Company News for June 26, 2012 - Corporate Summary

By Zacks Equity Research,

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•    Shares of Chesapeake Energy Corporation (NYSE: CHK ) and EnCana Corporation (NYSE: ECA ) plunged 8.5% and 4.1% respectively following a Reuters report according to which  top officials of the firms deliberately avoided bidding against each other

•    Old Republic International Corporation (NYSE: ORI ) lost 10.1% after it canceled the spinoff of its subsidiary, Republic Financial Indemnity Group

•    Shares of Kirby Corporation (NYSE: KEX ) fell 11.1%, the highest in the past 20 months after it lowered its earnings forecast for the current quarter as well as for the full year ending December 2012

•    Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA ) declined 22.4% after a US District Court gave a verdict in favor of rival Teva Pharmaceutical Industries Ltd (NYSE: TEVA ). Teva had filed a patent infringement lawsuit for its best-selling multiple sclerosis drug Copaxone against Momenta

CHESAPEAKE ENGY (CHK): Free Stock Analysis Report
ENCANA CORP (ECA): Free Stock Analysis Report
KIRBY CORP (KEX): Free Stock Analysis Report
MOMENTA PHARMA (MNTA): Free Stock Analysis Report
OLD REP INTL (ORI): Free Stock Analysis Report
TEVA PHARM ADR (TEVA): Free Stock Analysis Report
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Zacks Investment Research

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: CHK , ECA , KEX , MNTA , ORI

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