Shares of TiVo Inc. (TIVO) surged more than 11% in after hours trading after the company reached a settlement of its patent dispute related to digital video recording technology with AT&T, Inc. (T). Under the terms of the settlement, AT&T agreed to pay TiVo an initial payment of $51 million, followed by recurring quarterly guaranteed payments through June 2018, totaling $164 million, which together yield minimum payments of $215 million. In addition, AT&T will pay incremental recurring per subscriber monthly license fees through July 2018 should AT&T's DVR subscriber base exceed certain levels.
Arena Pharmaceuticals Inc. (ARNA) shares jumped more than 15% in extended hours trading after the company said has submitted its response to the Complete Response Letter issued by the US Food and Drug Administration following review of the lorcaserin New Drug Application. The response includes data and analyses that were not incorporated in the original NDA, including the results of Arena's Phase 3 BLOOM-DM clinical trial, which evaluated lorcaserin for weight loss in patients with type 2 diabetes.
Shares of Acme Packet, Inc. (APKT) tumbled more than 17% in after hours after the networking equipment vendor warned that its fourth quarter results would come in below analysts' estimates and cut its full year 2011 outlook.
Progress Software Corp. (PRGS) shares slipped more than 7% in extended hours trading after the enterprise software company forecast first quarter revenue and earnings below analysts' current consensus estimates.
National Instruments Corp. (NATI) shares fell more than 6% in after hours trading after the company slashed its outlook for the fourth quarter, citing reduced demand for its measurement and automation products in crisis hit Europe.
U.S.-listed shares of Amarin Corp. (AMRN) dropped more than 7% in after hours. The Dublin, Ireland-based biopharmaceutical company said that its wholly owned subsidiary, Corsicanto Ltd., has commenced an offering of $150 million in aggregate principal amount of exchangeable senior notes due 2032 to qualified institutional buyers.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.