Company News for June 14, 2013

Zacks

•    Empire Co. announced it was purchasing Safeway Inc.’s (NYSE:SWY) Canadian assets for $5.7 billion, following which shares of the company surged 7.4%

•    Gannett Co., Inc. (NYSE:GCI) revealed its intentions of buying Belo Corp (NYSE:BLC) for $1.5 billion. Following this announcement, shares of Gannet surged 34% while shares of Belo spiked 28.3%

•    Shares of Williams Companies, Inc. (NYSE:WMB) dropped 1% following an explosion and a fire at one of its chemical plants in Louisiana

•    Following the U.S. Supreme Court’s order that human genes cannot be patented, shares of Myriad Genetics, Inc. (NASDAQ:MYGN) dropped 5.6%
 

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Read the analyst report on GCI

Read the analyst report on WMB

Read the analyst report on MYGN

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