Company News for January 25, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Share prices of Verizon Communication (NYSE: VZ ) fell 1.59% after its fourth-quarter earnings came in at $0.52 cents, a penny below expectations

•    Supplier of oilfield tools and services Baker Hughes's (NYSE: BHI ) fourth quarter sales and earnings came in below expectations due to rising costs and supply chain issues

•    Piper Jaffray said drug developers Achillion Pharmaceuticals Inc. (NASDAQ: ACHN ) could be a likely acquisition target. Following this development, shares of Achillion surged 16.72% to close at $10.75

•    Israeli drug developer BioLineRx Ltd's. (NASDAQ: BLRX ) U.S. listed share prices rocketed up 68.69% after the company signed an agreement with French company Genoscience to market and develop a hepatitis C treatment

•    Departmental store operator Bon-Ton Stores (NASDAQ: BONT ) named Mr. Brendan Hoffman as its new CEO. Following this development, shares of the company advanced 16.41% to end the day at $3.76

ACHILLION PHARM ( ACHN ): Free Stock Analysis Report
BAKER-HUGHES ( BHI ): Free Stock Analysis Report
BON-TON STORES ( BONT ): Free Stock Analysis Report
VERIZON COMM ( VZ ): 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 Stocks: ACHN , BHI , BONT , VZ

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