Solar Energy Initiatives, Inc. (OTCBB:SNRY) reached up 71.05% in morning trading to $.065 with 450K shares traded. Solar Energy Initiatives, Inc. is a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale solar projects. Solar Energy Initiatives, Inc. (OTCBB:SNRY.OB - News) today announced that the company has signed a definitive agreement to purchase certain assets of a company focused in the digital internet marketing space. The asset purchase is scheduled to close no later than July 15, 2012.
Savient Pharmaceuticals, Inc. (NasdaqGM: SVNT) reached up 19.88% in morning trading to $1.8701 with 1M shares traded. Savient Pharmaceuticals, Inc. is a specialty biopharmaceutical company focused on developing and commercializing KRYSTEXXA® (pegloticase) for the treatment of chronic gout in adult patients refractory to conventional therapy. Savient Pharmaceuticals, Inc. (SVNT) today announced that the Company has entered into definitive agreements with certain holders of its currently outstanding 4.75% convertible senior notes due 2018 (the "Existing Notes").
SuperMedia (NASDAQ:SPMD) reached up 32.75% in morning trading to $2.31 with 250K shares traded. SuperMedia Inc. helps small- and medium-sized businesses grow through effective local marketing solutions across print, online, mobile and social media. SuperMedia (NASDAQ:SPMD - News) today announced its financial results for the first quarter 2012. Q1 2012 Takeaways: Operating income margins improved by over 500 basis points versus the same period in 2011; Operating revenue declined 17.1 percent versus the first quarter of 2011; Cash provided by operating activities was $105 million; Below par debt repurchase of $60 million; Cash at the end of the period was $157 million.
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