Company News for December 13, 2011

Zacks

•    Car rental company Dollar Thrifty Automotive Group (NYSE:DTG) said the company's CEO and President Mr. Scott L. Thompson will take over the role of Chairman of the Board of Directors with immediate effect. He succeeds Richard W Neu who will assume the role of Lead Independent Director

•    Food and beverage company Sara Lee (NYSE:SLE) announced it had purchased Amsterdam based beverage chain CoffeeCompany which consists of 35 cafe bars

•    Shares of energy company Cheniere Energy Inc. (AMEX:LNG) gained 5.46% a share after one of the company's subsidiary concluded an agreement to sell natural gas to Indian gas transmission and marketing company Gail Ltd

•    Drug maker Endo Pharmaceuticals Holdings Inc.’s (NASDAQ:ENDP) share prices increased 5.97%  to close at $36.04 after the company said U.S. Food and Drug Administration regulators has given the nod to the new version of its painkiller

•    Share prices of gravel provider Martin Marietta Materials, Inc. (NYSE:MLM) rose after the company initiated a hostile takeover bid for Vulcan Materials (NYSE:VMC). Following this development, share prices of Vulcan Materials advanced 15.35% to close at $38.70

•    Share prices of chip maker Intel Corp. (NASDAQ:INTC) fell 4.04% to close at $24 a share after the company lowered its fourth-quarter revenue outlook below the Street’s estimates

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