NEW YORK, Nov 21 (Reuters) - Some U.S. stocks to watch on
Friday:
CITIGROUP INC (C.N)
The troubled bank is in internal talks about a potential
merger, a source familiar with the matter said. The report
comes as investors worry whether the Dow component has enough
capital to withstand billions in potential losses.
[ID:nN20470744]
The stock closed Thursday at $4.71 but rose to $5.16 before
the bell on Friday.
H.J. HEINZ (HNZ.N)
The company reported an increase in quarterly earnings,
boosted by currency hedging and strong sales in North America
and emerging markets. It also affirmed its full-year outlook.
[ID:nN21346409]
Shares of the food company closed Thursday at $38.02.
J.M. SMUCKER Co (SJM.N)
The company reported quarterly earnings that beat
expectations and affirmed its 2009 outlook. [ID:nBNG334652]
Shares of the company closed Thursday at $38.25.
DELL INC (DELL.O)
The computer company late Thursday reported third-quarter
earnings that beat expectations and said cost-cutting measures
offset lower revenue. [ID:nN20401261]
Shares of Dell closed Thursday at $9.81 and rose to $10.25
before the bell.
GAP INC (GPS.N)
The clothing retailer late Thursday reported third-quarter
earnings that beat expectations and affirmed its full year
outlook. [ID:nN20433188]
Gap shares closed Thursday at $9.51.
BANK OF NEW YORK MELLON (BK.N)
The company plans to cut 1,800 jobs as falling equity
markets reduce the assets it oversees and cut into its
potential profit. The company didn't say which businesses would
be affected. [ID:nN20430046]
Shares of Bank of New York Mellon closed Thursday at
$24.36.
NEW YORK TIMES CO (NYT.N)
The newspaper company slashed its dividend by almost
three-quarters and plans to cut spending and reevaluate its
assets. The moves come in response to a decline in advertising
revenue. [ID:nN20395768]
Shares of the company closed Thursday at $5.72.
BANK OF AMERICA (BAC.N)
Kenneth Lewis, the chief executive officer of Bank of
America, Thursday said he was optimistic that the financial
system was near the end of a deleveraging process, though he
also warned that 2009 would be another "tough year" for the
finance industry with credit costs unchanged, if not higher
than in 2008. [ID:nN20431039]
Shares of the Dow component rose to $11.85 before the bell.
IMAGE ENTERTAINMENT INC (DISK.O)
The Chatsworth, California-based company agreed with Nyx
Acquisitions Inc to be acquired for about $100 million,
including the assumption of its outstanding debt. Under the
terms, Image stockholders will receive $2.75 a share in cash, a
299 percent premium to Image's closing share price of $0.69 on
Thursday.
Shares of the company, a home entertainment programmer,
soared 211 percent in trading after the bell. They closed at
$0.69 Thursday on Nasdaq. [ID:nBNG378097]
ARUBA NETWORKS INC (ARUN.O)
Aruba, which supplies equipment for secured wireless
network used in offices, posted better-than-expected quarterly
results and said it would cut costs by about 10 percent through
a reduction in work force and other expenses.
Shares of the company rose 22 percent in after-hours trading.
They closed at $1.95 Thursday on Nasdaq. [ID:nBNG374689]
(Editing by Kenneth Barry)
