24/7 Wall St. Closing Bell — October 9, 2012: Markets Slide Continues as Earnings Season Kicks Off (AAPL, JNJ, LAZ, NFLX, RSH, AA, YUM, COST, HELE, HST, VRNG, GOOG, ANR, BSDM, EW)

Vringo Inc. (NYSEMKT: VRNG) is down 15.6% at $4.58. The intellectual property firm today commenced the hearing phase of its patent lawsuit against Google Inc. (NASDAQ: GOOG).

Alpha Natural Resources Inc. (NYSE: ANR) is up 7.2% at $7.27. Coal mining stocks got a boost in general today as cooler weather and rising natural gas prices combine to raise hopes for coal.

BSD Medical Corp. (NASDAQ: BSDM) is up 72% at $2.03. The medical equipment maker today announced that sales of a cancer treatment system increased by nearly 400% in September compared with September 2011.

Edwards Lifesciences Corp. (NYSE: EW) is down 20.4% at $85.55. The drugmaker reported that sales for the recent quarter would be lower than forecast. For a contrarian viewpoint, see our coverage here.

Stay tuned for Wednesday. Minneapolis Fed President Narayana Kocherlakota and Dallas Fed President Richard Fisher are giving speeches in the afternoon. We have also noted the following events on the schedule (all times Eastern):

7:00 a.m. - Mortgage Bankers Association purchase applications 10:00 a.m. - Wholesale trade 11:30 a.m. - 4-week bill auction 1:00 p.m. - 10-year note auction 2:00 p.m. - Beige book 2:00 p.m. - Treasury budget

Paul Ausick

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