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Company News for December 28, 2011

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•    Share prices of oil and gas company Endeavour International Corp (NYSE:END) increased 24.06% after the company agreed to purchase a stake in three oil fields from ConocoPhillips' (NYSE:COP) for $330 million

•    Retailer Sears Holdings Corp.’s (NASDAQ:SHLD) shares plummeted 27.20% to close at $33.38 after it confirmed plans to shut 100 stores. Sears also reported continuing sales troubles in the current quarter

•    Oil and gas company Magnum Hunter Resources Corp (NYSE:MHR) raised its production outlook for both the current and coming year. Following this development, shares of the company advanced 17.13% to close at $5.47

•    Shares of fragrance maker Perlux Fragrances Inc. (NASDAQ:PARL) rocketed up 71.18% to $5.94 after Perfumania Holdings Inc. (NASDAQ:PERF) said it would acquire Perlux in a deal worth $170 million

•    Pediatric nutrition company Mead Johnson Nutrition Co.’s (NYSE:MJN) shares rose 5.80% after it said that a new round of tests failed to detect any bacteria in its infant formula

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