Company News: FCEL, C, GM, MELA, NVDA, YHOO, CVX, KFT, VDSI

• Share prices of FuelCell Energy, Inc. (NASDAQ:FCEL) advanced 25.24% after the power plant maker’s sales figures came in above analysts’ average estimates

• According to a report by Citi (NYSE:C) analysts, car sales of General Motors Co. (NYSE:GM – Analyst Report) could increase to 13.9 million units by next year

• Shares of diagnostic device developer MELA Sciences, Inc. (NASDAQ:MELA) gained 56.25% to close at $3.50 after the European Union approved the company’s diagnostic device which will help to detect skin cancer

• Chip makers NVIDIA Corp. (NASDAQ:NVDA) said its sales were growing at a faster pace than anticipated. Following this announcement, shares of the company rose 8.12% to close at $14.25

• Internet company Yahoo! Inc. (NASDAQ:YHOO) fired its CEO Carol Bartz and replaced her with company’s CFO Timothy Morse. According to a report in The Wall Street Journal, board members of Yahoo are open to selling the company to the right bidder

• Shares of oil and gas company Chevron (NYSE:CVX) increased 3.85% to close at $99.29 after the company said it has discovered an oil reserve in the Gulf of Mexico

• Shares of manufacturers of packaged food products Kraft (NYSE:KFT) increased 2.05% after the company said it is thinking of splitting itself into two different entities before the end of the next fiscal

• Analysts at Wunderlich Securities downgraded shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) from “Buy” rating to “Hold” rating.

Chevron (CVX): Free Stock Analysis Report

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