Facebook Inc (NASDAQ:FB) Slumped 4.80% -FB, MWE, CLWR, EL, NCR

Facebook Inc (NASDAQ:FB) shares declined 4.80% to $20.57 in the morning hour. The company was cleared by Britain’s Office of Fair Trading to complete its proposed $1 billion purchase of the mobile photo-sharing application company Instagram. Facebook said in April that it would buy the 2-year-old startup to lure users of mobile devices. U.S. regulators haven’t made a decision on the proposed deal.

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Markwest Energy Partners LP (NYSE:MWE) stock fell 4.27% to $50.50 after the company announced that it priced a public offering of 6,000,000 common units at $50.72 per common unit. MarkWest has granted the underwriters a 30-day option to purchase up to 900,000 additional common units to cover the underwriters’ sale of additional common units, if any. MarkWest intends to use the net proceeds from the offering, of approximately $294.2 million, to fund capital expenditure program, for general working capital and for other general partnership purposes.

Clearwire Corporation (NASDAQ:CLWR) stock gained 3.14% to $1.80. The shares of the company was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors last week. They currently have a $1.36 price target on the stock.

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Estee Lauder Companies Inc (NYSE:EL) stock climbed 9.60% to $60.29 after the company’s fourth quarter profit increased 25%, reflecting improved margins and sales growth across its product categories and geographic regions.

The company posted fourth quarter net earnings of $51.2 million or $0.13 per share, versus $41.1 million or $0.10 per share in the prior-year quarter. Adjusted net earnings rose about 40% to $69.2 million or $0.17 per share. Net sales increased 9% to $2.25 billion from $2.06 billion in the year ago quarter. Analysts expected the company to report earnings of $0.16 per share on revenue estimate of $2.21 billion.

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NCR Corporation (NYSE:NCR) stock declined 8.76% to $22.92 after after Wedbush Securities analyst Gil Luria downgraded NCR Corp to Neutral from Outperform  while lowering his price target to $23 (prev. $33). In a research note, Luria said NCR could face charges of possible violations of the Foreign Corrupt Practices Act [FCPA]. NCR is best-known as a maker of point-of-sale machines, cash registers and ATMs.
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