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Monster Beverage Corp (NASDAQ:MNST): As energy drinks continue to surge in popularity, the disclosure by Monster Beverage Corp. that it’s being investigated is the latest signal that the high-octane industry is coming under sharper scrutiny. The California-based company said in a filing with the U.S. Securities and Exchange Commission Thursday that it received a subpoena last month from an unidentified state attorney general’s office concerning the advertising and ingredients of its energy drinks.
Shares of Monster Beverage Corp are trading 1.11% lower today.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC): BP America Production Company (NYSE:BP) announced that it has agreed to sell its Sunray and Hemphill gas processing plants in Texas, together with their associated gas gathering system, to Eagle Rock Energy Partners (NASDAQ:EROC) for $227.5M in cash.The Sunray plant, in Moore County, and the Hemphill plant, in Hemphill County, have combined processing capacity of approximately 220 million cubic feet of gas a day and an associated gathering system of around 2,500 miles of pipelines. The transaction is expected to close in 4Q12, subject to regulatory approvals and customary closing conditions.
Shares of Eagle Rock Energy Partners, L.P. are trading 2.79% lower today.
Motorola Solutions Inc (NYSE:MSI): Mobile security firm Fixmo added even more capital to its coffers last week following an investment from Motorola Solutions Venture Capital, the investment arm of the wireless company’s corporate and government business. As more employees use their personal mobile devices in the workplace, Fixmo helps corporate IT departments ensure that information on the gadgets is kept private and meets government security requirements. Fixmo said in a news release that the investment, worth between $1 million and $5 million, will be used to support research and development, as well as its expansion into global markets. The company also raised $23 million from investors last November.
Shares of Motorola Solutions Inc are trading 1.60% lower today.
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Focus Media Holding (NASDAQ:FMCN): Chinese display-advertising provider Focus Media Holding Ltd said it received a bid to go private from a consortium that includes its Chief Executive Jason Nanchun Jiang and private equity firms Carlyle Group and CITIC Capital Partners.
Groupon (NYSE:GRPN): With Groupon (NASDAQ:GRPN) shares languishing below $7, the chorus of critics’ longtime complaints about the company are growing louder. Groupon’s second-quarter financial report needs to prove that it’s a grownup company with a real business plan. Among the litany of concerns: Critics say Groupon, and perhaps the entire daily-deals market, has no viable long-term model. Small businesses frequently report that signing on with Groupon cost them loads of money, with some even claiming that the deal forced them to close up shop for good.
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