HEADLINE STOCKS-U.S. stocks to watch on May 28

NEW YORK, May 28 (Reuters) - Some U.S. stocks to watch on
Thursday:

PROCTER & GAMBLE CO (PG.N)

The consumer products company gave an outlook for its 2009
and 2010 fiscal years. [ID:nWEN9639]

Shares of the Dow component slid 0.7 percent to $51.44 in
premarket trading.

TIME WARNER INC (TWX.N)

The company announced a plan to separate its AOL unit, with
the division becoming an independent, publicly traded company.
[ID:nWNAB4145]

Shares rose 2.6 percent to $23.60 in premarket trading.

COSTCO WHOLESALE CORP (COST.O)

The retailer reported its third-quarter results, which
included a drop of 7 percent in its same-store sales.
[ID:nN26497146]

Shares fell about 3 percent in premarket trade to $47.25.

PONIARD PHARMACEUTICALS INC (PARD.O)

The pharmaceutical company said its experimental drug
picoplatin showed favorable results in mid-stage trials against
advanced colorectal cancer and advanced prostate cancer,
setting the stage for possible late-stage studies in 2010.
[ID:nN27340203]

Shares surged 17 percent to $5.25 in premarket trading.

CITIGROUP INC (C.N)

The bank is in early negotiations with the U.S. Securities
and Exchange Commission to settle a probe into whether the bank
misled investors by not properly disclosing the amount of
troubled mortgage assets it held as the markets started to fall
in 2007, according to a report in the Wall Street Journal.
[ID:nBNG120676]

Shares of Citigroup, a Dow component, rose 3 cents to $3.73
in premarket trading.

HJ HEINZ CO (HNZ.N)

The food company reported its fourth-quarter results and
forecast 2010 sales growth of 4 percent to 6 percent.
[ID:nN28309240]

Shares closed Wednesday at $36.26.

SANDISK (SNDK.O)

Shares of the company rose 3.7 percent to $16.10 in
premarket trading after Goldman Sachs upgraded it to buy from
neutral. [RCH/US]

DSW Inc (DSW.N)

The footwear retailer forecast fiscal 2009 earnings below
analysts' estimates. [ID:nBNG383500]

Shares fell 15.2 percent to $11 in trading after the bell.

STAR BULK CARRIERS CORP'S (SBLK.O)

The Greek dry bulk carrier reported an increase in its
first-quarter earnings but expects to drydock some vessels.
[ID:nBNG387977]

Shares fell 9 percent to $4.90 in trading after the bell.

DIAMOND FOODS INC (DMND.O)

The food company posted a better-than-expected quarterly
profit and raised its outlook for fiscal 2009. [ID:nBNG440146]

Shares rose $27.20 in after-hours trading.

JO-ANN STORES INC (JAS.N)

The fabric and crafts retailer posted first-quarter results
that topped estimates and reaffirmed its fiscal 2010 outlook.
[ID:nBNG386364]

Shares closed at $21.46 on Wednesday.

NETEZZA CORP (NZ.N)

The data storage company adjusted quarterly results that
missed expectations and didn't provide an outlook for the year
because of economic uncertainty. [ID:nBNG140812]

Shares closed at $7.90 on Wednesday.

HEICO Corp (HEI.N)

The aircraft component replacement parts maker posted a 12
percent drop in quarterly profit that fell short of Wall Street
expectations, hurt by weak sales. [ID:nBNG471106]

Shares closed at $30.91 on Wednesday.