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GT Advanced Technologies (NASDAQ:GTAT) Rallies on Bankruptcy News with Corning Incorporated (NYSE:GLW), Yahoo! Inc. (NASDAQ:YHOO)

Shares of Corning Incorporated (NYSE:GLW) went up 1.2% to $19.17 on Monday following arch rival GT Advanced Technologies (GTAT) filed for Chapter 11 bankruptcy. GT Advanced stated that it has more than $1 billion in debt and $85 million in cash when it declared the filing. The firm stated that …

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Tech Gainers On Major News: Yahoo! Inc., Sprint Corporation, And T-Mobile US Inc.

Yahoo! Inc. (NASDAQ:YHOO) rose around 4% in last trading session, as firm began complying with government directives to provide user data to the National Security Agency on May 12, 2008, four days following the Foreign Intelligence Surveillance Court of Review found it in contempt of court and threatened daily fines …

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