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Company News for August 30, 2011

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•    Bank of America (NYSE:BAC) shares increased 8.12% to close at $8.39 after the bank disclosed it would be selling half of its holdings to China Construction Bank Corp in order to raise capital

•    Share prices of insurer The Allstate Corp. (NYSE:ALL) advanced 8.50% to close at $26.30 after estimates showed property damage from Hurricane Irene was relatively lower

•    Crosshair Exploration & Mining (AMEX:CXZ) has told Australian American Mining Corp. Limited that it wishes to acquire its United States uranium assets. As per the proposal, AusAm will get US$12.85 million payable in Crosshair shares

•    Share prices of Samson Oil & Gas (AMEX:SSN) gained 3.83% after exploration company was awarded 956 net acres of leasehold land on conditional basis by the University of Wyoming

•    Pharma giants Bristol-Myers Squibb (NYSE:BMY) and Pfizer (NYSE:PFE) said their drug ELIQUIS was better than Warfarin for the reduction of stroke with much lower major bleeding

•    Share prices of AMR Corp. (NYSE:AMR) increased 8.59% after analysts at Ticonderoga Securities upgraded its rating on the parent company of American Airlines from "Sell" rating to "Neutral" rating

•    Analysts at BB&T Capital Markets upgraded shares of Barnes Group Inc. (NYSE:B)  to "Buy" rating  from "Hold" rating

•    A report in Barron's said that maker of Nine West shoes, Jones Group Inc. (NYSE:JNY) could almost double its value. Following this development, shares of the company advanced 8.44% to close at $11.44

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