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Company News for August 27, 2013

Zacks Equity Research

•    Shares of Amgen, Inc. (NASDAQ:AMGN) jumped more than 7% after the company said it will purchase cancer drug maker Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) for around $10.4 billion

•    Anadarko Petroleum Corporation (NYSE:APC) said the company has sold a 10% stake to India’s Oil and Natural Gas Corp. in an offshore Mozambique gas field for $2.64 billion

•    AstraZeneca plc (:ADR) (NYSE:AZN) has agreed to pay up to $500 million to acquire biotech company Amplimmune

•    Qihoo 360 Technology Co Ltd (NYSE:QIHU) posted second quarter earnings per share of $0.26, easily surpassing the Zacks Consensus Estimate of $0.13

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