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Company News for June 26, 2012

Zacks Equity Research

•    Shares of Chesapeake Energy Corporation (NYSE:CHK) and EnCana Corporation (NYSE:ECA) plunged 8.5% and 4.1% respectively following a Reuters report according to which  top officials of the firms deliberately avoided bidding against each other

•    Old Republic International Corporation (NYSE:ORI) lost 10.1% after it canceled the spinoff of its subsidiary, Republic Financial Indemnity Group

•    Shares of Kirby Corporation (NYSE:KEX) fell 11.1%, the highest in the past 20 months after it lowered its earnings forecast for the current quarter as well as for the full year ending December 2012

•    Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) declined 22.4% after a US District Court gave a verdict in favor of rival Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Teva had filed a patent infringement lawsuit for its best-selling multiple sclerosis drug Copaxone against Momenta

Read the analyst report on CHK

Read the analyst report on ECA

Read the analyst report on ORI

Read the analyst report on KEX

Read the analyst report on MNTA

Read the analyst report on TEVA

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