Today's Big Gainers: MRVL, MENT, CHTP, TYC
Friday, August 20, 2021 3:09 PM

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Marvell Technology Group Ltd. (NASDAQ: MRVL) jumped more than 10% on Friday, a day after its second-quarter profit more than tripled as it benefited from robust revenue growth in its mobile and wireless segment.

Mentor Graphics Corp. (NASDAQ: MENT) surged more than 8% after it reported a narrower second-quarter loss of $14.2 million, or 13 cents per share. That compares to a loss of $21.3 million, or 22 cents per share, in the year-earlier quarter.

Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) soared as much as 11% on Friday, a day after it announced that a new investigator-led phase II clinical study of Droxidopa, an oral synthetic precursor of norepinephrine, has been initiated in chronic fatigue syndrome.

Tyco International (NYSE: TYC) rallied more than 4%. Standard & Poor’s announced late Thursday that Tyco International (NYSE: TYC) will replace Smith International in the Standard & Poor’s 500 Index at the close of trading on August 26 as Schlumberger Ltd. finalizes its purchase of the oil-services company. 

Disclosure: Author doesn't own any of the stocks discussed here.


 

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  • SKorea boosts security as NKorea issues warning Nov 25, 2021 01:20 AM

    • INCHEON, South Korea - South Korea's president vowed Thursday to boost troops on an island targeted by a North Korean artillery barrage, while the North stridently warned of additional attacks if the South carries out any "reckless military provocations."
    • Seoul and Washington also increased pressure on China to use its influence on ally North Korea to ease soaring tensions that erupted after an exchange of fire Tuesday that left four South Koreans dead - including two civilians.
    • The North's bombardment of a tiny South Korean island of Yeongpyeong along a disputed maritime frontier alarmed world leaders including President Barack Obama, who reaffirmed plans for joint maneuvers with Seoul involving a nuclear-powered aircraft carrier in the Yellow Sea starting Sunday.
      • Go for turkey, not stuffing to keep the weight off Nov 25, 2021 12:44 AM

        • LOS ANGELES - More turkey, less white bread and mashed potatoes.
        • Just in time for holiday feasting, a large study found that diets higher in protein and lower in carbohydrates can help overweight adults who managed to drop some weight keep it off.
        • European researchers led by Denmark's University of Copenhagen think they have a solution to break the cycle.
          • Mexico sending more troops to zone next to Texas Nov 25, 2021 12:44 AM

            • MEXICO CITY - Mexico will send more troops and federal police to try to control drug violence that has spiraled into warfare in parts of the northeast along the U.S. border, the government said Wednesday.
            • The goal of "Coordinated Operation Northeast" is to reinforce government authority in the two states most heavily affected by a surge in violence following a split between the Gulf and Zetas drug gangs, federal police spokesman Alejandro Poire said.
            • But in a media briefing with all federal security officials and governors of Nuevo Leon and Tamaulipas, the affected states, Poire provided no details or numbers of reinforcements and answered no questions.
              • Powerful storm to bring snow, ice to the Dakotas Nov 25, 2021 12:44 AM

                • BISMARCK, N.D. - A powerful storm that pummeled much of the West is promising to bring its chaotic mix of snow, sleet and ice to much of the Dakotas on Thanksgiving Day.
                • Meteorologists warned residents in the Dakotas to expect a range of messy wintery weather, from freezing drizzle in the eastern two-thirds of South Dakota to a possible blizzard in eastern North Dakota.
                • "Like the Boy Scouts, you've got to be prepared for a North Dakota winter or you're asking for your own problems," said Gerald Miller, 52, who plowed roads on his farm just east of Bismarck on Wednesday.
                  • Pope's remarks on condoms sow widespread confusion Nov 25, 2021 12:44 AM

                    • RALEIGH, N.C. - Some Roman Catholics are confused.
                    • Days after the release of Pope Benedict XVI's comments that condoms can be justified to prevent the spread of HIV, there is widespread confusion about exactly what he was trying to say.
                    • "It's a mess," said John Haas, president of the National Catholic Bioethics Center in Philadelphia, which advises church leaders, hospitals and Vatican offices.

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