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Company News for December 7, 2011 - Corporate Summary

• 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 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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