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

10 Jan 2014 - 21:13 - - Source: RANsquawk

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