HEADLINE STOCKS-Some U.S. stocks to watch on Feb. 25
NEW YORK, Feb 25 (Reuters) - Some U.S. stocks to watch on Wednesday:
FORD MOTOR CO (F.N)
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 [ID: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 (SPW.N)
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. [ID:nBNG392293]
Shares of SPX closed Tuesday at $42.27.
DISCOVERY COMMUNICATIONS (DISCA.O)
The media company reported fourth-quarter earnings and revenue that missed expectations and gave a full-year revenue outlook that was below consensus. [ID:nWNAB6633]
Shares of Discovery closed Tuesday at $13.26.
AMERICAN INTERNATIONAL GROUP (AIG.N)
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. [ID:nHKG67567]
Shares of AIG rose 2 cents to 43 cents before the bell.
CITIGROUP (C.N)
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. [ID:nSP464240]
Shares of Citigroup slid 10 cents to $2.50 in premarket trade on Wednesday.
DREAMWORKS ANIMATION SKG DWA.N
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. [ID:nN24412388]
Shares of the company closed Tuesday at $19.76.
WYNN RESORTS (WYNN.O)
MELCO CROWN ENTERTAINMENT (MPEL.O)
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 (HLF.N)
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 (GUID.O)
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. [ID: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 FCSX.O
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. [ID: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 (CRI.N)
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. [ID: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)
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