Thursday’s biggest gaining and declining stocks

Orlando, FL 6/14/12 (StreetBeat) – Below are some of the most active stocks in U.S. trading on Thursday:

Gainers

Quest Software (Nasdaq:QSFT) rose 8% Thursday after the firm said it’s received a proposal for a buyout of the firm at $25.50 in cash.

International Game Technology (NYSE:IGT) shares rose 10.3%. Earlier Thursday the company said it is buying back $1 billion of its common shares, including a $400 purchase form Goldman Sachs.

Decliners

Credit Suisse Group AG (NYSE:CS) dropped 9.3% after the Swiss National Bank urged the banking group to increase capital to prepare for an escalation of the euro-area crisis.

Nokia (NYSE:NOK) shares tumbled 15%. Earlier Thursday the firm unveiled sweeping changes to its business, including 10,000 additional job cuts and a broad management shake-up, as the struggling company cut its earnings outlook for the third time in a little over a year.

Aegerion Pharmaceuticals (Nasdaq:AEGR) fell almost 10%. The firm said Thursday that it will sell an undetermined number of shares to raise money to run its business,

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

International Game Tech (NYSE: IGT) Gains On $1B Buyback Plan

Palm Beach, FL 6/14/12 (StreetBeat) – Shares of slot-machine maker International Game Technology (NYSE: IGT) are trading higher Thursday morning after the company announced plans to buy back up to $1 billion of its common stock. The company said that as part of the plan, it has entered into an accelerated buyback agreement with Goldman Sachs covering $400 million of stock. The rest will be used over the next 3-4 years.

As of Wednesday’s close, IGT had a market cap of about $3.9 billion.

IGT said the plan reflects the board’s “dedication to responsible capital deployment.”

The company said it will fund the plan with cash on hand and borrowings from its revolving credit facility. Under the arrangement with Goldman, IGT will pay $400 million to Goldman on June 19 and will receive an initial delivery of about 21 million shares.

IGT this morning is up 83 cents, or 6.3%, to $14.05.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly