VanceInfo Technologies Inc. (VIT: Quote) is rising 3 percent to $10.28. The company signed a definitive merger agreement with hiSoft Technology International Ltd. (HSFT), under which the companies will be combined in a tax-free, all-stock merger of equals with a combined equity value of about $875 million.hiSoft will be the surviving listed company in the merger.
Janus Capital Group Inc. (JNS: Quote) is up 21 percent to $9.33. Japan's Dai-ichi Life Insurance Co. plans to acquire at least 15%, and no more than 20%, of the company's outstanding common shares. As part of this alliance, Dai-ichi Life will support JCG's distribution initiatives in Japan and plans to invest $2 billion of its general account assets with JCG.
Fusion-IO, Inc. (FIO: Quote) is jumping 23 percent to $25.91 following the release of its quarterly result.
J.C. Penney Company, Inc. (JCP: Quote) is down 2 percent to $21.66. The company slipped to a loss in the second quarter. Total net sales plunged 22.6 percent and were below the consensus estimate. Comparable-store sales for the quarter declined 21.7 percent. In addition, the company stated that it no longer anticipates achieving its current earnings forecast for fiscal 2012.
Yahoo! Inc. (YHOO: Quote) is falling over 4 percent to $15.32. The company announced that its chief executive Marissa Mayer is engaging in a review of business strategy. The company noted that this review process may lead to a reevaluation of, or changes to, its current plans, including returning to shareholders the after tax cash proceeds from Alibaba Group transaction.
Monster Beverage Corp. (MNST: Quote) is down 5 percent to $58.30. The company has received a subpoena from a state attorney general last month in connection with an investigation concerning its advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy brand of energy drinks.
Ubiquiti Networks, Inc. (UBNT: Quote) is plunging 39 percent to $9.20 in reaction to its quarterly result.
Trading in shares of Sunshine Heart Inc. (SSH: Quote) was halted. The company has priced its public offering of 2.875 million shares at $7.00 per share.
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by RTT Staff Writer
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