The U.S. Court of Appeals upheld a district court's ruling of contempt against EchoStar Communications in an ongoing patent dispute between the two companies. TiVo is seeking a permanent injunction against EchoStar and Dish Network for infringing on a TiVo patent.
Puerto Rico-based bank Doral (DRL) saw its shares soar 32% to $1.37 after it reported a net profit of $3.3 million, reversing a $3.5 million loss in the year ago quarter on the back of improving asset quality.
Shares of Prana Biotech (PRAN) were gaining 16% to $2.58 after the company said it was accelerating the development of its PBT2 compound that is used to treat Alzheimer's Disease and Huntington's Disease.Shares of bio-pharma company Oxigene (OXGN) were gaining 7% to $1.73. The company announced that clinical investigators have enrolled the first patient in phase 2 trials of of Zyberstat in patients with ovarian cancer. AEZS Pharmaceuticals (AEZS) and ACADIA Pharmaceuticals (ACAD) were other biotech stocks in play on Tuesday, rising 5% and 4.6% respectively. Shares of Jaguar Mining (JAG) surged 5.6% to $5.77 after JPMorgan upgraded its rating on the gold miner to an overweight from neutral. --Written by Shanthi Bharatwaj in New York
>To contact the writer of this article, click here: Shanthi Bharatwaj. >To follow the writer on Twitter, go to http://twitter.com/shavenk. >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV