Below we highlight few companies whose shares are actively trading in Friday's session.
Citigroup Inc. (NYSE: C) rallied more than 3% after the Wall Street Journal reported that the company has entered into exclusive talks with one bidding group for the long-delayed sale of its OneMain consumer financial services business formerly known as CitiFinancial.
Ford Motor Co. (NYSE: F) rose as much as 2% after the company said that its U.S. June sales rose 13.6% to 194,114 vehicles from 170,900 a year ago.
Las Vegas Sands Corp. (NYSE: LVS) surged more than 4% after China’s Macau Gaming Bureau announced that first-half revenue increased 45 percent from a year earlier, and June revenue increased 52 percent from the same month in 2010.
KB Home (NYSE: KBH) jumped more than 4% on Friday after homebuilder said in a statement it doesn’t plan to issue equity and forecasts “more than ample” liquidity at the end of its fiscal year.
InterDigital, Inc. (NASDAQ: IDCC) soared more than 14% after a consortium that includes Apple, Microsoft, Research In Motion, Sony, EMC and Ericsson paid $4.5 billion for the Nortel patents, outbidding Google and others. The price was 5 times Google’s opening bid for the patents, adding that the strong demand “shows the rising stakes of intellectual property in the increasingly competitive and litigious smartphone business.” The portfolio includes 6,000 patents and patent applications in telecom, Internet search and social networking.
Full Disclosure: None.
Citigroup Inc. (NYSE: C) rallied more than 3% after the Wall Street Journal reported that the company has entered into exclusive talks with one bidding group for the long-delayed sale of its OneMain consumer financial services business formerly known as CitiFinancial.
Ford Motor Co. (NYSE: F) rose as much as 2% after the company said that its U.S. June sales rose 13.6% to 194,114 vehicles from 170,900 a year ago.
Las Vegas Sands Corp. (NYSE: LVS) surged more than 4% after China’s Macau Gaming Bureau announced that first-half revenue increased 45 percent from a year earlier, and June revenue increased 52 percent from the same month in 2010.
KB Home (NYSE: KBH) jumped more than 4% on Friday after homebuilder said in a statement it doesn’t plan to issue equity and forecasts “more than ample” liquidity at the end of its fiscal year.
InterDigital, Inc. (NASDAQ: IDCC) soared more than 14% after a consortium that includes Apple, Microsoft, Research In Motion, Sony, EMC and Ericsson paid $4.5 billion for the Nortel patents, outbidding Google and others. The price was 5 times Google’s opening bid for the patents, adding that the strong demand “shows the rising stakes of intellectual property in the increasingly competitive and litigious smartphone business.” The portfolio includes 6,000 patents and patent applications in telecom, Internet search and social networking.
Full Disclosure: None.
