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New York, NY -- (SBWIRE) -- 09/12/2013 -- Oclaro Inc. (NASDAQ:OCLR) sold its Switzerland-based semiconductor laser business and related assets to II-VI Inc. for $115 million, allowing the optical-components maker to move forward with its restructuring plans. II-VI, a maker of engineered materials and optoelectronic components, also paid $5 million for an exclusive option, which expires in 30 days, to buy Oclaro’s optical amplifier and micro-optics business for $88 million. Oclaro shares jumped 13.10%.
Can OCLR Extends Rally? Find Out Here
Dominion Resources, Inc. (NYSE:D) are spending heavily to build the infrastructure that producers need. Dominion Resources has even entered into a joint venture with its Utica assets in order to develop the business into a major midstream operator in the Utica shale region. The agreement provided the business with outside capital so it didn't have to compete with Dominion Resources, Inc. (NYSE:D)'s other major projects for capital. Dominion Resources, Inc. $59.80, up 2.03%.
How Should Investors Trade D Now? Find Out Here
Galectin Therapeutics, Inc. (NASDAQ:GALT) is up 5.16% at $11.41. Galectin Therapeutics continues its rally from earlier in the week. On September 10, Galectin Therapeutics announced it has received a US patent for potential treatment for fatty liver disease.
How Should Investors React To GALT Now? Find Out Here
NetSol Technologies Inc. (NASDAQ:NTWK) reported fourth quarter net income of $0.35 per share Thursday morning, compared to $0.25 per share last year. Revenues rose to $15.1 million, from $14.3 million a year ago. The consensus estimates were for EPS of $0.22 and revenues of $13.53 million. The company is now up 1.68 at $11.88, with volume at a 3 1/2 month high.
Can ntwk Move Up Further? If Yes, How far It can Go? Find Out Here
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