News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2022GMT
NEWS: GSE Holding (GSE) entered waiver and amendment to credit pact; engaged Moelis to assist in sale process
REACTION: In an immediate reaction, GSE shares gained 9.0% in a move from USD 2.09 to USD 2.28. The shares then continued to gain over the following 2 minutes, printing a high at USD 2.47, making the entire move higher 18%.

TIME: 1952GMT
NEWS: High court to hear Limelight Networks (LLNW) appeal in dispute with Akamai (AKAM)
REACTION: In an immediate reaction, LLNW shares moved 11.5% higher from USD 2.11 to USD 2.35.

TIME: 1947GMT
NEWS: Medivation (MDVN) mentioned positively by a biotech analyst on CNBC
REACTION: In an immediate reaction, MDVN shares moved 1.1% higher from USD 71.98 to USD 72.75.

TIME: 1901GMT
NEWS: Meridian Bioscience (VIVO) gets special 510(K) clearance for TRU FLU
REACTION: In an immediate reaction, VIVO shares rose 2.4% from USD 27.08 to USD 27.73.

TIME: 1736GMT
NEWS: Nestle signs stem cell agreement with Cellular Dynamics (ICEL)
REACTION: In an immediate reaction, ICEL shares rose 3.2% from USD 18.49 to USD 19.07.

TIME: 1646GMT
NEWS: White House seen ending pact with CGI Federal (GIB), according to Washington Post
REACTION: In an immediate reaction, GIB shares fell 2.9% from USD 32.69 to USD 31.74. Over the following 3 minutes of trade, GIB shares fell a further 1.2% to print a low at USD 31.37.

TIME: 1550GMT
NEWS: Cooper Chengshan resumed production of Cooper Tire & Rubber's (CTB) tyres according to KeyBanc
REACTION: In the immediate reaction, CTB shares moved 3.2% higher from USD 25.20 to USD 26.01

TIME: 1457GMT
NEWS: SWS Group (SWS) confirms receipt of unsolicited acquisition proposal from Hilltop Holdings
REACTION: In the immediate reaction, SWS shares moved 1.5% higher from USD 7.29 to USD 7.40

TIME: 1437GMT
NEWS: Ethan Allen (ETH) cut to neutral from buy at Dougherty
REACTION: In the immediate reaction, ETH shares fell 2.7% from USD 28.57 to USD 27.80

TIME: 1020GMT
NEWS: Market talk of an Asian central bank selling USD/JPY at 105.00 - Unconfirmed
REACTION: Over the following 90 minutes, USD/JPY repeatedly tested but failed to break the 105.00 handle, before the offers were eventually eroded and the pair spiked to session highs of 105.05 as of 1146GMT

Print 21:14, 10 Jan 2014 - Update - Source: RANsquawk