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Company News for January 3, 2013

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•    Apple Inc. (NASDAQ:AAPL) surged 3.2% after tech website The Next Web reported that the company has already began tests for new version of iPhone and iOS software

•    Shares of Zipcar Inc. (NASDAQ:ZIP) jumped 47.8% after it concluded an agreement as per which it will be purchased by Avis Budget Group Inc. (NASDAQ:CAR) at around $500 million in cash

•    Oil and gas company Magnum Hunter Resources Corp. (NYSE:MHR) rose 4% after it said it has entered into a joint operating agreement with Pennsylvania based private firm Eclipse Resources I, LP to expand its operations in Ohio

•    Shares of biopharmaceutical firm Synergy Pharmaceuticals Inc. (NASDAQ:SGYP) gained 18.1% after it announced that a later stage trial of its chronic constipation drug was successful

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Read the analyst report on MHR

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