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Friday, December 31, 2010

Vision China Media (Nasdaq:VISN), Corinthian (Nasdaq:COCO), MBIA (NYSE:MBI), Anadarko (NYSE:APC) Among Top Movers Thursday

Vision China Media (Nasdaq:VISN), Corinthian Colleges Inc. (Nasdaq:COCO), MBIA (NYSE:MBI) and Anadarko Petroleum Corp. (NYSE:APC) were among the top movers Thursday.

Vision China Media soared on the news they were selling 15.3 million common shares to Hong Kong-based Focus Media Holding Ltd. for $61 million.

Corinthian Colleges Inc. got a 9.3 percent boost, probably a rebound from the 62 percent plunge they've went through in 2010 on fears over the effects of possible government regulation.

MBIA jumped 15 percent on news JPMorgan (NYSE:JPM) and Barclays (NYSE:BCS) withdrew from a lawsuit which challenged the restructuring plan of the company which separated their structured finance businesses from its municipal bond business. There are still over a dozen financial institutions suing them, although some seem to think this could result in others withdrawing as well.

For Anadarko Petroleum Corp., they jumped because of the unsubstantiated rumor BHP Billiton (NYSE:BHP) had made a $90 a share offer for the company, although the story from the Daily Mail didn't identify their sources.

Corinthian Colleges Inc. closed Thursday at $5.18, gaining $0.44, or 9.28 percent. Anadarko Petroleum Corp. closed at $75.59, gaining $4.86, or 6.87 percent. MBIA ended the session at $11.87, up $1.51, or 14.58 percent. Vision China Media closed trading at $4.67, up $0.80, or 20.67 percent.

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