Posts Tagged ‘Wednesday’

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Harman jumps 7% on upgrade

SAN FRANCISCO (MarketWatch) — Harman International shares jumped more than 7% to $46.69 early Wednesday after J.P. Morgan upgraded the high-end audio systems maker to overweight on increased demand for luxury cars and improved margins. The broker also raised the price target on Harman shares to $52 from $39. The stock has rallied 33% so [...]

Palabora appeals granting of mining right to 3rd party

Palabora Mining said on Wednesday it had appealed the granting of a new mining right to a third party over an area it was already mining, in the latest dispute over mining rights in South Africa. ||| Palabora Mining said on Wednesday it had appealed the granting of a new mining right to a third [...]

First Franklin shares jump 80% on Cheviot takeover

First Franklin Corp. shares jumped 80% Wednesday after Cheviot Financial Corp. said it would buy the the Blue Ash, Ohio-based parent company of The Franklin Savings and Loan Co. for $14.50 per share, or 1.85 times the October 12 closing market price of First Franklin of $7.82 per share. First Franklin Corp. expects the merger [...]