Friday Movers (BVSN, NAV, MT)

BroadVision BVSN, an Internet software and services company, is trading up over 25% early in the session. Microsoft MSFT is reportedly set to purchase business social networking company Yammer for $1 billion. BroadVision operates under a similar business model as Yammer, and investors may be speculating that BroadVision could be scooped up next. Navistar International NAV shares shot up early in the day. Investment Firm MHR Fund Management reported a 14% claim in Navistar earlier today. With this investment, MHR becomes the largest holder. The CEO of MHR is Mark Rachesky, a former associate of Carl Icahn. Carl Icahn currently has a 12% stake in Navistar. ArcelorMittal MT is currently trading up about 4%. ArcelorMittal re-opened one of its steel mills in Cleveland that had been idle for four years. Still, year-to-date, ArcelorMittal is down about 30%.