Lower Opening
Stocks appear set to open lower
Thursday.
Merrill Lynch upgraded Royal Caribbean
(
RCL |
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PowerRating) from Accumulate to Near Term Buy.
Biotech companies Celgene
(
CELG |
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PowerRating)
and Novartis
(
NOVT |
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PowerRating) were granted marketing approval from the FDA for
demethylphenidate HC1 which is used in the treatment of Attention Deficit
Disorder (ADD).
Novell
(
NOVL |
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PowerRating) is projecting that
October quarter numbers will be about 1 cent a share vs. consensus estimates
of a zero quarter for earnings.
Semiconductor equipment maker Kulicke
& Soffa
(
KLIC |
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PowerRating) reported a loss of 18 cents a share, excluding items, which
was 2
cents better than analysts’ expectations.
Asia Info
(
ASIA |
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PowerRating) signed a
contract with China Unicom’s national VoIP network to provide customer billing
software.
Children’s retailer Children’s Place
(
PLCE |
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PowerRating)
posted Q3 earnings of 70 cents, beating analysts’ consensus by 5 cents a share.
Robertson Stephens upgraded Tweeter
Home Entertainment
(
TWTR |
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News |
PowerRating) from Market Perform to Buy.
ILex Oncology
(
ILXO |
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PowerRating) has priced a
follow-on offering of 5 million shares priced at $24.00.
Teva Pharmaceuticals
(
TEVA |
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PowerRating) has
decided against the acquisition of the Faulding injectable business.
Urban Outfitters
(
URBN |
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News |
PowerRating) posted Q3
net earnings of 28 cents a share, beating analysts’ estimates by 2 cents.
Lightbridge Technologies
(
LTBG |
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PowerRating)
reaffirmed guidance for Q4.
UBS Warburg downgraded Macromedia
(
MACR |
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News |
PowerRating)
from Buy to Hold.
Credit card issuer Providian Financial
(
PVN |
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PowerRating) has suspended its payment of a quarterly cash dividend.