HEADLINE STOCKS-Some U.S. stocks to watch on Feb. 25

Wed Feb 25, 2009 8:13am EST
 
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    NEW YORK, Feb 25 (Reuters) - Some U.S. stocks to watch on 
Wednesday: 
    
    FORD MOTOR CO  
    The United Auto Workers Union late Tuesday urged members to 
approve a concessionary deal with Ford as part of a plan for 
the company to restructure without having to resort to 
emergency loans from the U.S. government. The UAW hopes to 
complete the voting by March 9. For more see [nN24442059]. 
    The deal includes cuts of 30 percent in pay for 
white-collar workers, including elimination of performance 
bonuses for salaried employees and senior executives in 2009. 
    Shares of Ford rose 15 cents to $2.15 in premarket trade. 
    
    SPX CORP  
    The seller of heavy equipment used in power plants swung to 
a fourth-quarter net loss and forecast difficult trends 
throughout the year, though revenue was up 17 percent from the 
prior year. [nBNG392293] 
    Shares of SPX closed Tuesday at $42.27. 
    
    DISCOVERY COMMUNICATIONS  
    The media company reported fourth-quarter earnings and 
revenue that missed expectations and gave a full-year revenue 
outlook that was below consensus. [nWNAB6633] 
    Shares of Discovery closed Tuesday at $13.26. 
    
    AMERICAN INTERNATIONAL GROUP  
    Three potential bidders remain interested in buying a large 
stake in AIG's $20 billion Asian life insurance unit, sources 
close to the matter said, though hopes for the auction have 
faded as some potential buyers have dropped out because of 
worsening economic conditions. [nHKG67567] 
    Shares of AIG rose 2 cents to 43 cents before the bell. 
    
    CITIGROUP  
    The bank may sell both its Japanese investment bank and 
brokerage, as it looks to raise cash from a sale of global 
assets, media report said. A sale of the units could raise 
several billion dollars, the Jiji Press and Sankei newspaper 
said. Sources added that the retail brokerage division alone 
could possibly raising $3.1 billion, though selling it is not 
in Citigroup's plans. [nSP464240] 
    Shares of Citigroup slid 10 cents to $2.50 in premarket 
trade on Wednesday. 
    
    DREAMWORKS ANIMATION SKG  
    The movie studio reported fourth-quarter earnings that were 
fall below expectations, hurt by a weaker DVD market and tough 
comparisons to its prior year, when its "Shrek the Third" DVD 
was released. [nN24412388] 
    Shares of the company closed Tuesday at $19.76. 
    
    WYNN RESORTS  
    MELCO CROWN ENTERTAINMENT  
    The casino operators late Tuesday reported fourth-quarter 
losses, hurt as the recession weighed on their businesses in 
Macau and Las Vegas. Wynn's results were worse than expected, 
sending the stock down 15 percent to $22 in premarket trade. 
    Melco Crown shares closed on Nasdaq at $3.20 on Tuesday. 
    
    HERBALIFE LTD  
    Dietary supplement distributor Herbalife Ltd's quarterly 
per-share earnings missed market estimates by a cent, hurt by 
foreign currency fluctuations and declining sales in the 
company's top markets and also forecast first-quarter earnings 
below market expectations. [ID: nBNG179388] 
    Shares of the company were down more than 7 percent at 
$16.93 in trading after the bell. They had closed at $18.33 
Tuesday on the New York Stock Exchange. 
    
    GUIDANCE SOFTWARE INC  
    Digital investigation software provider Guidance Software 
Inc reported a better-than-expected quarterly profit, helped by 
higher product revenue, sending its shares up 29 percent after 
the bell. [nBNG421845] 
    Shares of the Pasadena, California-based company were 
trading at $3.65 after the bell. They closed at $2.82 Tuesday 
on Nasdaq. 
    
    FCSTONE GROUP INC  
    FCStone Group plunged more than 60 percent in post-market 
trading Tuesday, after the commodity risk management firm said 
it may need to set aside more money to meet losses stemming 
from an energy trading account. [nBNG132277] 
    Shares of the Kansas City, Missouri-based company were 
trading at $1.81 before the bell, having closed at $3.97 
Tuesday on Nasdaq. 
    
    CARTER'S INC  
    Children's clothing retailer Carter's Inc reported 
better-than-expected fourth-quarter results as strong retail 
sales of its namesake and OshKosh labels helped offset weakness 
in the wholesale segment, sending its shares up as much as 5 
percent. [nBNG223411] 
    Shares of the company were up at $15.10 in trading after 
the bell. They had closed at $14.42 Tuesday on the New York 
Stock Exchange. 
 (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 
    
 
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