Company News for April 18, 2011 - Corporate Summary

• Chesapeake Energy Corp's. CHK share prices gained 0.25% after it announced plans to buy Bronco Drilling Co. BRNC for $11 a share. The purchase price represents a 24% premium over Bronco's average 90-day closing price

• A report from Bloomberg cited that eBay Inc. EBAY gains in its bid to grow its business in China

• Share prices of French chip company Sequans Communications SQNS fell 17.5% to close at $8.25 on its first day of trading on the New York Stock Exchange

• Share prices of Bank of America BAC fell 2.36% after the banking giant reported a 36% decline in first-quarter profits as the foreclosures crisis continued to squeeze its home loan business. Bank of America is the largest U.S. bank by assets

• Shares of Merck MRK rose 1.92% to $34.51 after the pharmacy company announced early on Friday that it has reached a deal with Johnson & Johnson JNJ which will allow it to retain some of the marketing rights to the lucrative rheumatoid arthritis drug Remicade

• According to Amylin and partners, Alkermes, Inc. ALKS and Eli Lilly & Co. LLY, an EU regulatory panel has recommended that their diabetes drug Bydureon be approved and the final decision regarding the matter is expected within three months

• Analysts at Citigroup C upgraded Finish Line Inc FINL to "Buy" from “Hold” rating and increased the price target from $22 to $25

• Susquehanna analysts upgraded Rosetta Resources Inc. ROSE to a “Neutral” rating with a target price of $50.00 per share

• RBC Capital Markets upgraded RHINO RESOURCES INC. RNO to "Outperform" form "Sector perform" with a price target of $28