Udpated from 2:21 p.m. EDT
got a lift Monday after telecom-services giant
said over the weekend it's in talks to buy one-third of Olimpia, which in turn has an 18% stake in the Italian company. The deal's value would be partly based on a Telecom Italia per-share price of $3.77 (2.82 euros).
AT&T will make the purchase from Pirelli & C (Olimpia's 80% owner) only if
buys an equal stake. Italian Telecom Italia's shares were up $2.66, or 9.3%, to $31.32. AT&T stock was down 20 cents earlier in the day but closed up 3 cents to $39.46.
( CTTY) shot up after the maker of gift-card processing services narrowed its 2006 loss to $2.26 a share from $2.48 a share in 2005. Sales roughly doubled to $1.9 million. Shares of the Michigan-based company gained 43 cents, or 19.6%, to $2.63.
Natural soft-drink maker
jumped on news it's launching a line of sodas sweetened with sugar rather than with high-fructose corn syrup. The Seattle-based company is branding the product line Jones Pure Cane Soda. Shares were up $2.13, or 10.5%, to $22.35.
( MEH) climbed after
( AAI) upped its buyout bid for the Orlando, Fla.-based airline by a third to about $15 a share in cash and stock, or roughly $389 million. AirTran announced the original offer in October. Midwest Air was up 99 cents, or 7.3%, to $14.50. AirTran shares were slipping 3 cents earlier in the day but closed up 13 cents at $10.40.
Blue Dolphin Energy
dropped after the Houston-based company's fourth-quarter income declined to $548,000, or a nickel a share, from last year's $909,000, or 9 cents a share. Revenue slid to $1 million from $1.7 million a year ago. Shares were off 29 cents, or 7%, to $3.83.