News Corp. (NWSA: Quote) is up over 5 percent to $21.17 amidst reports that the company plans to separate its publishing and entertainment businesses, thus creating two companies.
Apollo Group Inc. (APOL: Quote) is rising more than 3 percent to $33.58. The company's third quarter profit declined 37 percent from the previous year period. However, earnings per share, excluding items, were above Wall Street view. Meanwhile, the company raised its fiscal 2012 operating earnings outlook.
Supernus Pharmaceuticals Inc. (SUPN: Quote) is rising 40 percent to $7.99. The company announced that it has received a tentative approval letter from the FDA for Trokendi XR, a once-daily extended release formulation of topiramate (formerly known as SPN-538).
Facebook, Inc. (FB: Quote) is up over 1 percent to $32.44. The company, which has been critized for a lack of diversity on its board, has elected its Chief Operating Officer Sheryl Sandberg to its board of directors. Sandberg thus becomes the first woman to join the social networking site's board that currently includes seven men.
Seagate Technology PLC (STX: Quote) is up more than 3 percent to $24.06 based on the news that the company will replace Progress Energy, Inc. (PGN) in the S&P 500 index after the close of trading on Friday, June 29.
China Digital TV Holding Co., Ltd. (STV: Quote) is falling nearly 3 percent to $2.70. The company lowered its second quarter smart card shipment volume and revenue guidance citing the lower-than-planned smart card sales in several provinces in China in the second quarter of 2012.
Digital Realty Trust Inc. (DLR: Quote) is down 2 percent to $71.71. The company announced that it plans to sell 8.25 million shares of its common stock in an underwritten public offering.
Coinstar, Inc. (CSTR: Quote) is down 3 percent to $63.10. The company announced closing of the acquisition of certain assets of NCR Corp.'s (NCR) self-service entertainment DVD kiosk business. The company expects this acquisition to decrease its earnings per share from continuing operations between $0.40 and $0.50 per share for the full year 2012.
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by RTT Staff Writer
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