Company News for April 12, 2011 - Corporate Summary
12 April 2011 - 7:10PM
Zacks
• 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
ALCOA INC (AA): Free Stock Analysis Report
AMER MED SYS (AMMD): Free Stock Analysis Report
BHP BILLITN LTD (BHP): Free Stock Analysis Report
BIOGEN IDEC INC (BIIB): Free Stock Analysis Report
COMMNTY HLTH SY (CYH): Free Stock Analysis Report
ENDO PHARMACEUT (ENDP): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis Report
GLOBAL CROSSING (GLBC): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
LEVEL 3 COMM (LVLT): Free Stock Analysis Report
MOLYCORP INC (MCP): Free Stock Analysis Report
TENET HEALTH (THC): Free Stock Analysis Report
TASTY BAKING (TSTY): Free Stock Analysis Report
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