HEADLINE STOCKS-U.S. stocks to watch on May 22
NEW YORK, May 22 (Reuters) - Some U.S. stocks to watch on Friday:
GENERAL MOTORS CORPGM.N
The Obama administration has no plans to push GM into bankruptcy next week, a source familiar with the situation said on Friday, adding that the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline. [ID:nN21325204]
Shares of GM, a Dow component, rose 10 cents to $2.02 in premarket trading on Friday.
HSBC HOLDINGS (HBC.N)
The bank said it intended to continue paying quarterly interim dividends but that business would remain challenging through much of 2010. [ID:nLM650226]
U.S-listed shares rose 1.6 percent to $43.31 in premarket trading.
SUNTECH POWER HOLDINGS INC (STP.N)
The solar power company said its follow-on public offering of 20 million American Depositary Shares was priced at $12.50 per ADS. [ID:nBNG465658]
Shares slid 6 cents to $13.41 in premarket trading.
SEARS HOLDINGS CORP (SHLD.O)
The company reported a surprise first-quarter profit, helped by reductions in advertising and jobs. [ID:nN21308663]
Shares surged 17.6 percent to $59.02 in premarket trading.
ARUBA NETWORKS INC (ARUN.O)
The wireless LAN vendor reported a surprise third-quarter profit and forecast strong results for the current quarter. [ID:nBNG466880]
Shares closed Thursday at $5.14.
SALESFORCE.COM INC (CRM.N)
The business software company cut its full-year revenue outlook, citing cutbacks on orders for its software subscriptions. [ID:nN21297762]
Shares fell 7.9 percent to $36.50 in premarket trading.
EVERCORE PARTNERS INC (EVR.N)
Ralph Schlosstein, the co-founder of BlackRock Inc (BLK.N),
may join Evercore as its chief executive, according to a report
in the Wall Street Journal. [ID:nBNG477382]
Shares of Evercore closed Thursday at $16.85.
BLACK BOX CORP (BBOX.O)
The technical services company reported higher-than-expected fourth-quarter earnings and forecast first-quarter profit above Wall Street view. [ID:nWNAB2631]
The stock rose 13 percent to $28.90 in after-hours trading.
MEDCATH CORP (MDTH.O)
The hospital operator reported higher-than-expected second-quarter earnings helped by a growth in revenue. [ID:nWNAB2590]
The stock rose 8 percent to $8.37 in after-hours trading.
SKILLSOFT PLC (SKIL.O)
The e-learning services provider reported first-quarter earnings that beat expectations. [ID:nWNAB2593]
The stock rose 8 percent to $7.75 in after-hours trading.
VERIGY LTD (VRGY.O)
The semiconductor testing company reported a first-quarter loss that was narrower than expected. [ID:nWNAB2606]
The stock rose 7 percent to $12.12 in after-hours trading.
DRESS BARN INC (DBRN.O)
The women's clothing retailer reported higher-than-expected third-quarter earnings and forecast full-year profit above Wall Street view. [ID:nWNAB2596]
The stock rose 6 percent to $15.80 in after-hours trading.
RED ROBIN GOURMET BURGERS INC (RRGB.O)
The casual dining restaurant chain reported its quarterly results and expects certain costs to pressure restaurant-level profitability in fiscal 2009. [ID:nBNG444251]
The stock fell 12 percent to $19 in after-hours trading.
ZUMIEZ INC (ZUMZ.O)
The snowboarding gear retailer posted a quarterly loss that was narrower than expected but forecast a weak second quarter. [ID:nBNG502300]
The stock fell 5.5 percent to $10.49 in after-hours trading.
EXCEL MARITIME CARRIERS LTD (EXM.N)
The Greek dry bulk carrier posted a more than three-fold jump in first-quarter profit. [ID:nBNG466693]
Shares rose 9.1 percent to $10.56 in premarket trading.
SAFE BULKERS INC (SB.N)
The dry bulk shipper's quarterly profit almost tripled, helped by the compensation it received for early termination of time-charter contracts for two of its vessels. [ID:nBNG465648]
The stock rose 10 percent to $7.75 in after-hours trading.
FOOT LOCKER INC (FL.N)
The athletic shoe retailer posted a better-than-expected quarterly profit, as improved margins from recent cost cuts helped offset a 7 percent decline in sales. [ID:nBNG459893]
The stock rose 5 percent to $10.95 in after-hours trading.
(Reporting by Ryan Vlastelica)
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