Company News for April 18, 2011 - Corporate Summary
18 Abril 2011 - 6:10AM
Zacks
• Chesapeake Energy Corp's. (NYSE:CHK) share prices gained
0.25% after it announced plans to buy Bronco Drilling Co.
(NASDAQ:BRNC) for $11 a share. The purchase price represents a 24%
premium over Bronco’s average 90-day closing price
• A report from Bloomberg cited that eBay Inc.
(NASDAQ:EBAY) gains in its bid to grow its business in China
• Share prices of French chip company Sequans
Communications (NYSE:SQNS) fell 17.5% to close at $8.25 on its
first day of trading on the New York Stock Exchange
• Share prices of Bank of America (NYSE:BAC) fell 2.36%
after the banking giant reported a 36% decline in first-quarter
profits as the foreclosures crisis continued to squeeze its home
loan business. Bank of America is the largest U.S. bank by
assets
• Shares of Merck (NYSE:MRK) rose 1.92% to $34.51 after the
pharmacy company announced early on Friday that it has reached a
deal with Johnson & Johnson (NYSE:JNJ) which will allow it to
retain some of the marketing rights to the lucrative rheumatoid
arthritis drug Remicade
• According to Amylin and partners, Alkermes, Inc.
(NASDAQ:ALKS) and Eli Lilly & Co. (NYSE:LLY), an EU regulatory
panel has recommended that their diabetes drug Bydureon be approved
and the final decision regarding the matter is expected within
three months
• Analysts at Citigroup (NYSE:C) upgraded Finish Line Inc
(NASDAQ:FINL) to "Buy" from “Hold” rating and increased the price
target from $22 to $25
• Susquehanna analysts upgraded Rosetta Resources Inc.
(NASDAQ:ROSE) to a “Neutral” rating with a target price of $50.00
per share
• RBC Capital Markets upgraded RHINO RESOURCES INC.
(NYSE:RNO) to "Outperform" form "Sector perform" with a price
target of $28
ALKERMES INC (ALKS): Free Stock Analysis Report
BANK OF AMER CP (BAC): Free Stock Analysis Report
BRONCO DRILLING (BRNC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
CHESAPEAKE ENGY (CHK): Free Stock Analysis Report
EBAY INC (EBAY): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
LILLY ELI & CO (LLY): Free Stock Analysis Report
MERCK & CO INC (MRK): Free Stock Analysis Report
RHINO RESOURCES (RNO): Free Stock Analysis Report
ROSETTA RESRCS (ROSE): Free Stock Analysis Report
Zacks Investment Research
Bronco Drilling Company, Inc. (MM) (NASDAQ:BRNC)
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