Company News: LVLT, GLBC, ENDP, AMMD, AA, MCP, JPM, BHP, FLO, TSTY, BIIB, THC, CYH

By Apr 12, 2011, 8:27 AM Author's Blog  

• Level 3 Communications (NASDAQ:LVLT) and Global Crossing Limited (NASDAQ:GLBC) have entered into a agreement under which Level 3 will acquire Global Crossing in a stock-for-stock transaction

• Endo Pharmaceuticals’ (NASDAQ:ENDP) said that it would buy urological medical device supplier American Medical Systems (NASDAQ:AMMD) for about $2.6 billion

• Alcoa (NYSE:AA) reported Q1 EPS of $0.28, ex-items, ahead of the Zacks Consensus Estimate of $0.27 per share. Revenues for the quarter rose 22% year-over-year to $6.0 billion, lower than the Zacks Consensus Estimate of $6.112 billion

• Share prices of Molycorp, Inc. (NYSE:MCP) increased 5% after JP Morgan (NYSE:JPM) raised its target price to $90 from $74

• Credit Suisse upgraded BHP Billiton (NYSE:BHP) to ‘Outperform’ from ‘Neutral’ rating. Share prices of BHP Billiton gained 1.34% to close at $102.68

• Flowers Food Inc. (NYSE:FLO) said it would pay $4 a share, or $34.4 million, for the packaged-sweets manufacturer Tasty Baking Co (NASDAQ:TSTY)

• Biotechnology company Biogen Idec Inc. (NASDAQ:BIIB) reported that its experimental multiple-sclerosis drug showed promising results in two late stage studies

• Tenet Healthcare Corp.(NYSE:THC) has filed a lawsuit against Community Health Systems Inc. (NYSE:CYH) claiming its rival hospital operator had improperly admitted patients to benefit financially.

TASTY BAKING (TSTY): Free Stock Analysis Report

  • SHARE:
  • Share on StockTwits

LEAVE A COMMENT

SPY195.41  chart+3.64  chart +1.90%
GOOG614.34  chart+16.55  chart +2.77%
AAPL112.34  chart+4.62  chart +4.29%
TSLA247.69  chart+9.06  chart +3.80%
TWTR27.82  chart+0.79  chart +2.92%
BBRY7.47  chart+0.13  chart +1.77%
NFLX105.44  chart-0.35  chart -0.33%
FB89.89  chart+2.66  chart +3.05%

Nikkei18095.40  chart-70.29  chart -0.39%
UK6083.31  chart+24.77  chart +0.41%
France4554.92  chart+13.76  chart +0.30%
Germany10048.05  chart+32.48  chart +0.32%

EUR / USD1.1224  chart-0.0087  chart -0.77%
GBP / USD1.5300  chart-0.0006  chart -0.04%
CAD / USD0.7538  chart-0.0007  chart -0.09%
AUD / USD0.7040  chart+0.0025  chart +0.36%

Gold Fut1132.20  chart-6.50  chart -0.57%
Oil Fut40.94  chart-0.20  chart -0.49%