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Company News for January 12, 2012

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•    Raymond James Financial Inc. (NYSE:RJF) announced that it will acquire Morgan Keegan & Co. Inc., the brokerage subsidiary of Regions Financial Corp. (NYSE:RF) for $930 million. Following this development, shares of Regions Financial advanced 2.13%

•    Grocery store operator Supervalu Inc. (NYSE:SVU) reported a higher third quarter net loss due to continued high food prices and a turnaround plan costs. Share of the company fell 12.51% to finally settle at $7.34 a share

•    Share prices of photography icon Eastman Kodak Co (NYSE:EK) surged 35.83% to close at $0.815 after the company filed a patent infringement suit against tech giant Apple (NASDAQ:AAPL) and HTC of Taiwan

•    Israeli company Elbit Imaging Ltd.’s (NASDAQ:EMITF) U.S. listed share prices rocketed up more than 27% after the company announced it was selling 47 shopping centre in the US for $1.43 billion

•    U.S. listed shares of Chinese internet-tv company Youku Inc. (NYSE:YOKU) advanced 11.36% a day after the company signed an agreement with Twentieth Century Fox Home Entertainment (NASDAQ:NWSA) to license 250 films

•    Shares of Franklin Resources Inc. (NYSE:BEN) fell 5.04% to close at $96.67 after the mutual-fund manager's assets under management dropped last month

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