HEADLINE STOCKS-U.S. stocks to watch on Friday
NEW YORK, March 27 (Reuters) - Some U.S. stocks to watch on Friday:
BRISTOL-MYERS SQUIBB (BMY.N)
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. [ID:nBNG384063]
Shares of Bristol-Myers closed Thursday at $21.09.
ACCENTURE LTD (ACN.N)
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. [ID:nN26511532]
The stock slid 6.2 percent to $29.99 in premarket trade.
AIRBOAT ABH.N
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. [ID:nBNG351344]
Shares of Abitibi closed Thursday at 65 cents.
NAVISTAR (NAV.N)
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. [ID:nN26517662]
Shares of Navistar closed Thursday at $34.56.
MGM MIRAGE (MGM.N)
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. [ID:nN26525573]
Shares of MGM tumbled 12.6 percent to $2.70 in premarket trade.
NEW YORK TIMES (NYT.N)
WASHINGTON POST (WPO.N)
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 [ID:nN26481606]
Shares of New York Times closed Thursday at $4.98 while Washington Post shares closed at $384.28.
TIBCO SOFTWARE INC (TIBX.O)
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. [ID:nBNG358768]
DYAX CORP (DYAX.O)
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. [ID:nBNG366348]
CAPITALSOURCE INC (CSE.N)
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. [ID:nBNG369283] (Reporting by Ryan Vlastelica; Editing by James Dalgleish)
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