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Corporate Summary

•    Chesapeake Energy Corporation (NYSE:CHK) gained 3.4% after Carl Icahn reported a 7.6% stake in the company. He said the company’s corporate governance is far from satisfactory and four board members need to be replaced

•    Shares of VeriFone Systems Inc (NYSE:PAY) declined 6.3% after it responded to inventor inquires for additional details on cash flow for the six months ending April 30, 2012

•    The Bank of Nova Scotia (NYSE:BNS) reported second quarter earnings per share of $1.15, missing the Zacks Consensus Estimate of $1.16 by a penny

•    Sanderson Farms, Inc. (NASDAQ:SAFM) reported second quarter earnings per share of $1.04, surpassing the Zacks Consensus Estimate of $0.86

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