News Headline Summary

RANsquawk - Today's trading edge

TIME: 1816GMT
NEWS: Hovnanian (HOV) sees meeting or exceeding first call revenue expectation of USD 461.1mln.
REACTION: Co. shares increase 2.22% from USD 4.57 to USD 4.67.

TIME: 1352GMT
NEWS: Chemed (CHE) 10Q shows subpoena from Florida attorney general.
REACTION: Chemed shares fell 3% in immediate reaction to this news from USD 69.33 to USD 67.24.

TIME: 1342GMT
NEWS: For Questcor (QCOR), Cerium Pharmaceuticals gets FDA orphan drug designation for Synacthen.
REACTION: QCOR shares fell 2.62% in reaction to this news from USD 25.17 to USD 24.49.

TIME: 1335GMT
NEWS: Sterlite (SLT) downgraded to Neutral from Buy at Nomura.
REACTION: Co. shares moved 2.54% to the downside following this news from USD 7.68 to USD 7.49.

TIME: 1253GMT
NEWS: Norwegian central bank governor Olsen says NOK is expected to remain strong.
REACTION: EUR/NOK moves approximately 80 pips lower from 7.5377 to 7.3486 in an immediate reaction.

Print 20:11, 02 Nov 2012 - Update - Source: RANsquawk