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Company News for November 9, 2011

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•    Activision Blizzard (NASDAQ:ATVI) posted Q3 EPS of $0.07, surpassing the Zacks Consensus Estimate of $0.02 per share. Revenues for the quarter came in at $754 million

•    China Automotive (NASDAQ:CAAS) reported Q3 EPS of $0.10, lower than the Zacks Consensus Estimate of $0.15 per share. Revenues for the quarter fell 1.4% year-over-year to $75 million

•    Landry’s Restaurants, Inc (NYSE:LNY) announced that it will acquire seafood-restaurant chain,  McCormick & Schmick’s Seafood Restaurants Inc. (NASDAQ:MSSR) in a deal worth around $131.6 million

•    Pharma companies Amylin Pharmaceuticals (NASDAQ:AMLN) and Eli Lilly (NYSE:LLY) signed an agreement to terminate their alliance and settle an outstanding litigation

•    Electric power company Dynegy Inc.’s (NYSE:DYN) shares gained more than 27.46% to close the day at $3.76 after the company said one of its subsidiaries has filed for bankruptcy protection and was willing to restructure its debt

•    Signet Jewelers Ltd.’s (NYSE:SIG) share prices advanced 7.59% to end the day at $45.93 after Standard & Poor’s said the company will replace Varian Semiconductor (NASDAQ:VSEA) in its MidCap 400 Index after markets hours on Thursday

•    Share prices of Babcock & Wilcox Co. (NYSE:BWC) gained 6.52% after the company's third-quarter earnings results came in above the Street’s expectations

•    Barclays Capital downgraded shares of Niksa Gas Storage Partners LLC (NYSE:NKA) to "Underweight" rating from "Equal Weight" rating

•    RBC Capital downgraded shares of  Alliant Techsystems (NYSE:ATK)  to "Sector Perform" rating from "Outperform" rating

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