Stocks In News (TEL, NKE, QCOR, RL, CHK)

TE Connectivity Ltd (NYSE:TEL) soared 1.74% to $29.27. The Board of Directors approved a recommendation to increase the quarterly dividend from $0.18 to $0.21 per share for the four fiscal quarters beginning with the third quarter of 2012.

NIKE Inc (NYSE:NKE) jumped up 0.68% to $91.19. The Company is putting an effort to lower production costs and promote a new generation of green- technology businesses. The Company is setting up a venture-capital offshoot called the Sustainable Business & Innovation Lab.

Questcor Pharmaceuticals Inc (NASDAQ:QCOR) jumped up 8.67% to $27.94 after the Company announced preliminary operating metrics for its third quarter. New paid prescriptions for H.P. Acthar Gel are expected to exceed 850. New paid prescriptions for nephrotic syndrome are expected to exceed 55. The Company currently expects to release its financial results for the third quarter on October 25, 2011.

Ralph Lauren Corp (NYSE:RL) declined 1.95% to $145.67. Citi downgraded the rating on the stock from buy to hold.  Chesapeake Energy Corporation (NYSE:CHK) soared 3.18% to $28.59. The stock is up after the announcement of its success in its initial drilling in the Utica shale area of Pennsylvania and Ohio and raised its outlook for liquids production.


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