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Stock of the Day

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50Read the full article...

Read the rest of Red Hat (RHT) Rockets on Third Quarter Earnings at InvestorGuide.com.

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percentRead the full article...

Read the rest of Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results at InvestorGuide.com.

Today’s Top News

Merck (MRK) acquired Swiss biotech privately held company, OncoEthix, and added a promising experimental early-stage candidate, OTX015, to its oncology portfolio.

ALLETE, Inc.'s (ALE), ALLETE Clean Energy has acquired NRG Energy, Inc.'s (NRG) 108 megawatt wind generation facility in Storm Lake, IA.

Starwood Hotels & Resorts Worldwide, Inc. (HOT) announced the opening of two hotels in Colombia, at Bogota and Barranquilla, under the brand Four Points by Sheraton.

U.S. Bancorp (USB) is set to shell out $6 million to settle a complaint filed as a class-action by Oklahoma Police Pension and Retirement System in 2011, per a Reuters report.

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