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  • What you need to Know Today | Hot Stocks for Tuesday || XOMA | BP | MMI | MSI |

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    Tuesday Jan. 04, 2011, 10:09 am EST
     
    Stocks to Watch on Tuesday- XOMA, BP, MMI, MSI
     
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    XOMA - XOMA Limited (NASDAQ:XOMA)
    Xoma (NASDAQ: XOMA), the Berkeley, CA-based developer of targeted antibody drugs, said today it will receive a $35 million upfront fee from France-based Les Laboratories Servier for the right to co-develop a new anti-inflammation treatment. Xoma could receive as much as $470 million in milestone payments. Shares gained 24 % at market open.
     
    BP-BP plc (NYSE:BP)
    Shares of BP plc (NYSE:BP) rose to a six-month high on Tuesday following reports that compensation payouts for the Gulf oil spill may be much lower than expected and lingering rumors that the company is a takeover target. BP has gained more than 60% from the lowest price it touched after the oil spill.
    MMI & MSI- MOTOROLA MOBILITY HOLDINGS, IN (MMI)
    Motorola Solutions, Inc. Common (MSI)
    Motorola Inc. is formally splitting into two companies. One is for its consumer-oriented businesses such as cell phones, and the other for police radios and other products targeted at professionals. This will make Motorola divided into two companies with simple business then to one giant with complex business. The shares are trading on the New York Stock Exchange with the ticket symbols MMI and MSI, respectively.
     




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    Be Rich.


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