The shares rose as high as $48.15 and were trading at $47.10 as of 10:53 a.m. in New York. The company sold 70 million shares at $26 in its initial public offering Wednesday, raising $1.82 billion.
PowerSecure has been chosen by one of the nation's largest utilities to do power grid work, a deal that could become PowerSecure's biggest ever. Read more about the deal.
Lenovo Group Ltd., the world's largest maker of personal computers, reported second-quarter profit that beat analysts' estimates after increasing its share of the global markets for PCs and smartphones.
In the 18 months since Facebook's IPO, only three U.S. consumer-Web companies have held IPOs, with other startups such as Airbnb Inc. and Evernote Corp. putting off share sales. Twitter could accelerate the current momentum -- or kill it.
A top Samsung executive, Shin Jong-kyun, told analysts on Wednesday that Samsung's tablet business is growing rapidly and the company will become the biggest maker of tablet computers. He didn't give a timeframe.
The cost-cutting measures culminate a Blockbuster downfall that began a decade ago with the rise of Netflix's DVD-by-mail service, followed by the introduction of a subscription service that streams video over high-speed Internet connections.
Furiex Pharmaceuticals (NASDAQ:FURX) narrowed its third quarter net loss to $3.2 million in a busy three months during which the company secured more capital and also received milestone payments for a partnered diabetes drug that received approval for the European market.
Two University of North Carolina scientists are among the winners in a GSKcompetition designed to find potential new drugs in places other than pharmaceutical company labs. Read about what this means for the scientists and for GSK.