year ago period as revenue surged. Shares of the video game company surged 59 cents to close at $2.25.
Hercules Offshore Inc. (Nasdaq: HERO) reported a loss for the fourth quarter that was narrower than expected of 74 cents per diluted share compared with a loss of 23 cents per diluted share in the year ago period. The stock price rose 59 cents to $5.99.
Shares of JDS Uniphase Corp. (Nasdaq: JDSU) plummeted $3.67 to $21.71 after rival optical equipment maker Finisar Corp. (Nasdaq: FNSR) issued a disappointing outlook for the fourth quarter that fell far short of analyst expectations. Finisar stock plunged $14.57 to $25.47.
K-V Pharmaceutical Co. (NYSE: KVA) announced a patient assistance program for Makena, a treatment to reduce the risk of preterm birth. The stock price leaped $3.06 to close at $13.07.
Broadsoft Inc. (Nasdaq: BSFT) reported sharply higher fourth quarter earnings that surpassed analyst expectations by a wide margin of 41 cents per share compared with 5 cents per share in the year ago period. Shares of the voice over Internet protocol company jumped $12.60 to close at $47.50.
Easing crude oil prices lifted shares of Delta Air Lines Inc. (NYSE: DAL) 76 cents to $10.85 and US Airways Group Inc. (NYSE: LCC) 78 cents to $9.07.
Ford Motor Co. (NYSE: F) recalled approximately 24,000 Ranger pickup trucks for possible leakage of their fuel systems. Shares of the automaker lost 41 cents to close at $14.01.
Shares of Advanced Micro Devices Inc. (NYSE: AMD) fell 39 cents to close at $8.84 and Micron Technology (Nasdaq: MU) dropped 61 cents to close at $11.03 after Wells Fargo Securities analyst David Wong downgraded the semiconductor sector.
James River Coal Co. (Nasdaq: JRCC) will pay approximately $475 million in cash to acquire International Resource Partners lifting the stock price $2.96 to close at $23.21.
Western Digital Corp. (NYSE: WDC) will purchase the hard disk drive business of Hitachi in a cash and stock deal valued at approximately $4.3 billion. The stock price surged $3.59 to $33.60.
Accuray Inc. (Nasdaq: ARAY) will pay approximately $277 million in cash and stock to acquire TomoTherapy Inc. (Nasdaq: TOMO). Shares of Accuray fell $1.00 to $9.01 while TomoTherapy stock climbed 89 cents to $4.56.
BioSante Pharmaceuticals Inc. (Nasdaq: BPAX) announced a registered direct offering of approximately 12.2 million common shares sending the stock price down 17 cents to close at $1.98.
Agilent Technologies Inc. (NYSE: A) will present at the Media Briefing at Pittcon on March 14, 2011 and at the Barclays Capital 2011 Global Healthcare Conference on March 16, 2011. The stock price soared $3.93 to close at $46.75.
Shares of Alcatel-Lucent (NYSE: ALU) continued rising by adding 29 cents to close at $5.66 over yesterday's rumor that a Chinese firm was considering acquiring the telecommunications equipment maker.
JDS Uniphase Corp. (Nasdaq: JDSU) will present its optical communications and communications test and measurement portfolio solutions at the Optical Fiber Communication Conference/National Fiber Optics Engineers Conference in Los Angeles next week. The stock price climbed $1.89 to $27.03.
Wendy's/Arby's Group Inc. (NYSE: WEN) narrowed fourth quarter losses and suggested that selling its Arby's brand would positively impact earnings sending the stock price up 36 cents to close at $5.10.
USA Technologies Inc. (Nasdaq: USAT) announced a record 6.4 million small-ticket transactions representing $10.3 million processed in February 2011. The stock price surged 72 cents to close at $2.50.
ZAGG Inc. (Nasdaq: ZAGG) introduced a complete line of accessories for Apple Inc.'s (Nasdaq: AAPL) new iPad 2. Shares of ZAGG climbed $1.22 to $8.29 while Apple stock soared $6.10 to $358.22.
BioSante Pharmaceuticals Inc. (Nasdaq: BPAX) reported positive results from a Phase II trial of its pancreatic cancer vaccine lifting the stock price 23 cents to $2.26.
Six Delta Air Lines Inc. (NYSE: DAL) flight attendants who formerly worked for Northwest Airlines sued Delta after receiving lower profit sharing checks due to a union dispute sending the stock price down 46 cents to close at $10.15.
Royale Energy Inc. (Nasdaq: ROYL) sold certain assets in Kern County, California but retained royalty on the acreage. The stock price climbed $1.17 to close at $7.83.
American International Group Inc. (NYSE: AIG) will sell its stake in MetLife Inc. (NYSE: MET) for approximately $10 billlion in order to repay the government. AIG stock rose 60 cents to close at $37.30 while shares of MetLife tumbled $2.63 to close at $43.41.
Weatherford International Ltd. (NYSE: WFT) must restate earnings from 2007 through 2010 by approximately $500 million sending the stock price tumbling $2.12 to $21.40.
ReneSola Ltd. (NYSE: SOL) reversed year ago losses of 33 cents per American Depositary Share to post a profit for the fourth quarter of 69 cents per American Depositary Share but forecast 2011 results below expectations due to increased competition. Shares of the solar products company tumbled $1.85 to close at $9.20.
Central European Distribution Corp. (Nasdaq: CEDC) blamed increased impairment charges for widening fourth quarter losses. Shares of the alchoholic beverages firm plummeted $8.52 to close at $14.33.
The U. S. government awarded Novavax Inc. (Nasdaq: NVAX) a contract valued at up to $179 million to develop pandemic and seasonal recombinant flu vaccines. Novavax also licensed its proprietary recombinant virus-like-paricle vaccine technology to LG Life Sciences to develop and commericialize vaccines in South Korea. The stock price climbed 36 cents to close at $2.96.
Las Vegas Sands Corp. (NYSE: LVS) received a subpoena from the Securities and Exchange Commission for documents related to compliance with the Foreign Corrupt Practices Act sending the stock price tumbling $3.36 to $43.29.
RBC Capital Markets cited new products for upgrading Boston Scientific Corp. (NYSE: BSX). The stock price rose 44 cents to $7.60.