Stocks To Open Stronger
Stocks appeared set to open higher
Thursday.
Imclone Systems
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IMCL |
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PowerRating) and
Bristol-Myers
(
BMY |
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PowerRating) said that the two have completed a Biologic License
Application submission to the FDA for approval of Erbitux, a cancer treatment.
ACD Telecom
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ADCT |
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PowerRating) warned for Q4
with a loss between 7 to 8 cents a share vs. previous forecasts of a loss
between 3 to 5 cents a share.
Enron
(
ENE |
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PowerRating) said that the
Securities and Exchange Commission investigation into two of the company’s
limited partnerships has turned into a formal inquiry.
TrizecHahn
(
TZH |
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PowerRating) reported a
Q3 net loss of of 79 cents on a diluted basis or $117.3 million vs. a net
income of 21 cents or $31.6 million for the same quarter a year ago.
Star Gas Partners
(
SGU |
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PowerRating) named Ami
Trauber its new CFO to replace current chief financial officer George Leibowitz,
who is retiring.
According to a report in the Wall
Street Journal, Microsoft
(
MSFT |
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News |
PowerRating) has reached a potential settlement in its
antitrust case with the government.