Amazon.com Inc. (AMZN) fell 1.4 percent to $187.29. The largest Internet retailer has started shipping the Kindle Touch 3G to customers in 175 countries and territories around the world, the company said in a statement.
Amylin Pharmaceuticals Inc. (AMLN) climbed 10 percent to $25.30. The maker of diabetes drugs Bydureon and Byetta is seeking a buyer after rejecting an unsolicited bid from Bristol- Myers Squibb Co. (BMY) , two people with knowledge of the matter said.
Ardea Biosciences Inc. (RDEA) surged 51 percent to $31.53. The company will be bought byAstraZeneca Plc (AZN) for $1.26 billion, or $32 a share, to add experimental gout and cancer treatment in an effort to replenish AstraZeneca’s drug pipeline.
Deutsche Bank AG (DB) declined 4.1 percent to $43.52. Germany’s largest bank was said to probably book an additional charge of as much as 400 million euros ($528 million) tied to the sale of Actavis Group hf.
Kellogg Co. (K) fell 5.1 percent to $51.26. The maker of Corn Flakes cereal and Keebler cookies said it expects to have 2012 profit of $3.18 to $3.30 per share, reducing its outlook for the year after a first quarter in which sales fell 1.3 percent.
Otelco Inc. (OTT) : Time Warner Cable Inc. (TWC US) said it won’t renew a wholesale network connections contract that accounted for 12 percent of the provider of wireless telephone services to rural communities’ 2011 revenue.
Piper Jaffray Cos. (PJC) : The investment bank and asset manager will cut 2 percent to 3 percent of its workforce as part of an effort to reduce costs. The measures will result in a pretax charge of as much as $5 million in the second quarter, the company said in a statement.
Tellabs Inc. (TLAB) : Rob Pullen, chief executive officer of the voice and data systems company, said in a statement that he has been diagnosed with colon cancer and began chemotherapy “a few” weeks ago.
Wal-Mart Stores Inc. (WMT) dropped 3.1 percent to $60.53. Mexican Finance Minister Jose Antonio Meade said authorities don’t have enough information to open an investigation into alleged bribery at the retailer’s local subsidiary. The New York Times reported that the company curtailed an internal investigation into allegations of bribery by executives in Mexico.”
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