Facebook Inc (NASDAQ:FB) shares declined 4.80% to
$20.57 in the morning hour. The company was cleared by Britain’s Office of Fair
Trading to complete its proposed $1 billion purchase of the mobile
photo-sharing application company Instagram. Facebook said in April that it
would buy the 2-year-old startup to lure users of mobile devices. U.S.
regulators haven’t made a decision on the proposed deal.
Can
FB rebound This Month? Find Out Here
Markwest Energy Partners LP (NYSE:MWE) stock fell
4.27% to $50.50 after the company announced that it priced a public offering of
6,000,000 common units at $50.72 per common unit. MarkWest has granted the
underwriters a 30-day option to purchase up to 900,000 additional common units
to cover the underwriters’ sale of additional common units, if any. MarkWest
intends to use the net proceeds from the offering, of approximately $294.2
million, to fund capital expenditure program, for general working capital and
for other general partnership purposes.
Clearwire Corporation (NASDAQ:CLWR) stock gained
3.14% to $1.80. The shares of the company was downgraded by analysts at
Macquarie from a “neutral” rating to an “underperform” rating in a research
report issued to clients and investors last week. They currently have a $1.36
price target on the stock.
How
Should Investors Trade CLWR After recent Volatility, Find Out Here
Estee Lauder Companies Inc (NYSE:EL) stock climbed
9.60% to $60.29 after the company’s fourth quarter profit increased 25%,
reflecting improved margins and sales growth across its product categories and
geographic regions.
The company posted fourth quarter net earnings of
$51.2 million or $0.13 per share, versus $41.1 million or $0.10 per share in
the prior-year quarter. Adjusted net earnings rose about 40% to $69.2 million
or $0.17 per share. Net sales increased 9% to $2.25 billion from $2.06 billion
in the year ago quarter. Analysts expected the company to report earnings of
$0.16 per share on revenue estimate of $2.21 billion.
Get
Daily Free Earnings report Here
NCR Corporation (NYSE:NCR) stock declined 8.76% to
$22.92 after after Wedbush Securities analyst Gil Luria downgraded NCR Corp to
Neutral from Outperform while lowering
his price target to $23 (prev. $33). In a research note, Luria said NCR could
face charges of possible violations of the Foreign Corrupt Practices Act
[FCPA]. NCR is best-known as a maker of point-of-sale machines, cash registers
and ATMs.
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