Company News for April 9, 2013 - Corporate Summary
April 09 2013 - 4:36AM
Zacks
• Shares of Lufkin Industries, Inc.
(NASDAQ:LUFK) surged 37.6% after General Electric Company (NYSE:GE)
agreed to purchase Lufkin. The deal is valued at around $3.3
billion or $88.50 per share
• Avon Products, Inc. (NYSE:AVP) rose 1.7% after
it announced it reducing over 400 jobs and quitting Ireland. These
steps were taken in accordance with a $400 million
cost-cutting plan
• Shares of Advanced Micro Devices, Inc.
(NYSE:AMD) surged 13.1% following a Bloomberg report according to
which AMD’s chips will be used by Microsoft Corporation
(NASDAQ:MSFT) for their next Xbox
• AZZ Incorporated (NYSE:AZZ) reported fourth
quarter earnings per share of $0.50, beating the Zacks Consensus
Estimate of $0.49
ADV MICRO DEV (AMD): Free Stock Analysis Report
AVON PRODS INC (AVP): Free Stock Analysis Report
AZZ INC (AZZ): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
LUFKIN INDS (LUFK): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
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