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J.C. Penney Down 15% Pre-Market on Weak Earnings, Outlook

Eddie Staley — Wed, 16 May 2012 13:26:12 +0000

J.C. Penney Company (NYSE: JCP) is trading lower pre-market followings its Q1 earnings announcement yesterday after the close. The company reported an EPS of $(0.25) vs $(0.10) estimates and sales of $3.15 billion vs $3.46 billion estimates. J.C.

Is NBC About to Go Bankrupt?

Louis Bedigian — Wed, 16 May 2012 13:25:06 +0000

The ailing TV network is making a desperate attempt at salvaging its remains. But cancelled shows, lackluster pilots and management's desperate remarks are pointing to the company's imminent demise.

UPDATE: Miller Tabak Reiterates Neutral Rating, Raises PT for Madison Square Garden

Dwight Einhorn — Wed, 16 May 2012 13:23:17 +0000

In a report published earlier today, Miller Tabak + Co., LLC reiterated its Neutral rating for Madison Square Garden, Inc.

IZEA: Unregistered Sales of Equity Securities

Allie Wickman — Wed, 16 May 2012 13:06:57 +0000

IZEA, Inc.: On May 15, 2012, we sold 5,368,960 shares of our common stock at a purchase price of $0.125 per share, receiving gross proceeds of $671,120, in a private placement to nine accredited investors (the “Investors”), pursuant to the terms of a Common Stock Purchase Agreement (the “Purchase Agreement”).

UPDATE: Global Hunter Securities Upgrades Encore Wire

Delores Land — Wed, 16 May 2012 13:06:50 +0000

According to a research report published this morning, Global Hunter Securities has upgraded Encore Wire (NASDAQ: WIRE) from Accumulate to Buy.

In the report, Global Hunter Securities said, "Encore Wire announced on Monday that it repurchased 2.77MM shares, or 11.8% of its total shares outstanding, for $66.6MM or $24.02 per share, funded by cash o

UPDATE: Global Hunter Securities Initiates Coverage on Dynamic Materials

Delores Land — Wed, 16 May 2012 13:04:25 +0000

According to a research report published this morning, Global Hunter Securities has initiated Dynamic Materials (NASDAQ: BOOM) with an Accumulate rating and $22 PT.

In the report, Global Hunter Securities said, "Dynamic Materials (BOOM) is an industry leader and active consolidator in the explosion metalworking space.

GigOptix Announces Preliminary Results of Modified Dutch Auction Tender Offer; Expects to Acquire Approximately 701,754 Shares of Its Common Stock at a Price of $2.85 per Share

Paul Quintaro — Wed, 16 May 2012 13:04:02 +0000

GigOptix, Inc.

Quantum Awarded $4.8M Purchase Order for High Capacity Ultra-Light Weight Natural Gas Storage Tanks

Eddie Staley — Wed, 16 May 2012 13:02:54 +0000

Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) today announced that it has received a $4.8 Million purchase order from Agility Fuel Systems, the leading natural gas fuel system integrator for heavy duty trucks, buses and specialty vehicles, for Quantum's industry-leading high capacity ultra-light weight natural gas tanks.

Baxter Announces ADVATE Approval in China for the Treatment of Hemophilia A

Allie Wickman — Wed, 16 May 2012 13:02:34 +0000

Baxter International Inc. (NYSE: BAX) today announced the approval of ADVATE [Recombinant Human Coagulation Factor VIII for injection] for the control and prophylaxis of bleeding episodes in individuals with hemophilia A (congenital factor VIII deficiency) in China by the State Food and Drug Administration (SFDA).

Safeway Says 58% of Holders Voted Against Accelerated Vesting

Paul Quintaro — Wed, 16 May 2012 13:02:22 +0000

Safeway Inc.