Markets

Company News for December 8, 2011 - Corporate Summary

• Department-store chain J.C. Penney Co. Inc. (NYSE: JCP ) confirmed that it would buy a 16.6% stake in Martha Stewart Living Omnimedia Inc. (NYSE: MSO ). Media and merchandising company Martha Stewart's share prices increased 33.33% to close at $4.16 a share

• At a media conference, digital news advertisement company McClatchy Co. (NYSE: MNI ) said the decline in its advertising sales had eased. Following this development, shares of the company sky rocketed 61.86%

• Defense contractor SAIC, Inc.'s (NYSE: SAI ) share prices advanced 6.58% after the company's third quarter sales came in above market expectations

• Share prices of women's retailer Talbots, Inc. (NYSE: TLB ) surged 69.87% to close at $2.65 after the company decided to review an unsolicited acquisition offer from Sycamore Partners

• According to the Wall Street Journal, ING Groep NV's (NYSE: ING ) fourth-quarter earnings will take a hit from its U.S.-annuities business as the Dutch financial services company prepares to spin off its insurance-related business

• Gold producing company Jaguar Mining Inc.'s (NYSE: JAG ) shares declined 9.19% after the company said its President and the CEO Daniel Titcomb has resigned

• First Solar Inc. (NASDAQ: FSLR ) said it had entered into an agreement to sell a solar energy farm to MidAmerican Energy Holdings Co., in California, which is a part of Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B)

• Late on Tuesday, men's clothing retailer Men's Wearhouse, Inc. (NYSE: MW ) increased its earnings outlook for 2011

BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report

FIRST SOLAR INC ( FSLR ): Free Stock Analysis Report

ING GROEP-ADR ( ING ): Free Stock Analysis Report

JAGUAR MINING ( JAG ): Free Stock Analysis Report

PENNEY (JC) INC ( JCP ): Free Stock Analysis Report

MCCLATCHY CO-A ( MNI ): Free Stock Analysis Report

MARTHA STWT LIV (MSO): Free Stock Analysis Report

MENS WEARHOUSE (MW): Free Stock Analysis Report

SAIC INC (SAI): Free Stock Analysis Report

TALBOTS INC (TLB): 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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