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Petrohawk Energy Corporation (NYSE: HK) up 1% on 3 million shares, yesterday announced that it plans to sell the Company's Gulf Coast division, and will concentrate its efforts on developing and expanding its significant base of Mid-Continent natural gas resource-style activities, including tight-gas development in North Louisiana and East Texas and in the Fayetteville and Woodford Shales. The Company believes its recently announced plans to form a Master Limited Partnership will complement these initiatives, which reflect management's ongoing strategy to optimize its portfolio towards long-lived, low-cost, and repeatable natural gas drilling opportunities.
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Teradyne, Inc. (NYSE: TER), down 2% on 3 million shares, announced yesterday it was named a '10 BEST' supplier in the annual VLSI Research Customer Satisfaction survey for the 19th consecutive year. Semiconductor equipment users from around the world recognized Teradyne as a top ranked Automatic Test Equipment (ATE) company in the 10 BEST 'Test Equipment' category and the overall 10 BEST 'Large Suppliers of Chip Making Equipment' category. Teradyne received high marks from users in Quality of Results, Product Performance, Technical Leadership and Build Quality, with the largest increase from last year's ratings coming in the Support after Sales criteria.
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Domtar Corporation (NYSE: UFS), down 2% on 3 million shares, announced yesterday that on 22 June that it has entered into an agreement to sell its forest products business to Conifex Inc for approximately CAD285m including an estimated CAD50m of working capital.
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Mylan Laboratories Inc. (NYSE: MYL) down 1% on 3 million shares, yesterday announced that Mylan Pharmaceuticals Inc. has received final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Applications (ANDAs) for Ondansetron Hydrochloride (HCl) Tablets, 4 mg (base), 8 mg (base) and 24 mg (base), and Ondansetron Orally Disintegrating Tablets (ODT) USP, 4 mg and 8 mg.
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Charming Shoppes, Inc., (Nasdaq: CHRS), down 5% on 3 million shares, a leading multi-brand, multi-channel specialty apparel retailer specializing in women's plus-size apparel, yesterday announced executive management changes. Additionally, the Company has announced a revision to second quarter and fiscal year 2008 earnings guidance.
As the saying goes...follow the money!
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