(CPO) Company News for July 01, 2011 – Corporate Summary

•    Shares of Cell Therapeutics, Inc. (NASDAQ:CTIC) declined by 19.64% after the cancer drug developer said it was selling Series 13 preferred stock worth $30 million

•    Vitamin maker USANA Health Sciences Inc.’s (NYSE:USNA) shares rose 7.90% after the company’s projected second-quarter profits came in above the Street’s estimates

•    The Board of directors of Worthington Industries Inc. (NYSE:WOR) has authorized the repurchase of an additional 10 million shares of the company. The metal processor also increased its quarterly dividend payout to investors

•    Share prices of Lockheed Martin (NYSE:LMT) rose marginally after the defense supplier said it would initiate a cost-cutting program by laying off 1500 employees in its Aeronautics business area which will help increase the operational efficiency of the company’s products

•    The U.S. Department of Energy granted Arizona-based First Solar (NASDAQ:FSLR) conditional loan guarantees worth $4.5 billion for three projects managed by the solar company. Following this development, share prices of  the photovoltaic solar panel maker rose 2.20% to close at 132.27

•    NetApp Inc.’s (NASDAQ:NTAP) shares rose 5.64% a day after the  storage-networking equipment provider  said the company has decided to repurchase common stock worth $200 million

•    Analysts at Keybanc (NYSE:KEY) initiated coverage on Corn Products International, Inc. (NYSE:CPO) with a “Hold” rating

•    Sterne Agee downgraded shares of Canadian yoga wear chain Lululemon Athletica Inc. (NASDAQ:LULU) from “Buy” rating to “Neutral” rating

•    U.S.-listed shares of Lloyds Banking Group PLC (NYSE:LYG) gained 10.25% after the British bank announced it was reducing its employee count by 15,000

CORN PROD INTL (CPO): Free Stock Analysis Report

CELL THERAPEUT (CTIC): Free Stock Analysis Report

FIRST SOLAR INC (FSLR): Free Stock Analysis Report

KEYCORP NEW (KEY): Free Stock Analysis Report

LOCKHEED MARTIN (LMT): Free Stock Analysis Report

LULULEMON ATHLT (LULU): Free Stock Analysis Report

LLOYDS BANK GRP (LYG): Free Stock Analysis Report

NETAPP INC (NTAP): Free Stock Analysis Report

USANA HLTH SCI (USNA): Free Stock Analysis Report

WORTHINGTON IND (WOR): Free Stock Analysis Report

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