Pompano Beach, FL -- ( SBWIRE ) -- 12/21/2012 -- Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) stock gained 4.70% to $12.92 after the company announced that on December 20, 2012 its Board of Directors approved extraordinary dividends in the amount of BRL 1,600,000,000, corresponding to BRL 1.876492593 per share, to be paid in two installments. The first installment, of BRL 1,200,000,000, corresponding to BRL 1.407369445 per share, will be paid out until January 15, 2013 and the second one of BRl 400,000,000, corresponding to BRL 0.469123148 per share, will be paid out until June 30, 2013.

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Timberline Resources Corp (NYSE:TLR) shares climbed 5.39% to $0.215. The company announced the pricing of its previously announced underwritten public offering of its common stock. The Company is offering 5,000,000 shares of its common stock at $0.20 per share to the public. The gross proceeds from the offering are expected to be approximately $1 million, prior to deducting the underwriting discount and estimated offering expenses payable by Timberline.

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Mohawk Industries, Inc. (NYSE:MHK) stock climbed 6.70% to $92.87 after the company announced that the Company has entered into a definitive agreement to acquire the Marazzi Group, which will make Mohawk the worldwide leader in ceramic tile. The Marazzi Group is a leading manufacturer and marketer of ceramic tile in all its major geographies, including Russia, the United States, Italy, France and Spain. Marazzi’s 2011 revenues were about €833 million, or $1.16 billion, with EBITDA of approximately 15.5% under historical IFRS accounting.

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National Bank of Greece (ADR) (NYSE:NBG) shares increased 2.83% to $1.85. The company said that it would be involved in a large bond repurchase plan that intends to lower the country’s debt load, while securing the disbursement of its international bailout loans. The government will spend approximately €10 billion, or $13 billion, in the buyback, which will offer between 30% and 40% of the face value.

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Netflix, Inc. (NASDAQ:NFLX) stock fell 1.03% to $92.58. The company is among 10 companies that will be dropped from the Nasdaq-100 on Dec. 24 in its annual re-ranking, while Facebook Inc. was added last week. Companies are added and dropped from the index annually so that it is made up of the "100 largest non-financial stocks" on the Nasdaq.

Additionally, the shares of the company has received a price boost from Morgan Stanley analysts following its agreement with The Walt Disney Company on a new film licensing deal. Analysts are of the opinion that the deal could affect the broader premium TV sectors.

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