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April 23, 2009

Plains Falls After Selling 12 Million Common Shares

April 22 (Bloomberg) — Plains Exploration & Production Co., the U.S. oil and gas producer with operations in California, Texas and Louisiana, fell 8.9 percent after announcing that it sold 12 million shares of common stock at a discount to yesterday’s closing price.
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Pakistan’s Regulator May ‘Challenge’ Order on Trading Limit

Dec. 13 (Bloomberg) -- Pakistan’s regulator said it will “challenge” a court order if it’s forced to delay the lifting of stock trading limits scheduled on Dec. 15. Click here for more info

Business briefs

Eden Bioscience Corp. completed a 1-for-3 reverse stock split Friday, reducing its total shares from more than 8 million to just 2.7 million. The move is designed to increase the Bothell company's stock trading price, which has stayed below $1 a share for months.

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Tokyo exchange takes the blame

Stock market says its system obstructed effort by brokerage to cancel erroneous sell order.

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