Company News for January 18, 2012 - Corporate Summary

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•    Bio technology company ArQule Inc.'s (NASDAQ: ARQL ) share prices gained 11.91% to close at $6.67 after the company's experimental treatment for liver cancer reported a positive outcome in its Phase II trial

•    Share prices of discount carrier Sprint Airlines Inc. (NASDAQ: SAVE ) declined 5.53% after the company announced plans to sell 11 million shares in a secondary offering

•    Global provider of software Blackbaud Inc. (NASDAQ: BLKB ) will buy fund raising software maker Convio Inc. (NASDAQ: CNVO ) for $16 per share. Following the news, shares of Convio rocketed up 48% to close at $15.89 a share

•    ISTA Pharmaceuticals Inc.'s shares (NASDAQ: ISTA ) gained 13.07% after Valeant Pharmaceuticals International Inc. (NYSE: VRX ) increased its hostile-takeover bid for ISTA to $7.50 a share

•    Shares of natural gas firm Venoco Inc. (NYSE: VQ ) surged 29.91% to close at $9.99 a share after it said its CEO would purchase the firm for $12.50 a share

ARQULE INC ( ARQL ): Free Stock Analysis Report
BLACKBAUD INC ( BLKB ): Free Stock Analysis Report
ISTA PHARMA INC ( ISTA ): Free Stock Analysis Report
SPIRIT AIRLINES ( SAVE ): Free Stock Analysis Report
VENOCO INC ( VQ ): 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 Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Symbols: ARQL , BLKB , ISTA , SAVE , VQ

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