Dallas, TX -- (SBWIRE) -- 03/07/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Alcatel Lucent SA (ADR) (NYSE:ALU) decreased 2.07% and closed at $1.42 on a traded volume of 9.88 million shares. Alcatel-Lucent announced that it has been selected by UPMC to deploy a new network to provide critical communications services to hospitals, doctors' offices and other sites throughout Western Pennsylvania using Alcatel-Lucent's recently introduced 7950 Extensible Routing System. The agreement will also include the supply of advanced 100G fiber-optic technology. Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers.
How Should Investors Trade ALU After The Recent Price movement? Find out Here
Elan Corporation plc. (ADR) (NYSE:ELN) slipped 2.11% to $11.62 on a traded volume of 4.02 million shares. RP Management, LLC remains committed to acquire Elan on the terms set out in the Proposal Announcement of February 25, 2013, but continues to be disappointed that the Board of Elan has not engaged in discussions. Royalty Pharma is ready and able to move quickly to implement an offer and believes that it will be able to complete due diligence in 20 days. Royalty Pharma announces today that it is meeting with a number of Elan Shareholders to discuss the proposal.
Is ELN a Strong Buying Opportunity After The Recent Slump? Find out Here
Constellation Brands, Inc. (NYSE:STZ) decreased 2.02% to $43.25 on a traded volume of 2.90 million shares. Constellation Brands Inc sought to reassure the U.S. distributors of Grupo Modelo's beers that the brand will continue to grow in the United States after the wine company takes it over.
Is STZ a Buy After The Latest Price Action? Find Out Here
Newcastle Investment Corp. (NYSE:NCT) slipped 1.96% to $11.01 on a traded volume of 5.89 million shares. The Company has signed a definitive agreement to acquire up to 50% of a $4.2 billion unpaid principal balance portfolio of consumer loans from HSBC Finance Corporation. Newcastle intends to co-invest alongside Springleaf Finance, Inc., a Fortress affiliate, who will also be responsible for servicing the loans.
Get latest News, Updates on NCT Here
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