Tellabs, Inc. (NASDAQ:TLAB) Soars 2.80% - CI, TLAB, BYD, TSO

Lakeway, TX -- (SBWIRE) -- 02/08/2013 -- Bestdamnpennystocks, 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:-

CIGNA Corporation (NYSE:CI) went up 2.82% and closed at $61.35. The Company announced a definitive agreement with Berkshire Hathaway Life Insurance Company of Nebraska. Under the terms, Berkshire will reinsure Cigna's Run-off Guaranteed Minimum Death Benefits and Guaranteed Minimum Income Benefits businesses effective February 4, 2013. Cigna will fund this transaction with an incremental $100 million of parent company cash, approximately $1.8 billion of investment assets.

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Tellabs, Inc. (NASDAQ:TLAB) moved up 2.79% and closed at $2.21. Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of a class composed of all purchasers of the securities of Tellabs, Inc. between October 26, 2010 and April 26, 2011.

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Boyd Gaming Corporation (NYSE:BYD) surged up 2.75% and closed at $7.10. The Kansas Star Casino was not included in layoffs by Boyd Gaming Corp. Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company is an operator of 16 wholly owned gaming entertainment properties and one controlling interest in a limited liability company.

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Tesoro Corporation (NYSE:TSO) escalated 2.72% and closed at $52.55. The Company reported fourth quarter 2012 net income of $27 million or $0.19 per diluted share compared to net loss of $124 million or $0.89 per diluted share in the fourth quarter of 2011. The retail fuel sales volumes in the fourth quarter were up 20% year-over-year.

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