HEADLINE STOCKS-U.S. stocks to watch on Friday

Fri Mar 27, 2009 8:21am EDT
 
[-] Text [+]
    NEW YORK, March 27 (Reuters) - Some U.S. stocks to watch on 
Friday: 
    
    BRISTOL-MYERS SQUIBB  
    The pharmaceutical company agreed to pay $2.1 million to 
settle a probe by the Federal Trade Commission into its 
negotiations to delay the launch of a generic version of its 
drug Plavix, according to the Wall Street Journal. 
    The FTC was investigating whether the drugmaker made false 
statements to it regarding the deal it struck with Apotex to 
keep a copycat version of the blood-thinning drug off the 
market, the paper wrote. [nBNG384063] 
    Shares of Bristol-Myers closed Thursday at $21.09. 
    
    ACCENTURE LTD  
    The technology outsourcing and consulting company cut its 
full-year earnings outlook, citing a stronger dollar and a 
slower global economy, and reported a drop in quarterly sales. 
[nN26511532] 
    The stock slid 6.2 percent to $29.99 in premarket trade. 
    
    AIRBOAT  
    The newsprint maker moved closer to restructuring its debt, 
as Citigroup, a major holdout in one of its two bond exchange 
offers, agreed to participate, according to the New York Times. 
The company has a Friday deadline to restructure its debt. 
    Citi's decision may help Abitibi avert a bankruptcy filing 
as it tries to slash its $6 billion debt burden by almost half, 
the Times wrote. [nBNG351344] 
    Shares of Abitibi closed Thursday at 65 cents. 
    
    NAVISTAR  
    The truck and engine maker issued a nonbinding letter of 
intent to buy certain assets and assume certain liabilities of 
bankrupt recreational-vehicle maker Monaco Coach Corp. 
    On Wednesday, Monaco said it received a letter of intent 
for the purchase of its core RV manufacturing business for $50 
million from a major public company. The company said that the 
sum would be payable in cash or the acquirer's stock. 
[nN26517662] 
    Shares of Navistar closed Thursday at $34.56. 
    
    MGM MIRAGE  
    An $8 billion project owned by MGM and Dubai World has 
hired counsel to advise on a possible bankruptcy filing, 
according to a report in the Wall Street Journal. 
    The company, and its joint venture partner Dubai World, are 
likely to struggle to pay $220 million due Friday on the 
project, the paper reported, citing unnamed sources. 
[nN26525573] 
    Shares of MGM tumbled 12.6 percent to $2.70 in premarket 
trade. 
    
    NEW YORK TIMES  
    WASHINGTON POST  
    The two newspaper companies are embarking on new cost 
cutting measures in the wake of dramatic declines in 
advertising revenue. The Times laid off 100 workers and is 
cutting nonunion salaries, while the Post is offering a new 
round of buyouts to newsroom, production and circulation 
employees. 
    For details, see [nN26481606] 
    Shares of New York Times closed Thursday at $4.98 while 
Washington Post shares closed at $384.28. 
    
    TIBCO SOFTWARE INC  
    The business software maker reported quarterly earnings 
that edged past Wall Street targets, helped by lower expenses, 
and forecast second-quarter profit largely in line with market 
estimates. 
    Shares rose more than 4 percent in trading after the bell. 
They closed at $5.93 Thursday on Nasdaq. [nBNG358768] 
    
    DYAX CORP  
    The company said U.S. health regulators denied approval for 
its experimental treatment for a rare genetic disease in the 
present form and sought additional data on the safe use of the 
drug, ecallantide. 
    Shares of the company fell 16 percent in after-hours trade. 
They closed at $2.75 Thursday on Nasdaq. [nBNG366348] 
    
    CAPITALSOURCE INC  
    The company said chief financial officer Thomas Fink 
resigned effective May 1 and named Donald Cole to replace him. 
    Shares of the company closed at $1.48 Thursday on the New 
York Stock Exchange. [nBNG369283] 
 (Reporting by Ryan Vlastelica; Editing by James Dalgleish) 
 ((ryan.vlastelica@thomsonreuters.com; Tel: +1 646-223-6014; 
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net)) 
Keywords: MARKETS STOCKS HEADLINES 
    
  
Keywords: MARKETS STOCKS HEADLINES 
    
 
(C) Reuters 2009.  All rights reserved.  Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.



nN27540252
WATCH/US

 

Featured Broker sponsored link