4 Buzzing Equity Movers: Yahoo! Climbs 1%, While Mosaic Falls 3%
Yahoo! Inc. (NASDAQ:YHOO) shares are climbing 1 percent higher early Thursday. Alibaba.com Ltd. has hired lobbying firm Duberstein Group Inc. as it seeks a deal with the internet portal giant.
Shares of BP PLC (NYSE:BP) are edging .14 percent lower. Some employees of the oil giant may face criminal charges relating to the 2010 oil spill disaster in the Gulf of Mexico. Shares of Chevron Corp. (NYSE:CVX) and Exxon Mobil (NYSE:XOM) are climbing higher on the news.
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The Mosaic Company (NYSE:MOS) is down more than 3 percent after announcing it will cut phosphate output by as much as 250,000 tons. Mosaic is the world’s largest producer of phosphate fertilizer. Other fertilizer stocks such as Potash Corp. of Saskatchewan, Inc. (NYSE:POT) climbed slightly higher.
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) shares are falling 1.5 percent this morning. Enobia Pharma Inc. has agreed to be purchased by Alexion for about $1.1 billion. Pharmaceutical competitors such as Amgen Inc. (NASDAQ:AMGN) and Baxter International (NYSE:BAX) are trading slightly higher.
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