McDonald’s, EMC, Quest Diagnostics Lead Equity Movers Jan. 24th
McDonald’s Corporation (NYSE:MCD): CEO Jim Skinner commented: “As we begin 2012, we are intensifying our efforts toward the global priorities that represent our greatest opportunities under the Plan to Win optimizing and evolving our menu, modernizing the customer experience and broadening accessibility to our Brand. In 2012, we plan to invest about $2.9B of capital roughly half dedicated to opening more than 1,300 new McDonald’s restaurants and the other half allocated to investing in our existing locations, including the reimaging of over 2,400 restaurants. I am confident that the investments we are making today will yield long-term value for our shareholders.” Shares of McDonald’s Corporation are trading 1.56% lower today.
EMC Corporation (NYSE:EMC): Reports Q4 revenue $5.6B vs. consensus $5.49B. Services sales $2.03B, Product sales $3.54B. Shares of EMC Corporation are trading 6.14% higher today.
Quest Diagnostics Incorporated (NYSE:DGX): Quest Diagnostics announced that its Board of Directors increased the company’s share repurchase authorization by $1B. This action increases the current share repurchase authorization to $1.1B. During 2011, the company repurchased approximately 17M shares of common stock for $935M. The company had 157M shares outstanding as of Dec. 31, 2011. Shares of Quest Diagnostics Incorporated are trading 5.68% higher today.
BioLineRx Ltd. – American Depositary Shares (NASDAQ:BLRX): BioLineRx announced it has signed a worldwide, exclusive license agreement with Genoscience, a French company focused on viral disease therapeutics, to develop and commercialize BL-8020, an orally available treatment for Hepatitis C. Shares of BioLineRx Ltd. – American Depositary Shares are trading 77.81% higher today.
Polycom Inc (NASDAQ:PLCM): Stifel Nicolaus increased its target on Polycom after the company reported better than expected Q4 results. The firm believes that the company is moving in the right direction in many areas and maintains a Buy rating. Shares of Polycom Inc are trading 16.4% higher today.
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