Company News for December 7, 2011 - Corporate Summary

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•    Retailer and distributor of automobile parts Autozone (NYSE: AZO ) posted Q1 EPS of $4.68 per share. Revenues for the quarter increased 7.4% year-over-year to come in at  $1.90 billion

•    Debt-riddled oil-tanker owner Frontline Ltd (NYSE: FRO ) said it will reshape itself in a deal involving a large commitment from one of its major stake holders Hemen Holding Ltd. Following the announcement,  share prices of the company gained 18.64%

•    A regulatory filing revealed that shareholder Handy & Harman Ltd. purchased 498,000 shares of ModusLink Global Solutions Inc.(NASDAQ: MLNK ) on December 1. Following this development, share prices of the supply-chain company rose 13.26% to $5.04 a share

•    Peregrine Pharmaceuticals Inc.'s (NASDAQ: PPHM ) share prices surged 21.02% to close at $1.21 after the developer and manufacturer of antibodies announced positive results from an initial trial of its tumor treatment

•    Operator of the Olive garden chain of restaurants Darden Restaurants Inc.'s (NYSE: DRI ) shares slumped 12.38% to close at $41.82 after the company lowered its earnings and sales outlook for fiscal 2012

•    Shares of bio-pharma company Protalix BioTherapeutics, Inc. (AMEX: PLX ) fell 12.92% after the FDA delayed its decision on the company's Gaucher disease protein

•    Alpha Natural Resources Inc's. (NYSE: ANR ) shares declined 1.15% after the company agreed to disburse more than $200 million which will help the company avoid being sued over a mine disaster in 2010 that killed 29 men


 
ALPHA NATRL RES ( ANR ): Free Stock Analysis Report
 
AUTOZONE INC ( AZO ): Free Stock Analysis Report
 
DARDEN RESTRNT ( DRI ): Free Stock Analysis Report
 
FRONTLINE LTD ( FRO ): Free Stock Analysis Report
 
PROTALIX BIOTHR ( PLX ): Free Stock Analysis Report
 
PEREGRINE PHARM (PPHM): 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: ANR , AZO , DRI , FRO , PLX

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