NEW YORK, January 28, 2012 – Sony Corporation (ADR) (NYSE: SNE) augmented 5.34% to $15.18. Citigroup upgraded the rating of Sony to buy from neutral. According to report from Reuters, a Japanese state-backed fund wants a Nissan Motor Co Ltd and NEC Corp joint venture to buy Sony Corp's lithium-ion battery unit to prevent rivals in China and Taiwan.
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Hess Corp (NYSE: HES) moved up 6.99% to $63.02. The Company announced that Elliott Associates L.P. and its associated entity, Elliott International Ltd has informed the company of plans to buy up to $800 million of its stock in the company. Elliott intends to file a Hart-Scott-Rodino notification seeking clearance to acquire the stock.
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AK Steel Holding Corporation (NYSE: AKS) decreased 4.05% to $4.26. Goldman Sachs lowered the rating on AK Steel Holding Corporation to sell. AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly owned subsidiary, AK Steel Corporation.
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BP plc (ADR) (NYSE: BP) went up 0.48% to $44.14. The Company said scheduled maintenance began last week at its Cherry Point refinery in Blain, Washington. The unit, or units involved and the duration of the maintenance weren't specified.
According to report from Dow Jones, Russian court dismissed a $3 billion damages ruling against BP Plc and closed the case. This will also end months of legal strife for the Company as it finalizes a deal to sell out of its joint venture in the country and take a stake in NK Rosneft' OAO. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items like plastic bottles.
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Yelp Inc (NYSE: YELP) declined 0.71% to $21.02. The Boston Business Journal reported that hundreds of businesses have filed complaints against online review site Yelp, claiming that it skewed reviews to favor advertisers.
The Company will issue its financial results for the fourth quarter and full year ended December 31, 2012 after the market close on February 6, 2013. Yelp operates a directory services and social networking website. Its online community provides information on urban city guide.
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