ReleaseWire

K Swiss Inc. (NASDAQ:KSWS), a designer, developer and marketer of high performance and casual athletic footwear, is seeing a huge rally in mid-day trading today after the company agreed to be acquired by E. Land World Ltd. Under the terms of the agreement, E. Land will acquire KSWS for $4.75 per share in an all cash transaction.

eBay Inc. (NASDAQ:EBAY), a global commerce platform, is up sharply in mid-day trading today, extending its gains from the previous trading session. EBAY had risen 0.75% on Wednesday after the company reported strong fourth-quarter financial results. In today’s trading, EBAY has gained 3.29% to $54.64 on volume of 19.75 million, which is well above the daily average volume of 9.60 million.

The website, https://www.oneloansource.com/personal-loan/, has been launched in order to provide people with a platform for finding bad credit loans. The company acts as a loan matching platform through which borrowers can find the right lenders for themselves. The loan company does offer loans for people with bad credit as well.

Chimera Investment Corporation (NYSE: CIM), a specialty finance company investing in residential mortgage-backed securities, is up sharply in mid-day trading today, extending its gains from the previous trading sessions. CIM has been gaining momentum after the company this week announced that it received an additional 30-day extension for continued listing and trading of its common stock on the New York Mercantile Exchange (NYSE).

Oi SA (ADR) (NYSE: OIBR), a Brazil-based company engaged in the telecommunication sector, is up sharply in mid-day trading today. At last check, OIBR was trading 2.24% higher at $4.34 on volume of 304,930, which is well below the daily average volume of 2.12 million.

Groupon Inc. (NASDAQ: GRPN), the Chicago, Illinois-based daily deals site, is gaining in mid-day trading today, reversing some of the losses from the previous trading sessions. GRPN had fallen nearly 4% on Wednesday even as the company launched the Merchant Impact Report, a free tool built into the Groupon Merchant Center that offers merchants a clear view of how GRPN is driving their business by making it possible to assess the performance of their promotion.

Rite Aid Corporation (NYSE: RAD), a retail drugstore chain in the U.S., is up sharply in mid-day trading today, extending its gains from the previous trading sessions. RAD has finished higher in each of the previous seven trading sessions. The stock has bounced back after falling sharply earlier in the month. RAD had slipped after it reported a 2.2% decline in same-store sales for December.

Sony Corporation (ADR) (NYSE: SNE), a designer, developer, manufacturer and seller of electronic equipment instruments and devices for consumer, professional and industrial markets worldwide, is up sharply in mid-day trading today, reversing the losses from the last two trading sessions.

Organovo Holdings Inc. (PINKSHEETS: ONVO), a developer of 3D bioprinting technology, is up sharply in mid-day trading today, extending its gains for the week. At last check, ONVO was trading 6.84% higher at $4.06 on volume of 650,249. The stock has had an excellent run this week, gaining nearly 25%.

Zippy Bags Inc. (OTCQB: ZPPB), a specialty hybrid sporting goods bag manufacturing company, is down sharply in mid-day trading today even as the company announced a 2 for 1 stock dividend. Janet Somsen, CEO of ZPPB, said that with the addition of numerous shareholders and the company’s expanding market awareness it is the management’s intention and obligation to ensure that old and new shareholders have confidence in the company.

The almost $257 million purchase of A123 Systems, Inc. (PINKSHEETS: AONEQ) by a Chinese conglomerate awaits the approval of a secretive federal panel, called the Committee on Foreign Investment in the US, that overlooks foreign acquisitions of American businesses in order to protect national security. A123 Systems, Inc. designs, develops, manufactures and sells rechargeable lithium-ion and energy storage systems. In the transportation industry market, the Company works with global automotive manufacturers and tier 1 suppliers to develop batteries and battery systems for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles, (EVs).

Nestle (PINKSHEETS: NSRGY) opened at $66.98 and oscillated in the range of $66.95 and $67.29 in the latest trading session. It closed at $67.13, up 0.26 percent from its previous close of $66.96. Nestle shows bullish trend and the stock’s first resistance level is at $67.48. On the downside, it may slip to $66.86. Upon breaching this level, the stock may touch $66.19. Nestle is a global nutrition, beverage and food products company. It has many popular brands such as Kit Kat, Nescafe and Poland Spring in its portfolio. The company is based out of Switzerland and it was formed in 1866.

Organovo Holdings Inc. (PINKSHEETS: ONVO) stock closed its latest trading session at $3.80, down 0.26 percent from its previous close of $3.81. However, its today’s volume of 871k shares was higher than its usual trading volume of 485k shares. The stock opened the session at $3.92 and touched its highest price point at $3.92. Organovo Holdings stock’s lowest price point for the session stood at $3.71. The stock’s MACD chart shows bullish trend in the short term. Its first support level is at $3.61. Organovo Holdings is engaged in the business of 3D bioprinting. It is based out of California.

On Tuesday, Facebook Inc. (NASDAQ: FB) hosted its much-awaited press event at its Menlo Park Campus. Ever since Facebook announced that it will be holding a press event, there was speculation among investors and analysts over what the company was planning to introduce.

World Moto Inc. (OTCQB: FARE) traded in the range of $0.0501 and $0.0745 during its last trading session. The stock had opened at $0.07 and closed at $0.0541, down 27.38 percent from its previous close. World Moto has its first support level at $0.04 while it faces the resistance at $0.09. If the stock breaches this level, it may touch $0.12. World Moto recorded the volume of 33.697 million shares. The company recently reported that it is set to begin its manufacturing operations. It is involved in the business of developing Moto meters. World Moto is based out of Thailand.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) shares climbed 5.97% to $ 10.81. The company’s president and chief executive officer, Jack Lief, said last week that the company is looking for partners to sell the medicine abroad once it clears regulatory hurdles.

Sirius XM Radio Inc. (NASDAQ: SIRI) had its estimated price increased by UBS AG to $4.00. The company presently has a “buy” ranking on the shares. Separately, analysts at Zacks reaffirmed a neutral ranking on shares of Sirius XM Radio.

Facebook Inc. (NASDAQ: FB) is introducing Graph Search Beta. Graph Search will appear as a bigger search bar at the top of each page. When you search for something, that search not only determines the set of results you get, but also serves as a title for the page. You can edit the title - and in doing so create your own custom view of the content you and your friends have shared on Facebook.

Nestle SA Reg Shs. Ser. B Spons (ADR) (PINKSHEETS: NSRGY) is rolling out Purina Pro Plan Sport in the United States to help hone the fitness levels of healthy dogs that already enjoy an energetic lifestyle with their owners.

CoroWare Inc (OTCQB: COWI) was up 27.27% on 110.63M shares traded versus an average volume of 21.82M shares. The 52 week trading range for the company is 0.00 - 0.04.

AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., has reported that its passenger traffic increased 2.1% to 11.29 billion revenue passenger miles in December 2012, compared to 11.07 billion revenue passenger miles in December 2011.

World Moto, Inc. (OTCQB: FARE) f.k.a. Net Profits Ten Inc. went down 9.15 % to $0.0745 on a traded volume of 24.50 million shares versus the average volume of 26.65 million shares. In the last one year, the stock went down more than 46%. The 52-week range for the stock is $0.03 and $2.50.The stock opened at $0.09.

Morgan Stanley upgraded Symantec Corporation (NASDAQ: SYMC) from Equal-weight to Overweight and announced a $25.00 price target. Morgan Stanley commented, "SYMC has the potential to substantially improve margins, increase capital distribution and modestly improve revenue growth.”

Chimera Investment Corporation (NYSE: CIM), a specialty finance company investing directly or indirectly in residential-backed mortgages, is up sharply in mid-day trading today. CIM is gaining momentum after the company announced that it has been granted an additional 30-day extension for continued listing and trading of its stock on the New York Stock Exchange (NYSE). The company now has to file its 2011 Annual Report on Form 10-K with the SEC by February 15, 2013.

CoroWare Inc. (OTCQB: COWI), a provider of custom engineering services, hardware and software products and subscription services in North America, is seeing a huge rally in mid-day trading today, extending its gains from the previous trading session. COWI had finished 200% higher in trading on Monday. In today’s trading, the stock has gained another 63.64% to $0.0054 on volume of 63.50 million, which is around five times the daily average volume of 12.64 million.