U.S. stocks are posting solid gain in Thursday’s session
helped by d after European Central Bank President Mario Draghi pledged to
preserve the euro. The 17- nation currency strengthened against the dollar by
the most in almost a month. Following are notable movers by midday session:-
ABB Ltd (ADR) (NYSE:ABB) went up 6.75% to $16.92. The
Company reported second quarter EPS of $0.29, below the analyst estimate of
$0.37. Revenue for the quarter was $9.7 billion versus the consensus estimate
of $10.29 billion.
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InterOil Corporation (USA) (NYSE:IOC) jumped up 9.58% to
$82.70. Royal Dutch Shell PLC is in talks with InterOil Corp that could lead to
the Anglo-Dutch energy giant buying into the U.S. firm's Papua New Guinea
exploration license areas. Papua New Guinea-focused InterOil holds three prospecting
licenses offshore the south-east Asian island nation.
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Agnico-Eagle Mines Limited (USA) (NYSE:AEM) increased 7.91%
to $42.02. The Company reported second quarter profit of $43.3 million or 25
cents per share compared to $68.8 million or 41 cents per diluted share in the
previous year period. Revenue was $459.5 million compared to $433.6 in the
prior year period. The Company increased its production guidance for 2012 to
975,000 ounces of gold. Scotia Capital increased the rating on the stock from
sector perform to outperform rating in a research note.
France Telecom SA (ADR) (NYSE:FTE) increased 7.90% to
$13.39. Chief Executive Stephane Richard of the Company said that there is no
plan for a merger with Deutsche Telekom AG.
Marvell Technology Group Ltd (NASDAQ:MRVL) is up 3.26% to
$11.24 on a traded volume of 9.33 million shares. Marvell and Wilocity
announced a new partnership to bring tri-band Wi-Fi solutions enabled with
802.11ad to market. Marvell has chosen Wilocity to accelerate Marvell's
deployment of WiGig-compliant wireless platforms for computing, networking
infrastructure and consumer electronics. JMP Securities upgraded the rating on
the stock from a market perform rating to an outperform rating.
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Nokia Corporation (ADR) (NYSE:NOK) moved up 5.43% to $1.94.
Nokia Oyj has ended development of code-named Meltemi. Meltemi is the mid-range
software.
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