Liz Claiborne, Inc. (NYSE:LIZ) is the biggest gainer and soared 37.06% to $6.99 after the company said that it has decided to sell its Liz Claiborne and Monet brands to J.C. Penney Co. (JCP) for $267.5 million. The company, which said it is also looking for a new name, will also sell smaller brands like Kensie, Kensiegirl, and Mac & Jac in addition to ending its licensing deal with designer Donna Karan for DKNY Jeans.
A123 Systems, Inc. (NASDAQ:AONE) added 17.27% to $3.88 after the company said that it has decided to supply batteries for an electric vehicle that General Motors Co. (GM US) plans to start selling in 2013.
Frontline Ltd. (USA) (NYSE:FRO) climbed 19.80% to $5.99 bouncing back from its recent lows. The stock has gained about 24% in the past one week. The stock has 52-week range of $3.88-$29.17. The company has a market capitalization of $466.37 million.
Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) gained 9.37% to $34.90 after its announcement that it has restructured its partnership with Bayer HealthCare for the global development and marketing of Nexavar (sorafenib) tablets and entered into a new agreement related to regorafenib, a late-stage oncology compound.
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