HEADLINE STOCKS-Some U.S. stocks to watch on July 9
NEW YORK, July 9 (Reuters) - Some U.S. stocks to watch on July 9:
ALCOA INC (AA.N)
The aluminum company late Wednesday reported a fourth-quarter loss that was narrower than expected, helped by cost cutting measures. [ID:nN08471164]
Shares of the Dow component gained 5.2 percent to $9.95 in premarket trading.
EMC CORP (EMC.N)
DATA DOMAIN INC (DDUP.O)
NETAPP INC (NTAP.O)
EMC late Wednesday won the bidding war for Data Domain after rival NetApp Inc (NTAP.O) pulled out, saying it wouldn't match EMC's $2.4 billion bid. [ID:nN08407594]
EMC shares closed Wednesday at $12.52 while Data Domain closed at $33.90 and NetApp closed at $18.39.
IPC HOLDINGS LTD (IPCR.O)
VALIDUS HOLDINGS LTD (VR.N)
FLAGSTONE REINSURANCE HOLDINGS LTD (FSR.N)
IPC has accepted a sweetened $1.65 billion takeover offer from Validus, which beat out Flagstone Reinsurance Holdings Ltd (FSR.N) in a bidding war. [ID:nN09436999]
Shares of IPC rose 3.6 percent to $28.60 in premarket trading while Validus closed Wednesday at $22.60 and Flagstone surged 13.1 percent to $11 before the bell.
WALGREEN CO (WAG.N)
The drugstore chain raised its quarterly dividend by 22.2 percent, saying it was confident in its ability to generate strong free cash flow. [ID:nN08411925] Continued...
