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Company News for January 16, 2012

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•    Shares of JP Morgan Chase & Co. (NYSE:JPM) declined 2.5% after the company reported its fourth quarter earnings per share of $0.90, lower than the Zacks Consensus Estimate of $0.92

•    According to The Wall Street Journal, federal prosecutors were inquiring if the financial practices of Diamond Foods, Inc. (NASDAQ:DMND) involved criminal fraud. Shares of the company slumped 10.3%

•    A day after Rovi Corporation (NASDAQ:ROVI) projected a strong outlook for 2012 and announced that it would sell a product line to Corel Corp, its shares jumped 10.5%

•    Archer Daniels Midland gave notice to Metabolix, Inc. (NASDAQ:MBLX) that the former was terminating the Telles joint venture. Shares of Metabolix suffered a fall of 57.6%

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