November 1, 2010 by Post Team
Alere Inc. (ALR U.S.) fell 7.6 percent to 27.30 and after sinking as much as 19 percent, the intraday since 8 June. The company, which offers patient diagnosis, monitoring and management of health services, reduced its full-year profit forecast to 2.50 per share, and 2.60 per share. The average estimate ofanlysts surveyed by Bloomberg was and 2.56.
Avanir Pharmaceuticals Inc. (AVNR U.S.) more than doubled and of 5.10 for the biggest gain in the Russell 2000 Index. The drug maker’s goal of price rose to 15 and Jefferies & Co.anlyst Andrew Fein equity. Avanir therapy to laugh or mourn without control in patients with neurological won U.S. approval, the Food and Drug Administration said.
Baker Hughes Inc. (BHI U.S.) increased more in the Standard & Poor’s 500, rising 5.7 percent to 48.96 y. The global provider of oilfield services, the third largest published its third-quarter profit, excluding some items of 54 cents per share, beating the averageanlyst estimate by 17 percent, according to Bloomberg data.
Biodel Inc. (BIOD U.S.) slumped 53 percent to 1.72 and after sinking to 55 percent, the most intraday since September 2008. U.S. regulators said the company would not approve the action of insulin products quickly, without further studies.
CNA Surety Corp. (southern U.S.) increased 21 percent to 23.20 and and advanced to 23.56 and earlier, the highest intraday price since October 1997. CNA Financial Corp. (U.S. CAN) said he intended to buy the insurance of surety bonds and 22.00 per share in cash.
EXCO Resources Inc. (XCO U.S.) increased more in the Russell 1000 index, assembly and 35 percent to 20.01. The oil and gas producer, said its CEO Douglas H. Miller presented the Board of Directors a proposal to acquire all the shares of the company that does not already own and 20.50 per share in cash.
Fortinet Inc. (FTNT U.S.) rose 15 percent to 34.61 and after gaining as much as 23 percent, the most intraday since 18 November. The manufacturer of network security, received a takeover approach from International Business Machines Corp. (IBM U.S.), according to two people familiar with the situation, who declined to be identified because the talks have not been made public .
Intel Corp. (INTC U.S.) rose the most in the Dow Jones Industrial Average added 2.5 percent to 20.58 y. largest chipmaker in the world was boosted to “outperform” from “neutral” Macquarie Group Ltd.
Northeast Utilities (NU U.S.) gained 2.5 percent to 32.06 and after rising to 32.21 and earlier, the highest intraday price since December 2007. largest in New England, owner of utilities increased its forecast for fiscal 2010 revenues of up to 2.20 and a percentage compared with previous guidance of no more than 2.05 and a fee.
Vivus Inc. (VVUS U.S.) fell 8.1 percent and 7.12. The Mountain View, California-based pharmaceutical can not have the necessary data to meet the Food and Drug Administration cardiovascular concerns for experimental diet pill Qnexa, Jefferies & Co.anlyst Thomas Wei said. The company rates the shares Vivus “inferior” and with an estimated price 3.
Wilmington Trust Corp. (WL USA) were reduced more in the Russell 1000 index, plunging to 43 percent, and 4.04. The Bank of Delaware, founded by du Pont family agreed to be acquired by M & T Bank Corp. after recording six consecutive quarters of losses, and for about 351 million, or about half its market value on October 29 .
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