Foot Locker Inc. (NYSE: FL), a global retailer of athletic shoes and apparel, today, released its first-quarter financial results. FL shares have surged following the release of record quarterly results.

FL shares rose to an intra-day high of $31.83, and at last check, the stock was trading 8.96% higher at $30.52 on above average [...]

FriendFinder Networks Inc. (NASDAQ: FFN) shares are seeing huge activity in trading today. At last check, FFN shares were trading 7.60% lower at $1.58 on above average volume of 11.58 million. Despite the losses in trading today, FFN shares have risen 21.88% in the last three trading sessions.

FFN is among several social networking [...]

Shares of Pacific Sunwear of California Inc. (NASDAQ: PSUN), a specialty retailer engaged in the sale of a combination of branded and casual apparel, accessories and footwear designed to appeal to teens and young adults, are up sharply in early trading today.

PSUN shares are currently trading 18.56% higher at $1.40 on above average [...]

AISystems Inc. (OTC: ASYIE), a developer of software for the airline industry, has seen a sharp rise in its shares in trading today. At last check, ASYIE shares were trading 25% higher at $0.0025 on above average volume of 39.99 million. ASYIE has risen more than 38% in the last three trading sessions.

AISystems, [...]

Shares of Atrinsic Inc. (PINK: ATRN), a marketer of direct-to-consumer subscription products and an Internet search-marketing agency, are gaining momentum in early trading today.

ATRN shares are currently trading 16.16% higher at $0.0999 on above average volume of 4.24 million. The stock rose to an intra-day high of $0.11 today.

ATRN shares have risen [...]

Sunpeaks Ventures Inc. (OTC: SNPK) shares have risen sharply in early trading today. SNPK rose to an intra-day high of $0.13 today before paring some of the gains. At last check, the stock was trading 11.01% higher at $0.121 on volume of 2.70 million.

Despite the gains today, SNPK has had a disappointing week, [...]

Social networking giant Facebook completed its much-awaited IPO after-market close on Thursday. The IPO has been priced at $38 a share, which is the high-end of the expected range of $34-$38 per share.

Facebook’s IPO is the largest Internet IPO ever. The social networking company raised around $16 billion in the IPO and has [...]

Gap Inc. (NYSE: GPS), a global specialty apparel company, after-market close on Thursday reported its first-quarter financial results. The company’s first-quarter profit was flat. However, the San Francisco, California-based company raised its guidance for the year, sending shares higher in after-hours trading.

Gap’s first-quarter results suggest that the company is starting to get back [...]

Array Biopharma Inc. (NASDAQ: ARRY), a biopharmaceutical company engaged in the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases, has seen a sharp rise in its shares in trading today.

ARRY shares rose to a new 52-week high of $4.10 in trading today. At last [...]

Pansoft Company Limited (NASDAQ: PSOF), an enterprise resource planning software solutions and services provider for the oil and gas industry in China, has seen a sharp rise in its shares in trading today.

PSOF shares rose to an intra-day high of $4.09 in trading today. At last check, the stock was trading 23.58% higher [...]

East Coast Diversified Corp. (OTC: ECDC) shares are down sharply in early trading today. At last check, ECDC shares were trading 11.67% lower at $0.0053 on volume of 1.06 million.

East Coast Diversified, which is a holding corporation, this week, announced that its Master Licensee in Kenya, Asonicslive Interlink, secured a 5-year distributor agreement [...]

SurgLine International Inc. (PINK: SGLN), a distributor of high quality FDA approved medical and surgical products at discount prices, today, announced that it acquired Eden Surgical Technologies LLC.

A Texas Limited Liability Company, Eden distributes trauma products. Commenting on the development, Thomas Toland, CEO of SurgLine, said that SGLN is pleaded to announce that [...]

Unity Management Group Inc. (PINK: UYMG), a business resource company, has seen a sharp rise in its shares in early trading today.

UYMG shares are currently trading 21.21% higher at $0.0040 on above average volume of 10.33 million. The stock is up more than 33% in the last three trading sessions.

Unity Management shares [...]

Warren Buffett’s investment company Berkshire Hathaway (NYSE: BRK.A) has agreed to acquire 63 newspapers from Media General Inc., making it BRK.A’s largest foray into newspapers.

Under the terms of the agreement, Berkshire Hathaway will acquire the newspapers, which include the Richmond Times-Dispatch and the Winston-Salem Journal, for $142 million. Richmond, Virginia-based Media General is [...]

SINA Corporation (NASDAQ: SINA), an online media company and MVAS provider in the People’s Republic of China, released its quarterly results on Wednesday. The company’s shares surged on Wednesday as investors digested better-than-expected quarterly results.

SINA shares ended nearly 11% higher on Wednesday.

SINA, which runs the microblogging site Weibo in China, reported net [...]

At the Ira Sohn charity conference, David Einhorn revealed his longs and shorts. We were privileged to be part of the conference. Below is a quick rundown of his presentation:

1. Short Martin Marietta Materials. Says stock is overvalued and benefitted from a one-time national fiscal stimulus. Stock is down 8% after the comments.

KMA Global Solutions International Inc. (PINK: KMAG), a supplier of superior, cost-effective, source tagging products, this week, announced progress on shipments to major U.S.-based retailers.

KMAG said that recently, Jeffrey Reid, its CEO, visited the two factories that are in charge of the company’s production and shipping. One of the factory produces some of [...]

Shares of Premiere Opportunities Group Inc. (PINK: PPBL) are up sharply in trading today. At last check, PPBL shares were trading 22.22% higher at $0.0110 on above average volume of 3.31 million. The stock is up 37.5% this week.

Late last month, Premiere Opportunities announced that it set the week of May 20th for [...]

Great Wall Builders Ltd. (OTC: GWBU) is continuing to rally in early trading today. At last check, GWBU shares were trading 5.84% higher at $1.63 on above average volume of 8.57 million.

GWBU shares are up more than 84% this week. The stock has gained 150% since May 10.

Great Wall Builders shares have [...]

Microelectronics Technology Co. (PINK: MELY), this week, provided an update regarding the cloud computing opportunities it is strategically positioning to take advantage for future growth.

MELY, citing Forrester Research, said that global cloud computing market is expected to reach $241 billion in 2012 from $40.7 billion in 2010. In the report, called Sizing the [...]