Cyberonics&#39; Shares Jumps on Stock Buy
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Advanced Neuromodulation Systems Inc. reported Friday that it purchased 3.5 million shares of Cyberonics Inc., taking a 14.9 percent stake in the Houston-based medical device maker, and expressed an interest in combining the two companies.
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Stocks gained on Monday, as investors snapped up shares of energy and materials companies on a surge in global commodity prices.
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EMC Corp , the top maker of corporate data storage equipment, reported a 74 percent rise in quarterly profit and doubled its stock buyback program to $2 billion, sending shares up 4 percent on Thursday.
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Shares of electronics maker Kenwood Corp. &lt;6765.T&gt; jumped as much as 10 percent on Monday on news it has resumed talks with Matsushita Electric Industrial Co. Ltd. &lt;6752.T&gt; to buy a stake in JVC &lt;6792.T&gt; after a deal with private equity firm Texas Pacific...
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Europe's major stock indices have climbed after Wall Street had rebounded overnight, and on takeover news which included a multi-billion-dollar buy-out of Australian airline Qantas.
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Stocks rose on Monday, boosted by takeover news in the telecommunications sector.
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Shares rose on Wednesday, led by technology and energy stocks, in another volatile day on Wall Street.
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Advanced Neuromodulation Systems  ANSI.O on Friday said it took an equity stake in Cyberonics  Inc. CYBX.O and initiated discussions about combining the two  companies.
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Technology stocks climbed near a  2-month high on Monday, as investors seeing value in a battered  group bought software and semiconductor shares, while higher  crude oil prices limited blue-chip gains.
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Billabong International&#39;s shares surged yesterday after the surfware giant pushed its profit growth forecasts up to 30 per cent.
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U.S. stocks rose on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O buyout offer and data showed  better-than-expected November retail sales, signaling an uptick  in consumer spending.
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European stocks staged a broad rebound on Thursday with the banking sector leading the gains, while French engineer Alstom reported strong sales growth.
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Medical device and drug company stocks closed up Wednesday after being in the spotlight after two device companies reported Food and Drug Administration approvals for products, but shares of Cyberonics Inc.
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Shares surged on Wall Street on Friday night, pushing the Dow over 100 points higher, as tech stocks rallied and drug giant Merck staged a 1 per cent rebound following its 26 per cent fall on Thursday.
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Silicon Laboratories Inc.  on  Monday reported better-than-expected quarterly results, on  stronger sales of its computer chips used in mobile handsets  and other communications devices, and its shares jumped 20  percent.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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NEW YORK US stocks rose Monday after the software maker PeopleSoft accepted Oracle&#39;s buyout offer and data showed better-than-expected November retail sales, signaling an uptick in consumer spending.