morning movers

Syntroleum (Nasdaq: SYNM) 30.9% HIGHER; Dynamic Fuels, LLC and Mansfield Oil Company have signed an agreement to supply renewable diesel to Norfolk Southern Corporation (NYSE: NSC).

Dynamic is a 50/50 venture owned by Tyson (NYSE: TSN) and Syntroleum. Michael Kors Holdings (NYSE: KORS) 24.6% HIGHER; reported Q3 GAAP EPS of $0.20, pro-forma EPS of $0.28, vs. the analyst estimate of $0.08.

Revenue for the quarter came in at $373.6 million versus the consensus estimate of $348.61 million.

Cobalt International Energy, Inc. (NYSE: CIE) 43% HIGHER; provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. Click here to see the full report.

The stock was upgraded at Howard Weil earlier.

Satcon Technology Corporation (NASDAQ: SATC) 24.3% HIGHER; announced a partnership with Great Wall Computer Company Limited.

The partnership will position Satcon to capitalize on the estimated 14GW of utility scale projects under development, fueled by the country’s Feed-In Tariff program.

Of the 14GW of identified non-residential solar projects in development in China today, the majority are expected to be developed by China State Owned Entities.

Astex Pharmaceuticals, Inc.

Indiana Community Bancorp (Nasdaq: INCB) 43.9% HIGHER; Old National Bancorp (NYSE: ONB) will acquire the company in a $79.2 million stock deal.

Illumina, Inc. (NASDAQ: ILMN) 43.3% HIGHER; Roche announced a proposal to acquire all outstanding shares of Illumina for $44.50 per share in cash. Click here to see the full report.

Flagstar Bancorp, Inc.

Minefinders (AMEX: MFN) 24.2% HIGHER; Pan American (Nasdaq: PAAS) confirms offer to acquire Minefinders at C$15.60 per share, or about C$1.5 billion.

The deal is made up of 0.6235 shares or all cash. YRC Worldwide (Nasdaq: YRCW) 19.9% HIGHER; retaking the $12 level on very heavy volume.

Twin Disc, Incorporated (NASDAQ: TWIN) 18% LOWER; reported Q2 EPS of $0.51, $0.25 worse than the analyst estimate of $0.76.

Revenue for the quarter came in at $82.94 million versus the consensus estimate of $89.88 million.

Metabolix (Nasdaq: MBLX) 55.6% LOWER; announces termination of Telles JV. Click here to see the full report.

Georgia Gulf (NYSE: GGC) 34.8% HIGHER; Westlake (NYSE: WLK) offers to acquire Georgia Gulf for $30/share.

Life Partners (Nasdaq: LPHI) 33.3% LOWER; SEC charges the company with disclosure and accounting fraud. LCA-Vision Inc.

(NASDAQ: LCAV) 26.3% HIGHER; today reported that 14,205 procedures were performed during the fourth quarter of 2011, an increase of 30% compared with 10,891 procedures during the fourth quarter of 2010.

Same-store procedures increased by 33% from 10,671 procedures during the fourth quarter of 2010, the fifth consecutive quarter of year-over-year same-store procedure growth.

Telestone Technologies Corporation (Nasdaq: TSTC) 19% LOWER; cuts its FY11 sales growth guidance from 30 percent to 15-20 percent, sees net income in the range of $16.8-$22.4 million, down from prior guidance of about $27.5 million.

AVEO Pharmaceuticals, Inc. (Nasdaq: AVEO) 16.5% LOWER; and Astellas Pharma Inc.

Zogenix (Nasdaq: ZGNX) 23.6% HIGHER; continuing to break out after testing support at $1.50 and rebounding over levels at $1.75 and $2.

Stock is now up more than 70 percent since a low on December 20th. Emcore Corp (NASDAQ: EMKR) 20.8% HIGHER; reported Q4 EPS of ($0.15), $0.12 worse than the analyst estimate of ($0.03).

Revenue for the quarter came in at $52.1 million versus the consensus estimate of $53.04 million.

North American Energy Partners (NYSE: NOA) 21.5% HIGHER; appears to be bouncing over the 200-day SMA this morning.

An analyst at Alta Corp Capital upgraded the stock from Sector Perform to Outperform earlier. Rambus (Nasdaq: RMBS) 15.6% HIGHER; announced late Thursday it entered into a licensing deal with Broadcom Corp.

(Nasdaq: BRCM) for a range of integrated circuit products. Additionally -- and certainly more up Rambus' alley -- the two companies settled outstanding litigation between them.

Calamp Corp.