** EXPEDITORS INTERNATIONAL OF WASHINGTON INC, $43.70, down 5.6 pct (2:45 p.m. The maker of corrugated and consumer packaging products late on Monday reported fourth-quarter revenue that missed analysts estimates as container board shipments fell. The seller of industrial equipment at auctions reported third-quarter results that beat analysts estimates as its auction revenue rate rose. Analysts on average had expected a profit of 8 cents per share, according to Thomson Reuters I/B/E/S. The company reported a quarterly loss of 25 cents per share in the third quarter. The supplier of cab-related products and systems said it expects global construction equipment business to remain flat for the rest of the year and estimated North America Class 8 builds to be about 252,000 in 2013. ** COMMERCIAL VEHICLE GROUP INC $7.06, down 9 pct (11.44 a.m. Advantage’s owners said the book value of the cars passed to them at the time of the sale last year was too high. ET)Īdvantage Rent A Car, which Hertz hived off as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars. The home healthcare and hospice services provider narrowed its full-year earnings forecast range after reporting third-quarter results well below analysts’ estimates, hurt by a cut in Medicare reimbursement and impact of sequestration. Biofuel Energy said it had earlier made a cash offer to its lenders for the plants, which has now expired. The ethanol producer said its lenders would sell the company’s ethanol plants to Green Plains Renewable Energy Inc. Morgan Securities, Wells Fargo Securities and Oppenheimer & Co cut their rating on the company’s stock, while Stifel Nicolaus cut its price target. ExlService said the termination arose from an incident where its employees shared a procedural document externally. The provider of outsourcing services said late on Monday that it had received a notice of termination from The Travelers Indemnity Co. The firm also said NQ’s cash balances were “highly likely to not exist.” The firm said on Thursday at least 72 percent of NQ’s purported 2012 revenue from sales of its security products in China was fictitious, coming from a shell company called Yidatong that Muddy Waters alleged was controlled by NQ.
The Chinese mobile security software company continues to be hurt by Muddy Waters Research Group’s allegations of being a “massive fraud.” 30, when Oxygen said a Duke Clinical Research Institute analysis of data from 14 independent clinical trials on the use of its drug, levosimendan, showed the drug is associated with reduced mortality in patients undergoing heart surgery. The medica products maker’s stock price doubled on Tuesday morning, continuing its rise that began on Oct. The Nasdaq Composite Index was up 0.21 percent at 3,944.89. The Standard & Poor's 500 Index was down 0.10 percent at 1,766.12. The Dow Jones industrial average was up 0.01 percent at 15,641.32. stocks seesawed between modest gains and losses on Tuesday following two days of gains on Wall Street as investors weighed the implications of strong economic data for the path of monetary policy over the next several months. (For more market insights, including options activity, click on for the Day Ahead newsletter /mex49s the Morning Call newsletter, r./vut44v) U.S.