Company News for July 12, 2011 - Corporate Summary
12 Julho 2011 - 6:10AM
Zacks
• Alcoa (NYSE:AA) posted Q2 EPS of $0.32, lower
than the Zacks Consensus Estimates of $0.34 per share. Revenues for
the quarter rose 27% year-over-year to $6.59 billion
• Swiss chemicals company Lonza Group (CH:LONN)
will buy biocide firm Arch Chemicals, Inc. (NYSE:ARJ) in deal
valued at $1.4 billion. Following this development, shares of Arch
Chemical gained 12.33%
• Share prices of Chinese electric motor vehicle
maker Kandi Technologies Corp. (NASDAQ:KNDI) increased 19.68% to
close at $2.19 after the company signed an agreement with Hangzhou
Electric Vehicle Service Co. The deal will enable the companies to
work together on a municipal government electric-vehicle pilot
program
• Reports on Friday said doctors in Sweden have
successfully replaced a cancer patient's trachea using stem cells.
Reacting to the news, shares of stem cell research company
Pluristem Therapeutics Inc. (NASDAQ:PSTI) gained 9.61%
• Concerns surrounding the debt situations in
Europe and the United States pulled down shares of financial giants
Citigroup Inc. (NYSE:C) by 1.36%
• Shares of News Corp. (NASDAQ:NWSA)
declined by 7.58%, making it one of the poorest performers of the
day for the S&P 500 Index. The shares of the media company fell
after allegations of phone hacking which will become a major hurdle
in its bid to acquire British Sky Broadcasting Group PLC
(PINK:BSYBY)
• Shareholders of NYSE Euronext (NYSE:NYX) gave
the green signal to the company's plan to merge with Deutsche
Boerse AG. However, according to reports the deal could face
regulatory obstacles
• Internet search engine company Local.com
(NASDAQ:LOCM) said it has acquired California-based Screamin' Media
Group for around $12 million in cash, stock and debt. Local.com
helps users to find local business and services on the web
• Analysts at Deutsche Bank (NYSE:DB) downgraded
Alcatel Lucent ADR (NYSE:ALU) to "Hold" rating from
"Buy" rating in a research note to investors
• Analysts at Jefferies initiated coverage on
shares of Dell (NASDAQ:DELL) with a "Hold" rating and a target
price of $17 on the shares of the company
ALCOA INC (AA): Free Stock Analysis Report
ALCATEL ADS (ALU): Free Stock Analysis Report
ARCH CHEMICALS (ARJ): Free Stock Analysis Report
BRITISH SKY BRO (BSYBY): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
DEUTSCHE BK AG (DB): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
LOCAL.COM CORP (LOCM): Free Stock Analysis Report
NEWS CORP INC-A (NWSA): Free Stock Analysis Report
NYSE EURONEXT (NYX): Free Stock Analysis Report
PLURISTEM THERA (PSTI): Free Stock Analysis Report
Zacks Investment Research
Arch Chemicals (NYSE:ARJ)
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