Market Focus

Vodafone

Vodafone will buy Spain’s largest cable operator, Ono, for about $10 billion. The move is a way for the British telecommunications company to expand its broadband offerings. Vodafone will gain 1.9 million new customers from the deal. Shares rose more than one percent to $37.45.

Amgen

Shares of Amgen rose on news its cholesterol drug met study goals in a late-stage trial. The company says the treatment significantly cut bad LDL cholesterol levels among patients with high genetic cholesterol. The stock rose one percent to $123.86.

Under Armour

Under Armour shares jumped on news its board approved a two-for-one stock split. This is the athletic gear maker’s second stock split since going public in 2005. The retailer’s CEO says he believed the move might broaden the stock’s investor base and improve trading liquidity. The stock was up two percent to $119.67.

Sears

Shares of Sears were higher on news the retailer’s board okay-ed the spinoff of Land’s End late Friday. The casual clothing retailer will begin trading on the Nasdaq in April under the ticker symbol LE. The stock rose almost two percent to $44.84.

VeriSign

Shares of VeriSign plunged on concerns that its business may be hurt by a U.S. government plan to give up oversight of the internet’s domain-naming system. Because of that, Cowan & Co. cut its rating on the internet address manager to “market perform” from “outperform” citing worries that VeriSign won’t be able to renew some of its .com and .net contracts. The stock tumbled about six percent to $51.68.

Twitter

Twitter CEO Dick Costolo is planning what’s being described as a personal trip to Shanghai. This is Costolo’s first ever trip to China. He plans to meet with students and government officials. The company declined to comment on what will be discussed with officials. Twitter has been blocked by Chinese sensors since 2009. Shares were up a fraction to $52.05

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