Pompano Beach, FL, November 6, 2012 -- Vringo, Inc.(AMEX: VRNG) shares fell 2.28% to $3.86. The company recently provided an update on its wholly-owned subsidiary I/P Engine's case styled I/P Engine vs. AOL et al., which is currently in trial in U.S. District Court, Eastern District of Virginia, Norfolk Division. Vringo currently expects closing arguments in the case to commence on Thursday, November 1, 2012, and that thereafter the Court will instruct the jury on its deliberations.
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Cheniere Energy, Inc.(AMEX: LNG) shares climbed 1.40% to $15.98 in the early hour. The company reported a net loss of $109.0 million, or $0.52 per share (basic and diluted), for the three months ended September 30, 2012, as compared to a net loss of $53.9 million, or $0.67 per share (basic and diluted), for the comparable 2011 period.
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YM BioSciences Inc. (USA)(AMEX: YMI) shares dropped 1.19% to $1.66. The company reported interim results from the Phase I/II study of CYT387, a JAK1/JAK2 inhibitor currently being evaluated for the treatment of myelofibrosis, which were included in an abstract submitted to the American Society of Hematology in August 2012. Updated results will be presented in an Oral Session at the 2012 Annual Meeting of the American Society of Hematology to be held in Atlanta, Georgia on December 9, 2012.
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NovaGold Resources Inc. (USA)(AMEX: NG) shares declined 0.65% to $4.56. The company announced that it has completed the transfer of Alaska Gold Company LLC ("AGC"), including the Rock Creek property ("Rock Creek") in and around Nome, Alaska, to Bering Straits Native Corporation ("BSNC") for $6.265 million. NOVAGOLD also announced that the State of Alaska accepted completion of the initial phase of the Rock Creek closure plan and released $6.8 million of the $20.3 million financial assurance bond associated with Rock Creek.
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Walter Investment Management Corp(AMEX: WAC) stock dropped 2.27% to $41.75. The company, on November 1, announced it has completed its previously announced acquisition of Reverse Mortgage Solutions, Inc. (RMS). Terms of the transaction were not disclosed. The 52 week
trading range for the company is $17.87 - $48.54. The shares of the company climbed 69% in the last one year.
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