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New York, NY -- (SBWIRE) -- 12/18/2012 -- Arbitron Inc. (NYSE:ARB) is a media and marketing information services firm primarily serving radio, advertisers, advertising agencies, cable and broadcast television, retailers, out-of-home media, online media, mobile media, telecommunications providers, and print media.Arbitron Inc. (ARB) is +9.26 at $47.30, with 1,544,319 shares traded. As reported in the last short interest update the days to cover for ARB is 15.399596; this calculation is based on the average trading volume of the stock.
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Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) announced positive results from the SET (Safety and Efficacy of Tasimelteon) Phase III study, evaluating tasimelteon, a circadian regulator for the treatment of Non-24-Hour Disorder. Tasimelteon succeeded in the primary endpoint of Entrainment of the melatonin rhythm as compared to placebo.
Tasimelteon demonstrated significant improvements across a number of sleep and wake parameters including measures of total sleep time, nap duration, and timing of sleep. Tasimelteon also showed significant improvements over placebo in the Non-24 Clinical Response Scale as well as in the Clinical Global Impression of Change, an overall global functioning scale. The company said The results provide robust evidence of a direct and clinically meaningful benefit to patients with Non-24-Hour Disorder.
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Magnum Hunter Resources Corp (NYSE:MHR) shares gained 4.72% to $3.77. The company announced the pricing of its private offering of an additional $150 million in principal amount of its 9.750% senior notes due 2020, as an add-on to its existing $450 million in principal amount of Senior Notes currently outstanding that the Company originally sold in a private offering in May 2012. The additional Senior Notes will be issued at a price of 102% of par. The Offering is expected to close on or about December 18, 2012.
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Tronox Ltd (NYSE:TROX) shares increased 10.15% to $17.37. The company’s creditors concluded their case for recovering at least $14 billion in damages from Anadarko Petroleum Corp. (APC)’s Kerr-McGee unit over a spinoff they say drove Tronox into bankruptcy. David Zott, an attorney for a litigation trust, delivered a closing argument today in a trial started in May in U.S. Bankruptcy Court in Manhattan over the unit’s sale. The trust is charged with pursuing claims stemming from the deal on behalf of Tronox creditors.
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