Briefing.com: Hourly In Play (R) – 17:00 ET

Jun 02, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 02-Jun-10 17:00 ET

16:48

OUTD Outdoor Channel announces workforce reduction of ~30% of its Production Services employee base (5.69 +0.14)

Co estimates restructuring charge of ~$300,000 during Q2. The reduction plan is not expected to have a material impact on the Skycam and CableCam aerial camera business. "By rightsizing the unit and better aligning its production activities with our content needs, we believe we can generate improved results with less overhead. We expect the results of this program to become evident beginning in the second half of 2010."

16:47

BBI Blockbuster announced that its On Demand is now available through the latest Toshiba Blu-ray players (0.34 +0.01)

16:45

XIDE Exide Tech announced Edward O'Leary, President and COO, submitted his resignation effective as of June 16 (4.27 +0.23) -Update-

16:35

HOV Hovnanian Entrpr beats by $0.28, misses on revs (6.15 +0.18)

Reports Q2 (Apr) loss of $0.36 per share, $0.28 better than the Thomson Reuters consensus of ($0.64); revenues fell 19.9% year/year to $318.6 mln vs the $352 mln consensus. "While our second quarter net contracts were down compared to last year, the decrease was due primarily to a drop in community count. Net contracts per community for the quarter were flat at 7.4 this year compared to last year. Our sales were better than our internal plans in the second quarter, partially due to the federal homebuyer tax credit."

16:31

MRK Merck says recent study showed a 150-mg, single-dose investigational formulation of fosaprepitant dimeglumine comparable to three-day regimen of oral aprepitant for prevention of chemotherapy-induced nausea and vomiting (34.36 +0.83)

Co announced results from a new non-inferiority trial of an antiemetic regimen containing fosaprepitant dimeglumine administered as a single intravenous 150-mg dose in combination with a 5-HT3 antagonist and dexamethasone compared with a three-day regimen of aprepitant with a 5-HT3 antagonist and dexamethasone for the prevention of chemotherapy-induced nausea and vomiting in patients receiving a first cycle of cisplatin-based chemotherapy.

16:30

CEPH Cephalon provides clinical update on phase II study of NUVIGIL; announced that the primary endpoint was not met in a Phase II clinical trial (59.53 +2.08)

Co announced that the primary endpoint was not met in a Phase II clinical trial that examined NUVIGIL (armodafinil) Tablets [C-IV] as an adjunctive therapy for the treatment of the negative symptoms of schizophrenia, which include problems with motivation and emotional withdrawal. The analysis of the data showed that treatment with armodafinil did not lessen the severity of the negative symptoms of schizophrenia compared to placebo in the 24-week study. As a result of the outcome of this trial, Cephalon has decided not to move forward with this clinical program.

16:20

PAC Grupo Aeroportuario del Pacifico confirms trading suspended; co was given no specific reason (33.98 )

Co confirms trading of its shares was halted on The Mexican Stock Exchange, and as a result, on The New York Stock Exchange as of this morning. Co was given no specific reason by the Mexican Stock Exchange and will continue to update the market as more information becomes available.

16:20

FPO First Potomac Realty expands credit facility to $225 mln from $175 mln (15.00 +0.65)

16:17

GEF Greif beats by $0.05, beats on revs; guides FY10 EPS in-line (55.31 +2.06)

Reports Q2 (Apr) earnings of $0.86 per share, $0.05 better than the Thomson Reuters consensus of $0.81; revenues rose 29.1% year/year to $836.6 mln vs the $742.8 mln consensus. Co issues in-line guidance for FY10, raises EPS guidance to $4.05-4.30 vs. $4.10 Thomson Reuters consensus.

16:10

HBNK Highland Bancorp reports authorization of a third stock repurchase program; for the purchase of up to 357,573 shares, or 5%, of its outstanding common stock (9.21 -0.25)

16:10

PRXL PAREXEL reaffirms Q4 EPS guidance of $0.29-0.31 vs $0.30 Thomson Reuters consensus; narrows rev guidance to $295-301 mln vs $298.32 mln Thomson Reuters consensus (23.55 +1.12)

PAREXEL sees FY11 EPS of $1.20-1.32 vs $1.31 Thomson Reuters consensus; sees revs $1.245-1.290 bln vs $1.26 bln Thomson Reuters consensus.

16:08

LINE Linn Energy announces results of first operated horizontal Granite Wash well, with an initial production rate of 19.4 MMcfe per day (24.88 +0.88)

Co owns a 57 percent working interest in the McMahan 22-2H, which tested at a 24-hour production rate of 10.8 MMcf/d of natural gas and 634 Bbls/d of condensate. The natural gas production has a heating value of 1,300 Btu/cf, and when processed, should yield approximately 1,250 Bbls/d of natural gas liquids. Including estimated NGL recoveries and shrinkage associated with processing the natural gas, the McMahan 22-2H produced approximately 19.4 MMcfe/d.

16:07

CWTR Coldwater Creek beats by $0.07, misses on revs; guides Q2 EPS below consensus; guides FY11 EPS above consensus

Reports Q1 (Apr) earnings of $0.03 per share, $0.07 better than the Thomson Reuters consensus of ($0.04); revenues rose 6.4% year/year to $243.1 mln vs the $246.2 mln consensus. Co issues downside guidance for Q2, sees EPS of better than -$0.05 vs. $0.00 Thomson Reuters consensus. Co issues upside guidance for FY11, sees EPS of $0.08-0.12 vs. $0.06 Thomson Reuters consensus. The Company plans to open approximately 20 new retail stores in fiscal 2010. announced that Georgia Shonk Simmons, President and Chief Merchandising Officer, plans to retire on May 1, 2011. CWTR also announced that Jerome Jessup, Executive Vice President, Creative, will immediately assume responsibility for merchandise design and development.

16:07

ICO International Coal reports that construction resumed at its Tygart No. 1 Complex (4.20 +0.22)

The co announces that construction has resumed at its ICG Tygart Valley subsidiary's Tygart No. 1 deep mine complex in Taylor County, near Grafton, West Virginia. The Company expects to finance the Tygart No. 1 mine construction through operating cash flow. Development capital requirements are estimated at $325 million, including $18 million spent prior to 2010. As a result of resuming construction at Tygart No.1, the Company now expects 2010 capital expenditures to increase by $15.0 million to a range of $105.0 million to $115.0 million.

16:05

LEAP Leap Wireless: Cricket Communications wins trademark infringement case against GSM Cellular (15.05 +0.43)

Cricket Communications, a provider of unlimited wireless services and a wholly-owned subsidiary of Leap Wireless International, announces that the Company has been awarded summary judgment, a permanent injunction and nearly $78,000 in attorneys' fees in a trademark infringement case, putting an end to a lawsuit filed by Cricket against Arizona-based GSM Cellular in 2008.

16:05

AEC Associated Estates reaffirms FFO as adjusted guidance and updates acquisition guidance (13.60 -0.10)

Co reaffirmed FY10 FFO per common share of $0.86-0.92 vs $0.89 Thomson Reuters consensus. The guidance excludes $554K of cash received in Q1 for refunds on previously defeased loans and the expected Q2 non-cash charges of $1.0 mln and $700K, respectively, associated with redemption of the series B preferred shares and trust preferred debt. Co also raised its full year acquisition guidance, previously reflecting no activity, up to a range of $100-150 million, which includes the $54.3 million Northern Virginia acquisition (Riverside Station), which closed on May 18, 2010.

16:03

BLUD Immucor sees FY11 EPS of $1.23-1.29 vs $1.26 Thomson Reuters consensus; sees revs of $345-355 mln vs $354.37 mln Thomson Reuters consensus (19.79 +0.51)

The Company expects to receive 100 to 130 NEO instrument orders in fiscal 2011 and also expects to receive 200 to 240 Echo instrument orders in the coming fiscal year.

16:01

F Ford Motor confirms it will end production of Mercury vehicles in Q4; expanding its Lincoln lineup (11.85 +0.44)

Co says it expand and enhance its Lincoln brand lineup with seven all-new or significantly refreshed vehicles in the next four years as part of an aggressive growth plan. Ford also will end production of Mercury vehicles in the fourth quarter of this year to fully devote its financial, product development, production and marketing, sales and service resources toward further growing its core Ford brand while enhancing the Lincoln brand.

15:52

PUK Prudential Plc: Moody's affirms Prudential Plc ratings following decision to abandon its acquisition of AIA; the outlook remains negative (16.57 +0.04) -Update-

15:50

SLX Global & sector ETF movers- Steel (SLX) & Energy (OIH, XLE, XOP) continue to lead all sectors while VIX (VXX, VXZ) vol. measures & the Japanese Yen (FXY) still underperform heading towards the closing bell -Technical-

The Actively Traded Leading Global & Sector ETFs:

steel- SLX +6.50%, ISE Revere natural gas index- FCG +6.25%, oil drillers & drilling components- OIH +6.25%, XOP +5.25%, XES +5.0%, SPDRS metals & mining- XME +4.75%, biotechnology- BBH +4.75%, IBB +3.25%, XBI +3.75%, coal- KOL +4.75%, Russia- RSX +4.50^, airlines- FAA +4.50%, natural gas- UNG +4.75%, energy- XLE +4.0%, IYE +3.75%, IEO +5.0%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -4.0%, VXZ -1.25%, Yen currency shares- FXY -1.25%, US bonds/fixed income- TLT -1.0%, BWX -1.0%, silver- SLV -0.50%, gold- GLD -0.25%

15:34

Conferences and Shareholder/Analyst Meetings of Interest

Events of interest for tomorrow, June 3, include: VRGY, ADS, MSFT, MA at Cowen and Company Technology Media & Telecom Conference; MMM, EBAY, TXN, DELL at Sanford C. Bernstein Strategic Decisions Conference; MDR, URS, CBI, ES at Credit Suisse Group Engineering & Construction Conference; ASH Analyst Day; JNJ Medical Devices & Diagnostics Business Review; MLNX, VIRL, SMSC, NETL at Think Equity Semiconductor Conference; CREE, FSLR, CDXS at Credit Suisse Future of Energy Conference; POWI, PCLN, MOT, GRMN at Bank of America Merrill Lynch Technology Conference; NBL Analyst Conference; PKG, MWV, VAL, RKT at Goldman Sachs Basic Materials Conference; CPLA, GAIA, JACK, LKQX at RBC Capital Markets Consumer & Retail Conference; CCMP Investor Day; MOSY, SUPX, ZRAN at Sterne, Agee & Leach Technology Conference; WDR, EV at Keefe, Bruyette & Woods Diversified Financial Services Conference; TOMO at Lazard Capital Markets' Annual Radiation Oncology Day. Fed/Treasury: Fed's Bernanke; Fed's Rosengren; Fed's Hoenig; Fed's Lockhart.

15:21

BBX BankAtlantic plans rights offering of $25 mln of its Class A Common Stock (1.84 -0.06)

15:18

AMGN Amgen extends to 50 day ema (55.75 +4.99) -Update- -Technical-

Noted the early test/pause near its 20 day ema at 53.81 in the 09:49 update (running on FDA approval) and after a brief pause it has marched steadily higher to recently probe its 50 day ema at 55.95 (session high 56.00).

15:14

IAG IAMGOLD reported the death of an employee in an accident this morning at its Niobec Mine (17.30 +0.06)

Investigations are underway by the co and the Commission de la Sante et de la Securite du Travail du Quebec.

15:08

NBR Nabors Ind notches new session high of 19.61, approaching last week's rebound high and its 50 sma/ema at 19.72/19.84 (19.61 +0.95) -Technical-

15:03

GOOG Google tests yesterday's peak at 491.06 (490.84 +8.47) -Technical-

Last week's recovery high is modestly above at 493.45.

14:58

AMGN NASDAQ 100 (NDX) strength & weakness- Biotechnology (AMGN) & Construction (JOYG) name continue to lead the index heading into the final hour of trading: 98 of 100 components trade positive -Technical-

NDX 10 Best % Performers:

AMGN, JOYG, NIHD, MICC, STX, RIMM, FWLT, LRCX, LOGI, MRVL

NDX 10 Worst % Performers:

MYL, DELL

NASDAQ A/D +2005

NASDAQ TRIN +0.50

14:55

DIS Dow 30 (INDU) strength & weakness- Discretionary (DIA) & Financial (AXP) name still lead index heading into the fianl hour; 29 of 30 components trade positive -Technical-

INDU 5 Best % Performers:

DIS, AXP, HPQ, BAC, INTC

INDU 5 Worst % Performers:

MMM

NYSE A/D +1755

NYSE TRIN +0.35

14:49

COMDX NYMEX Energy Closing Prices

Crude oil ended higher by 28 cents to $72.86, natural gas rallied for 17.2 cents to $4.42, RBOB gasoline gained 5.35 to finish at $2.036 and heating oil closed higher by 4.4 cents to $2.0144 (all July contracts).

14:46

INDXCH Index Change Reminders

S&P SmallCap 600 constituent Tractor Supply (TSCO) will replace OSI Pharmaceuticals (OSIP) in the S&P MidCap 400 index, and Hi-Tech Pharmacal (HITK) will replace Tractor Supply in the S&P SmallCap 600 index after the close of trading today.

14:46

SPY Stock indices rebound in recent trade -Update- -Technical-

Intraday price swings in the currency market continue to coincide with swings in the stock indices (Click for chart). Intraday support noted in the 14:08 update (1080 S&P) held with Euro gains/Dollar Index downticks followed by a run to new highs for the Dow +144 and S&P +18 in recent trade (Nasdaq +35 approaching its midday high).

14:34

LNC Lincoln National announced that it has received commitments for a $2 bln bank credit facility (20.05 +0.42)

Co announced that the company has received commitments for a $2 bln bank credit facility, which includes a $1.5 bln credit facility allowing for the issuance of letters of credit expiring in 2015 and a 364-day $500 mln credit facility.

14:15

COMDX COMEX Metals Closing Prices

August gold shed $4.30 to $1222.60, July silver closed off 23.6 cents to $18.315, and July copper finished down 2.25 cents to $3.0405.

14:11

Mazda North American Operations reports May sales increased 35.2% y/y to 22,605 vehicles sold

14:08

SPY Stock indices slip back off early afternoon highs -- S&P +11.5, Dow +87, Nasdaq +27 -Update- -Technical-

Intraday watching support for the S&P at 1082 and 1080 for a read on the underlying strength of today's rebound (currently at 1082). The next level of interest is at 1078. Resistance in front of the high (1087) is at 1084.

13:46

NSANY Nissan Motor North America reported May sales increased 24.1% y/y to 83,764 units (14.17 -0.04)

13:41

DBD Diebold confirms settlement materials filed by SEC (28.10 -0.10)

Co confirms terms of the settlement to a judgment requiring payment of a civil penalty of $25 mln and an injunction against committing or causing any violations or future violations of certain specified provisions of the federal securities laws. Co anticipates payment of the penalty to the SEC in the near term.

13:30

BMW Group in the U.S. reported May sales declined 3.9% y/y to 22,092 vehicles

13:29

Hyundai Motor America reports May sales increased 33% y/y to 49,045 vehicles

13:28

AAI Air Tran Holdings' AirTran Airways reports May data; traffic increased by 8.4% to 1.67 bln RPMs, ASMs increased 4.6% and load factor increased 2.8 pts to 80.8% (5.81 +0.26)

13:21

NSPH Nanosphere reports its Verisens Ultra-Sensitive PSA assay will be highlighted (5.22 +0.14)

Co will present data from more than 400 patients demonstrating the Nanosphere Verisens ultra-sensitive PSA assay may be valuable in stratifying recurrence risk and monitoring male response to adjuvant therapy following radical prostatectomy.

13:08

UUP Dollar Index drops to new day session low, probes its overnight low at 86.61 and stabilizes -Technical-

The Euro currency futures contract (at 1.2256) held just under its overnight high at 1.2276.

12:52

DE Deere notches a new session high of 59.49, approaching last week's high and 50 day sma at 59.57/59.63 (59.44 +2.31) -Update- -Technical-

12:45

SLX Global & sector ETF movers- Steel (SLX) & energy (OIH, XES) continue to lead all sectors while VIX vol measures (VXX, VXZ), & the Yen (FXY) now lag @ midday -Technical-

The Actively Traded Leading Global & Sector ETFs:

steel- SLX +5.75%, oil HLDRS & oil services- OIH +4.25%, XES +3.0%, Russia- RSX +4.0%, natural gas- UNG +4.0%, airlines- FAA +3.75%, ISE Revere natural gas index- FCG +3.75%, biotechnology- BBH +3.75%, XBI +2.50%, SPDRS metals & mining- XME +3.75%, coal- KOL +3.0%, energy- IEO +3.0%, XOP +3.0%, XLE +2.50%, Thailand- THD +3.0%, global timber- CUT +2.50%

The Actively Traded Lagging Global & Sector ETFs:

VIX vol index- VXX -1.50%, VXZ -0.25%, Yen currency shares- FXY -1.0%, heating oil- UHN -0.75%, base metals- DBB -0.75%, US bonds/fixed income- TLT -0.50%, BWX -0.75%, silver- SLV -0.50%, copper- JJC -0.50%

12:43

DAI Daimler AG reports a 22% increase YoY for Mercedes-Benz and smart vehicles in the U.S. for May 2010 (50.13 +0.98)

12:32

CYPB Cypress Biosci: Medicare administrator issues positive coverage determination for Cypress Bioscience's Avise PG testing service (4.14 +0.07)

Co announced that Palmetto GBA, administrator for Medicare Part B in California, has issued a positive coverage determination for the company's Avise PG testing service. Avise PG is a test which aids doctors in therapy decisions regarding methotrexate, one of the most widely prescribed drugs for rheumatoid arthritis.

12:27

LIZ Liz Claiborne: U.S. Judge orders punitive damages against Liz Claiborne, Lucky Brand Dungarees in trademark infringement judgment (5.76 -0.05)

12:27

AMGN NASDAQ 100 (NDX) strength & weakness- Biotechnology name (AMGN) continues to lead the index @ midday; 95 of 100 components trade positive -Technical-

NDX 10 Best % Performers:

AMGN, JOYG, NIHD, LOGI, MICC, STX, FWLT, RIMM, LINTA, SNDK

NDX 10 Worst % Performers:

MYL, SHLD, GILD, CA, EBAY

NASDAQ A/D +1265

NASDAQ TRIN +0.65

12:25

AERG Applied Energetics announced the receipt of a U.S. Army contract increase for laser guided energy of $1.8 mln, bringing the ceiling value to $13.4 mln (1.41 +0.05)

12:22

DIS Dow 30 (INDU) strength & weakness- Discretionary name (DIS) & Financial name (AXP) now lead @ midday; 30 of 30 components trade positive -Technical-

INDU 5 Best % Performers:

DIS, AXP, HPQ, CAT, MRK

INDU 5 Worst % Performers:

NONE

NYSE A/D +1685

NYSE TRIN +0.45

12:10

TECHX Relative Sector Strength -Update- -Technical-

Sectors that are outperforming as the stock indices extend the intraday bounce (Dow +119, S&P +15, Nasdaq +31 -- Dollar drops/Euro jumps) include: Telecom IYZ, Housing XHB, Energy XLE, Coal KOL, Solar TAN, Steel SLX.

12:05

SPY S&P +15 tests short term resistance line -Update- -Technical-

Aggressive slide late yesterday held between the 50% and 62% retracements of the rebound off the May low (1040 - 1103) and near a flag/channel support line (also above the May pullback close low at 1067) -- Click for chart. Intraday a posture above 1080/1078 during any midday pause would leave it in position for follow through. Initial resistances above the high (1085.92) are at 1089 and 1092. The next area of interest is at 1099/1100 (congest/200 day ema).

12:01

GET Gaylord Entertain provides updates on impact of historic flooding to Nashville properties; co to release 1,743 employees effective June 12, 2010 (25.56 +0.25)

Co announced gross total remediation and rebuild costs will range from $215-$225 mln, which includes approximately $23-$28 mln in pre-flood planned enhancement projects to the Magnolia Guestrooms ($9-$11 mln); Magnolia Lobby and Corridors ($2-$3 mln); Presidential Suites ($2-$3 mln); and 2010 Planned Capital ($10-$11 mln). However, as a result of the timeline associated with the reopening of the resort, the company will release 1,743 employees, effective June 12, 2010.

11:55

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: -0.3% Germany's DAX: +0.0% France's CAC: -0.0% Spain's IBEX: -0.3% Portugal's PSI: -0.7%

11:43

SPY Stock indices pop above late morning bounce highs in recent trade -- Dow +107, S&P +13, Nasdaq +29 -Update- -Technical-

11:29

COIN Converted Organics 8-1-4 and Converted Organics 4-1-8 granular organic fertilizers receive OMRI certification and listing (0.85 +0.02)

11:18

SKT Tanger Factory partnership announces public offering of senior notes due 2020, subject to market conditions (40.82 -0.30)

11:08

BDX Becton Dickinson announced first FDA cleared assay on the BD MAX system to detect group B streptococcus (71.45 +0.76)

11:02

BP BP edges slightly above early session high at 37.36 -- session high 37.48 (37.48 +0.98) -Update- -Technical-

10:51

TPGI Thomas Properties announced series of senior management promotions (3.98 +0.06)

Co announced series of senior management promotions. Paul S. Rutter and John R. Sischo, both formerly Executive Vice Presidents, have been named to newly-created positions as Co-Chief Operating Officers of the Company.

10:40

SPY Fresh session highs for the stock indices -- Dow +71, S&P +9.4, Nasdaq +20 -Update- -Technical-

As noted earlier have seen relative strength in Energy/Commodity (XLE, OIH, GDX, KOL, SLX, TAN) and this strong intraday relative performance has continued. Also seeing strength in Biotech, Disk Drive, Rail.

10:35

SLX Global & sector ETF movers- Steel (SLX) & energy (OIH, XES) rebound lead while metals (DBB, JJC, XME) lag through the 1st hour -Technical-

The Actively Traded Leading Global & Sector ETFs:

steel- SLX +4.75%, oil HLDRS & oil services- OIH +3.25%, XES +2.75%, biotechnology- BBH +3.50%, XBI +1.75%, IBB +1.75%, airlines- FAA +2.75%, Russia- RSX +2.75%, natural gas- UNG +2.50%, ISE Revere natural gas index- FCG +2.50%, SPDRS metals & mining- XME +2.50%, coal- KOL +2.25%, Thailand- THD +2.50%

The Actively Traded Lagging Global & Sector ETFs:

base metals- DBB -1.50%, Yen currency shares- FXY -1.25%, copper- JJC -1.0%, silver- SLV -0.75%, VIX vol index- VXX -0.75%, gold GLD -0.50%, iShares Japan- EWJ -0.25%

10:29

CHNG China Natural Gas reaffirms completeion date for Phase I of the Liquefied Natural Gas Project (7.00 -0.10)

Co remains confident that the LNG plant will be completed and a test run conducted by June 30, 2010.

10:28

AMGN NASDAQ 100 (NDX) strength & weakness- Biotechnology (AMGN) continues to outperform the index through the 1st hour -Technical-

NDX 10 Best % Performers:

AMGN, JOYG, MICC, STX, NIHD, FWLT, LOGI, QGEN, SNDK, RIMM

NDX 10 Worst % Performers:

CA, CTXS, EBAY, SHLD, AMZN, MYL, HOLX, DELL, ORLY, MSFT

NASDAQ A/D +1070

NASDAQ TRIN +0.95

10:25

HPQ Dow 30 (INDU) strength & weakness- Tech. (HPQ) & Financials (AXP) lead the index through the 1st hour -Technical-

INDU 5 Best % Performers:

HPQ, DIS, AXP, CAT, AA

INDU 5 Worst % Performers:

VZ, MSFT

NYSE A/D +1275

NYSE TRIN +0.45

10:12

TM Toyota Motor sinks lower intraday as it begins to undercut its Feb-Jun range/52-wk low near $71.00; currently coming into a test of the $70.00 area (70.54 -0.98) -Technical-

10:10

TECHX Sector Relative Strength -Update- -Technical-

The indices are back hovering near their highs, sectors that have provided leadership (outperforming the S&P) include: Energy XLE / OIH, Materials, Coal KOL, Steel SLX, Airline.

10:06

SPY Nasdaq Comp +12 holds on slide back near yesterday's low and rebounds -Update- -Technical-

Dow +51 and S&P +6.5 held up better in early trade and are vacillating near early highs.

10:01

TEVA Teva Pharm: Recently published clinical pharmacology study confirms Azilect selectively inhibits MAO-B at approved doses (53.45 -0.17)

09:59

ACOR Acorda Therapeutics to Present Data at Joint Consortium of Multiple Sclerosis Centers and Americas Committee on Treatment and Research in Multiple Sclerosis Annual Meetings (35.39 +0.27)

Co announced it is sponsoring five poster presentations during the joint 24th Annual Meeting of the Consortium of Multiple Sclerosis Centers and the 15th Annual Meeting of the Americas Committee for Treatment and Research in Multiple Sclerosis, being held in San Antonio, TX from June 2-5, 2010. Acorda-sponsored poster presentations at CMSC/ACTRIMS include: Pooled data from one Phase 2 and two Phase 3 trials of AMPYRA demonstrated the efficacy of dalfampridine in improving walking as measured by change in walking speed from baseline in patients with MS

09:58

BBY Best Buy hit hard in early trade, attempting to stabilize after minor breach of its May low at 39.00 -- session low 38.90 (39.12 -1.60) -Update- -Technical-

The morning rebound high is at 39.47.

09:57

CASY Casey's General advises shareholders not to take any action regarding Couche-Tard tender offer (37.22 +0.88)

Co advised its shareholders not to take any action regarding a tender offer commenced today by Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A, ATD.B) to acquire all of the outstanding shares of Casey's for $36.00 per share in cash.

09:53

QQQQ NASDAQ 100/Comp slide into the red -Technical-

These averages have weakened after the firm start, have slipped into the red and are currently hovering just above yesterday's late day sell-off lows.

09:51

RIG Transocean continues to show relative weakness as price sinks to fresh lows below the $49.00 level (48.94 -1.10) -Technical-

Note the stock is challenging a reaction low of 49.20 going back over a year to March 2009. Next area of interest is based off the Jan 2009 lows around $46.

09:49

BBH Strong early performance in Biotech HOLDRs with AMGN providing leadership (88.64 +2.02) -Technical-

The BBH edged above its week long trade range top at 88.79 in opening trade with AMGN providing leadership following the FDA approval. However, AMGN has thus far stalled near its declining 20 day exp (53.81) while the BBH is hovering slightly under the range top.

09:48

GBG Great Basin Gold announces that it is making good progress in the delivery of its capital projects at its Burnstone Project in South Africa (1.70 +0.03)

The project is now entering the stage where the heavy civil construction has largely been completed, construction of various buildings is far advanced, and the off-site assembled components are being delivered and installed. The tailings facility project is progressing well, and will be ready to coincide with commissioning of the plant.

09:48

LCC US Airways showing relative strength this morning as it extends recent upward momentum into higher ground over $9-level (9.24 +0.60) -Technical-

Note similar relative strength seen among Airline peers CAL, DAL, UAUA, ALK, AMR, JBLU

09:47

TECHX Opening Point Gainers/Losers -Technical-

Point Gainers: GNA (+3.93), SLB (+2.72), AMGN (+2.82), SII (+1.88), JOYG (+1.68), NVO (+1.91), DIVX (+1.81), TSRA (+1.78), SHPGY (+1.74), MON (+1.63), ISLE (+1.30)

Point Losers: FAF (-17.85), ARST (-2.49), CSIQ (-2.41), SNDA (-1.69), WPRT (-1.60), SHLD (-1.52), BBY (-1.40), PSS (-1.54), SNIC (-1.26), ULTA (-1.27), IPXL (-1.14)

09:42

CSR China Security and Surveillance updates FY10 guidance (4.66 +0.05)

Co sees FY10 $1.12-1.16, prior guidance $1.15-1.20, vs $1.16 Thomson Reuters consensus; sees revs $830-850 mln, up from prior guidance of $800-820 mln, vs $795.02 mln Thomson Reuters consensus. The improved revenue guidance for the full year 2010 reflects the continued organic business growth of the Company and the anticipated consolidation from previously announced acquisitions which are to be completed in 2010.

09:41

ECONX Reminder: Pending Home Sales data due out in about 19 min at 10:00ET

09:40

NLC Nalco Statement on safe use of COREXIT dispersants (21.49 -0.18)

Co reported it has not seen any evidence of dispersant-related health effects and government responders have not stated that they have found such a link either.

09:39

SPY Stock indices stall near first level resistances -- Dow +30, S&P +4.8, Nasdaq +6.8 -Update- -Technical-

Noted first level resistances in The Technical Take at 2238/2241 Nasdaq (session high 2237), 1079/1080 S&P (session high 1178.57) and 10080/10095 Dow (session high 10082) and have seen an opening run to these levels and a pause in recent action.

09:35

QCOM Qualcomm slides back under its 52-wk close low set last week at 34.88 -- session low 34.75 (34.75 -0.32) -Update- -Technical-

Its May/52-wk intraday low is at 34.52.

09:30

ZBRA Zebra Tech has sold more than 125 million of its patient Z-band wristbands (26.74 -0.23)

09:26

ETP Energy Transfer announces east Texas pipeline (42.97 )

Co announced the construction of a 63-mile natural gas pipeline that will provide its customers additional transportation, gathering, and treating services in the rapidly expanding Haynesville Shale in east Texas.

09:21

TINY Harris & Harris Group compensation committee cancels option grants for the next year (4.10 )

Co announced that its Compensation Committee has cancelled its previously scheduled meetings for the purpose of awarding stock options pursuant to the Harris & Harris Group, Inc. 2006 Equity Incentive Plan in 2010, and will not award stock options for at least the next year.

09:20

On The Wires

Tyler Technologies, Inc. (TYL) has signed an agreement to provide Tyler's Munis enterprise resource planning solution to Victorville Water District, which serves more than 100,000 people daily... The Shaw Group (SHAW) announced it has been awarded a contract from the U.S. Army for environmental and incidental munitions remediation services at projects located throughout the U.S. and its territories... IPC The Hospitalist Company, (IPCM) announced that it has acquired LH Self Medical Services, PC, in Las Vegas, Nevada, and the hospitalist operations of Mountain Empire Medical & Surgical Associates, in Elizabethton, Tennessee... Target Corporation (TGT) announced the Kindle, Amazon's (AMZN) product, will be available nationwide June 6 at all locations... Hercules Technology Growth Capital, (HTGC) announced additional new closed commitments totaling ~$111.0 mln to new and existing portfolio companies, in addition to the previously announced new commitments of $33.0 mln on May 5, 2010... Uranium Energy Corp (UEC) is pleased to announce that it has acquired the full database of historic drill results for the co's 100%-controlled Seager-Salvo in-situ recovery uranium project in Bee County Texas... American Spectrum Realty, (AQQ) announced it has entered into a letter of intent with Amerifund Capital Securities, with respect to a proposed private placement of convertible preferred stock. If it is consummated, the co expects to sell up to $10 mln in convertible preferred stock to institutional investors... Applied NanoStructured Solutions LLC (ANS), a wholly-owned subsidiary of Lockheed Martin Corporation (LMT) and Owens Corning (OC) have signed a joint development agreement to support the commercialization of carbon-enhanced reinforcements... Cereplast, (CERP) announced that it has entered into an exclusive distribution agreement with Thailand-based Alphani International Co., Ltd. to supply bioplastic resins throughout Southeast Asia.

09:17

NYMX Nymox Pharma: new positive data on NX-1207 presented at symposium at American Urological Association Annual Meeting (4.18 )

Co announced the drug has successfully completed a series of blinded controlled multi-center U.S. clinical trials where a single dose of NX-1207 has been found to produce symptomatic improvements about double that reported for currently approved BPH drugs without causing the sexual or cardiovascular side effects associated with those drugs. Follow-up studies have shown evidence of long lasting benefit with a significant proportion of men who received a single dose reporting maintained improvement in BPH symptoms without other treatments for up to 6 1/2 years.

09:16

GME Gamestop announces executive promotions (21.86 )

Co announced the promotion of existing executives into new positions within the company. The promotions include: Daniel A. DeMatteo, Executive Chairman, from Chief Executive Officer; J. Paul Raines, Chief Executive Officer, from Chief Operating Officer

09:08

CXZ Crosshair Exp. & Mining announced initial gold recoveries of 98% at Golden Promise (0.14 )

A composite sample from six previously completed drill holes was submitted to SGS Mineral Services for preliminary metallurgical testing including gravity concentration, flotation and determination of the cyanide leaching characteristics. Thirty-four (34) samples from the drill holes were composited to provide one sample of 34.4 kilograms with a head grade which assayed 4.5 g/t gold as compared to the weighted average historical assay grade based on the individual samples of 4.18 g/t gold.

09:08

VHC VirnetX Holding confirms it was granted claims dismissal, Microsoft (MSFT) exits patent review (5.83 )

Co announced that on May 25, 2010 and June 1, 2010, the United States District Court for the Eastern District of Texas, Tyler Division entered two Orders of Dismissal whereby all claims asserted by VirnetX, Inc., the wholly-owned operating subsidiary of VirnetX Holding Corporation, against Microsoft Corporation with respect to the lawsuits filed by the Company against Microsoft were dismissed with prejudice.

09:05

SLGN Silgan Holdings announces authorization for stock repurchases of up to $300 mln (27.76 )

09:05

ETFC E*TRADE Financial Corporation 1-for-10 reverse stock split takes effect today under the symbol ETFCD (1.42 )

09:04

EMN Eastman Chem raises Q2 and FY10 guidance (58.30 )

Co raises guidance for Q2 (Jun), sees EPS of above $1.60, up from $1.50-1.60, vs. $1.57 Thomson Reuters consensus. Co raises guidance for FY10 (Dec), sees EPS of $5.25-5.50, up from $5.00-5.25, vs. $5.30 Thomson Reuters consensus.

09:04

KBX Kimber Resources announces positive preliminary assessment for Monterde gold-silver project, Mexico (0.93 )

Co announces that it has received the results of an independent Preliminary Assessment prepared by Micon International on its 100% owned Monterde project, located in Mexico's Sierra Madre mining district. "The Preliminary Assessment for Kimber's Monterde project presents a very attractive scenario for the development of a high grade, low cost gold-silver mine."

09:02

RICK Rick's Cabaret Inc. purchases additional adult club in Dallas-Fort Worth market for $2 mln (8.90 )

09:01

BSDM BSD Medical reports results from clinical study on pancreatic cancer presented at ESHO 2010 meeting (1.35 )

Co reports from a clinical study on the use of hyperthermia, delivered using the BSD-2000 Hyperthermia System, to treat pancreatic cancer. Dr. S. Maluta, University Hospital of Verona, Italy, reported the results of a randomized Phase II study of 74 patients with advanced pancreatic cancer. Dr. Maluta reported that the recurrent and metastatic pancreatic patients who were treated with hyperthermia combined with radiochemotherapy had a median survival of 14 months, as compared to a median survival of only 5 months for those treated with radiochemotherapy alone. The one-year survival was increased by 3 months for all patients who were treated with hyperthermia, as compared to patients who did not receive hyperthermia treatment.

08:48

PVG Penn Virginia GP Hldgs, LP prices 8,827,429 common units at $16.08/unit (17.13 )

08:46

CTT Competitive Technologies to raise >$5.0 mln to accelerate Calmare Pain Therapy Treatment sales (3.37 )

Co announces that it has signed an agreement to raise >$5.0 mln by selling 2 mln shares of equity to Crisnic Fund, S.A. based on a 15% discount from the volume weighted average price on the date the SEC declares the registration effective, as detailed in the 8-K being filed today. The funds raised will provide financing for CTT to more aggressively sell its Calmare Pain Therapy Treatment.

08:46

CCME China MediaExpress announced that it has signed several new long-term agreements, adding a total of 408 express buses to its network (12.68 )

08:44

SD SandRidge Energy and Arena Resources, Inc. announce amendment to merger agreement (6.10 )

Co's jointly announced that they have agreed to amend the merger agreement under which SandRidge will acquire Arena (ARD). Pursuant to the revised terms, each outstanding share of Arena will be converted in the merger into the right to receive 4.7771 shares of SandRidge common stock plus $4.50 per share in cash. The board of directors of each company has unanimously approved the amendment to the merger agreement and recommends that the respective stockholders vote in favor of the transaction. In the event Arena accepts a superior proposal, the termination fee will be reduced from $50 million to $39 million.

08:38

CMN Cantel Medical announced subsidiary acquires Purity Water Company of San Antonio (16.48 )

The acquired business had pre-acquisition revenues of approximately $3.0 million. This cash deal is expected to be slightly accretive to Cantel's earnings per share in the first year.

08:36

GNA Gerdau AmeriSteel: Gerdau S.A. Proposes to Acquire the Minority Shares in Gerdau Ameristeel Corporation (7.17 )

Co and Gerdau S.A. (GGB) announced that Gerdau S.A. has delivered to the Board of Directors of Gerdau Ameristeel a proposal to acquire all of the shares of Gerdau Ameristeel Corporation that Gerdau S.A. does not already own for US$11.00 cash per share. This proposal values Gerdau Ameristeel's minority held shares at approximately US$1.6 billion. Gerdau S.A. already owns 66.3% of the outstanding shares of Gerdau Ameristeel and intends to fund the acquisition and related expenses through its existing cash resources and committed financing.

08:36

AAPL Apple: Stifel sees HTC's momentum as incrementally negative for iPhone sales (260.83 ) -Update-

Stifel says that based on their checks and discussions with HTC, they believe that orders are progressing better than expected at Verizon (Incredible), T-Mobile (HD2, myTouch), and Sprint (Hero), with building expectations for Sprint's 4G EVO release. The firm views HTC's momentum as incrementally negative for iPhone sales given its lower price point, high-end feature set, and growing mindshare among carriers and consumers alike. They say HTC's momentum also puts pressure on RIMM to deliver at the high-end of the market.

08:35

BMR BioMed Realty announced the promotion of Greg Lubushkin to Chief Financial Officer (16.70 )

08:34

EFX Equifax agrees to sell direct marketing services division to Alliance Data (ADS) for $117 mln (29.34 )

08:34

DAKT Daktronics misses by $0.02, beats on revs (8.08 )

Reports Q4 (Apr) loss of $0.12 per share, $0.02 worse than the Thomson Reuters consensus of ($0.10); revenues fell 24.0% year/year to $92 mln vs the $83.7 mln consensus.

08:34

SHIP Seanergy Maritime announces the acquisition of a controlling interest in Maritime Capital Shipping for $30 mln and the expansion of its controlled fleet to 20 dry bulk vessels (1.26 )

08:33

ICE IntercontinentalExchange reports futures average daily volume in May up 44% (115.83 )

Co reports average daily volume for ICE's futures markets grew 44% from May 2009 to a record 1,441,567 contracts in May 2010. ICE Futures Europe established its fourth monthly ADV record in 2010 with 983,100 contracts traded, up 59% from May 2009. YTD through May 31, 2010, ADV across ICE's futures exchanges was 1,340,093 contracts, an increase of 34% compared to the same period of 2009. Total futures volume in May 2010 was 28.8 mln contracts.

08:33

ISLE Isle of Capri beats by $0.28, beats on revs (9.29 )

Reports Q4 (Apr) earnings of $0.20 per share, excluding non-recurring items, $0.28 better than the Thomson Reuters consensus of ($0.08); revenues fell 4.6% year/year to $268.8 mln vs the $260.3 mln consensus.

08:32

LMT Lockheed Martin announces actions to reshape portfolio (79.17 )

Co plans to divest most of the Enterprise Integration Group (EIG) and Pacific Architects and Engineers (PAE), two units under the company's Information Systems & Global Services (IS&GS) business area. Co also announces the realignment of two other IS&GS units--Readiness & Stability Operations (RSO) and Savi Technology, Inc.--with Simulation, Training and Support (STS) unit under Electronic Systems.

08:32

URRE Uranium Resources sells part of its geologic database for $250,000 (0.47 )

08:31

CELM China Electric Motor appointed Xinming ("Michael") Xiao as Chief Operating Officer (5.58 )

08:30

CCC Calgon Carbon Awarded U.S. Army Air Filtration Contract (14.10 )

Co announced that it has been awarded a federal contract by the U.S. Army Contracting Command, Rock Island, Illinois, for general purpose air filtration machinery. The contract is valued at a minimum of $1.9 million with a potential value of $5.1 million over a period of three years.

08:29

ARG Airgas comments on Air Products' tender offer extension (62.00 )

Co's Board of Directors remains unanimous in its belief that Air Products' unsolicited tender offer is an opportunistic attempt to transfer the value of Airgas to Air Products at a grossly inadequate price

08:26

CADC China Advanced Construction Materials Group awarded $1.3 mln China high-speed rail contract (3.89 )

08:18

PRGO Perrigo: Tentative approval received on generic version of HalfLytely and Bisacodyl tablets bowel prep kit (56.52 )

08:14

S&P futures vs fair value: +4.50. Nasdaq futures vs fair value: +10.00.

08:13

Asian Markets

Nikkei...9603.24...-108.60...-1.10%. Hang Seng...19471.80...-25.20...-0.10%.

08:13

European Markets

FTSE...5110.55...-52.60...-1.00%. DAX...5939.50...-42.00...-0.70%.

08:11

SIHI SinoHub Inc. secures two new bank lines for $14 mln (2.78 )

08:09

ARNA Arena Pharm announces notification of tentative September 16th FDA Advisory committee meeting to review Lorcaserin for weight management (3.05 )

08:09

LTS Ladenburg Thalmann Financial to raise $14 million in a private placement transaction (1.48 )

cO will issue at $1.00 per share 14 million shares of common stock, which are restricted securities and carry no registration rights.

08:07

SURG Synergetics reports Q3 prelim results and expected gains from sale of Omni product line (2.71 )

Co says due to previously announced Settlement and License Agreement with Alcon Laboratories, it expects to recognize a gain of ~$2.4 million pre-tax or ~$0.06 per diluted share in the third fiscal quarter. Co also expects the gain from the sale of the Omni product line to Stryker of ~$800,000 pre-tax, or ~$0.02 per diluted share. Co anticipates having a significantly improved cash position after the payment of the related taxes and debt pay-downs.

08:06

EVR Evercore Partners Launches Institutional Equities Business (31.83 )

Co announces the launch of its Institutional Equities business having received required regulatory approvals and completed the build-out of its sales, trading and operational infrastructure.

08:05

MPR Met-Pro Corp subsidiary recieved $600,000 order (9.06 )

Co announces that its Strobic Air subsidiary in Harleysville, Pennsylvania, received an order totaling approximately $600,000 from a nanotechnology laboratory in Western Europe.

08:03

KTOS Kratos Defense and Security receives over $9 million in new contract awards for reset and refurbishment of aviation maintenance shelters (12.09 )

08:02

SCVL Shoe Carnival beats by $0.01, reports revs in-line; guides Q2 EPS in-line, revs below consensus (25.08 )

Reports Q1 (Apr) earnings of $0.72 per share, $0.01 better than the Thomson Reuters consensus of $0.71; revenues rose 13.3% year/year to $189.5 mln vs the $189.5 mln consensus. Co issues guidance for Q2, sees EPS of $0.23-0.27 vs. $0.27 Thomson Reuters consensus; sees Q2 revs of $165.0-168.0 mln vs. $170.93 mln Thomson Reuters consensus. Co expects 2Q10 comparable store sales to increase 8.0-10.0%.

08:02

NPD China Nepstar Chain Drugstore announced the resignation of Ian Wade as Chief Executive Officer; Jason Xinghua Wu thas been named acting Chief Executive Officer (3.56 )

08:02

MCZ Mad Catz entered agreement with Major League Gaming to develop MLG-branded PC and videogame controllers and fight sticks (0.41 )

08:02

INUV Inuvo announces that Wally Ruiz has been appointed Chief Financial Officer effective June 1, 2010 (0.16 )

08:02

WM Waste Mgt President & Chief Operating Officer Larry O'Donnell to leave company (31.97 )

Co announces that president and chief operating officer Larry O'Donnell and the company have reached an agreement that O'Donnell will be leaving the company to pursue chief executive officer opportunities.

08:01

ROLL RBC Bearings beats by $0.03, beats on revs (27.63 )

Reports Q4 (Mar) earnings of $0.37 per share, $0.03 better than the Thomson Reuters consensus of $0.34; revenues fell 4.8% year/year to $79.8 mln vs the $76.7 mln consensus.

07:59

CECE CECO Environ. announces new orders totaling approximately $10 mln (5.17 )

07:46

PUK Prudential Plc confirms their proposed termination of agreement to combine with AIA Group Ltd (16.53 )

In a 6-K filing, Prudential plc confirms that it is in negotiations with AIG (AIG) for the termination of the agreement for the combination of Prudential with AIA Group Ltd. If, as expected, the agreement with AIG is terminated, the Board of Prudential will not put any resolutions to the court and shareholder meetings convened for June 7, 2010 and it will not be proceeding with the rights issue or other financing relating to the transaction.

07:41

TRAD TradeStation Group reports monthly business metrics; 110,400 DARTs up 8% YoY; total client assets of $2.2 bln up 16% YoY (6.97 )

07:35

SNSS Sunesis Pharma Completes Consultative Review Process With EMA for Voreloxin in AML (0.80 )

Co announced that it has received written, scientific advice from the European Medicines Agency on the co's proposed plans for further development of voreloxin in acute myeloid leukemia, including the co's plans for a pivotal trial in patients with first relapsed or primary refractory AML. The EMA's written advice, similar to guidance previously received from the U.S. Food and Drug Administration in February following formal End-of-Phase 2 meetings, is consistent with and supportive of Sunesis' proposed plans, and provides development clarity toward a potential regulatory submission for marketing approval.

07:34

UNFI Utd Nat Foods beats by $0.03, beats on revs; narrows FY10 EPS range, raises rev guidance; extends partnership with Whole Foods (31.05 )

Reports Q3 (Apr) earnings of $0.45 per share, $0.03 better than the Thomson Reuters consensus of $0.42; revenues rose 10.8% year/year to $985.7 mln vs the $944.1 mln consensus. Co updates guidance for FY10, now sees EPS of $1.55-$1.58 (vs. $1.54 Thomson Reuters consensus), narrowed from the co's previous range of $1.48-$1.58; now sees FY10 revs of $3.68-$3.72 bln (vs. $3.64 bln Thomson Reuters consensus), up from the previous range of $3.54-$3.63 bln. Co also announced that it and Whole Foods Market (WFMI) have amended their Primary Distribution Agreement to extend the term of the agreement for an additional seven years. Under the terms of the amended agreement, the Company will continue to serve as the primary wholesale natural grocery distributor to Whole Foods Market in those United States regions where UNFI currently serves as the primary distributor.

07:32

MDCI Medical Action beats by $0.06, misses on revs (10.98 )

Reports Q4 (Mar) earnings of $0.30 per share, $0.06 better than the Thomson Reuters consensus of $0.24; revenues fell 2.3% year/year to $71.2 mln vs the $74.2 mln consensus.

07:32

CDCS CDC Software announced it has acquired iDC, a Cloud-based ERP solution for government and not-for-profit markets (8.31 )

07:31

CME CME Group volume averaged all-time record of 16.8 mln contracts per day in May 2010, up 58% (311.63 )

07:29

On The Wires

Amerigon Incorporated (ARGN) announced that its proprietary heated and ventilated seat system will be offered as an option on the front seats of the all-new 2011 Hyundai Tucson... WABCO Holdings (WBC) entered into a long term agreement with a manufacturer in Europe to supply WABCO's air disc brakes for medium duty trucks starting in 2013 for series production in Europe... ChinaCast Education (CAST) 43% owned subsidiary, China Post Media formalized a 10-year exclusive agreement with Hunan Copote to commission a nationwide advertising and retail product distribution network through 38,000 retail post office outlets located throughout China... Rentrak Corporation (RENT) announced a television measurement agreement with Zee TV.

07:27

DIVX Sonic to acquire DivX for ~9.83/share in cash and stock (6.95 )

DivX stockholders would receive a combination of cash and stock equal to $3.75 in cash and 0.514 shares of Sonic common stock for each share of DivX they hold. Acquisition is expected to be accretive to Sonic's (SNIC 11.83) shareholders, potentially doubling fiscal year 2012 earnings per share on a non-GAAP basis.

07:25

On The Wires

Tenneco (TEN) announced that Unipart Automotive, the U.K.'s largest independent automotive parts supplier, has selected Tenneco as a key supplier of aftermarket exhaust systems and components for the U.K. market... GlobalSCAPE (GSB) announced that it has entered into a partnership agreement with Rackspace Hosting (RAX)... FactSet Research Systems (FDS) announced that it has acquired Market Metrics, Inc. Market Metrics currently has annual subscriptions of $16 mln and is supported by 25 employees. The acquisition of Market Metrics is not expected to have a material impact on FactSet's fiscal 2010 fourth quarter or fiscal 2011 diluted earnings per share... Monarch Community Bancorp (MCBF), the holding company for Monarch Community Bank, announced that on May 27, 2010 its board of directors accepted the resignation of Donald L. Denney as President and CEO of the Company and the Bank...The National Mediation Board has denied a request to be released from contract negotiations filed by the Teamsters local that represents airline mechanics at UPS (UPS)... Clark Holdings (GLA) announced the appointment of Kevan D. Bloomgren to the position of CFO... Immersion Corporation (IMMR) reports SOFAR S.p.A obtained a license to Immersion's TouchSense haptics technology for use in its ALF-X telesurgical robot system.

07:13

TSRA Tessera Tech raises 2Q10 revenue guidance (16.87 )

Co issues upside guidance for Q2 (Jun), sees Q2 (Jun) revs of $74.0-75.0 mln (prior $67.0-70.0 mln) vs. $68.55 mln Thomson Reuters consensus. Co raises guidance due primarily to better than anticipated royalties from certain of the co's Micro-electronics customers and increased sales of its Micro-Optics products. TSRA expects its Micro-electronics revenue will range between $65.0-65.5 mln, all of which will be royalty and license related. The co expects its Imaging & Optics revenue, in total, to range between $9.0-9.5 mln. Imaging & Optics products and services revenue is expected to range between $5.75-6.0 mln and Imaging & Optics license fees and royalties are expected to range between $3.25-3.50 mln.

07:06

DLR Digital Realty Trust announced that it plans to sell 4,250,000 shares of its common stock in an underwritten public offering (56.91 )

07:05

LAYN Layne Christensen beats by $0.12, beats on revs (23.74 )

Reports Q1 (Apr) earnings of $0.34 per share, $0.12 better than the Thomson Reuters consensus of $0.22; revenues rose 13.0% year/year to $230.7 mln vs the $216.9 mln consensus.

07:04

AVII AVI BioPharma announces topline biopsy data from Phase 1b/2 clinical trial of AVI-4658 (1.39 )

Co announces topline biopsy data from Study 28, the ongoing Phase 1b/2 clinical trial of AVI-4658, AVI's lead drug candidate being developed as a systemically administered treatment for a substantial subgroup of patients with Duchenne muscular dystrophy, a genetic muscle wasting disease caused by failure to produce dystrophin. Topline biopsy data from the study demonstrated the first ever reported generation of new dystrophin-positive muscle fibers of more than 50% of normal in a patient with DMD following systemic administration of a drug.

07:03

ENMD EntreMed reports ENMD-2076 sees preclinical antitumor activity in colorectal cancer (0.47 )

Co announced the publication of preclinical results for its clinical-stage Aurora A/angiogenic kinase inhibitor, ENMD-2076, in human colorectal cancer xenograft models. ENMD-2076 demonstrated robust antitumor activity against murine xenograft models of human colorectal cancer (CRC) established from both cell lines and primary human samples.

07:03

LOCM Local.com raises Q2 guidance and FY10 revs guidance (7.48 )

Co raises guidance for Q2 (Jun), sees EPS of $0.19-0.20, up from $0.16-0.17, vs. $0.17 Thomson Reuters consensus; sees Q2 (Jun) revs of $22.3-22.8 mln vs. $20.59 mln Thomson Reuters consensus. Co raises guidance for FY10 (Dec), sees FY10 (Dec) revs of $87-90 mln, up from $81-84 mln, vs. $82.75 mln Thomson Reuters consensus.

07:02

MON Monsanto and Dow AgroSciences reach new licensing agreement on Roundup Ready 2 Yield soybean technology (48.77 )

07:02

ICFI ICF International wins $6.5 mln contract from city and county of San Francisco (22.12 )

07:00

DCO Ducommun announces $12 mln contract with TIGHITCO to provide exhaust ducts for the Sikorsky Black Hawk Helicopter (18.88 )

06:48

PTEN Patterson-UTI reports drilling activity for May 2010 (13.64 )

Co reports that for the month of May 2010, PTEN had an average of 155 drilling rigs operating, including 155 rigs in the United States and no rigs in Canada. For the two months ended May 2010, the co had an average of 152 drilling rigs operating, including 151 rigs in the United States and 1 rig in Canada.

06:35

RPTP Raptor Pharma licenses intellectual property related to Huntington's Disease from Weizmann Institute of Science (3.57 )

Co announces they have acquired an exclusive worldwide license to intellectual property related to the potential treatment of Huntington's Disease from the Weizmann Institute of Science in Israel and Niigata University in Japan.

06:33

IRSN Irvine Sensors unit received new awards and add-ons to an existing contract of ~$5.9 mln (0.28 )

Co announces that its 3D Systems and Technologies group has recently received new awards and add-ons to an existing contract, which aggregate to ~$5.9 mln.

06:32

ALXN Alexion Pharma accelerates plans to launch Soliris in Japan; raises FY10 revenue and non-GAAP EPS guidance (48.84 )

Co and Alexion Pharma International Sarl announce that the launch of Soliris as a treatment for patients with PNH in Japan will begin in the third quarter of 2010, approximately three months earlier than previously expected. Alexion's accelerated plans for the launch of Soliris in Japan are based on recent approval of the price for Soliris in Japan by an advisory committee of Japan's Ministry of Health, Labour and Welfare. Co issues upside guidance for FY10; sees revenue of $515.0-530.0 mln (prior $505.0-520.0 mln) vs $524.58 Thomson-Reuters consensus and sees non-GAAP EPS of $1.63-1.68 (prior $1.60-1.65) vs $1.66 consensus.

06:32

MSPD Mindspeed reaffirms Q3 revs guidance (8.68 )

Co reaffirms Q3 revs of 5-9% sequential growth or ~$42.3-43.9 mln, excluding potential patent sales, vs $43.11 mln Thomson Reuters consensus. "We are currently experiencing record backlog levels for the fiscal third quarter, as well as consistent backlog for the fiscal fourth quarter."

06:07

GG Goldcorp announces sale of San Dimas mine (43.22 )

Co announces that Goldcorp subsidiaries have entered into a binding letter agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources, a co engaged in acquiring and developing precious metals resource properties. Under the terms of the letter agreement, Goldcorp will receive total consideration of $500 mln, consisting of $275 mln in cash, $175 mln of Mala Noche common shares valued at the offering price of Mala Noche's proposed equity financing and a $50 mln promissory note payable over five years which will bear interest at a rate of 6% per annum. Goldcorp's ownership interest in Mala Noche is expected to be approx 30%.

06:05

WIRES On The Wires

ZymoGenetics (ZGEN) announces the initiation of the second part of a Phase 2 clinical trial with PEG-Interferon lambda and ribavirin in treatment-naive patients with chronic hepatitis C virus infection. ZymoGenetics is developing the investigational compound PEG-Interferon lambda in collaboration with Bristol-Myers Squibb (BMY)... Measurement Specialties (MEAS) announces that it entered into a new Credit Agreement dated June 1, 2010, among JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, Bank of America, N.A., as syndication agent, and certain other parties thereto... Silver Wheaton (SLW) announces amended silver purchase agreement in conjunction wiht Goldcorp's (GG) proposed sale of San Dimas mine.

06:02

JOSB Jos. A. Bank beats by $0.14, beats on revs (60.64 )

Reports Q1 (Apr) earnings of $0.85 per share, $0.14 better than the Thomson Reuters consensus of $0.71; revenues rose 10.0% year/year to $178.1 mln vs the $175.3 mln consensus.

04:08

On The Wires

Santarus (SNTS) announces that is has begun to enroll patients in the first study in its Phase III clinical program to evaluate the efficacy and safety of rifamycin SV MMX for the treatment of patients with travelers' diarrhea... Allot (Communications (ALLT) receives $4.5 mln order form tier-1 fixed operator.

02:14

OPTT Ocean Power Tech appoints Brian M Posner as Chief Financial Officer, effective June 1, 2010 (5.74 )

01:57

TSEM Tower Semiconductor signs agreement with current lender banks (1.31 )

Co announces that it had signed an agreement with its Israeli lender banks, according to which it will prepay $20 mln of its long term bank debt, originally due in September 2011, funded by its improved operating margins, which have recently been much better than expected. The co is working with its lender banks, Bank Leumi and Bank Hapoalim and institutional bondholders, to restructure and re-finance its long-term bank and institutional debt. Pursuant to the agreement, the banks consented to the issuance by the co of up to $100 mln of new long term debentures, which may include long-term debentures issued in exchange for its current debentures due 2011 and 2012. The co expects these long-term debentures to have an average duration of five to seven years, but has not yet made any decision as to the issuance of any new long-term debentures nor as to the scope, terms or timing thereof.

01:50

IRDM Iridium Communications announces comprehensive plan for constellation (8.71 )

Co announces its plan for funding, building and deploying its next-generation satellite constellation, Iridium NEXT. Specifically, the co announced the execution of a fixed price contract with Thales Alenia Space, a joint co between Thales (67%) and Finmeccanica (33%), for the design and construction of satellites for the Iridium NEXT constellation.

01:16

On The Wires

Kraton Polymers LLC (KRA) announces a general price increase in the Americas and Asia of 330 USD /t, or 15 cpp, for all Kraton HSBC polymers and compounds... Kraton Polymers LLC (KRA) annnounces a general price increase in the Americas of 110 USD/t, or 5 cpp for Kraton SBS and OE SBS polymers... Silver Standard Resources (SSRI) reports positive results from a National Instrument 43-101 compliant Preliminary Assessment on its wholly-owned Snowfield Project located in northern British Columbia, Canada. The project includes development of an open pit mine, a processing plant, infrastructure, waste rock storage and tailing impoundment areas to recover the mineralization identified to date... Novartis Pharmaceuticals, a US subsidiary of Novartis AG (NVS), announces that nearly 170 abstracts highlighting investigational uses of current therapies and investigational agents in the Novartis Oncology portfolio will be presented at the 46th Annual Meeting of the American Society of Clinical Oncology from June 4 through June 8.

01:14

GAME Shanda Games misses by $0.01, misses on revs (5.29 )

Reports Q1 (Mar) GAAP earnings of $0.16 per share, $0.01 worse than the Thomson Reuters consensus of $0.17. Revenue increased 10% year/year to $167.5 mln vs $171.43 mln consensus.

01:03

SNDA Shanda Interactive misses by $0.08, misses on revs; announces $200.0 mln share repurchase program (41.96 )

Reports Q1 (Mar) earnings of $0.58 per share, excluding non-recurring items, $0.08 worse than the Thomson Reuters consensus of $0.66; revenues rose 19.2% year/year to $193.1 mln vs the $201.6 mln consensus. Non-GAAP operating margin was 30.1% in the first quarter of 2010, compared with 42.4% in the first quarter of 2009 and 40.4% in the fourth quarter of 2009. Co authorizes $200.0 mln share repurchase program.

00:59

ALGT Allegiant Travel reports May 2010 traffic (52.83 )

Co reports preliminary passenger traffic results for May 2010. Scheduled Service: Revenue passenger miles increased 10.0% year/year to 419.07 mln. Load factor was 92.1% vs 90.6% in May 2009. Total System: RPM increased 8.7% year/year to 441.6 mln. Load factor was 87.9% vs 88.0% in May 2009.

00:55

HAL Halliburton to provide update on Gulf of Mexico operations (21.15 )

Co announces that it will provide an update on Gulf of Mexico operations during a conference call hosted by Credit Suisse on Wednesday, June 2, 2010, at 10:00 AM CST.

18:35

Futures are lower after hours with S&P 500 futures 2 points below fair value of 1070 and Nasdaq 100 futures 2 points below 1835

18:26

VVUS Vivus reports positive results from Phase 3 study of Avanafil in erectile dysfunction presented at AUA Annual Meeting (12.20 -0.46)

The co announces that data from the previously reported phase 3 pivotal REVIVE (TA-301) study were presented at the AUA 2010 Annual Meeting. The REVIVE study met all primary endpoints across the three doses studied by demonstrating statistically significant improvements in erectile function as measured by the Sexual Encounter Profile (SEP) and improvements in the International Index of Erectile Function (IIEF) score. Successful intercourse was also reported in as little as 15 minutes and beyond six hours in subjects who attempted intercourse at those time points.

18:25

CAL Continental Air reports May 2010 operational performance (20.29 -0.81)

The co reports a May consolidated (mainline plus regional) load factor of 83.8 percent, 2.9 points above the May 2009 consolidated load factor, and a mainline load factor of 84.1 percent, 2.8 points above the May 2009 mainline load factor. The carrier reported a domestic mainline May load factor of 85.4 percent, 0.7 points above the May 2009 domestic mainline load factor, and an international mainline load factor of 82.9 percent, 4.9 points above May 2009.

18:22

TGA Transglobe Energy announces a new oil discovery in Egypt (7.11 +0.20)

The co announces that oil was recovered on test from Safwa NW-1, its latest exploration well in the East Ghazalat Concession in the Western Desert of Egypt. Wire line logs across the Lower Bahariya Formation confirmed approximately 30 feet of net, producible oil-bearing reservoir with an average porosity exceeding 20%. A 14 foot interval was perforated and tested at a rate of 250 barrels of light, 34 degrees API oil per day. The well is currently suspended awaiting a full test.

18:13

MWE MarkWest Energy: MarkWest Liberty Midstream and Sunoco Logistics announce new Marcellus Ethane Pipeline and Marine Project (28.19 -1.08)

MarkWest Liberty Midstream & Resources, a partnership between MWE and The Energy & Minerals Group, and Sunoco Logistics Partners (SXL) announce a combined pipeline and marine project for ethane produced in the Marcellus Shale Basin. The Mariner Project is anticipated to have initial capacity to transport up to 50,000 barrels per day of ethane to Gulf Coast markets as soon as the second quarter of 2012 and could be scaled to transport higher volumes to support additional ethane production in the Marcellus region.

18:12

ABII Abraxis BioScience: New data demonstrates potential of ABRAXANE in difficult-to-treat refractory invasive bladder cancer (50.81 +6.36)

The co announces that findings from a phase 1 randomized trial demonstrated that the nanoparticle albumin bound (nab(R)) driven chemotherapy, nab-paclitaxel (ABRAXANE for Injectable Suspension; paclitaxel albumin protein-bound particles for injectable suspension) is well-tolerated and active in the second-line treatment of high-grade, non-muscle-invasive bladder cancer that has been refractory to standard intra-bladder infusion (intravesical) therapy.

18:06

FRBK Republic First announces proposed public offering of common stock of up to $30 mln (2.83 -0.14)

18:03

HWKN Hawkins Chemical reports Q4 EPS of $0.54, includes $0.20 one-time inventory adjustment, vs $0.47 Thomson Reuters consensus; revs $57.9 mln vs $61.54 mln Thomson Reuters consensus (25.43 -1.47)

17:51

NUS Nu Skin announces increase of $150 mln in stock repurchase program; $46 mln remaining on prior authorization (28.03 -0.73) -Update-

17:51

NUS Nu Skin announces commencement of 4.46 mln share secondary stock offering (28.03 -0.73)

17:46

AME Ametek acquires Technical Services for Electronics; co has expects annual sales of $50 mln (40.21 -0.39)

17:37

ARG Airgas: Air Products extends tender offer to acquire Airgas for $60/per share in all cash (62.00 -0.47)

17:36

CGX Consol. Graphics subsidiary acquires certain assets of The Hickory Printing Group (44.30 -1.64)

17:36

ARCI Appliance Recycling Cntrs awarded contract by CPS energy to provide refrigerator and freezer recycling services in San Antonio, Texas (3.24 -0.01)

17:23

AMGN Amgen: FDA approves Prolia, an injectable treatment for postmenopausal women with osteoporosis who are at high risk for fractures (50.76 -1.02)

17:22

BAX Baxter: Robert Hombach has been named corporate vice president and chief financial officer (41.54 -0.69)

17:14

HNSN Hansen Medical names new CEO (2.14 -0.04)

The co announces that veteran medical device industry executive Bruce Barclay will join the company as president and chief executive officer, and a member of the Board of Directors on June 9, 2010, and that Frederic Moll, M.D. has been named executive chairman of the Board.

17:04

HCC HCC Insurance announced W. Tobin Whamond to become Chief Operating Officer, and Brad T. Irick will become Chief Financial Officer (24.41 ) -Update-

17:02

HCC HCC Insurance approves new $300 mln share repurchase program (24.41 -0.66)

17:01

CNBC Center Bancorp says now is not the appropriate time to launch offering (6.93 -0.44)

The co previously filed a shelf registration statement with the SEC, which was declared effective on May 5, 2010. Center announced today that while it had been considering selling common stock off the shelf, it has decided that in light of current market volatility, now is not the appropriate time to launch an offering. Center will continue to evaluate a potential stock offering in the future, depending upon market conditions and other factors. Such evaluation will take into account Center's market position, market opportunities and benefits associated with raising additional capital.

17:00

SRDX SurModics announces departure of CEO Bruce Barclay (16.63 )

16:59

HRP HRPT Properties announces favorable decision of Hawaii Litigation (6.66 0.05)

The co announces that Chief Judge Susan Oki Mollway of the U.S. District Court in Hawaii ruled that a law intended to lower rents HRP may charge for its industrial and commercial lands in Hawaii violates the U.S. Constitution and is unenforceable.

16:40

SKYW SkyWest's Atlantic Southeast Airlines recalls 42 pilots as it adds four CRJ700 aircraft to its fleet (13.68 -0.98)

16:37

LGF Lions Gate Entertainment reports FY10 EPS above consensus, revs in-line (6.83 +0.03)

Co reports FY10 EPS of ($0.17) vs. ($0.22) Thomson Reuters consensus; reports FY10 revs of $1.58 bln vs. $1.59 bln Thomson Reuters consensus.

16:37

SPB Spectrum Brands announces proposed offering of $500 mln of senior secured notes due 2018 (26.51 )

16:31

NNN National Retail Properties named Paul Bayer Chief Investment Officer (21.64 )

16:23

SRX SRA Intl subsidiary wins $5.3 mln re-compete contract from the General Services Administration (21.26 -0.31)

16:16

OPLK Oplink Comms announces a $40 mln stock repurchase program (13.40 -0.92)

16:12

PVG Penn Va GP Hldgs announces secondary public offering of 8,827,429 common units (17.09 -0.76)

The co announces a registered underwritten public offering by indirect wholly owned subsidiaries of Penn Virginia Corporation (PVA) of an aggregate of 8,827,429 common units, representing limited partner interests in PVG. PVG will not receive any of the proceeds from the offering.

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