NASDAQ Market News

Duff & Phelps Corporation (NYSE:DUF): The company has agreed to be taken private by a consortium led by Carlyle Group. The entire deal is worth $665.5 million and the company stock is valued at $15.55 per share. It is currently trading at $15.77, up 20.84 percent.

Research in Motion Limited (NASDAQ:RIMM): The Canadian telecom company announced the sale of NewBay unit as a part of its restructuring plans. The company had bought the unit for $100 million and the sales deal is reported to have been struck at $55.5 million.

Rite Aid Corporation (NYSE:RAD): The stock is trading $1.40, up 7.05 percent from its previous close of $1.31. Rite Aid Corporation posted its first profit in 21 quarters.

MannKind Corp. (NASDAQ:MNKD): This development stage biopharmaceutical company saw great insider interest. The company CEO and Chairman Alfred E Mann bought 40 million shares at the average purchase price of $2.59. The entire transaction was worth $103.6 million.

Herbalife Ltd. (NYSE:HLF): The stock is in the freefall after the news of hedge fund manager Bill Ackman shorting it. Herbalife stock fell to $34.33 in the current trading session and currently is at $35.89, down 3.89 percent from its previous close of $37.34.

US patent authorities rejected Apple’s Inc’s key “pinch-to-zoom” patent, the second piece of  bad news in the last two months for the iPhone maker in its battle against Samsung Electronics. The United States Patent and Trademark Office declared that the “pinch-to-zoom” patent, that helped Apple win $1.05 billion in damages against Samsung in a jury […]

A mob of angry users filled the spaces of social media sites today in reaction to new terms of service and privacy policies published by Instagram, a photo sharing application owned by Facebook, giving the service rights to use its users’ information and contents as a means of generating revenue. In an unadultered form, I […]

Usana Health Sciences Inc. (NYSE:USNA): The company stock is currently trading at $38.61, up 0.99 percent from its previous close. It opened at $38.18 and has traded in the range of $38.02 and $38.69 in the current trading session.

Clearwire Corporation (NASDAQ:CLWR): The company is all set to be acquired by Sprint Nextel and the stock plummeted down to $2.94. It is currently at $2.95, down 12.61 percent from its previous close of $3.37.

Evolution Petroleum Corp. (AMEX:EPM): The stock saw purchase interest from Lovoi John, the company’s 10 percent owner. Lovoi bought 165,000 shares for $1.306 million at the rate of $7.92 apiece.