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Stocks in Focus: OREX, BIG, IAG, TOL, DG

 
 
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New York, NY -- (SBWIRE) -- 11/12/2012 -- Orexigen Therapeutics, Inc. (NASDAQ:OREX) shares declined 2.47% to $4.35 in the last trading session. The company reported a third quarter net loss of $30.6 million, or $0.44 per share, as compared to a net loss of $4.6 million, or $0.10 per share, in the year ago period. As of September 30, 2012, Orexigen had $56.1 million in cash and cash equivalents and an additional $52.2 million in marketable securities, for a total of $108.3 million.

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Big Lots, Inc. (NYSE:BIG) shares decreased 2.43% and closed at $28.93. Standard & Poor's Ratings Services downgraded its credit ratings for Big Lots by one notch, citing lower-than-expected second-quarter results and sustained operating weakness. The ratings firm lowered the closeout retailer's ratings to triple-B-minus, one step above junk territory, from triple-B.

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IAMGOLD Corporation (USA) (NYSE:IAG) shares dropped 2.41% to $15.38 in yesterday’s session. The company said that a gardener employed at their exploration office in Ouagadougou, Burkina Faso, drowned on November 1. The company said it immediately notified all relevant government authorities and other stakeholders in Burkina Faso and is reviewing its safety precautions across the company for its care and maintenance workers.

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Toll Brothers Inc (NYSE:TOL) shares decreased 2.35% and closed at $31.99. The company will broadcast live on its website, a conference call to discuss its results for fiscal-year-end 2012 and its outlook for Fiscal 2013. The event, scheduled for 2:00 P.M. (EST) on Tuesday, December 4, 2012, will follow announcement of the Company's fourth quarter and Fiscal 2012 final results for earnings, revenues, contracts and backlog earlier the same day. The call will be hosted by Douglas C. Yearley, Jr., chief executive officer.

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Dollar General Corp. (NYSE:DG) shares fell 2.35% to $46.99. The company announced that the court has granted its motion to decertify the Fair Labor Standards Act ("FLSA") collective action lawsuit pending in the United States District Court for the Northern District of Alabama. The company has been delivering value to shoppers for more than 70 years. Dollar General helps shoppers Save time. Save money.

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