New York, December 02, 2013 /Accesswire/ - Market Buzz Report, a leading penny stock newsletters provider, issues major news alert for Facebook Inc(NASDAQ:FB), Apple Inc.(NASDAQ:AAPL), Cell Therapeutics Inc (NASDAQ:CTIC), Qihoo 360 Technology Co Ltd (NYSE:QIHU).
Facebook Inc(NASDAQ:FB) shares dropped 0.04% to $46.96 in the pre-market hour. The company announced that Jason Taylor, Director, Infrastructure will participate in the Credit Suisse Technology Conference on December 4, 2013 at 8:30am Pacific Time (9:30am MT).
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Additionally, Facebook on Oct. 31 said that it earned $425 million, or 17 cents per share, in the third quarter. Adjusted earnings were $621 million, or $0.25 per share. That's $0.06 better than analysts expected. Revenue grew 60% to $2.02 billion. Analysts were expecting revenue of $1.91 billion.
Inc.(NASDAQ:AAPL) shares increased 0.33% to $558.70. A jury on Nov. 21 said that Samsung Electronics would have to pay Apple $290 million more in damages for violating patents, putting an end to one chapter in the long-running patent struggle between the two tech companies, Brian X. Chen reports. The six-woman, two-man jury calculated the damages based on 13 products that infringed Apple’s patents. They determined that two smartphones incurred the heftiest damages: Samsung’s Infuse 4G, at about $100 million, and the Droid Charge, at $60 million.
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Additionally, the company on Nov. 12 announced iPad® mini with Retina® display is available starting today. The new iPad mini brings all the pixels from the 9.7-inch iPad to its 7.9-inch screen, delivering razor sharp text and detail in an amazingly thin and light design. It features the powerful and power-efficient Apple-designed A7 chip with 64-bit desktop-class architecture, ultrafast wireless with faster built-in Wi-Fi and expanded LTE cellular connectivity, iOS 7 featuring hundreds of great new features and access to all 475,000 apps designed specifically for iPad.
Cell Therapeutics Inc (NASDAQ:CTIC) shares climbed 5.67% to $2.05 in the pre-market hour. The company on Dec. 2 announced that it has received a $5 million milestone payment from Teva Pharmaceutical Industries Ltd. (Teva) related to the achievement of a sales milestone for TRISENOX® (arsenic trioxide). TRISENOX was acquired from CTI by Cephalon, Inc. (Cephalon). Cephalon was subsequently acquired by Teva. The milestone was paid pursuant to an acquisition agreement for TRISENOX entered into with Cephalon under which CTI is eligible to receive up to an additional $95 million in payments upon achievement by Teva of specified sales and development milestones related to TRISENOX.
Free Urgent Insider Catalyst Report For CTIC Available Here: http://marketbuzzreport.com/index.php?code=CTIC (Or Copy and paste the URL into your browser)Additionally, Baxter International Inc. (BAX) and CTIC on Nov. 15 jointly announced that they have entered into an exclusive worldwide licensing agreement to develop and commercialize pacritinib. Pacritinib is a novel investigational JAK2/FLT3 inhibitor with activity against genetic mutations linked to myelofibrosis, leukemia and certain solid tumors. Pacritinib is currently in Phase III development for patients with myelofibrosis, a chronic malignant bone marrow disorder.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) shares gained 0.17% to $81.71 in the pre-market hour. The company on Nov. 24 reported its unaudited financial results for the quarter ended Sept. 30, 2013. Revenues were $187.9 million, an increase of 124% from $84.0 million in the 3Q2012 and an increase of 24% from $151.7 million in the 2Q2013. Net income attributable to Qihoo 360 was $44.5 million, compared to $12.9 million in the 3Q2012 and $33.0 million in the prior quarter. Non-GAAP Net income was $61.5 million, compared to $24.2 million in the 3Q2012 and $51.0 million in the prior quarter.
Free Urgent Insider Catalyst Report For QIHU Available Here: http://marketbuzzreport.com/index.php?code=QIHU (Or Copy and paste the URL into your browser)
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