filing

It also says its CFO resigned, effective immediately. It is looking for a new CFO.

Qiao Xing Universal (XING) eases after it says it expects to file its 2010 financial results in May.

The chain has suffered since consumers reduced spending in the recession. It was also hurt due to the fact that many restaurant locations are in retail malls, which shoppers avoided during the economic downturn.

Sbarro is also hurt by debt that it took on when private-equity firm MidOcean Partners bought it in January.

It has total assets of about $471 million and about $486.6 million in debt, according to the bankruptcy filing.

Sbarro Inc. said that it is filing for Chapter 11 bankruptcy protection as it looks to restructure.

The company filed for its IPO with the SEC on January 27th, and it usually takes about 2 months for the SEC to complete its review.

The website was founded in May of 2003, and had 71.5 million unique visitors in February 2011, up 55% from February 2010, according to comScore.

Over half of LinkedIn's users, 56 million, are based outside the United States.

LinkedIn, the social-networking website for professionals, said it reached 100 million members Tuesday, as it gears up for its much-anticipated IPO.

Shares of the company are currently trading 2.95% higher at $12.20.

BBVA Banco Frances has a potential upside of 5.2% based on a current price of $12.20 and an average consensus analyst price target of $12.83.

Morgan Stanley initiated coverage of BBVA Banco Frances (NYSE:BFR) with an overweight rating and a $16 price target.

Shares of the company are trading 5.67% higher at $49.96.

Banco Macro has a potential upside of 7.1% based on a current price of $49.7 and an average consensus analyst price target of $53.22.

Morgan Stanley initiated coverage of Banco Macro (NYSE:BMA) with an overweight rating and $72 price target.

The four companies revealed in mid-December their plan to set up CPTN Holdings LLC, a holding group to jointly acquire 882 Novell patents for $442 million, while the rest of Novell was to be sold to Attachmate for $2.2 billion upo

However, the filing with German regulators to create the joint group looks to have bee

AppleInsider is reporting that a plan by Microsoft (MSFT), Apple (AAPL), Oracle (ORCL) and EMC (EMC) to acquire hundreds of Novell's (NOVL) patents worth half a billion dollars has been withdrawn due to complaints from open source

Under the terms of the definitive agreement, each common share of the company will be transferred to Magnum Hunter for the right to receive 0.0846 of a share of Magnum Hunter common stock.

NGAS Resources (NGAS) announced a definitive agreement with Magnum Hunter Resources Corporation (MHR) providing for NGAS Resources to be acquired by Magnum Hunter in an all-stock transaction. NGAS Resources is a British Columbia c

Cal-Maine Foods (CALM) reports Q2 sales of $234.5 mln, better than the analyst consensus of $231 mln on Thomson Reuters. EPS was $0.63, vs. expectations of $0.72 per share.

Apple (AAPL) increased its Q1 global shipment goal for the iPhone to 20M-21M units from 19M units, Digitimes reports, citing sources with Taiwan-based component suppliers. The company's goal for WCDMA iPhones has been upped to 14M

CMCSA bid/ask gap remains wide so far this morning. GE is down 0.6% at last check.

According to the WSJ, Genachowski wants Comcast to observe ""net neutrality"" rules in giving competitors' videos the same treatment as its own for customers using its Internet service.

FCC Chairman Julius Genachowski has told the FCC's other commissioners that he supports Comcast's (CMCSA) offer to buy a controlling interest in General Electric's (GE) NBC Universal, subject to certain conditions, the Wall Street