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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 Nasdaq, Inc.


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

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