Point Therapeutics, Inc. (NDAQ:POTP) provided preliminary results from the company's Phase 2 trial of talabostat plus gemcitabine in patients with metastatic pancreatic cancer who have not received prior chemotherapy. The promising results jumped the stock's price 21% to close at $1.03 per share.

AsiaInfo Holdings, Inc. (NDAQ:ASIA) announced it has recently signed a contract with China Unicom (NYSE:CHU) to develop its national CDMA push mail platform. The news moved ASIA up over 8% in today's trading.

Advancis Pharmaceutical Corporation (NDAQ:AVNC) announced total revenue for 2006 from sales of Keflex products was approximately $5 million, lower than prior expectations of $7 million to $10 million. Meanwhile, the current FY06 revenue consensus stands at $7.38 million.

AOL (NYSE:TWX) and Napster (NDAQ:NAPS), announced that Napster will become the exclusive music subscription provider integrated into AOL Music, replacing AOL Music Now. The news moved NAPS up over 7.8% in today's trading session.

BP (NYSE:BP) announced today that after more than a decade in the CEO role Lord Browne has decided to retire as chief executive at the end of June 2007.

Rogers Corporation (NYSE:ROG) projects fourth quarter net sales of approximately $122 million with guidance range of $122 to $126 million. Earnings for the fourth quarter are now projected to be $0.68 to $0.72 per diluted share, while the previous guidance was for earnings of $0.90 to $0.93 per diluted share. Meanwhile, the current consensus stands at $0.92 per share.

The IPO for Legacy Reserves LP (NDAQ:LGCY) opened for trading today at $19 before closing at $20.39.

ZEVEX International, Inc. (NDAQ:ZVXI) has executed a definitive merger agreement with Moog Inc. (NYSE:MOG.A) (NYSE:MOG.B). Upon the closing of the merger, each share of ZEVEX common stock that is issued and outstanding immediately prior to the closing, and each outstanding restricted stock unit that is convertible into shares of ZEVEX common stock, will be converted into the right to receive $13.00 in cash from Moog.

Stantec (NYSE:SXC) has signed a letter of intent to acquire Vollmer Associates LLP, a 650-person firm headquartered in New York City. Vollmer provides engineering, architecture, planning, landscape architecture, and survey services focused on the transportation sector, from offices throughout the northeast United States.

Owens-Illinois, Inc. (NYSE:OI) has retained advisors to review strategic options for its plastics packaging business, including a possible sale. For the twelve months ended September 30, 2006, O-I Plastics had revenues of approximately $770 million. OI stock moved up 7% on the news.

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI) announced the acquisition of Valutec Card Solutions, Inc., of Franklin, Tenn. The company will continue to operate under the Valutec name, and will become a Metavante company.

Avaya Inc. (NYSE:AV) announced a tender offer to acquire Ubiquity Software Corporation plc (LSE:UBQ.L). The offer price is 37.3 pence in cash for each Ubiquity share. This values the entire issued and to be issued share capital of Ubiquity at approximately GBP 74.3 million (or approximately $144 million USD) after adjusting for the assumed proceeds from the exercise of options over Ubiquity shares.