Company News for July 01, 2011 - Corporate Summary
July 01 2011 - 5:10AM
Zacks
• Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC)
declined by 19.64% after the cancer drug developer said it was
selling Series 13 preferred stock worth $30 million
• Vitamin maker USANA Health Sciences Inc.’s
(NYSE:USNA) shares rose 7.90% after the company's projected
second-quarter profits came in above the Street's estimates
• The Board of directors of Worthington
Industries Inc. (NYSE:WOR) has authorized the repurchase of an
additional 10 million shares of the company. The metal processor
also increased its quarterly dividend payout to investors
• Share prices of Lockheed Martin (NYSE:LMT) rose
marginally after the defense supplier said it would initiate a
cost-cutting program by laying off 1500 employees in its
Aeronautics business area which will help increase the operational
efficiency of the company's products
• The U.S. Department of Energy granted
Arizona-based First Solar (NASDAQ:FSLR) conditional loan guarantees
worth $4.5 billion for three projects managed by the solar company.
Following this development, share prices of the photovoltaic
solar panel maker rose 2.20% to close at 132.27
• NetApp Inc.’s (NASDAQ:NTAP) shares rose 5.64% a
day after the storage-networking equipment provider
said the company has decided to repurchase common stock worth $200
million
• Analysts at Keybanc (NYSE:KEY) initiated
coverage on Corn Products International, Inc. (NYSE:CPO) with a
"Hold" rating
• Sterne Agee downgraded shares of Canadian yoga
wear chain Lululemon Athletica Inc. (NASDAQ:LULU) from "Buy" rating
to "Neutral" rating
• U.S.-listed shares of Lloyds Banking Group PLC
(NYSE:LYG) gained 10.25% after the British bank announced it was
reducing its employee count by 15,000
CORN PROD INTL (CPO): Free Stock Analysis Report
CELL THERAPEUT (CTIC): Free Stock Analysis Report
FIRST SOLAR INC (FSLR): Free Stock Analysis Report
KEYCORP NEW (KEY): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
LULULEMON ATHLT (LULU): Free Stock Analysis Report
LLOYDS BANK GRP (LYG): Free Stock Analysis Report
NETAPP INC (NTAP): Free Stock Analysis Report
USANA HLTH SCI (USNA): Free Stock Analysis Report
WORTHINGTON IND (WOR): Free Stock Analysis Report
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