Dole Food Company, Inc. (DOLE: Quote) is up 6 percent to $14.59. The company has agreed to sell its worldwide packaged foods and Asia fresh produce businesses to Japanese trading company Itochu Corp. for $1.69 billion in cash.
OXiGENE, Inc. (OXGN: Quote) is surging 45 percent to $0.800. The company announced that it has reached an agreement with the FDA on a Special Protocol Assessment for its Phase 3 clinical trial or FACT 2 of Zybrestat for the treatment of anaplastic thyroid cancer.
Alpha Natural Resources, Inc. (ANR: Quote) is up 1 percent to $8.17. The company outlined plans to reshape its portfolio of operations to meet the evolving demands of a changing global coal market. As part of the plan, the company plans to eliminate 1,200 positions.
FedEx Corp. (FDX: Quote) is falling nearly 2 percent to $87.70. The company's first quarter profit declined from the previous year period, but was above Wall Street view. Revenue rose 3 percent and managed to surpass the consensus estimate. Meanwhile, the company lowered its fiscal 2013 earnings per share guidance.
Advanced Micro Devices, Inc. (AMD: Quote) is dropping 9 percent to $3.65 following the news that Thomas Seifert has decided to resign from the positions of senior vice president and chief financial officer to pursue other opportunities.
Clearwire Corp. (CLWR: Quote) is declining over 2 percent to $1.50 based on the news that Time Warner Cable Inc. (TWC) has disclosed plans to sell its entire 7.8 percent stake in the Bellevue, Washington-based wireless broadband services provider.
Trading in shares of Ditech Networks, Inc. (DITC: Quote) was halted. Nuance Communications, Inc. (NUAN) has agreed to acquire the company for $1.45 per share in cash, representing a total enterprise value of approximately $22.5 million.
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by RTT Staff Writer
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