Company News for February 29, 2012

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Wed, Feb 29, 2012, 6:45 AM

• Semiconductor maker Micron Technology Inc.’s (NASDAQ:MU) shares advanced 3.74% to close at $8.88 after Intel Corp. (NASDAQ:INTC) said it plans to sell off its stake in two wafer factories to Micron

• Share prices of Priceline.com Inc. (NASDAQ:PCLN) gained 6.97% after the global online-travel agency's fourth-quarter profit came in above the market expectations. Separately, the company also reported strong growth in bookings

• Private education provider Apollo Group Inc.’s (NASDAQ:APOL) share prices fell 16.26% to end the day at $43.04 after the company reduced its student enrollment estimates

• Fruit-and-vegetable supplier Fresh Del Monte Produce Inc.’s (NSYE:FDP) shares declined 8.05% after the company posted a fourth-quarter loss

• Global contract drilling service provider Rowan Companies Inc. (NYSE:RDC) announced its plans to move its headquarters to the United Kingdom from Houston

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Company News for February 29, 2012

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