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Company News for September 16, 2013

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•    Shares of Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) surged 17.3% after reporting earnings per share of $0.70 in the second quarter (ended August 3, 2013), beating the Zacks Consensus Estimate of $0.67

•    Occidental Petroleum Corporation (NASDAQ:OXY) shares dropped 1.7% following reports that the company will divest a minority stake in its Middle East operations worth $8 billion

•    J.C. Penney Company, Inc. (NYSE:JCP) shares lost 0.7% after Steven Roth, Chairman and CEO of Vornado Realty Trust,  announced his resignation from the company’s board

•    Galena Biopharma Inc (NASDAQ:GALE) shares dropped 14.9% after the company divested 17.5 million shares for $2 a piece

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