Among the stock activity stories for Friday, May 16, from AP Financial News:
NEW YORK (AP) _ Shares of Melco PBL Entertainment Inc. fell Friday as investors largely discounted the benefits of the company's agreement with A-Max Holdings, according to an analyst.
NEW YORK (AP) _ Shares of clinical-stage pharmaceutical company Pharmasset Inc. rose Friday after analysts expressed optimism about the company's hepatitis Cdrug candidate in partnership with Roche AG.
NEW YORK (AP) _ Shares of Jamba Inc., which operates the Jamba Juice smoothie chain, fell after the company said it will close 10 underperforming stores and cut 53 workers to cut costs.
NEW YORK (AP) _ Alkermes Inc. shares rose Friday after an analyst predicted stronger sales of its schizophrenia drug Risperdal Consta and good clinical data for a diabetes drug candidate.
NEW YORK (AP) _ Shares of KongZhong Corp. fell Friday after the Chinese wireless entertainment provider said its first-quarter profit fell over 94 percent as expenses and revenue sharing with handset makers increased.
NEW YORK (AP) _ Shares of American Express Co. fell Friday as the company's April delinquency data showed more customers are missing payments and an analyst said the stock is vulnerable for at least the next six months.
NEW YORK (AP) _ Starbucks Corp. shares rose Friday after billionaire investor Nelson Peltz disclosed that his investment fund bought a stake in the specialty coffee retailer.
NEW YORK (AP) _ Shares of cosmetic surgery products maker Mentor Corp. declined Friday after the company gave fiscal year 2009 profit estimates that fell short of Wall Street expectations.
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