Company News for April 9, 2013 - Corporate Summary

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•    Shares of Lufkin Industries, Inc. (NASDAQ: LUFK ) surged 37.6% after General Electric Company (NYSE: GE ) agreed to purchase Lufkin. The deal is valued at around $3.3 billion or $88.50 per share

•    Avon Products, Inc. (NYSE: AVP ) rose 1.7% after it announced it reducing over 400 jobs and quitting Ireland. These steps were taken in accordance with a  $400 million cost-cutting plan

•    Shares of Advanced Micro Devices, Inc. (NYSE: AMD ) surged 13.1% following a Bloomberg report according to which AMD's chips will be used by Microsoft Corporation (NASDAQ: MSFT ) for their next Xbox

•    AZZ Incorporated (NYSE: AZZ ) reported fourth quarter earnings per share of $0.50, beating the Zacks Consensus Estimate of $0.49



ADV MICRO DEV (AMD): Free Stock Analysis Report

AVON PRODS INC (AVP): Free Stock Analysis Report

AZZ INC (AZZ): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

LUFKIN INDS (LUFK): Free Stock Analysis Report

MICROSOFT CORP (MSFT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Investing Ideas , Stocks

Referenced Stocks: AMD , AVP , AZZ , GE , LUFK

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