Company News for April 12, 2011 - Corporate Summary

• Level 3 Communications LVLT and Global Crossing Limited GLBC have entered into a agreement under which Level 3 will acquire Global Crossing in a stock-for-stock transaction

• Endo Pharmaceuticals' ENDP said that it would buy urological medical device supplier American Medical Systems AMMD for about $2.6 billion

• Alcoa AA reported Q1 EPS of $0.28, ex-items, ahead of the Zacks Consensus Estimate of $0.27 per share. Revenues for the quarter rose 22% year-over-year to $6.0 billion, lower than the Zacks Consensus Estimate of $6.112 billion

• Share prices of Molycorp, Inc. MCP increased 5% after JP Morgan JPM raised its target price to $90 from $74

• Credit Suisse upgraded BHP Billiton BHP to ‘Outperform' from ‘Neutral' rating. Share prices of BHP Billiton gained 1.34% to close at $102.68

• Flowers Food Inc. FLO said it would pay $4 a share, or $34.4 million, for the packaged-sweets manufacturer Tasty Baking Co TSTY

• Biotechnology company Biogen Idec Inc. BIIB reported that its experimental multiple-sclerosis drug showed promising results in two late stage studies

• Tenet Healthcare Corp.THC has filed a lawsuit against Community Health Systems Inc. CYH claiming its rival hospital operator had improperly admitted patients to benefit financially