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Corporate Summary

•    Share prices of Verizon Communication (NYSE:VZ) fell 1.59% after its fourth-quarter earnings came in at $0.52 cents, a penny below expectations

•    Supplier of oilfield tools and services Baker Hughes’s (NYSE:BHI) fourth quarter sales and earnings came in below expectations due to rising costs and supply chain issues

•    Piper Jaffray said drug developers Achillion Pharmaceuticals Inc. (NASDAQ:ACHN) could be a likely acquisition target. Following this development, shares of Achillion surged 16.72% to close at $10.75

•    Israeli drug developer BioLineRx Ltd's. (NASDAQ:BLRX) U.S. listed share prices rocketed up 68.69% after the company signed an agreement with French company Genoscience to market and develop a hepatitis C treatment

•    Departmental store operator Bon-Ton Stores (NASDAQ:BONT) named Mr. Brendan Hoffman as its new CEO. Following this development, shares of the company advanced 16.41% to end the day at $3.76

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