Company News for February 22, 2012

•    Developers of proprietary biocatalyst Codexis Inc. (NASDAQ:CDXS - Snapshot Report) announced that its president and chief executive has resigned

•    Canada’s Fortis Inc. revealed that its plans to purchase CH Energy Group Inc. (NYSE:CHG - Snapshot Report) for $66 per share. Following this development, shares of CH Energy surged 12.68% to end the day at $66.22

•    Shares of oil exploration company Cobalt International Energy Inc. (NSYE:CIE - Snapshot Report) slid 6.05% following the company's decision to sell 47 million shares in order to fund capital expenditures

•    Share prices of silver producer Hecla Mining Co. (NYSE:HL - Snapshot Report) advanced 9.16% to close at $5.48 after the company posted record sales and profits for 2011

•    Mexican company Genomma Lab offered to buy Prestige Brands Holdings Inc. (NYSE:PBH - Snapshot Report) for $16.60 per share. Prestige Brands is a manufacturer of healthcare and housing cleaning products

•    Pharmaceutical company Corcept Therapeutics Inc. (NASDAQ:CORT - Snapshot Report) said it had received approval from the U.S. Food and Drug Administration for its treatment for high blood sugar

Read the full analyst report on CDXS

Read the full analyst report on CHG

Read the full analyst report on CIE

Read the full analyst report on HL

Read the full analyst report on PBH

Read the full analyst report on CORT