General Motors
is seeing a slight pullback after hours, following a huge run-up in
regular trading. Shares closed up more than 24% after the company told
U.S. officials it can survive without $2 billion in additional aid that
it had requested to get through March. Stepped-up cost-cutting measures
and holding off on some planned spending helped. Shares are down more
than 6% in extended trading.
Shares of Lions Gate Entertainment
(nyse:
LGF -
news
-
people
)
also fell after hours, down more than 4% on the idea that billionaire
Carl Icahn could gain control of the boutique movie company. Fitch
analyst Jamie Rizzo told investors that if Icahn’s latest move to buy
up the company’s convertible bonds succeeds, he'll have "effective
control."
Anadys Pharmaceuticals
(nasdaq:
ANDS -
news
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people
)
is heading higher after hours. Shares are soaring, up nearly 8% in
extended trading, on word the company is in late-stage partnership
discussions about its experimental hepatitis C treatment. Anadys
reports five companies have conducted formal due diligence and a couple
more are scheduled.
Shares of National Beverage Corporation
(nasdaq:
FIZZ -
news
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people
)
jumped more than 6% after hours on an 11% rise in profits on higher
sales in the third quarter. The company says consumers are focusing
more on value today, which boosts demand for its Shasta, Everfresh and
LaCroix drink brands.
And Comscore released its data on top search engines for February. No surprise. Google
(nasdaq:
GOOG -
news
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people
) is the No. 1 search engine--leading the U.S core search market last month with 63.3% of the searches conducted. Yahoo
(nasdaq:
YHOO -
news
-
people
) was next with 20.6%, while Microsoft
(nasdaq:
MSFT -
news
-
people
) held 8.2% of the market,
Ask
Network--which has been tailoring its marketing toward the racing
audience, with prominent ads during televised NASCAR races--is in
fourth place with 4.1% of the searches. AOL rounds out the top five
with 3.9%. Overall, Americans conducted 13.1 billion searches, down 3%
from January.
