Stocks Charging Market (NOK, VOXX, SVU, FBN)

Los Angelas, CA -- (SBWIRE) -- 01/11/2013 -- Nokia (NYSE:NOK) shares surged 18 percent on Thursday and continue to attract attention in late afternoon hours. The company announced it shipped 4.4 million Lumia devices in the fourth quarter. The new device boosted its total smartphone shipments to 6.6 million, the first increase in a year. Other smartphone players such as Apple (NASDAQ:AAPL) and Research in Motion (NASDAQ:RIMM) also climbed higher, as Nokia expects a negative first quarter for 2013 with an operating loss equivalent to 2 percent of sales.

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Shares of Voxx International Corp.( NASDAQ:VOXX), a maker of car stereos and other electronics, jumped Thursday after the company reported strong sales and earnings for its fiscal third quarter.Hauppauge-based Voxx (Nasdaq: VOXX), formerly known as Audiovox Corp., said income for the quarter ended Nov. 30 rose to $13.2 million, or 56 cents per share, from 38 cents per share a year earlier. Revenue jumped 17.5 percent to $243 million, driven by its acquisition of the Hirschmann brand and increases in mobile OEM and accessories. The company’s results for the quarter beat analysts’ forecasts of earnings of about 36 cents per share on revenue of $232 million. Voxx stock jumped Thursday to a high of $9.47 a share and was at $9.25 a share by late-afternoon trading, up 18 percent from Wednesday’s closing price.

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Supervalu Inc (NYSE:SVU) struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Management LP (CBS.UL), the No. 3 U.S. grocery store operator said on Thursday. Supervalu has been losing customers to rivals like Kroger Co (KR) and Wal-Mart Stores Inc (WMT). News of the pending asset sale sent its shares up more than 14 percent on the New York Stock Exchange. Supervalu said the sale includes 877 stores from the Albertsons, Acme, Jewel-Osco, Shaw's and Star Market chains as well as in-store pharmacies under the Osco and Sav-on names. The deal is seen as a real estate play for the buyer, which will spend $100 million in cash and take on $3.2 billion of Supervalu's debt. The sale is expected to close by the end of March. When that happens, Supervalu's business will include a food wholesaler serving 1,950 U.S. stores; the 1,300-store discount grocery chain Save-A-Lot; and the regional grocery chains Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.

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Furniture Brands International (NYSE:FBN) today announced that the Company will present at the 15th Annual ICR XChange Conference held at The Fontainebleau Miami Beach in Miami, Florida on Wednesday, January 16, 2013 at 11:05 am ET. Ralph Scozzafava, Chairman and Chief Executive Officer, and Vance Johnston, Senior Vice President and Chief Financial Officer, will host the presentation. Furniture Brands International, Inc. (FBN) is a world leader in designing, manufacturing, sourcing and retailing home furnishings. Furniture Brands markets products through a wide range of channels, including company owned Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. Furniture Brands serves its customers through some of the best known and most respected brands in the furniture industry, including Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge.

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