Stocks in News: Petroleo Brasileiro Petrobras SA, General Moly, Inc., Atlantic Coast Federal Corporation, Lowe's Companies, Inc.

Las Vegas, NV -- (SBWIRE) -- 02/26/2013 -- Cogonews.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) declined 0.54% to $14.83. The Company Petrobras is in advanced talks to sell stakes in its refineries and other assets in Argentina for $400 million to Argentine company Oil Combustibles. According to report from Reuters, Petrobras was interested in selling its stakes in the Argentine refinery Dr. Ricardo Eliçabe in Buenos Aires and in the refinery Refinor in the province of Salta.

Can PBR Extend Massive Gain? Find Out Here

General Moly, Inc. (NYSE:GMO) decreased 6.11% to $2.92. The Company provided an update to the Mt. Hope Project's financing and development. Early construction activities are progressing as planned at the Mt. Hope project site including cultural clearance, clearing and grubbing, wood harvesting, and the development of wells and water pipelines.

Can GMO Extend Gain? Find Out Here

Atlantic Coast Federal Corporation (NASDAQ:ACFC) jumped up 22.25% to $4.33. The Company has entered into a definitive merger agreement with Bond Street Holdings, Inc. under which the Company will merge into Bond Street, a community-oriented bank holding company with $3.2 billion in total assets that operates 41 community banking branches along both Florida coasts and in the Orlando area. This transaction will achieve immediate enhanced value for all stockholders with respect to the present value of their investment.

How Should Investors Trade ACFC Now? Find Out Here

Lowe's Companies, Inc. (NYSE:LOW) surged up 2.68% to $36.78. The Company reported net earnings of $288 million and diluted earnings per share of $0.26 for the fourth quarter of 2012. Sales for the fourth quarter decreased 5.0% to $11.0 billion from $11.6 billion in the fourth quarter of 2011. Comparable store sales for the fourth quarter of 2012 increased 1.9% on a consolidated basis. As of February 1, 2013, Lowe's operated 1,754 stores in the United States, Canada and Mexico representing 197.4 million square feet of retail selling space.

Can LOW Bounce Back? Find Out Here

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