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Pre-market Movers For April 9 (AOL, MSFT, LLY, CRRB, CALL, OPTR, CKSW, AAPL)

Gainers:

AOL, Inc. (AOL) is jumping 30 percent to $24.01. AOL has agreed to sell over 800 of its patents and their related patent applications to Microsoft Corp. (MSFT). The company would also grant Microsoft license to more than 300 additional patents and patent applications. The aggregate proceeds of the deal would be $1.056 billion in cash. MSFT is down nearly 1 percent to $31.26.

Eli Lilly & Co. (LLY) is gaining 1 percent to $41.00. The FDA has approved Amyvid, a radioactive diagnostic agent indicated for brain imaging of beta-amyloid plaques in patients with cognitive impairment who are being evaluated for Alzheimer's Disease and other causes of cognitive decline.

Carrollton Bancorp (CRRB) is jumping 26 percent to $5.10, as the parent company for Carrollton Bank, said it agreed to be merged with Jefferson Bancorp, Inc., the parent company for Bay Bank and FSB. Carrollton will be the surviving holding company in the merger.

magicJack VocalTec Ltd. (CALL) is rising 6 percent to $22.03. The company guided first quarter results below Wall Street view. The company also announced that it plans to resume its share buyback program.

Decliners:

Optimer Pharmaceuticals, Inc. (OPTR) is falling nearly 5 percent to $13.61. The company has removed Michael Chang as Chairman and terminated its CFO John Prunty and its Vice President Youe-Kong Shue. The company said changes were related to certain lapses in corporate governance practices and its relationship with Optimer Biotechnology, Inc., its 43%-owned independent, Taiwanese-based affiliate.

ClickSoftware Technologies Ltd. (CKSW) is falling 8 percent to $11.50. The company's revenue growth guidance of 12 percent is below Wall Street view. The company stated that quarterly revenues came in somewhat below expectations due to seasonal first quarter softness.

Apple Inc. (AAPL) is falling 1 percent to $626.77.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
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