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Microsoft Shows Interest in Buying Nook’s E-Reader Business (BKS, MSFT)

Shares of Barnes & Noble (NYSE: BKS) soared on Thursday after TechCrunch reported that Microsoft Corp. (NASDAQ: MSFT) has considered offering the bookseller $1 billion to acquire its e-reader (tablet) business.

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Major Movers on May 8; AOL, WEN, EA, SYMC, Z

Shares of AOL Inc. (NYSE: AOL) slumped about 8.60% by afternoon trade. Although the web services company reported 23% jump in fiscal first quarter net income, driven by higher revenue from advertising, adjusted earnings fell short of Street’s estimate.

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Cognizant Q1 Results Top Estimates, Q2 Guidance Upbeat (CTSH)

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) said on Wednesday that fiscal first quarter net income soared 17%, thanks to double digit revenue growth which was boosted by improved performance across all segments and markets.

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Whole Foods Market Q2 Earnings Beat Estimate (WFM)

Whole Foods Market Inc. (NASDAQ: WFM) reported on Tuesday that its fiscal second-quarter net income jumped 20% as the up-market grocery chain witnessed robust revenue growth while margin also remained healthy. The Company provided upbeat guidance on full-year and announced two-for-one stock split.

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Major Movers on May 7; FSLR, FOSL, MELI, RKUS, ARUN, SNTS, EOG, DTV

Shares of First Solar Inc. (NASDAQ: FSLR) fell about 9.25% by afternoon trade. Although the solar panel maker, late last evening, reported that it swung into fiscal first quarter profit and handed revenue which edged past Street’s consensus estimate, investors were disappointed as adjusted earnings fell short of expectation. However, the Company maintained its full-year [...]

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Broadsoft Beats Q1 Estimates, Provides Strong FY2013 Earnings Guidance (BSFT)

Broadsoft Inc. (NASDAQ: BSFT) reported stronger-than-expected fiscal first quarter results on Monday. The Company also provided earnings strong full-year guidance and boosted its earnings outlook on the current quarter, sending shares soaring 8.26% in extended trading hours.

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Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY

Tyson Foods Inc. (NYSE: TSN) tumbled after the meat and food processing company reported more-than-feared fall in fiscal second quarter profit on Monday as margins on Chickens contracted further due to soaring feed costs caused by last year’s severe drought. For the recently concluded quarter, Tyson Foods reported net income of $106 million or 26 [...]

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Inergy L.P. and Crestwood Midstream Enter Merger Deal (NRGY)

Shares of Inergy L.P. (NYSE: NRGY) soared on Monday after the marketer and distributor of propane announced that it has agreed to merge its business with Crestwood Midstream Partners L.P. in a cash and stock deal.

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Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP

Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on [...]

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Moody’s Beats Q1 Estimates, Lifts Outlook on FY13 (MCO)

Credit rating agency, Moody’s Corporation (NYSE: MCO) reported on Friday that its fiscal first-quarter net income climbed 9%, driven by solid revenue growth in the U.S.

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