Briefing.com: Hourly In Play (R) – 16:00 ET

May 27, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 27-May-10 16:00 ET

16:00

Equity averages extend to fresh highs on volume as we approach the close... Dow +286, SPX +35, Nasdaq Comp +82 -Technical-

15:55

SPY S&P/Dow hovering just under their 200 day averages -Update- -Technical-

The small-/mid-cap indices and the Nasdaq 100/Comp have crossed back above their 200 day ema/sma on the recovery off this week's low. Both the S&P 500 and Dow have staged solid rebounds but they are still hovering slightly under these widely watched levels (currently at 1101/1104 and 10254/10278).

15:50

RSX Global & sector ETF movers- Global plays (RSX, EWP) still lead all spaces while VIX vol measures (VXX, VXZ) remain underperformers on the day -Technical-

The Actively Traded Leading Global & Sector ETFs:

Russia- RSX +8.50%, iShares Spain- EWP +7.0%, solar power- TAN +7.0%, coal- KOL +7.0%, steel- SLX +6.75%, iShares France- EWQ +6.50%, iShares Australia- EWA +6.50%, iShares S Korea- EWY +6.50%, casinos & gaming- BJK +5.75%, iShares Brazil- EWZ +5.50%, emerging mkts- EEM +5.50%, crude/WTI oil- USO +5.25%, OIL +5.50%, iShares Germany- EWG +5.50%, BRIC countries- BKF +5.25%, SPDRS metals & mining- XME +5.50%, iShares REITS & real estate- ICF +5.50%, IYR +5.0%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -7.75%, VXZ -3.0%, US bonds/fixed income- TLT -2.25%, BND -0.50%, TIP -0.25%, AGG -0.25%, Yen currency shares- FXY -1.0%, US Dollar index- UUP -1.0%

15:43

Earnings Calendar

Today after the close look for the following companies to report: ADPT, BCSI, DMND, ESL, GES, JCG, NOVL, OVTI, SEAC, and TMRK. Tomorrow before the open look for the following companies to report: QSII.

15:43

Conferences and Shareholder/Analyst Meetings of Interest

Events of interest for tomorrow, May 28, include: LOW Annual Shareholders Meeting. Fed/Treasury: None.

14:56

NTAP NASDAQ 100 (NDX) strength & weakness- Storage name (NTAP) still way out in front heading into the final hour of trading; 96 of 100 components trade positive -Technical-

NDX 10 Best % Performers:

NTAP, BIDU, WYNN, SNDK, STX, LINTA, MICC, BRCM, NIHD, KLAC

NDX 10 Worst % Performers:

VRTX, APOL, GENZ, HOLX

NASDAQ A/D +1855

NASDAQ TRIN +0.45

14:54

INTC Dow 30 (INDU) strength & weakness- Tech. name (INTC) & Finance name (AXP) now lead heading into the final hour of trading; 29 of 30 components remain positive -Technical-

INDU 5 Best % Performers:

INTC, AXP, AA, DD, MRK

INDU 5 Worst % Performers:

JNJ

NYSE A/D +2570

NYSE TRIN +0.45

14:49

COMDX CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices

July corn closed higher by 1.75 cents to $3.7325 per bushel, July soybeans closed higher by 13.75 cents at $9.5175 per bushel, July wheat closed 6 cents higher at $4.6775 per bushel, June ethanol closed $0.021 higher at $1.62, July world sugar futures closed 0.44 cents lower to 14.92 cents.

14:38

COMDX NYMEX Energy Closing Prices -Update-

July crude oil settled higher by $2.99 to $74.50, July natural gas finished up 11.2 cents to $4.291, June RBOB gasoline gained 6.85 cents to end at $2.0389 and June heating oil closed up 7.87 cents to $1.9994.

14:18

INDXCH Index Change Reminders

S&P removed Zenith National Insurance (ZNT) from the S&P SmallCap 600 index after the close on May 21. DG FastChannel Inc. (DGIT) will take Zenith National's place in the S&P SmallCap 600 after the close of trading today.

14:14

CATO Cato increases quarterly dividend to $0.185 per share, up from $0.165 per share (23.98 +0.26)

14:09

XLF Financial Select Sector back vacillating near its morning high at 14.85 (14.82 +0.46) -Update- -Technical-

Note that its 200 ema is at 14.89, 200 sma at 14.96 with the 50% retracement of the slide off the May recovery high at 14.98 -- AXP +4.6%, BAC +3.3%, TRV +3%, JPM +2.9%.

13:48

BKR Michael Baker announced participation in Gulfport restoration project (37.35 +1.21)

Co announced it has been awarded a five-year, Indefinite Delivery/Indefinite Quantity contract by the Mississippi State Port Authority at Gulfport to provide coastal engineering design and other services, in an effort to restore and rebuild the Port of Gulfport following its destruction during Hurricane Katrina.

13:45

COMDX COMEX Metals Closing Prices -Update-

June gold ended lower by $1.88 to $1211.52, July silver gained 15.5 cents to finish at $18.461, and July copper closed up 7.62 cents to $3.1567.

13:38

IM Ingram Micro authorized 1 year $100 mln share repurchase program following completion of $300 mln program authorized in Nov 2007 (16.89 +0.46)

13:31

GD General Dynamics awarded 10 year FAA systems engineering contract having a maximum value of $1.2 bln (68.01 +1.63)

13:30

SRT StarTek: Chad Carlson to join StarTek as Executive Vice President and COO (4.50 +0.05)

13:29

USGS reports 7.6 magnitude quake in Vanuatu region

13:18

NRP Natural Resource to form joint venture with International Paper (22.17 +0.92)

Co and International Paper (IP) announced that they have signed a definitive agreement to form a joint venture in which Natural Resource Partners will be the managing and controlling partner with a 51% interest. The new joint venture will own and manage the current leases as well as the further development of the more than 7 mln mineral acres currently held by International Paper. Natural Resource Partners will pay International Paper ~$42.5 mln at closing, which is anticipated to occur in mid-June.

13:12

SPY S&P +21 edges slightly under midday range low, attempting to stabilize at initial support near 1089 -Update- -Technical-

A failure of the S&P to work back through 1092/1093 on the bounce off 1089 would expose a short term secondary support near 1083. Dow +186 saw a similar breach of the range low but it has been limited with Nasdaq +56 thus far not confirming the move.

13:04

SPY Stock indices slip back amid Energy XLE / OIH weakness but still holding above midday range lows -- Dow +190, S&P +23, Nasdaq +58 -Technical-

12:45

RSX Global & sector ETF movers- Global plays (RSX, EWP, EWQ) still lead @ midday while VIX vol measures (VXX, VXZ) remain the underperformers -Technical-

The Actively Traded Leading Global & Sector ETFs:

Russia- RSX +7.50%, iShares Spain- EWP +6.75%, solar power- TAN +6.50%, iShares France- EWQ +6.25%, coal- KOL +5.75%, iShares Australia- EWA +6.0%, iShares S Korea- EWY +5.75%, steel- SLX +5.50%, iShares Germany- EWG +5.25%, crude/WTI oil- USO +4.75%, OIL +5.0%, MSCI EAFE- EFA +4.75%, iShares Brazil- EWZ +4.75%, emerging mkts- EEM +4.75%, wind energy- FAN +4.25%, SPDRS metals & mining- XME +4.50%, casinos & gaming- BJK +4.50%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -7.50%, VXZ -2.75%, US binds/fixed income- TLT -1.75%, BND -0.50%, AGG -0.25%, TIP -0.25%, US Dollar index- UUP -1.0%, Yen currency shares- FXY -0.75%

12:34

MXB MSCI Inc. and RiskMetrics (RISK) announce RiskMetrics stockholder approval of MSCI/RiskMetrics merger (29.36 +0.67)

12:32

NTAP NASDAQ 100 (NDX) strength & weakness- Storage name (NTAP) still well ahead as 96 of 100 components trade positive @ midday -Technical-

NDX 10 Best % Performers:

NTAP, BIDU, WYNN, MICC, SNDK, STX, JOYG, BRCM, INTC, SHLD

NDX 10 Worst % Performers:

VRTX, GENZ, APOL, HOLX

NASDAQ A/D +1872

NASDAQ TRIN +0.60

12:30

INTC Dow 30 (INDU) strength & weakness- Tech names (MSFT, INTC) lead @ midday as 30 of 30 components still trade positive -Technical-

INDU 5 Best % Performers:

INTC, MSFT, DD, AXP, MRK

INDU 5 Worst % Performers:

NONE

NYSE A/D +2550

NYSE TRIN +0.35

11:47

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: +3.0% Germany's DAX: +3.2% France's CAC: +3.4% Spain's IBEX: +3.2% Portugal's PSI: +3.4%

11:35

PLUG Plug Power announced restructuring; will eliminate 117 positions (0.43 +0.07)

As a result of the restructuring, the annual cash burn rate is expected to decrease by $12 to 15 mln. Plug Power expects to ship 1,100 GenDrive units in 2010.

11:32

NEP China North East Petroleum is not in compliance with AMEX's continuing listing criteria (5.50 +0.30)

AMEX is authorized to suspend, and unless prompt corrective action is taken, remove the co's common stock from AMEX. Co has not timely filed its annual report on Form 10-K for the fiscal year ended December 31, 2009 and its quarterly report on Form 10-Q for the quarter ended March 31, 2010. AMEX halted trading of the Company's common stock on the same day. (stock is halted)

11:26

HNRG Hallador Energy Company announced that its Board of Directors has declared a one-time cash dividend of $0.10 (9.44 0.00)

11:06

SPY Potential intraday pattern for S&P +25 -Update- -Technical-

(Click for chart).

10:55

RBY Rubicon Minerals intersects 1.24 oz/ton gold over 22.5 feet true thickness (3.27 0.00)

Co announces results from drill hole 305-05 at its 100%-owned Phoenix Gold Project. Reported lengths are thus interpreted to be true thicknesses. The hole intersected 1.24 oz/ton gold over 22.6 feet (42.5 g/t gold over 6.9 metres) part of a broad vein zone grading 0.59 oz/ton gold over 49.2 feet (20.1 g/t gold over 15.0 metres).

10:53

SPY S&P stalls at minor secondary barrier but... -Update- -Technical-

Noted in the 09:33 update that the index was eyeing the Fri/Mon/Wed highs and the 38% retrace of the 1173 to 1040 decline with a minor secondary barrier at 1095. A pause near the initial zone saw only minor slippage with the secondary barrier tested in recent trade (session high 1095). For the short term a posture above 1090/1089 allows for some follow through with the 200 day ema/sma near 1101/1103.

10:35

RSX Global & sector ETF movers- Global space leads (EWP, RSX, EWA) while VIX vol index lags (VXX, VXZ) through 1st hour of trading -Technical-

The Actively Traded Leading Global & Sector ETFs:

Russia- RSX +6.75%, iShares Australia- EWA +6.0%, iShares S Korea- EWY +5.75%, iShares Spain- EWP +5.75%, steel- SLX +5.50%, coal- KOL +5.75%, iShares France- EWQ +5.50%, iShares Brazil- EWZ +4.75%, solar power- TAN +4.50%, emerging mkts- EEM +4.50%, iShares Germany- EWG +4.50%, SPDRS metals & mining- XME +4.50%, BRIC countries- BKF +4.50%, casinos & gaming- BJK +4.50%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -8.75%, VXZ -4.0%, US bonds/fixed income- TLT -1.75%, TIP -0.50%, BND -0.50%, AGG -0.50%, Yen currency shares- FXY -1.0%, US Dollar index- UUP -0.50%

10:31

MSEX Middlesex Water announces J. Richard Tompkins has relinquished his position as Chairman; Dennis W. Doll has been named as replacement (17.03 +0.42)

10:30

UNG Natural gas drops to flat line, giving back all of its gains, after a larger-than-expected build; now off 2.1 cents to $4.156

10:28

NTAP NASDAQ 100 (NDX) strength & weakness- Storage name leads (NTAP) through 1st hour as 96 of 100 components trade positive -Technical-

NDX 10 Best % Performers:

NTAP, BIDU, WYNN, STX, SHLD, MSFT, SNDK, COST, MICC, JOYG

NDX 10 Worst % Performers:

VRTX, GENZ, APOL, YHOO

NASDAQ A/D +1870

NASDAQ TRIN +0.45

10:25

SPY Stock indices edge to minor new session highs -- Dow +191, S&P +22, Nasdaq +57 -Update- -Technical-

Relative sector strength on this move (outperforming the S&P) has been noted in Finance XLF / RKH, Disk Drive (SNDK +4.7%, NTAP +14.9%), Coal KOL, Steel SLX, REITs IYR.

10:24

MSFT Dow 30 (INDU) strength & weakness- Software name (MSFT) leads through the 1st hour as all 30 components trade positive -Technical-

INDU 5 Best % Performers:

MSFT, INTC, AXP, AA, GE

INDU 5 Worst % Performers:

NONE

NYSE A/D +2480

NYSE TRIN +0.40

10:19

WYNN Wynn Resorts notches a new session high of 82.55 slightly above its 50 day sma at 82.45 (82.45 +3.87) -Technical-

10:14

FRPT Force Protection provides additional guidance related to Land 121 Competition (4.17 -0.07)

There are six entities remaining in the Land 121 competition, including Force Protection Europe, LTD. Three of the entities are from the current US Joint Light Tactical Vehicle program, which is also working on the development of protected mobility vehicle prototypes.

10:01

NAVR Navarre Corporation evaluating strategic alternatives for FUNimation Entertainment (1.91 0.00) -Update-

Co announced that it has engaged Houlihan Lokey to assist it in structuring and negotiating a potential transaction for the sale of FUNimation Entertainment. Co stated "There can be no assurances that this process will result in the consummation of a transaction"...(Stock is halted)

09:58

NAVR Navarre halted; news pending (1.91 0.00)

09:49

CSKI China Sky One Medical subsidiary obtained renewal of its Good Manufacturing Practices Certificate for Pharmaceutical Products from SFDA in China (13.22 +0.66)

09:46

TECHX Early sector leadership -Update- -Technical-

Sector leadership in the early going includes: Coal KOL +4.4%, Disk Drive +4.3%, Oil Service OIH +4.1%, Steel SLX +4.1%, Solar TAN +3.9%, Casino +3.5%, Computer-Hardware +3.5%, Paper +3.1%, Software +3.1%, Auto Parts +3.1%, Semi SMH +3%, Crude Oil USO +3%, Insurance KIE +2.7%, Networking +2.7%, Technology XLK +2.3%, Machinery, Drillers (RIG, HAL, NBR, SLB, BHI, DO, NE), Refiners (FTO, VLO, HOC, SUN, MRO, TSO, WNR, ALJ).

09:42

SPY Stock indices pause near resistance at Wed highs -- Dow +145, S&P +17, Nasdaq Comp +47 -Update- -Technical-

Short term price patterns are currently constructive for another run at the highs/resistance.

09:33

SPY Gap higher start for S&P +20 bring Fri/Mon/Wed highs and a retracement into play at 1090/1091 -Technical-

There is a minor resistance above at 1095 with the more important 200 day ema/sma at 1101/1103.

09:30

LAKE Lakeland Industries participates in Gulf Oil Spill relief efforts with donation (10.00 +0.10)

Co donated a supply of polyethylene coated polypropylene coveralls to the State of Alabama.

09:25

SEED Origin Agritech sells minority stake in Biocentury for RMB 60M; initial investment was RMB 31M in 2006 (7.77 )

09:24

BA Boeing and PetroChina (PTR) announced the signing of an agreement to evaluate establishing a sustainable aviation biofuels industry in China (63.26 )

09:20

ZIOP Ziopharm Oncology prices 7 mln share common stock offering at $5/share (5.58 )

09:15

TMO Thermo Fisher signs agreement to acquire Fermentas, for $260 mln in cash (50.92 )

Fermentas had full-year revenues of ~$54 mln in 2009. The transaction is expected to close during the third quarter of 2010. The company does not expect this transaction to have a material impact on its 2010 financial results.

09:11

NLC Nalco Releases Additional Technical Information on COREXIT (21.87 )

COREXIT 9500, the only dispersant co is manufacturing to help break up the oil spilling into the Gulf of Mexico, is a simple blend of six well-established, safe ingredients that biodegrade, do not bioaccumulate and are commonly found in popular household products. The COREXIT products do not contain carcinogens or reproductive toxins. All the ingredients have been extensively studied for many years and have been determined safe and effective by the EPA.

09:01

EQT EQT, DCP Midstream Partners, and DCP Midstream, LLC announce plans for NGL joint venture in Appalachian basin (37.38 )

Co and DCP Midstream Partners, LP (DPM) and its sponsor, DCP Midstream, LLC, announce they have signed a letter of intent to create a natural gas processing and related natural gas liquid infrastructure joint venture to serve EQT and third party producers in the Marcellus and Huron shale areas of the Appalachian basin. Under the letter of intent, EQT and DCP would pursue gas processing and related NGL infrastructure opportunities in the Marcellus and Huron shale areas through the joint venture. The joint venture will be the preferred processor for EQT's wet gas in the Marcellus and Huron shale areas.

09:00

DVAX Dynavax Technologies reports its two Phase 3 HEPLISAV trials were cleared by DSMB to continue immunizations (1.61 )

Co announced that the Data Safety Monitoring Board has completed the second of its planned safety assessments. The evaluation included data from 2,264 subjects that received their first injection, 1,611 of whom received their first and second injections. The DSMB determined that the studies may continue without modification.

09:00

HRS Harris receives $27 million order to Equip Next Generation MRAP vehicles with JTRS-Approved Falcon III Tactical Radio Systems (45.84 )

08:42

FREE Freeseas beats by $0.02, beats on revs (1.29 )

Reports Q1 (Mar) earnings of $0.09 per share, $0.02 better than the Thomson Reuters consensus of $0.07; revenues fell 10.8% year/year to $15.7 mln vs the $15.3 mln consensus.

08:32

CYTR CytRx bafetinib demonstrated statistically significant inhibition of glioblastoma multiforme cell lines (0.94 )

Co reports that bafetinib (formerly known as INNO-406) demonstrated statistically significant inhibition of glioblastoma multiforme cell lines in a preclinical trial. Co also said that it is on track with previously announced plans to initiate a Phase 2 proof-of-concept clinical trial evaluating the efficacy and safety of the potent, orally available, dual kinase inhibitor bafetinib in patients with glioblastoma multiforme in the second half of 2010.

08:32

NGBF New Generation Biofuels files pstent application on new Glycerin-Based Biofuel (0.56 )

08:32

MON Monsanto lowers FY10, issues downside Q3 EPS guidance as it repositions Roundup business to address fundamental market changes (52.66 )

Co lowers FY10 EPS guidance to $2.40-2.60, ex-items, vs the $3.13 consensus; down from the low end of $3.10-3.30 previously; co also issues downside Q3 EPS guidance, sees Q3 EPS of $0.75-0.80, ex-items, vs the $1.32 consensus as the co announces it is repositioning its Roundup business in the face of fundamental structural changes that have caused upheaval in the glyphosate industry. Actions taken will reduce FY10 EPS by $0.50-0.70; these near-term actions include lowering prices on volume for the 2011 season and accelerating payment on certain distributor and retailer incentives to close out multi-tier brand support and speed the transition to the new brand strategy. The company also stated negotiations to resolve breaches of contractual obligations by two major supply customers have been unsuccessful to date.

08:31

TRIT Tri-Tech Holding announces share buy back program of up to $8 mln (9.31 )

08:31

TECHX E~mini index futures see slight downtick from very elevated levels following 8:30 ET econ. data -Technical-

Still much firmer vs. fair value

S&P 500 (ES) +23.75

NDX 100 (NQ) +40.00

INDU 30 (YM) +173

08:31

UEC Uranium Energy receives disposal well permits for the Goliad ISR project in south Texas (2.57 )

08:31

TRGL Toreador Royalty announces share repurchase program of up to $5 mln over the next 12 months (6.04 )

08:30

FINL Finish Line: Alan Cohen to retire as Chairman of The Finish Line (15.51 )

The Board has appointed Glenn Lyon, currently Chief Executive Officer and a member of the Board, to succeed Mr. Cohen as the Company's Chairman.

08:19

On The Wires

Fifth Street Finance (FSC) announced it has received an additional $50 mln commitment under its three-year credit facility with Wells Fargo Bank, increasing the size of the facility to $100 mln... CNinsure (CISG) announced the signing of a strategic partnership agreement with Taiping General Insurance... BYD Company Limited and Daimler AG (DAI) signed a contract creating a 50:50 research and technology joint venture called that will develop an electric vehicle for China. BYD and Daimler will invest RMB 600 mln to use as registered capital for the Joint venture... Thomson Reuters (TRI) announced that it has agreed to acquire Point Carbon A/S. The transaction is expected to close in the coming weeks, terms not disclosed... CNH Global NV (CNH) and OJSC KAMAZ announced that they finalized their agreement for a commercial joint venture... JJR Capital and Kingsway Financial Services (KFS) announce that JJR VI Acquisition Corp. and Kingsway have entered into a letter of intent to complete a going-public transaction by Kingsway's subsidiaries, American Country Insurance Company and American Service Insurance Company by way of a reverse takeover of J6 in a transaction valued at ~$80 mln... Health Management Associates (HMA) announced that it has executed definitive agreements to acquire a 60% interest in three Shands HealthCare hospitals. Shands HealthCare will retain a 40% ownership interest in each hospital. The transaction is expected to close by July 1, 2010. Combined, the three hospitals operate 139 beds and generate ~$100 mln of annual net revenue.

08:11

ECONX Reminder: GDP - Second Estimate, GDP Deflator - Second Estimate, Initial Claims, and Continuing Claims data due out in about 19 min at 8:30ET

08:08

NOC Northrop Grumman selected to supply national maintenance services and logistic support to the Federal Aviation Administration (60.18 )

08:07

NAUH National American University Holdings announced the pricing of an offering of 7 mln shares of common stock at $7.50/share (9.00 )

Co expects to use net proceeds from the newly issued shares to retire debt, to pay a one-time special cash dividend to stockholders of record on May 20, 2010, to fund growth initiatives, and for general corporate purposes.

08:06

ACN Accenture awarded contract to support University of Michigan's information technology transformation program (37.41 )

08:05

PPHM Peregrine Pharma Phase II advanced breast cancer data to be presented at ASCO highlights promising tumor response and progression-free survival data with its Bavituximab (3.16 )

Co announces its will present positive objective tumor response and median progression-free survival (PFS) data from a Phase II trial evaluating bavituximab in combination with paclitaxel and carboplatin chemotherapy in patients with advanced breast cancer at ASCO on June 5. "The overall tumor response of 74% of patients in this study and median PFS of 6.9 months are promising results in this breast cancer patient population. These results demonstrate the potential of bavituximab to be used in combination with paclitaxel and carboplatin in the treatment of solid tumors such as advanced breast cancer."

08:05

WU Western Union announces organizational changes; projects ~$80 mln in restructuring charges through FY11 (15.66 )

As part of new structure, the number of Executive Vice Presidents, Senior Vice Presidents, and Vice Presidents will be reduced, and the co's consumer bill payment business will report to Stewart Stockdale, President - The Americas and Executive Vice President, Global Cards and Global Key Accounts. If implemented as proposed, the co anticipates that the initiatives will result in the elimination of approx 175 positions and the migration of the work performed by approximately 550 positions, subject to the necessary individual and collective employee information and consultation obligations required by local law for potentially affected employees. WU expects annualized pre-tax savings of approximately $50 million from these initiatives when they are fully implemented by 2012. WU anticipates recording a total of approximately $80 million of restructuring charges through 2011, which includes $75 million for severance, facility closure and other costs related to this restructuring, in addition to charges associated with actions previously announced during the quarter.

08:05

NTWK Netsol scores new contracts valued at over $3 million as major automotive finance company invests in NetSol Financial Suite (0.74 )

08:03

IGC India Globalization Capital announces $35 million iron ore supply contract with Chinese Mining & Smelting Group (1.14 )

08:03

SNE Sony announced it is preparing to make its Reader digital book available in Japan, China, Australia, Italy and Spain (30.39 )

08:03

CYBX Cyberonics says VNS therapy effective at reducing depressive symptoms in patient population experiencing chronic and recurrent treatment-resistant depression (17.42 )

This dosing study showed a consistent, sustained and clinically meaningful decrease in depression symptoms across all treatment groups as measured by multiple validated depression assessment scales. Patients receiving high stimulation did not show significantly greater improvement than those receiving medium or low stimulation at the end of the 22-week acute phase (the primary outcome measure). However, there was a statistically significant decrease in depression symptoms across all five depression scales over time, a secondary efficacy endpoint.

08:02</p>

OXGN OXiGENE: Data published on OXi4503 that demonstrate potent activity against acute myeloid leukemia (AML) (0.79 )

In these studies researchers administered OXi4503 to mice that were carriers of human AML, which serve as models of human AML, including a subcutaneous model and an orthotopic model of primary human AML, which were then studied for disease regression. The data show that OXi4503 produced remissions in AML of differing subtypes, including those with activating mutations in subtype FLT3.

08:02

DMAN Demandtec Renews Agreement with Grupo Pao de Acucar for Everyday Price Optimization Software Service (6.22 )

Co announced that Grupo Pao de Acucar, a division of Companhia Brasileira de Distribuicao (CBD) and the largest retail group in Brazil, has renewed its subscription to DemandTec's Everyday Price Optimization software service.

08:00

HA Hawaiian Airlines CEO Dunkerley signs new three-year contract extension (6.81 )

08:00

STJ St. Jude Medical announced European CE Mark approval of its new Epiducer lead delivery system for neurostimulation therapy (36.84 )

07:55

CMCO Columbus McKinnon beats by $0.04, beats on revs (15.95 )

Reports Q4 (Mar) earnings of $0.10 per share, excluding non-recurring items, $0.04 better than the Thomson Reuters consensus of $0.06; revenues fell 9.4% year/year to $123 mln vs the $121.7 mln consensus. "Backlog was $67.8 mln at the end of fiscal 2010, relatively flat when compared with $71.6 mln at the end of the third quarter and $70.0 million at the end of fiscal 2009... As of March 31, 2010, ~$20 mln of backlog was not expected to ship within the first quarter of fiscal 2011."

07:37

RGEN Repligen announces FDA and EMA approval of re-analysis of images from Ph. 3 trial of RG1068 for pancreatic imaging (3.19 )

Co announces the FDA and the European Medicines Agency have approved RGEN's proposal to re-analyze the images from their Phase 3 study to establish the utility of RG1068, synthetic human secretin, in improving magnetic resonance imaging of the pancreas. The FDA and EMA have agreed to the Phase 3 re-read based on the numerous deficiencies with the analysis of the radiographic images by the contract research organization hired to oversee analysis of the Phase 3 data. A successful re-read of the Phase 3 data may support registration of RG1068 for MRI imaging of the pancreas.

07:37

GCO Genesco beats by $0.20, beats on revs; guides FY11 EPS in-line (28.98 )

Reports Q1 (Apr) earnings of $0.42 per share, excluding pretax charges of $2.4 million, or $0.06 per diluted share, related to fixed asset impairments, $0.20 better than the Thomson Reuters consensus of $0.22; revenues rose 8.4% year/year to $401 mln vs the $388.5 mln consensus. Co raises guidance, issues in-line guidance for FY11, sees EPS of $2.10-2.20 vs. $2.13 Thomson Reuters consensus.

07:31

YMI YM BioSciences enrolls first US patient in Phase II randomized, double-blind brain metastases trial for nimotuzumab (1.30 )

07:30

CELG Celgene announce dismissal of suit against Barr Labs following withdrawal of thalidomide ANDA (51.66 )

Co announces that as a result of Barr Laboratories withdrawing its Abbreviated New Drug Application for thalidomide with the FDA, the US District Court for the District of New Jersey has granted the requested dismissal of all claims and counterclaims in the thalidomide patent cases.

07:30

CYTK Cytokinetics announces opening of a Phase IIa "Evidence of Effect" clinical trial of CK-2017357 (2.87 )

Co announced that it has opened to enrollment a Phase IIa "Evidence of Effect" clinical trial of CK-2017357 in patients with peripheral artery disease and claudication. CK-2017357 is a fast skeletal muscle troponin activator and the lead drug candidate from the company's skeletal muscle contractility program.

07:12

SLXP Salix Pharma announces $200 mln convertible senior notes offering due 2015 (37.20 )

07:09

HGG HHGregg misses by $0.01, beats on revs; guides FY11 EPS and revenue above consensus (26.62 )

Reports Q4 (Mar) earnings of $0.25 per share, $0.01 worse than the Thomson Reuters consensus of $0.26; revenues rose 14.4% year/year to $417.3 mln vs the $408.7 mln consensus. The decrease in 4Q net income per diluted share is the result of a decline in comparable store sales, a decline in gross margin, an increase in operating expenses and an increase in diluted average shares. Co issues upside guidance for FY11, sees EPS of $1.35-1.45 vs. $1.32 Thomson Reuters consensus. Co issues upside guidance for FY11; expects net sales in FY11 to increase 40.0-45.0% from FY10 (translates into ~$2.31-2.39 bln vs 2.19 bln Thomson-Reuters consensus). Co expects comparable stores sales growth in FY11 of flat to +2.0%.

07:02

BDSI BioDelivery Services announces commercial partnership for BEMA Fentanyl in South Korea (2.91 )

The agreement results in potential milestone payments to BDSI of up to $1,275,000, which includes an upfront payment of $300,000.

07:02

SONO SonoSite announces definitive agreement to acquire Visualsonics; aggregate transaction value will be ~$71 million net of cash and debt (29.29 )

07:01

TFX Teleflex sells rigging services business to Houston Wire & Cable Co (HWCC) for $50 mln; transaction is expected to reduce 2010 annualized earnings by approximately $0.15 per diluted share (55.41 )

The transaction is subject to customary closing conditions and is expected to close by the end of the second quarter of 2010. Rigging Services has annual revenues of ~$80 mln in 2009, offers a range of customized heavy-duty wire rope, wire and synthetic rope assemblies, and related rigging hardware products. This transaction is expected to reduce 2010 annualized earnings by ~$0.15 per diluted share, and cash flow from continuing operations by ~$10 mln. As a result, the co is adjusting its financial estimates for 2010 from revenue of ~$1.9 bln to revenue of ~$1.81 bln; diluted earnings per share from continuing operations excluding special items from a range of $4.10-$4.25 to a range of $3.95-$4.10; and cash flow from continuing operations, exclusive of the impact of the adoption of Accounting Standards Codification topic 860 "Transfers and Servicing", from a range of $275-$280 mln to $265-$270 mln.

07:01

CEVA Ceva announces expansion of existing stock repurchase program with an additional 2 mln shares of common stock available for repurchase, representing approximately 10% of the Company's outstanding common stock (11.11 )

07:00

ACFC Atlantic Coast Federal names Jay S. Sidhu Executive Chairman (2.72 )

06:58

TIF Tiffany & Co beats by $0.13, beats on revs; raises FY11 EPS above consensus, revs in-line (43.59 )

<p>Reports Q1 (Apr) earnings of $0.50 per share, excluding non-recurring items, $0.13 better than the Thomson Reuters consensus of $0.37; revenues rose 22.4% year/year to $633.6 mln vs the $611.9 mln consensus. Co raises EPS guidance for FY11, sees EPS of $2.55-2.60, excluding non-recurring items, vs. $2.51 Thomson Reuters consensus, up from $2.45-2.50; sees FY11 revs +11% to $3.01 bln vs. $3.01 bln Thomson Reuters consensus.

06:51

S&P futures vs fair value: +21.00. Nasdaq futures vs fair value: +40.80.

06:51

Asian Markets

Nikkei...9639.72...+117.10...+1.20%. Hang Seng...19431.37...+234.90...+1.20%.

06:51

European Markets

FTSE...5140.44...+102.30...+2.00%. DAX...5900.20...+141.20...+2.40%.

06:41

TD Toronto-Dominion Bank reports 2Q10 adjusted EPS of Cdn$1.36 vs Thomson-Reuters consensus of Cdn$1.42 (68.35 )

Total revenue was Cdn$4.77 bln vs Cdn$4.33 bln in 2Q09. Provision for credit losses was Cdn$365.0 mln vs Cdn$772.0 mln in 2Q09.

06:40

HNZ HJ Heinz beats by $0.01, misses on revs; guides FY11 EPS in-line, revs above consensus; raises dividend (44.26 )

Reports Q4 (Apr) earnings of $0.60 per share, $0.01 better than the Thomson Reuters consensus of $0.59; revenues rose 8.3% year/year to $2.72 bln vs the $2.75 bln consensus. Co issues guidance for FY11, sees EPS growth of 7-10%, or $3.06-3.16, vs. $3.09 Thomson Reuters consensus; sees FY11 revs +3-4%, or $10.81-11.54 bln vs. $10.79 bln Thomson Reuters consensus. Co raises dividend (see 6:34 comment).

06:38

SPWRA Sunpower and AUO to form joint venture to accelerate Fab 3 ramp and lower manufacturing costs (10.80 )

SunPower (SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced a definitive agreement to form a joint venture with AU Optronics Corp. (AUO). The JV will own and operate SunPower's 1.4 gigawatt third solar cell fabrication facility, now under construction in Malaysia. SunPower and AUO will equally own the JV and contribute equal capital funding.

06:35

PFE Pfizer announces EMPHASIS-HF trial to halt recruitment due to significant benefit observed in patients treated with Inspra (Eplerenone) (15.11 )

Co announces it plans to halt recruitment to the EMPHASIS-HF trial early on the recommendations of the trial's independent Executive Steering Committee. The recommendations follow a second interim analysis by the independent Data Safety Monitoring Committee of the EMPHASIS-HF trial confirming the study has reached its primary efficacy endpoint early according to the protocol pre-defined stopping rules.

06:34

HNZ HJ Heinz Board increases common stock dividend by 12 cents resulting in a new annualized rate of $1.80 per common share

06:22

JSDA Jones Soda announces deal with Wal-Mart that authorizes Jones to retail its products in Walmart's ~3,800 U.S.-based stores (0.68 )

06:19

NM Navios Maritime beats by $0.18, beats on revs

Reports Q1 (Mar) basic earnings of $0.31 per share, $0.18 better than the Thomson Reuters consensus of $0.13; revenues rose 4.9% year/year to $154.4 mln vs the $139.9 mln consensus. EBITDA for the three months ended March 31, 2010 increased by $35.7 mln to $78.1 mln compared to $42.4 million for the first quarter of 2009.

06:17

BIG Big Lots beats by $0.01, reports revs in-line; guides Q2 EPS in-line; guides FY11 EPS in-line (35.87 )

Reports Q1 (Apr) earnings of $0.68 per share, $0.01 better than the Thomson Reuters consensus of $0.67; revenues rose 8.2% year/year to $1.24 bln vs the $1.23 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.44-0.49, excluding non-recurring items, vs. $0.44 Thomson Reuters consensus. Co anticipates 2Q comparable store sales will increase 4.0-5.0%. Co raises guidance for FY11, sees EPS of $2.75-2.85 (prior range $2.65-2.75), excluding non-recurring items, vs. $2.80 Thomson Reuters consensus. Co increases FY11 comparable store sales guidance, sees sales of 3.5-4.5% vs 3.0-4.0% previous estimate. Co increases cash flow guidance to $220.0 mln from prior guidance of $200.0 mln.

04:03

ESLT Elbit Systems announces it is considering the issuance of debt securities in Israel of approx NIS 500 mln (~$130 mln) pursuant to shelf prospectus filed 5/18/10 (49.61 )

04:01

COST Costco beats by $0.02, reports revs in-line (55.98 )

Reports Q3 (May) earnings of $0.68 per share, includes partial reversal in the amount of $14 mln (pre-tax) of a charge related to a Canadian tax liability, previously taken in 2Q07, $0.02 better than the Thomson Reuters consensus of $0.66; revenues rose 12.5% year/year to $17.78 bln vs the $17.62 bln consensus. Comparable sales for 3Q increased 10%.

01:41

ESV Ensco plc announces partial tender offer for outstanding shares in Scorpion Offshore Ltd. (39.42 )

Co announces that its wholly-owned subsidiary, Ensco (Bermuda) Ltd, is making a partial tender offer to purchase in the market 19% of the outstanding shares in Scorpion Offshore Ltd. (OSE: SCORE) at a price in cash of NOK 39.50 per share.

01:16

BOBE Bob Evans Farms announces $25.0 mln share repurchase authorization (27.27 )

01:15

On The Wires

Syngenta (SYT) announces the signing of an agreement to acquire the Maribo Seed sugar beet business from Nordic Sugar, a subsidiary of Nordzucker AG, for a consideration of EUR 43 mln ($52.8 mln) plus EUR 5 mln ($6.1 mln) contingent payments on a cash and debt free basis... Autobytel (ABTL) announces that its Board of Directors has adopted a Tax Benefit Preservation Plan designed to reduce the likelihood that Autobytel's use of its net operating losses, loss carryforwards and other tax assets would be substantially limited under Section 382 of the Internal Revenue Code... Discovery Communications (DISCA) prices 850 mln aggregate principal amount of 3.7% senior notes due 2015, $1.3 bln aggregate principal amount of 5.050% senior notes due 2020 and $850 mln aggregate principal amount of 6.350% senior notes due 2040... Genesco (GCO) announces that its Hat World subsidiary has entered into an agreement to acquire the assets of Sports Avenue and related entities; financial terms weren't disclosed... NovaGold Resources (NG) files its first sustainability report.

19:05

IFLG InfoLogix anounces independent committee formed to review strategic alternatives (7.32 +0.17)

Co announced that its board of directors has initiated a review of strategic alternatives to address various financial and operational challenges facing the Co and to identify the most effective means for optimizing value for stockholders, including reviewing proposals for additional financing, further restructuring its debt and effecting one or more strategic transactions.

18:04

USO July crude oil is trading 0.9% lower at $70.84 per barrel in after hours trading (32.59 +0.74) -Update-

18:02

Futures move lower after hours with S&P 500 futures now 8.28 points below fair value of 1066.68 and Nasdaq 100 futures now 9.9 points below fair value of 1796.15

18:00

SSRI Silver Standard Resources announces the appointment of John Smith as President and Chief Executive Officer (17.79 +0.41)

Co announce the appointment of John Smith as Chief Executive Officer of the co, effective August 6, 2010. Mike Anglin will continue to be Interim President and Chief Executive Officer until that time, when he will revert to his previous role as director. Smith has over 30 years of varied experience in the resources industry. He started his career in the North Sea oil industry and has spent the last 18 years with BHPBilliton, most recently as Vice President, Resourcing and Development, based in Melbourne, Australia

17:57

RMBS Rambus: ITC extends target date of final determination in Rambus matter regarding NVIDIA products (24.89 +0.74) -Update-

Co announced that it has received notification from the International Trade Commission (ITC) extending the target date for completion of the investigation until July 26, 2010. The ITC has requested further briefing regarding a license agreement between Rambus and Samsung Electronics

17:51

SA Seabridge Gold: Drilling commences at Seabridge Gold's KSM project (34.41 -1.01)

Co announced that drilling is now underway at its 100% owned KSM project as previously announced in the news release of April 19, 2010, this year's drill program is designed to (i) convert more of the existing mineral resources to proven and probable reserves, and (ii) conduct resource definition drilling at the Iron Cap zone where drilling by previous operators identified the potential for a fourth large deposit at KSM. Drilling to be conducted at the Mitchell and Sulphurets during 2010 is expected to increase reserves by 2-3 mln ounces of gold. At Iron Cap, SA's geologists believe that this new zone has the potential to host 250-500 mln tonnes of mineralized material at grades similar to the Mitchell zone.

17:26

Futures are lower after hours with S&P 500 futures 6.08 points below fair value of 1066.68 and Nasdaq 100 futures 5.65 points below fair value of 1796.15

17:19

DLTR Dollar Tree announces 3-for-2 stock split (62.03 -1.41)

17:13

AFCE AFC Enterprises beats by $0.01, beats on revs; guides FY10 EPS below consensus (10.01 -0.20)

Reports Q1 (Mar) earnings of $0.23 per share, $0.01 better than the Thomson Reuters consensus of $0.22; revenues fell 8.6% year/year to $43.8 mln vs the $42.5 mln consensus. Co reaffirms downside guidance for FY10, sees EPS of $0.73-0.77 vs. $0.78 Thomson Reuters consensus. The Co continues to project global same-store sales to be in the range of negative 1.0 to positive 2.0 percent for 2010, given the continuing challenges of the global economic environment and the intensely competitive restaurant sector.

17:05

ABT Abbott Labs announced stenting and surgery had similar initial safety and longer-term outcomes for symptomatic and asymptomatic men and women (47.17 -0.06)

Data from the CREST (Carotid Revascularization Endarterectomy vs. Stenting Trial) study were published today in The New England Journal of Medicine. In this trial, stenting and surgery had similar initial safety and longer-term outcomes for symptomatic and asymptomatic men and women. Adverse event rates of death, stroke and heart attack were also similar for both therapies. Co plans to file application by end of year seeking an expanded indication to treat standard-surgical-risk patient population.

17:04

CHRM Charm Communications reports Q1 proforma ADS of $0.21 vs. $0.02 in the prior year's quarter; revs grew 73% to $42 mln (7.65 -0.12)

17:00

AN AutoNation authorizes additional $250 mln for share repurchases (19.08 -0.08)

17:00

CPN Calpine signs 7-year, 200 megawatt power purchase agreement with Xcel Energy subsidiary Southwestern Public Service (13.55 +0.54)

16:59

MGA Magna provides clarification regarding potential battery investments (66.76 -0.67)

Co issued certain points of clarification in response to recent media reports regarding Magna's potential future investment in battery plants. Co stated: "We believe that the market for hybrid and electric vehicles will continue to grow and we hope to capitalize on the opportunities that such growth could provide to capable suppliers. We are reviewing with potential joint venture partners some of the opportunities available."

16:55

AINV Apollo Investment misses by $0.03 (10.41 )

Reports Q4 (Mar) earnings of $0.28 per share, $0.03 worse than the First Call consensus of $0.31. Total Assets: $3.5 billion Investment Portfolio: $2.9 billion

16:51

MCK McKesson raises quarterly dividend by 50% to $0.18/share (68.08 +0.27)

16:36

CSTR Coinstar Sells E-Payment Services Business to InComm for $40 mln (52.98 -0.05)

16:34

SMTC Semtech beats by $0.07, beats on revs; guides Q2 EPS above consensus, revs above consensus (17.94 +0.07)

Reports Q1 (Apr) earnings of $0.35 per share, excluding non-recurring items, $0.07 better than the Thomson Reuters consensus of $0.28; revenues rose 69.6% year/year to $101.9 mln vs the $94.6 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.37-0.39, excluding non-recurring items, vs. $0.29 Thomson Reuters consensus; sees Q2 revs growth of 6-10% sequentially, which calcualtes to ~$108.0-112.1 mln vs. $97.70 mln Thomson Reuters consensus. (Stock is halted)

16:31

MPG MPG Office Trust eliminates debt obligation; loan was scheduled to mature on June 30 (2.70 -0.05) -Update-

Co extinguished the $26.4 million construction loan obligation secured by 17885 Von Karman in Irvine, California. Co contributed ~$2.0 million in reduction of the loan and turned the property over to the lender. Co was relieved of the $26.4 million obligation and a $6.7 million repayment guaranty. The loan was scheduled to mature on June 30, 2010.

16:29

BKR Michael Baker unit Receives GSA Energy Reduction and Sustainability BPA; maximum aggregate capacity of all BPAs awarded is $500 million (36.14 -0.27)

16:21

BPZ BPZ Energy announced Perupetro accepted Nov 30, 2010 as new First Date of Commercial Production for Block Z-1 and its Corvina field in northwest Peru; co plans to apply for gas flaring permits (4.80 +0.12)

16:19

CPST Capstone Turbine named Makon Power Systems Nigeria distributor and sold two C65 microturbines (1.11 +0.03)

16:17

CVV CVD Equipment signs exclusive Distribution Agreement with Graphene Laboratories for Chemical Vapor Deposited Graphene products (3.36 -0.05)

16:17

DAC Danaos and Hanjin Heavy Industries & Construction agree to cancel three 6,500 TEU newbuilding containerships (3.84 -0.01)

16:12

HOKU Hoku misses by $0.01, misses on revs (3.05 -0.12)

Reports Q4 (Mar) loss of $0.04 per share, $0.01 worse than the Thomson Reuters consensus of ($0.03); revenues rose 592.9% year/year to $0.8 mln vs the $1.4 mln consensus. Co says "...we are not prepared to give revenue guidance at this time. That said, depending on the exact timing of our polysilicon ramp-up and the commencement of commercial shipments, and our relatively low fixed cost for Hoku Solar, we are aiming to break even, or achieve profitability this fiscal year."

16:11

AVGO Avago Tech reports beats by $0.04, beats on revs (20.02 +0.79)

Co reports Q2 EPS of $0.47, $0.04 better than the $0.43 Thomson Reuters consensus; revs rose 13% year/year to $515 mln vs $510 mln Thomson Reuters consensus.

16:10

ALXA Alexza Pharma secures $25 mln committed equity financing facility with Azimuth Opportunity (3.14 +0.09)

Co announced that it has obtained a committed equity financing facility under which it may sell up to $25 mln of its registered common stock to Azimuth Opportunity, Ltd. over a 24-month period. Alexza is not obligated to utilize any of the $25 mln facility.

16:08

HOKU Hoku receives $20 mln loan from China Merchants Bank (3.05 -0.12)

Co announced it had entered into a $20 mln credit agreement with the New York branch of China Merchants Bank. The proceeds will be used primarily to pay for capital expenses for the polysilicon production plant under construction by Hoku's subsidiary, Hoku Materials. Co has up to one month to borrow all $20 mln that is available under the credit agreement, and must repay all borrowed amounts on the two-year anniversary of the effective date of the credit agreement. Interest on borrowed amounts will accrue at the three-month LIBOR rate plus 2%, and is payable in arrears every three months. Co will also pay a facility fee of 0.5% of the total loan amount per annum, payable in arrears with the interest payments, and will reimburse Tianwei for its fees and expenses in providing the standby letter of credit.

16:07

CDXS Codexis reports Q1 ($0.50) vs. ($2.35) in the prior year's quarter; revs grew 32% to $25.7 mln (11.54 -1.10)

16:07

NDN 99 Cents Only beats by $0.07, reports revs in-line (15.16 +0.53)

Reports Q4 (Mar) earnings of $0.24 per share, $0.07 better than the Thomson Reuters consensus of $0.17; revenues rose 3.1% year/year to $339.3 mln vs the $340.3 mln consensus. For fiscal 2011 the co expects positive same-store sales in the low single digits and plans to open approximately 5% more stores in its existing markets, primarily in the second half of the year. The co believes that rev growth in fiscal 2011 will primarily result from new store openings and increases in same-store sales. With continued improvements anticipated from its profit improvement plan, the co expects to increase its fiscal 2011 income before taxes to approximately 7.5% of sales, compared to 6.9% for fiscal 2010.

16:06

JAS Jo-Ann Stores beats by $0.22, reports revs in-line; raises FY11 EPS guidance above consensus (42.70 -0.18)

Reports Q1 (Apr) earnings of $0.66 per share, $0.22 better than the Thomson Reuters consensus of $0.44; revenues rose 4.4% year/year to $480.3 mln vs the $479.7 mln consensus. Co issues raises guidance for FY11, sees EPS of $2.95-3.10 vs. $2.95 Thomson Reuters consensus. Co sees FY11 gross margin rate improvement of 40 to 70 basis points for the year versus the previously announced range of approximately 20 to 50 basis points. Expects same-store sales increase of approximately 2.5% to 3.5% for the year.

16:06

FSII FSI Intl raises Q3 guidance (2.75 +0.11)

Co now expects Q3 orders toof $28-30 mln, up from $25-27 mln prior guidance, vs $22.8 mln in Q2 2010. Co sees Q3 revenues of $27-29 million, up from $23-25 mln, vs $24.15 mln Thomson Reuters consensus. Assuming co can achieve anticipated gross profit margin and the operating expense levels, co sees Q3 net income of $5.0-6.0 mln, up from $2.5-3.0 mln prior guidance.

16:06

ALXA Alexza Pharma: Staccato Loxapine (AZ-004) reduced signs and symptoms of agitation as early as ten minutes after dosing in patients with schizophrenia or bipolar disorder (3.00 -0.05)

Results of clinical studies in patients with schizophrenia or bipolar disorder demonstrated that Staccato loxapine (AZ-004) reduced agitation in patients, regardless of the level of agitation at baseline. Improvement in agitation levels were observed as early as 10 minutes after dosing on the standard components of agitation as measured by the Positive and Negative Syndrome Scale - Excited Component (PEC). Staccato loxapine also had no significant hemodynamic effect in subjects taking chronic antipsychotic treatment and did not significantly prolong the QT interval at therapeutic doses.

16:05

INMD IntegraMed announces expansion of credit facility from $10 mln to $35 mln (8.33 +0.29)

16:04

NTAP NetApp beats by $0.06, beats on revs; guides Q1 EPS above consensus, revs above consensus (33.31 +0.22)

Reports Q4 (Apr) earnings of $0.50 per share, $0.06 better than the Thomson Reuters consensus of $0.44; revenues rose 33.2% year/year to $1.17 bln vs the $1.09 bln consensus. Co issues upside guidance for Q1, sees EPS of $0.43-0.47 vs. $0.37 Thomson Reuters consensus; sees Q1 revs of $1.1-1.14 bln vs. $1.04 bln Thomson Reuters consensus.

16:04

PAY Verifone beats by $0.03, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY10 EPS above consensus, revs above consensus (17.31 +0.49)

Reports Q2 (Apr) earnings of $0.29 per share, $0.03 better than the Thomson Reuters consensus of $0.26. Co issues upside guidance for Q3, sees EPS of $0.29-0.30 vs. $0.28 Thomson Reuters consensus; sees Q3 revs of $245-250 mln vs. $235.62 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $1.12-1.15 vs. $1.09 Thomson Reuters consensus; sees FY10 revs of $960-970 mln vs. $930.33 mln Thomson Reuters consensus.

16:04

DBRN Dress Barn beats by $0.01, beats on revs (26.63 -0.84)

Reports Q3 (Apr) earnings of $0.60 per share, $0.01 better than the Thomson Reuters consensus of $0.59; revenues rose 77.1% year/year to $665.5 mln vs the $645.8 mln consensus. Consolidated comparable sales increased 14%.

16:03

SIGM Sigma Designs beats by $0.06, beats on revs (10.41 +0.19)

Reports Q1 (Apr) earnings of $0.29 per share, $0.06 better than the Thomson Reuters consensus of $0.23; revenues rose 27.3% year/year to $65.2 mln vs the $62.7 mln consensus.

16:03

ZIOP Ziopharm Oncology announced that it is offering to sell shares of its common stock in an underwritten public offering (5.35 -0.23)

16:03

PED Petroflow Energy announces subsidiaries' reorganization filings under United States Bankruptcy Code (0.25 0.00)

Co's subsidiaries, North American Petroleum Corporation and Prize Petroleum filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court

16:02

TGI Triumph Group announced that it intends to offer $350 million in aggregate principal amount of senior notes due 2018 (66.36 -0.58)

16:01

OLP One Liberty Properties enters into an amended and restated loan agreement (14.80 0.00)

The amended and restated loan agreement reduces One Liberty's permitted borrowings from $62.5 million to $40 million, extends the maturity date to March 31, 2012, and increases the interest rate to the greater of 90-day LIBOR plus 3% or 6% per annum.

16:00

XPRT LECG Corp announces new Chief Financial Officer and General Counsel (3.20 -0.02)

The co announces that in conjunction with the move of its headquarters from Emeryville, California to suburban Philadelphia, Steve Fife, LECG's Chief Financial Officer, and Deanne Tully, LECG's General Counsel, will step down from their roles this summer. Mr. Fife will remain CFO until August 15, 2010 in order to facilitate an orderly transition to Warren Barratt, whom the firm has appointed as its new Chief Financial Officer. Deanne Tully will continue as General Counsel until June 30, 2010, when Yuri Rozenfeld will replace her.

16:00

QGEN Qiagen and Roche (RHHBY) reach settlement over distribution agreement for TheraScreen Companion Diagnostics (20.09 -0.28)

Roche maintained its rights to distribute the two assays it currently distributes (KRAS and EGFR) under the DxS TheraScreen label and QIAGEN obtained rights to distribute these assays under the QIAGEN label and also obtained exclusive distribution rights for all other assays, including future assays, developed and manufactured at QIAGEN's Manchester subsidiary.

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