Morning Movers 4/8: SPSN, CTX, HIG, LNC, CTB, RT, BBBY Higher; SCSC, R, SIMO, ELX Lower Apr 8, 2009 09:38AM

Spansion Inc. (Nasdaq: SPSN) 122% HIGHER; announced that it has settled its patent litigation lawsuits with Samsung Electronics. As part of the settlement, Samsung will pay Spansion $70 million and Spansion and Samsung Electronics Company have exchanged rights in their patent portfolios in the form of licenses and covenants subject to a confidential settlement agreement. The settlement ends the patent disputes between the two companies and is a significant step forward in Spansion's reorganization process, demonstrating the company's intense focus on improving its financial position in the current economic climate.

Centex Corporation (NYSE: CTX) 31% HIGHER; announced that it and Pulte Homes (NYSE: PHM) will combine in a stock-for-stock transaction valued at $3.1 billion, including $1.8 billion of net debt. Click here for the full report.

Hartford Financial (NYSE: HIG) 28% HIGHER; insurance stocks are spiking this morning on reports that the Treasury could extend TARP funds to ...


Morning Movers 2/27: Citi (C) Crushed On 36% Govenment Stake, Other Banks Follow Feb 27, 2009 10:13AM

StreetInsider.com Morning Movers:
Somaxon Pharmaceuticals, Inc. (Nasdaq: SOMX) 83% LOWER; received a Complete Response Letter from the FDA for its New Drug Application (NDA) for Silenor for the treatment of insomnia. Based on its review, the FDA has determined that the NDA cannot be approved in its present form.

Synta Pharmaceuticals Corp. (NASDAQ: SNTA) 76% LOWER; said based on an analysis by an independent Data Monitoring Committee, it has suspended the SYMMETRYSM trial, the Phase 3 clinical study comparing elesclomol in combination with paclitaxel to paclitaxel alone in chemo-naïve patients with stage IV metastatic melanoma. The decision to suspend the SYMMETRY trial was based on the results of an analysis by the independent DMC which identified safety concerns, including an imbalance in overall survival (OS), with a greater number of deaths occurring in the combination arm (elesclomol with paclitaxel) compared to the control arm (paclitaxel alone). The final analysis of ...


Morning Movers 11/03: VeraSun (VSE) Sinks On Bankrupcty; Goodyear (GT) and Oshkosh (OSK) Up On Results Nov 3, 2008 09:36AM

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VeraSun Energy (NYSE: VSE) 58% LOWER; The ethanol producer announced the Company and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize.

AtriCure, Inc. (Nasdaq: ATRC) 25% LOWER; received a letter on October 27, 2008 from the U.S. Department of Justice-Civil Division informing the Company that the DOJ is conducting an investigation for potential False Claims Act and ...


Notable Analyst Rating Changes 10/30: FSLR, MGM, NEM, VCLK Upgraded; HIG, SONO, CCO, GLW Downgraded Oct 30, 2008 10:03AM

UPGRADES:
Soleil and Merriman Curhan upgrade First Solar (Nasdaq: FSLR) to Buy.

KeyBanc upgrades MGM MIRAGE (NYSE: MGM) from Hold to Buy. Price target $18.

J.P. Morgan upgrades Newmont Mining (NYSE: NEM) from Neutral to ...