• Shares of Titanium Metals Corp. (NYSE:TIE) increased 7.02% after the company announced the extension of its titanium supply agreement with Boeing Co. (NYSE:BA). According to a regulatory filing, the company’s outstanding shares came down after it bought back some of its own stock
• Transcept Pharmaceuticals Inc. (NASDAQ:TSPT) said the FDA will not allow the company to market its insomnia drug Intermezzo. Following this development, shares of the bio-pharma company dropped 42.49% to end the day’s trade at $4.94
• Kinetic Concepts Inc. (NYSE:KCI) announced that a private-equity consortium consisting of Apax Partners and two major Canadian pension funds have agreed to acquire the medical-device maker in a deal worth $68.50 per share or $6.3 billion
• Shares of Investment Technology Group Inc. (NYSE:ITG) lost 13.95% after the firm said it expects its second quarter loss to come in between $4.62 to $5.18 per share. The financial technology firm also announced plans of lowering costs by cutting jobs
• Share prices of Glu Mobile Inc. (NASDAQ:GLUU) gained 6.73% on news that Electronic Arts Inc. (NASDAQ:ERTS) has acquired PopCap Games in a deal worth around $1.3 billion
• Clean Energy Fuels Corp. (NASDAQ:CLNE) shares gained 12.80% after Chesapeake Energy Corp. (NYSE:CHK) announced on Tuesday that it would invest $150 billion in Clean Energy Fuels Corp. (NASDAQ:CLNE) over the next three years. These funds will enable Chesapeake Energy to develop liquefied natural-gas truck-fueling stations
• Analysts at Brean Murray Carret & Co. initiated coverage on shares of InterMune Inc. (NASDAQ:ITMN) with a “Buy” rating and set a target price of $50 on the stock
• Goldman Sachs’ equity research analysts downgraded Grupo Televisa SA (NYSE:TV) to “Sell” rating from “Neutral” rating, cutting its target price for the stock to $21.50 from $24.50
