Company News for October 9, 2012

Zacks

•    Shares of Glu Mobile, Inc. (NASDAQ:GLUU) added 1.8% after the company closed a gambling deal with U.K.-based Probability PLC; financial details of which were not disclosed

•    Progress Software Corporation’s (NASDAQ:PRGS) stock suffered a 13.8% decline following the withdrawal of it revenue forecast for the fourth quarter and an announcement that its CEO Jay Bhatt will vacate office

•    UnitedHealth Group Inc. (NYSE:UNH) will acquire a 90% stake in Brazil-based Amil Participacoes SA for $4.9 billion

•    A drop in fuel prices led Renewable Energy Group Inc (NASDAQ:REGI) to slash its third quarter earnings projections. Shares of the company subsequently lost 21.6%
 

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