What’s Moving These Hot Stocks: ViroPharma, Bank of America, SIRIUS XM, Chesapeake
ViroPharma Inc. (NASDAQ:VPHM): The milder 2012 flu season has led to first quarter net sales of Vancocin falling 4 percent to $66.2 million, when contrasted year-to-year with $69.3 million in 2011.
Bank of America Corporation (NYSE:BAC) said the only investment that yielded positive results last month was bonds, according to a Bloomberg report. This is the first time such a situation has occurred since 2008. More specifically, Bank of America Merrill Lynch index data indicates that fixed-income assets gained 0.7 percent, including reinvested interest, The MSCI All-Country World Index of stocks decreased by 1.1 percent, including dividends, and the Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products fell by 0.5 percent. Meanwhile, the U.S. Dollar Index decreased 0.3 percent.
SIRIUS XM Radio Inc. (NASDAQ:SIRI) is bringing its app for Google’s (NASDAQ:GOOG) Android operating system, up to speed, says The Verge. Following the update, up to five hours of satellite radio station programming could be replayed, as well as accessing SiriusXM’s program guide.
Chesapeake Energy Corporation (NYSE:CHK) says that its Board of Directors has renegotiated the terms of its Founder Well Participation Program with Chairman and CEO Aubrey K. McClendon. The Program will be terminated on June 30, 2014, which represents an 18-month pull back of its current term ending date of December 31, 2015. Further, this early termination will yield no compensation of any sort to Mr. McClendon, as he agrees to forego such benefits. The FWPP had been approved by shareholders in 2005, for a term of ten years, and Mr. McClendon had been provided at that time with a contractual right to participate and invest as a working interest owner in new wells drilled on the company’s leasehold. He will give up his position as Non-Executive Chairman, following the appointment of a new holder, but will continue as CEO.
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