Stronger Opening
Stocks appeared set to open higher
Monday.
Protein Design Labs
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announced that Phase I/II trials of the company’s SMART Anti-Gamma Interferon
Antibody showed some promise in patients with moderate to severe Crohn’s
disease.
Maxygen
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MAXY |
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PowerRating) entered into a
three-year agreement with Aventis Pasteur to develop vaccines for undisclosed
biological elements.
According to a report in the New York
Times, consensus on the Street is that EchoStar’s
(
DISH |
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PowerRating) bid to acquire
Hughes Electronics
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GMH |
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PowerRating) will be rejected by Federal Regulators, due to
antitrust issues.
“Monsters Inc.,” which opened in theaters
this week, earned a box office record of $63.5 million. The movie a product
of Pixar Animation
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PowerRating) and Disney
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DIS |
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PowerRating).
Emiratus has ordered 25 Boeing
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BA |
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PowerRating)
777s.
Pixar Animation
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downgraded by Prudential from Buy to Hold.
Merrill Lynch downgraded Gap Inc.
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GPS |
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PowerRating)
from Buy to Neutral.
Sangstat Medical
(
SANG |
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PowerRating) was downgraded by
Merrill Lynch from Accumulate to Near Term Neutral.
Bruker Daltonics
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BDAL |
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PowerRating) reported
Q3 net of 2 cents a share, beating consensus of 1 cents a share.
Helen of Troy Ltd
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HELE |
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PowerRating) said
earnings and sales should beat numbers for the same quarter a year ago. The
company expects sales to increase to 15% to $137 million with earnings coming in
the range of 32 to 34 cents.