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Hot Stocks
Alcoa stock drops after posting third-quarter net loss
- Shares of Alcoa Inc fell over 3 percent on Wednesday after the aluminum company reported a quarterly net loss and one analyst cut its stock target price because of continued weak aluminum prices.
Wal-Mart stock hits new high as U.S. strength continues
- Wal-Mart Stores Inc shares hit an all-time high on Wednesday, as the world's largest retailer said it is seeing growth in both large and small U.S. stores and has had a strong start to layaway sales ahead of the holiday season.
OCZ warns of significant quarterly loss, shares slide
- Solid-state hard drive maker OCZ Technology Group Inc warned problems in its customer incentive program would result in a "significant" quarterly loss, sending its shares down by 42 percent.
Jeans maker True Religion says exploring sale
- Premium jeans maker True Religion Apparel Inc , which has been hit by falling sales after a series of fashion missteps, said it may sell itself after receiving interest from potential buyers.
Avnet estimates sales at low end of forecast; shares fall
- Electronic parts distributor Avnet Inc estimated first-quarter revenue at the low end of its prior forecast, indicating depressed technology spending particularly in the Americas, sending its shares down 11 percent to a year low.
Amira Nature Foods shares edge up on debut
- Amira Nature Foods Ltd rose 2 percent in its market debut after the seller of packaged Indian specialty rice priced its share sale significantly below its expected range.
Spectrum buys Stanley B&D; unit for $1.4 billion, shares jump
- Spectrum Brands Holdings Inc will buy Stanley Black & Decker Inc's door lock and bath fixture business for $1.4 billion, adding brands such as Kwikset and Price Pfister to a line-up that includes Rayovac batteries and Remington shavers.
RIM shares slip as analyst sees BB10 launch in March
TORONTO - Shares of Research In Motion fell 3.5 percent on Tuesday after an analyst warned that the company's make-or-break line of new BlackBerry smartphones is unlikely to hit store shelves until March, weeks later than investors had hoped.
Marathon to buy BP Texas City refinery for up to $2.5 billion
HOUSTON - Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.
Shares of Chile's Cuprum, other pension funds up on bid
SANTIAGO - Shares of Chilean pension company AFP Cuprum jumped 41 percent on Tuesday, a day after U.S. insurer and asset manager Principal Financial Group Inc agreed to buy Cuprum in a deal that valued the company at a roughly 50 percent premium over its prior closing share price.
No related earnings announcements are currently scheduled within the next 7 days.
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