NEW YORK ( TheStreet) -- U.S. regulators rejected NuPathe's ( PATH) migraine patch Zelrix, the company said.

Shares were plummeting 53.3% to $1.89 in premarket trading Tuesday.


Flat panel display materials and technologies developer Universal Display ( PANL) said it has entered a technology license agreement with Panasonic Idemitsu OLED Lighting Co. , a joint venture between Panasonic Electric Works and Idemitsu Kosan.

Universal Display shares were climbing 11.3% to $57.


Discount retailer Dollar General ( DG) reported second-quarter adjusted earnings 52 cents a share, compared with the average analyst expectation of 48 cents a share.

Shares were spiking 4.2% to $35.20.


Jacksonville, Fla.-based supermarket operator Winn-Dixie Stores ( WINN) forecasted adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $120 million to $135 million with same-store sales seen rising 2.5% to 3.5% for fiscal 2012 after topping Wall Street's profit expectations for its fiscal fourth-quarter results as same-store sales rose 3.2%.


Australian mining company Macarthur Coal has yielded to a sweetened 4.83 billion Australian dollar ($5.12 billion) offer from coal company Peabody Energy ( BTU) and steel producer ArcelorMittal ( MT).

ArcelorMittal shares were down 1.9% to $20.72.


Offshore contract drilling services company Transocean ( RIG) has been downgraded to neutral from outperform by Macquarie. Shares were sliding 1.6% to $54.23.


1-800-Flowers.com ( FLWS) posted breakeven fourth-quarter earnings per share vs. the Wall Street consensus target of a penny a share.


Drew Industries ( DW), a leading parts supplier for recreational vehicles homes, said its wholly-owned subsidiary, Kinro, bought windows manufacturer Starquest Products for $22.6 million.


Independent oil and gas company Clayton Williams Energy ( CWEI) now plans to spend $385 million on exploration and development activities in fiscal 2011, a reduction of $54 million from previous estimates. The company has also lowered its oil and gas production expectations for the remainder of the year.


CoreLogic ( CLGX) has hired advisory firm Greenhill & Co. to help the real estate and financial information company explore strategic options, including a possible sale or merger, Reuters reported.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:


Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Teva (TEVA) Acquires NuPathe (PATH) for $144 Million

NuPathe Picks Teva as Merger Partner

Why NuPathe Inc. (PATH) Is Up Today

Nupathe's Failure to Launch Leads to Modest Takeover

5 Stocks Under $10 Set to Soar