Stocks In News (ENB, WLT, URBN, Yahoo! Inc, COP)

Enbridge Inc (USA) (NYSE:ENB) surged up 0.4% to $32.71. The Company started sending inspectors and staff on Manta Ray natural gas pipeline after the system’s platforms in the Gulf of Mexico were found undamaged by Tropical Storm Lee.

Walter Energy Inc (NYSE:WLT) soared 28.22% to $96.13. Liberum Capital Ltd said that Anglo American Plc would not like to make an offer for Walter Energy Inc mainly due to the location of its reserves.

Urban Outfitters Inc (NASDAQ:URBN) moved down 2.91% to $25.03. The Company said that comparable retail segment net sales are low single-digit negative during the third quarter of fiscal 2012.

Yahoo! Inc (NASDAQ:YHOO) jumped up 5.42% to $13.61. The Company announced a leadership reorganization under which the Board of Directors has appointed Timothy Morse as Interim Chief Executive Officer, replacing Carol Bartz. In addition, the Company also announced strategic review to help to review growth for the most-visited U.S. Web portal.

ConocoPhillips  (NYSE:COP) increased 1.78% to $66.86. The CEO of ConocoPhillips said that the Company spun-off refining business. Its chemicals and pipeline business will boost the Company’s growth.


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