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Corporate Summary

•    Shares of Ford Motor Co. (NYSE:F) dropped 2.7% after it reported a 7% drop in sales for the month of January that was sharply wider than analysts’ expectation of a 2.3% decline

•    Shares of ArthroCare Corporation (NASDAQ:ARTC) jumped 8.2% on news that it may be acquired by Smith & Nephew for a cash consideration of $1.7 billion

•    Pfizer Inc.’s (NYSE:PFE) share rose 0.7% after one of its cancer experimental candidates succeeded in clearing trials

•    Herbalife Ltd.’s (NYSE:HLF) shares were up 7.2% after it announced its plans to offer $1 billion of convertible notes. The proceeds from this may be used for repurchasing shares

 

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