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Markets & Finance

EXCO Resources Buys Anadarko Property for $1.6 Billion


GlaxoSmithKline gets FDA approvable letter on its topical antibacterial; plus more stocks in the news Tuesday

Anadarko Petroleum Corp. (APC) (APC) agrees to sell its Vernon and Ansley fields, located in Jackson Parish, Louisiana, to EXCO Resources (XCO) for $1.6 billion.

GlaxoSmithKline (GSK) Says the Food and Drug Administration issued an approvable letter for its topical antibacterial, Altabax, 1%, for treatment of secondarily-infected traumatic lesions.

Midwest Air Group (MEH) Hires Goldman as an advisor to provide advice following a recent decision by Midwest Air Group's board to decline an unsolicited offer from a third party with respect to the acquisition of the company.

Immunogen Inc (IMGN) Announces that Sanofi-Aventis has entered into an expanded option agreement that enables it to gain expanded access to Immunogen's Tumor-Activated Prodrug technology.

Emcore Corp (EMKR) Says it received a Nasdaq Staff Determination letter stating that the company is not in compliance with filing requirements for continued listing, and its stock is subject to delisting from the Nasdaq Stock Market.

Telkonet Inc (TKO) Announces its iWire System powerline networking platform is scheduled for deployment within multiple Category II-IV airports starting Jan. 2007.


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