Stocks In news (AZN, CLC, IR, YGE, HRBN)

Astrazeneca_largeAstraZeneca plc (ADR) (NYSE:AZN) declined 1.82% to $44.26.  The company reached a settlement with Handa Pharmaceuticals LLC that keeps the privately held company from selling a generic form of the anti psychotic medicine Seroquel XR in the U.S. until late 2016.

CLARCOR Inc (NYSE:CLC) is down 0.50% to $42.10.The Company has increased the regular quarterly dividend from $0.105 per share to $0.12 per share, payable on October 21, 2011 to shareholders.

Ingersoll-Rand PLC (NYSE:IR) decreased 16.15% to $26.83 after the Company reduced its estimate for third-quarter earnings and revenue. The Company expects earnings from continuing operations of 77 cents to 80 cents per share on revenue of $3.9 billion to $3.95 billion for third quarter.

Yingli Green Energy Hold. Co. Ltd. (ADR)  (NYSE:YGE) declined 3.67% to $3.15. The Board of Directors has authorized a share repurchase program up to $100 million worth of American Depositary Shares.

Harbin Electric Inc (NASDAQ:HRBN) jumped up 8.33% to $20.80. The Company scheduled a special shareholders meeting on October 29, 2011to vote on a $24 per -share cash offer from Tech Full Electric to take the company private.


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