Company News for July 14, 2011 - Corporate Summary
July 14 2011 - 5:10AM
Zacks
• Analysts at JP Morgan
(NYSE:JPM) highlighted the prospects of the internet sector in a
bullish note. Reacting to the development, shares prices of
LinkedIn Corp. (NYSE:LNKD) rose 8.41% to close at $107.87
• Shares of Titanium Metals Corp. (NYSE:TIE)
increased 7.02% after the company announced the extension of its
titanium supply agreement with Boeing Co. (NYSE:BA). According to a
regulatory filing, the company's outstanding shares came down after
it bought back some of its own stock
• Transcept Pharmaceuticals Inc. (NASDAQ:TSPT)
said the FDA will not allow the company to market its insomnia drug
Intermezzo. Following this development, shares of the bio-pharma
company dropped 42.49% to end the day’s trade at $4.94
• Kinetic Concepts Inc. (NYSE:KCI) announced that
a private-equity consortium consisting of Apax Partners and two
major Canadian pension funds have agreed to acquire the
medical-device maker in a deal worth $68.50 per share or $6.3
billion
• Shares of Investment Technology Group Inc.
(NYSE:ITG) lost 13.95% after the firm said it expects its second
quarter loss to come in between $4.62 to $5.18 per share. The
financial technology firm also announced plans of lowering costs by
cutting jobs
• Share prices of Glu Mobile Inc. (NASDAQ:GLUU)
gained 6.73% on news that Electronic Arts Inc. (NASDAQ:ERTS) has
acquired PopCap Games in a deal worth around $1.3 billion
• Clean Energy Fuels Corp. (NASDAQ:CLNE) shares
gained 12.80% after Chesapeake Energy Corp. (NYSE:CHK) announced on
Tuesday that it would invest $150 billion in Clean Energy Fuels
Corp. (NASDAQ:CLNE) over the next three years. These funds will
enable Chesapeake Energy to develop liquefied natural-gas
truck-fueling stations
• Analysts at Brean Murray Carret & Co.
initiated coverage on shares of InterMune Inc. (NASDAQ:ITMN) with a
"Buy" rating and set a target price of $50 on the stock
• Goldman Sachs' equity research analysts
downgraded Grupo Televisa SA (NYSE:TV) to "Sell" rating from
"Neutral" rating, cutting its target price for the stock to $21.50
from $24.50
BOEING CO (BA): Free Stock Analysis Report
CHESAPEAKE ENGY (CHK): Free Stock Analysis Report
CLEAN EGY FUELS (CLNE): Free Stock Analysis Report
ELECTR ARTS INC (ERTS): Free Stock Analysis Report
GLU MOBILE INC (GLUU): Free Stock Analysis Report
INVEST TECH-NEW (ITG): Free Stock Analysis Report
INTERMUNE INC (ITMN): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
KINETIC CONCPTS (KCI): Free Stock Analysis Report
TITANIUM METALS (TIE): Free Stock Analysis Report
TRANSCEPT PHARM (TSPT): Free Stock Analysis Report
GRUPO TELEVISA (TV): Free Stock Analysis Report
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