Shares of Celldex Therapeutics Inc. (NASDAQ: CLDX), a biopharmaceutical company engaged in the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases, surged in trading on Friday.
Continue reading Major Movers on July 5; CLDX, ARR, FBP, MDC
Sterne Agee upgraded the pawnbroker, EZCORP Inc. (NASDAQ: EZPW) to “buy” from “neutral” on Wednesday.
Continue reading Sterne Agee Upgrades EZCORP, Shares Rally (EZPW)
As a part of its broader strategy to sell assets worth $7 billion this year to strengthen its balance sheet, Chesapeake Energy Corp. (NYSE: CHK) announced on Wednesday that it will sell part of its assets (Eagle Ford and Haynesville Shales) to Exco Resources Inc. (NYSE: XCO) for $1 billion. The move will bring much needed cash at a time when Chesapeake just like any other gas and energy company is reeling under pressure due to low prices amid supply glut. The deal is expected to close by end of this month.
Continue reading Exco Resources to Buy Chesapeake Assets Worth $1 Billion (CHK, XCO)
Shares of Linn Energy LLC (NASDAQ: LINE) slumped about 7.70% in early trade. The oil and energy company late last evening said that the Securities and Exchange Commission (SEC) was conducting an “informal” inquiry both its acquisition deal with Berry Petroleum, which it agreed to acquire in February and accounting.
Continue reading Major Movers on July 3; LINE, AA, AN, RHI, FTNT
Toy maker, Hasbro Inc. (NASDAQ: HAS) and video game console maker, Electronic Arts Inc. (NASDAQ: EA) announced on Tuesday that the both companies have entered in a 4-year agreement, under which, Electronic Arts will create former’s best-selling games for mobile platform.
Continue reading Electronic Arts, Hasbro Enters in a 4-Year Deal (HAS, EA)
In a move which will help the company to further cement its foothold in the mobile app world, Internet Company, Yahoo Inc. (NASDAQ: YHOO) announced on Tuesday that it has bought Qwiki Inc., a New York-based startup which makes mobile apps for making videos on iPhone, according to All Things D.
Continue reading Yahoo Acquires iPhone Video App Qwiki (YHOO)
Shares of Cleantech Solutions Inc. (NASDAQ: CLNT) skyrocketed 26% in early trade. The Company provided upbeat guidance for the fiscal 2013. Based on current orders and anticipated orders, Cleantech expects net income to be in the range of $8 million to $8.5 million on revenue range of $60 million to $62 million.
Continue reading Major Movers on July 2; CLNT, ACHN, SHLM, ZNGA, CLDX
Globally renowned value investor, Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK.A) was rated as the world’s most respected company by Barron’s in its 2013 survey. Continue reading Warren Buffett’s Berkshire Hathaway Crowned as the World’s Most Respected Company by Barron’s (BRK.A, AAPL, DIS, GOOG)
Kohl’s Corporation (NYSE: KSS) Director, Ximena G. Humrichouse recently bought 2,568 shares of KSS for $50.22 per share, according to a SEC filing made last week. Humrichouse made a total investment of $128,691.
Continue reading Kohl’s Corporation Director Buys 2,568 Shares (KSS)
Shares of Steinway Musical Instruments Inc. (NYSE: LVB) have surged today after the company agreed to be acquired by private equity firm Kohlberg & Company. Continue reading Steinway Musical Instruments to Be Acquired by Private Equity Firm (LVB)