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Pre-market Movers For July 3 (BCS, MSFT, MODL, CHTP)

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7/3/2012 8:40 AM ET

Gainers:

Barclays plc (BCS: Quote) is rising more than 1 percent to $10.92. The company announced that Bob Diamond has resigned as chief executive and a director. The move comes after the company was fined 290 million pounds last week for attempting to manipulate the inter-bank lending rate.

MModal Inc. (MODL: Quote) is rising over 8 percent to $14 based on the news that it agreed to be acquired by One Equity Partners for $14 per share or a total of about $1.1 billion in an all-cash deal.

Decliners:

Microsoft Corp. (MSFT: Quote) is declining 0.75 percent to $30.33. The company announced that it will take a non-cash, non-tax-deductible income statement charge for the fourth quarter of fiscal year 2012 for the impairment of goodwill in its Online Services Division segment, mostly related to its 2007 aQuantive Inc., acquisition.

Chelsea Therapeutics International Ltd. (CHTP: Quote) is plunging 55 percent to $0.66. The company announced that it has received a written response from the FDA stating that Study 306B is unlikely to provide sufficient confirmatory evidence to support a Northera Capsules New Drug Application.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply higher over the course of the trading day on Friday, more than offsetting the weakness seen on Thursday. In a reversal from the previous session, the markets benefited from some upbeat U.S. economic data as well as comments from a Federal Reserve official. The major averages saw further upside going into the close, with the Dow and the S&P 500 reaching new record highs. As the IRS targeting scandal continues to make headlines, animal-protection charity People for the Ethical Treatment of Animals, or PETA, claims that conservative groups are not the only ones that have faced increased scrutiny from the agency. While the IRS targeting scandal has taken center stage on Capitol Hill on Friday, the results of a new Gallup poll showed that the American public's interest in the story is comparatively low based on historical measures. The poll showed that 54 percent of Americans are following the news that the IRS targeted conservative groups for greater scrutiny "very" or "somewhat" closely.
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