Company News for April 18, 2011

•Chesapeake Energy Corp's. (NYSE:CHK) share prices gained 0.25% after it announced plans to buy Bronco Drilling Co. (NASDAQ:BRNC) for $11 a share. The purchase price represents a 24% premium over Bronco’s average 90-day closing price

•A report from Bloomberg cited that eBay Inc. (NASDAQ:EBAY) gains in its bid to grow its business in China

•Share prices of French chip company Sequans Communications (NYSE:SQNS) fell 17.5% to close at $8.25 on its first day of trading on the New York Stock Exchange

•Share prices of Bank of America (NYSE:BAC) fell 2.36% after the banking giant reported a 36% decline in first-quarter profits as the foreclosures crisis continued to squeeze its home loan business. Bank of America is the largest U.S. bank by assets

•Shares of Merck (NYSE:MRK) rose 1.92% to $34.51 after the pharmacy company announced early on Friday that it has reached a deal with Johnson & Johnson (NYSE:JNJ) which will allow it to retain some of the marketing rights to the lucrative rheumatoid arthritis drug Remicade

•According to Amylin and partners, Alkermes, Inc. (NASDAQ:ALKS) and Eli Lilly & Co. (NYSE:LLY), an EU regulatory panel has recommended that their diabetes drug Bydureon be approved and the final decision regarding the matter is expected within three months

•Analysts at Citigroup (NYSE:C) upgraded Finish Line Inc (NASDAQ:FINL) to "Buy" from “Hold” rating and increased the price target from $22 to $25

•Susquehanna analysts upgraded Rosetta Resources Inc. (NASDAQ:ROSE) to a “Neutral” rating with a target price of $50.00 per share

•RBC Capital Markets upgraded RHINO RESOURCES INC. (NYSE:RNO) to "Outperform" form "Sector perform" with a price target of $28