Company News for October 18, 2011 - Corporate Summary
18 Octubre 2011 - 4:10AM
Zacks
• Norwegian oil company Statoil ASA (ADR)
(NYSE:STO) said it would purchase Brigham Exploration Company
(NASDAQ:BEXP) in a deal valued at $4.4 billion in cash. Following
this development, shares of Brigham Exploration increased
21.05% to close at $36.75
• Share prices of natural gas pipeline operator
El Paso Corp. (NYSE:EP) advanced 24.81% after Kinder Morgan Inc.
(NYSE:KMI) agreed to buy El Paso in a deal worth around $21
billion
• Share prices of banking company Wells Fargo
& Co. (NYSE:WFC) shed 8.44% to close at $24.42 following third
quarter earnings results which came in lower than estimated
• In order to maintain its goodwill in the market
due to service disruptions last week, blackberry phone maker
Research In Motion Ltd. (NASDAQ:RIMM) offered free
application downloads and technical support to its customers
• Share prices of online travel agent Orbitz
Worldwide Inc. (NYSE:OWW) fell 6.37% to close at $1.91 after the
U.S. Transportation Department fined Orbitz $60,000 for failing to
comply with price advertising rules
• Oil-services company Halliburton Co.’s
(NYSE:HAL) shares declined 7.88% after the company's third-quarter
earnings results came in lower than the consensus estimates
• U.S. listed shares of Canadian life insurance
company Sun Life Financial Inc. (NYSE:SLF) fell 9.94% after the
company projected a loss in its third quarter
• Analysts at Sterne, Agee & Leach
downgraded footwear company K-Swiss Inc. (NASDAQ:KSWS) to
"Underperform" rating from "Neutral' rating
• Analysts at Goldman Sachs downgraded shares of
Navistar International Corp. (NYSE:NAV) to "Sell" rating from
"Neutral" rating
BRIGHAM EXPL CO (BEXP): Free Stock Analysis Report
EL PASO CORP (EP): Free Stock Analysis Report
HALLIBURTON CO (HAL): Free Stock Analysis Report
KINDER MORGAN (KMI): Free Stock Analysis Report
K-SWISS CL A (KSWS): Free Stock Analysis Report
NAVISTAR INTL (NAV): Free Stock Analysis Report
ORBITZ WORLDWID (OWW): Free Stock Analysis Report
RESEARCH IN MOT (RIMM): Free Stock Analysis Report
SUN LIFE FINL (SLF): Free Stock Analysis Report
STATOIL ASA-ADR (STO): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
Zacks Investment Research
Brigham Exploration (MM) (NASDAQ:BEXP)
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