Briefing.com: Hourly In Play (R) – 18:00 ET

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

Updated: 27-Aug-10 18:00 ET

16:30

INXI INX announces resignation of Chief Financial Officer (5.20 +0.13)

Co announced that Brian Fontana has resigned as the Co's Chief Financial Officer effective August 27, 2010. Fontana joined INX in January 2005 and he has played a key role in the tremendous growth the Co has experienced since that time. No immediate successor has been named and Fontana will remain engaged in a consulting role during a transitional period.

16:24

NEE NextEra Energy: FPL Group Capital announces sale of $400 mln of debentures (53.89 +0.84)

FPL Group Capital announced the sale on Aug. 26, 2010, of $400 mln in principal amount debentures. The debentures bear interest at 2.60 percent per year and will mature Sept. 1, 2015. The debentures will be guaranteed by FPL Group Capital's parent company, NextEra Energy (NEE).

16:03

LUV Southwest Air and Continental Airlines (CAL) enter into slot lease at Newark Liberty International Airport (11.13 +0.31)

Co and Continental Airlines announce that they entered into a lease providing Southwest Airlines access to 36 Newark Liberty International Airport (EWR) slots which are currently held by Continental. The lease deal, contingent upon the closing of the Continental and United airlines' merger by 11/30/2010, and certain governmental approvals, would give co the right to operate up to 18 daily roundtrip flights at Newark, New Jersey, with some flights beginning in 3/2011and a full schedule in place by 6/2011.

15:58

IPHS Innophos Holdings announces new senior secured bank credit facility; gives notice redeeming senior subordinated notes due 2014 (28.07 +0.96)

Co announced that it had entered into a five-year, $225 million senior secured credit facility with a group of bank lenders. Simultaneously, the company's Innophos, Inc. subsidiary also announced it had given the required notice under the governing indenture to redeem for cash on September 27, 2010 all remaining $190 million of its outstanding 8.875% Senior Subordinated Notes due 2014.

15:51

NGBF New Generation Biofuels announces lease restructuring and other cost cutting actions; Company made a cash payment of $290,000 and also issued 300,000 shares of restricted common stock (0.25 +0.01)

Co announced that it has entered into an agreement to amend the lease on its Baltimore production facility. Pursuant to the agreement the Company made a cash payment of $290,000 and also issued 300,000 shares of restricted common stock, to the landlord. In consideration of the payment, the landlord agreed to forfeit past due amounts under the lease agreement, terminate and forfeit minimum payments due for terminaling services under a separate agreement, and reduce the monthly lease rate to $25,000 for the remaining lease term of three years. Included in the $290,000 payment is $100,000 representing the August reduced lease payment and prepayment of the monthly $25,000 rent for the months of September through November 2010. As a result of the lease amendment the Company recorded a gain of approximately $800,000 and reduced our future obligations by approximately $2.9 million. Additional key cash conservation points: Quarterly Cash burn reduced to less than $700,000 excluding cost of sales. co stated "We expect our cash burn to increase after we have reached an appropriate level of revenue, but at a lower increase rate than revenues."

15:50

Earnings Preview for the week of Aug 30th - Sept 3rd

Companies reporting earnings the week of Aug 30th - Sept 3rd include: Monday: DCI, SEED, PSEC, and WINN. Tuesday: CHOP, DG, DSW, ENER, ISLE, KSP, ABM, ARAY, APSG, CCUR, and DAC. Wednesday: BF.B, CHRS, EXPR, GII, GCO, HNZ, JOYG, LTXC, ZLC, CWST, CGA, PSS, FCEL, HOV, MATK, OXM, and SAI. Thursday: DLM, LAYN, MOV, SCMR, UTIW, ARST, COO, ESL, FNSR, HRB, MITL, ZQK, SEAC, TTWO, and ULTA. Friday: CPB

15:40

TAN Global, sector, & commodity ETF money flows- Solar Power leads all groups in late trade; VIX volatility lags all session as the indexes hold the 1st hour reversal bid -Technical-

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

solar power- TAN +4.0%, oil drillers & energy components OIH +3.50%, XES +3.75%, IEO +2.75%, SPDRS metals & mining- XME +3.50%, sugar- SGG +3.50%, iShares Brazil- EWZ +3.50%, iShares Australia- EWA +3.50%, coffee- JO +3.50%, Thailand- THD +3.50%, iShares Sweden- EWD +3.25%, insurers- KIE +3.25%, basic materials- IYM +3.0%, XLB +2.75%, coal- KOL +2.75%, clean energy- PBW +2.75%, steel- SLX +3.0%

Actively Traded Lagging Global, Regional, & Domestic Sector ETFs:

VIX vol index- VXX -5.50%, VXZ -3.25%, natural gas- UNG -3.50%, US Treasuries & fixed income- TLT -3.75%, TLH -1.50%, IEI -0.50%, IEF -1.25%, TIP -0.75%, cocoa- NIB -1.50%, Yen currency shares- FXY -0.50%, cotton- BAL -0.50%

15:34

TSO Tesoro announced that it has agreed to acquire ~300 Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota, Utah and most of Idaho (11.56 +0.65)

Co announced that it has agreed to acquire the existing Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota, Utah and most of Idaho. The acquired contracts represent approximately 300 Shell-branded stations. Under the terms of the agreement, Tesoro may also grow the Shell brand through retail stations in these areas which are anchored by the company's refineries in Mandan, ND and Salt Lake City, UT. The transaction will become effective January 1, 2011. Post closing, the number of Shell-branded stations within the Tesoro retail system is expected to be approximately 650.

15:32

SPY Stock indices push to new highs in late trade -- Dow +163, S&P +17, Nasdaq +35 -Update- -Technical-

Relative strength has been noted in Energy XLE / OIH, Housing XHB, Finance KRE / XLF, Ag/Chem MOO, Coal KOL.

15:30

Events and conferences of interest for next week

Events and conferences of interest for next week, August 30 - September 3, are listed below. For a complete list of next week's events, please see the events calendar.

Monday:

Fed's Bullard

$30 bln 3 and 6-month Treasury Bills Auctions

Tuesday:

August FOMC Minutes

MMM, EMR, ITW at Morgan Stanley Global Industrials Conference

OSK at Three Part Advisors, LLC Midwest IDEAS Investor Conference

Wednesday:

Fed's Duke, Fisher, Evans

CQP, KMP at at UBS MLP One-on-One Conference

Thursday:

Fed's Rosengren, Pianalto

PXD, SWN at Simmons & Company Energy Conference

Friday:

Fed's Lockhart

10-yr TIPS Auction

15:25

PKY Parkway Prop announces leasing and occupancy update: signed ~84K sq ft of new and expansion leases and ~87K of renewal leases since Q2 earnings release (14.77 +0.29)

Co announces today that it has signed ~84,000 square feet of new and expansion leases and ~87,000 square feet of renewal leases since co's second quarter earnings release. This activity brings co's portfolio to 86.0% occupied and 87.2% leased as of today. Co's COO, William Flatt, stated, "The average cost of this recent leasing activity was approximately $2.70 per square foot per year with an average term of 6.3 years. These metrics are in line with our budget, and the Company is on track to meet its occupancy guidance range for the year."

15:11

WPCS WPCS Intl addresses buyout offer: Riley Group has expressed an interest in acquiring 100% of WPCS in a cash/stock transaction for $3.50 per share (3.24 +0.73)

Co confirmed a Schedule 13D/A filing made jointly by Riley Investment Partners, Riley Investment Management, B. Riley, Bryant R. Riley, Lloyd I. Miller, III and Telecom Global (collectively, the "Riley Group"), dated August 27, 2010. Andrew Hidalgo, Chairman and CEO of WPCS International Incorporated, commented, "Within the 13D filing, the Riley Group has expressed an interest in acquiring 100% of WPCS in a cash/stock transaction for $3.50 per share whereby WPCS shareholders would retain equity in the combined entities of WPCS and Telecom Global, or as an option, the Riley Group would offer to acquire 100% of WPCS in an all cash transaction. WPCS and its independent directors will treat this offer seriously and be in communication with the Riley Group in regards to the potential transaction and its value to WPCS shareholders."

14:59

JOYG NASDAQ 100 (NDX) strength & weakness- Heavy Construction (JOYG) now leads all percentage gainers approaching the final hour of trading; select Retailers (SHLD, URBN) post weakness -Technical-

NDX 10 Best % Performers:

JOYG, STX, NTAP, MRVL, BRCM, LINTA, VOD, ADSK, JBHT, BIDU

NDX 10 Worst % Performers:

SNDK, RIMM, SHLD, URBN, ESRX, LOGI, INFY, ATVI, PDCO, COST

NASDAQ A/D +3.5:1

NASDAQ TRIN +0.35

14:56

DD Dow 30 (INDU) strength & weakness- Chemicals (DD) maintain percentage gainer leadership approaching the final hour of trading -Technical-

INDU 5 Best % Performers:

DD, AA, CAT, BA, AXP

INDU 5 Worst % Performers:

HPQ, WMT

NYSE A/D @ +4.5:1

NYSE TRIN +0.50

14:39

COMDX CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices

December corn closed 5 cents higher at $4.37 per bushel, November soybeans closed 13.5 cents higher at $10.28 per bushel, Dec wheat closed 5.5 cents higher at 6.94 per bushel, December ethanol closed $0.017 higher at $1.751 October world sugar futures closed 0.069 cents higher to 19.96 cents.

14:03

SPY Another round of fractional new session highs for stock indices -- Dow +136, S&P +14.3, Nasdaq +28 -Update- -Technical-

13:49

OIS Oil States announces $100 mln share repurchase program (41.22 +1.32)

Co announced that its Board of Directors has authorized $100 mln for the repurchase of the Company's Common Stock, par value $.01 per share. This authorization replaces the prior share repurchase authorization which expired on December 31, 2009. The Company presently has ~50.2 mln shares of Common Stock outstanding.

13:40

SPY Mild midday downticks give way to further buy side interest with the indices recently edging to new session highs -- Dow +126, S&P +13, Nasdaq +24 -Update- -Technical-

Despite the upticks, the S&P continues to hold near resistance noted earlier and in The Technical Take at 1061/1063 (session high 1061). This marks yesterday's peak, 38% retracement of slide off 1100 and last week's low.

13:40

COMDX COMEX Metals Closing Prices

Dec gold finished higher by $4.80 to $1242.50, Sept silver gained 7.3 cents to settle at $19.055, and Sept copper ended up 5.85 cents to $3.363.

13:02

SPY S&P slips back in midday trade after pause near yesterday's recovery high at 1061 -- session high 1060 -Update- -Technical-

Dow +94 has edged back roughly 40 points off its session high (Nasdaq +15).

12:40

SGG Global, sector, & commodity ETF money flows- Sugar (SGG) leads all percentage gainers @ midday; VIX volatility (VXX, VXZ) lags as the indexes hold near session highs -Technical-

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

sugar- SGG +4.0%, Thailand- THD +3.0%, iShares Sweden- EWD +3.0%, solar power- TAN +2.75%, iShares Australia- EWA +2.75%, coffee- JO +2.75%, SPDRS metals & mining- XME +3.0%, Vietnam- VNM +2.75%, iShares Spain- EWP +2.50%, oil drillers & energy components- OIH +2.50%, XES +2.50%, iShares Brazil- EWZ +2.50%, basic materials- IYM +2.50%, XLB +2.25%, copper- JJC +2.50%, Turkey- TUR +2.50%, insurers- KIE +2.50%

Actively Traded Lagging Global, Regional, & Domestic Sector ETFs:

VIX vol index- VXX -4.0%, VXZ -1.75%, natural gas- UNG -3.0%, US Treasuries & fixed income- TLT -2.50%, TLH -1.50%, IEF -1.25%, IEI -0.50%, TIP -0.50%, BND -0.50%, cocoa- NIB -1.75%, Yen currency shares- FXY -1.0%, livestock commodities- COW -0.50%

12:37

XHB SPDR Homebuilders continues recent outperformance (14.48 +0.34) -Technical-

The sector has underperformed the overall market since April and did flirt with its 52-wk low from last Nov this week on Tuesday. However, it has displayed relative strength over last several sessions as it has not retest early week lows. Technically it is at an important short term juncture as it tests resistance at its 20 ema, April/July trendline, 38% retrace of the July-Aug decline and the early Aug low in the 14.49 to 14.61 zone (Click for chart) -- LEN, MDC, MTH, PHM, SPF, TOL, HD, LOW, MHK, SHW.

12:31

VOD NASDAQ 100 (NDX) strength & weakness- Telecom (VOD) leads all percentage gainers @ midday -Technical-

NDX 10 Best % Performers:

VOD, VRTX, NVDA, STX, JOYG, MRVL, NTAP, BRCM, FLIR, CELG

NDX 10 Worst % Performers:

SNDK, INFY, RIMM, URBN, SHLD, COST, LOGI, ESRX, MSFT

NASDAQ A/D @ +1.5:1

NASDAQ TRIN +0.40

12:29

DD Dow 30 (INDU) strength & weakness- Chemicals (DD) still lead the percentage gainers here @ midday; Technology (HPQ, MSFT) still showing some relative weakness -Technical-

INDU 5 Best % Performers:

DD, AA, CAT, BA, DIS

INDU 5 Worst % Performers:

HPQ, MSFT

NYSE A/D @ +4.5:1

NYSE TRIN +0.55

12:04

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: +0.9% Germany's DAX: +0.7% France's CAC: +0.9% Spain's IBEX: +1.4% Portugal's PSI: +0.6%

11:20

SLV Silver Trust ETF sets new session high of 18.93, its three month high from June is at 18.94 (18.92 +0.33) -Technical-

The next level of note above the 19.00 psych level is at 19.12 which is its 52-wk close high from May -- SLW, SSI, SSRI, PAAS.

11:08

SPY Run to fresh recovery highs in recent trade -- Dow +95, S&P +9.9, Nasdaq +14 -Update- -Technical-

Dow has surged 150 points off the INTC related low.

11:07

SPY Potential short term Elliott Wave outlook for the S&P +7.1 -Update- -Technical-

(Click for hourly chart).

10:35

JO Global & sector ETF money flows- Coffee (JO) leads all percentage gainers through the 1st hour; Natural gas (UNG) remains pressured to new 52-week lows -Technical-

Actively Traded Leading Global, Regional, & Domestic Sector ETFs:

coffee- JO +3.25%, Thailand- THD +2.50%, sugar- SGG +2.0%, iShares Brazil- EWZ +2.0%, Vietnam- VNM +1.75%, SPDRS metals & mining- XME +2.0%, Russia- RSX +1.75%, steel- SLX +1.50%, solar power- TAN +1.50%, Latin America- ILF +1.50%, iShares Australia- EWA +1.75%, iShares Sweden- EWD +1.50%, basic materials- IYM +1.50%, XLB +1.50%, Turkey- TUR +1.50%

Actively Traded Lagging Global, Regional, & Domestic Sector ETFs:

natural gas- UNG -2.75%, cocoa- NIB -2.0%, VIX vol index- VXX -1.75%, VXZ -0.50%, US Treasuries & fixed income- TLT -1.50%, TLH -1.0%, IEF -0.75%, TIP -0.50%, iShares Israel- EIS -1.0%, livestock commods.- COW -0.75%, Indonesia- IDX -0.75%, Yen currency shares- FXY -0.75%

10:34

COMDX Silver futures trade to highest levels of the morning at $19.195, fresh ~1 month highs; currently up 19.8 cents to $19.18

Gold futures have ticked back into positive territory and are currently higher by $3.50 to $1241.20.

10:29

NVDA NASDAQ 100 (NDX) strength & weakness- Semis (NVDA, MRVL) lead all percentage gainers through the 1st hour -Technical-

NDX 10 Best % Performers:

NVDA, VOD, MRVL, MYL, NTAP, FLIR, BRCM, DELL, JBHT, CELG

NDX 10 Worst % Performers:

SNDK, RIMM, ESRX, INFY, CERN, SHLD, URBN, AMZN, APOL, BBBY

NASDAQ A/D @ +2:1

NASDAQ TRIN +1.10

10:28

TECHX Relative Sector Strength on rebound -Update- -Technical-

Sectors that have outperformed the S&P on the quick reversal off the lows include: Semi SMH (held near its 9 month low from Feb at 24.42 -- session low 24.38), Disk Drive, Computer-Hardware, Retail XRT, Coal KOL, Silver SLV, Steel SLX, Solar TAN, Housing XHB.

10:26

DD Dow 30 (INDU) strength & weakness- Chemicals (DD) lead all percentage gainers through the 1st hour; Technology (HPQ, CSCO) weak vs. the index -Technical-

INDU 5 Best % Performers:

DD, AA, UTX, CAT, AXP

INDU 5 Worst % Performers:

HPQ, CSCO, PG, JNJ, MSFT

NYSE A/D @ +2:1

NYSE TRIN +0.65

10:17

SPY S&P +1.5 and Nasdaq Comp +1.7 join Dow +27 back in positive territory -Update- -Technical-

10:15

MO Altria increases quarterly dividend by 8.6% to $0.38 from $0.35 (22.52 -0.09)

Co announced that its Board of Directors voted to increase the company's regular quarterly dividend by 8.6% to $0.38 per common share versus the previous rate of $0.35 per common share.

10:14

MSON Thinly traded Misonix announces new distribution Agreement for Russia; agreement provides "EuroTech" with the rights to sell throughout the Russian Federation and includes annual minimum purchase requirements (1.96 +0.16)

Co announces that it has entered into a new, 3 yr, exclusive distribution agreement with Martin-Medtechnika LLC, doing business as "EuroTech." Based in Moscow, Russia, "EuroTech" will distribute the SonaStar Ultrasonic Surgical Aspirator, the BoneScalpel Ultrasonic Bone Cutter and the SonicOne Ultrasonic Wound Debrider. The agreement provides "EuroTech" with the rights to sell throughout the Russian Federation and includes annual minimum purchase requirements. Open market sales will commence after product registration with the Ministry of Health.

10:13

DIA Volatile trade continues with Dow reaching positive territory +9.9 -Technical-

AA +1.1%, DD +1%, TRV +1%, UTX +0.9%, AXP +0.7%

10:10

SPY S&P -4.2 joins Dow -16 and Nasdaq -12 at a fractional new low for the week -Update- -Technical-

Noted in The Technical Take and the 09:41 update that the S&P needed to clear initial barriers at 1052 and 1055 in order to improve the weaker pattern off yesterday's high. The S&P reached 1054 in opening trade and has rotated lower following the INTC guidance recently setting a fractional new low for the week at 1039.70.

10:07

COMDX Crude oil sells off to lows of the session at $72.26 as equity markets drop; now down $1.07 to $72.29

Note that gold and silver futures are dropping as the dollar index spikes. Gold now lower by $2.70 to $1235.00 and silver is off 0.7 cents to $18.975.

10:06

SPY Stock indices continue to weaken with Nasdaq -15 and Dow -36 setting new lows for the week -- S&P -6.2 -Update- -Technical-

10:04

INTC Intel lowers Q3 rev guidance below consensus; lowers Q3 gross margin guidance (stock is halted) (18.17 )

Co lowers rev guidance below consensus for Q3 (Sep), sees Q3 (Sep) revs of $10.8-11.2 bln vs. $11.52 bln Thomson Reuters consensus, down from $11.2-12.0 bln previously. Revenue is being affected by weaker than expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the co's revised expectations. The co's expectation for Q3 gross margin is now 65-67%, lower than the previous expectation of 66-68%, vs the 66.8% consensus. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand.

10:01

SMH Semiconductor Hldrs ETF Intel news takes sector ETF to new six month low (24.60 -0.35) -Technical-

Its 9 month close and intraday lows from Feb are at 24.51/24.42.

09:59

INTC Intel shares are halted (18.17 -0.01) -Update-

09:51

HPQ Hewlett-Packard slips to new session low of 38.06 holding slightly above its 52-wk low set Wed at 38.03 (38.09 -0.13) -Update- -Technical-

09:49

XRT SPDR Retail ETF displays some relative weakness, slides under yesterday's low (36.456 -0.07) -Technical-

JCG -5%, TIF -4.4%, SHLD -0.9%, JCP -0.2%, LTD -0.2%, PLCE -0.4%, GPS -1%, PETM -0.7%.

09:41

SPY Modestly firmer bias but stock indices stall at yesterday's midday ranges -- Dow +50, S&P +4.7, Nasdaq +9.9 -Update- -Technical-

Noted in The Technical Take that the S&P needed to clear initial resistances at 1052 and 1055 in order to improve the pattern off yesterday's high. The index hit 1054 off the open and has pause.

09:35

GS Goldman Sachs displays relative weakness again, holds near retracement (141.08 -0.73) -Technical-

The stock has pulled back to the 62% retracement of the July-Aug rally near 140.10 in early trade (session low 140.42) before attempting to stabilize.

09:25

PAR 3Par receives revised proposal from HP at $30/share in cash (26.03 ) -Update-

HP (HPQ) announced that it has increased its proposal to acquire all of the outstanding shares of PAR to $30 per share in cash, or an enterprise value of $2.0 billion. The proposal represents an 11 percent premium above the most recent price offered by Dell (DELL) of $27 per share. HP's proposal is not subject to any financing contingency and has been approved by HP's board of directors. Once approved by 3PAR's board, HP expects the transaction to close by the end of the calendar year.

09:20

IDRA Idera Pharma achieves clinical milestone under its collaboration with Merck KGaA for cancer treatment; entitled to receive a payment of EUR3.0 mln (~$3.8 mln) (3.43 )

Co announced that it has achieved a milestone under its worldwide licensing and collaboration agreement with Merck (MRK). The milestone was achieved upon Merck KGaA's initiation of a Phase 1b clinical trial of IMO-2055, an agonist of Toll-like Receptor 9, in combination with cisplatin, fluorouracil and cetuximab in first-line treatment of patients with squamous cell carcinoma of the head and neck. Under the terms of the agreement, Idera is entitled to receive a payment of EUR3.0 MLN (~$3.8 mln) from Merck KGaA.

09:06

OPNT OPNET Acquires DSAuditor product line from Embarcadero Technologies; expected to have a near neutral impact on GAAP EPS for the current fiscal year and accretive to GAAP EPS the following year (14.95 )

Co announced that it has acquired substantially all the assets associated with the DSAuditor product line from Embarcadero Technologies, Inc., a privately held software company headquartered in San Francisco, CA. The transaction is expected to have a near neutral impact on GAAP earnings per share for the current fiscal year ending March 31, 2011, and become accretive to OPNET's GAAP earnings per share next fiscal year. OPNET plans to bring DSAuditor capabilities to market as an integrated part of its APM suite in calendar year 2010.

09:04

SPY Equity futures still holding just below pre-mkt highs after spiking on GDP data... SPX futures now +7 vs. fair value, DJ futures +59 (105.23 ) -Technical-

Treasuries are pulling back a bit, pushing yield on the 10-year +0.040 to 2.539%.

09:01

SHIP Seanergy maritime enters into letters of intent to acquire its BET and MCS subsidiaries for $33 mln and $29 mln, respectively; $52 mln to be paid by co's shares at $1.05/share (0.92 )

Co announces that it has entered into letters of intent for the acquisition of the remaining ownership percentages in each of Bulk Energy Transport (BET) and Maritime Capital Shipping (MCS). Co acquired a 50% interest in BET in August 2009 and a 51% interest in MCS in May 2010. Pursuant to the letter of intent with Mineral Transport Holdings Inc. (the "BET Seller"), co has agreed to acquire the remaining 50% interest in BET owned by the BET Seller for a purchase price of $33 mln, which will be paid by co to the BET Seller in the form of cash in the amount of $7 mln and shares of the Company's common stock totaling to $26 mln at an agreed price of $1.05 per share. Pursuant to the letter of intent with Maritime Capital Shipping (the "MCS Seller"), co has agreed to acquire the remaining 49% interest in MCS owned by the MCS Seller for a purchase price of $29 mln, which will be paid by co to the MCS Seller in the form of cash in the amount of $3 mln and shares of the Company's common stock totaling to $26 mln at an agreed price of $1.05 per share. Following the acquisitions, co will own a fleet of 20 dry bulk vessels with a combined cargo-carrying capacity of approximately 1,292,544 dwt and an average fleet age of 12.8 years, comprising of four Capesize, three Panamax, two Supramax, one Handymax and ten Handysize dry bulk carriers.

09:01

CHDX Chindex: Fosun Pharma acquires $14 mln of Chindex stock (13.09 )

Co and Shanghai Fosun Pharmaceutical announced that they have consummated a previously-announced stock sale. The closing is part of the strategic alliance between Fosun Pharma and Chindex to form Chindex Medical Limited, a joint venture focused on manufacturing and distributing medical devices in China. The Joint Venture would be owned 51% by Fosun Pharma and 49% by Chindex. Today's closing of 933,022 shares of Chindex common stock at $15 per share is one of two separate planned purchases by Fosun Pharma from Chindex of a total of up to 1,990,447 shares, all at $15 per share.

09:00

OPTC Optelecom has named Cathy Mizell its Vice President and Chief Financial Officer (1.40. )

09:00

RAIL Freightcar America appoints Joseph McNeely as CFO, effective 9/13/2010 to replace Chris Nagel who will leave co to pursue new opportunities (22.08 )

08:12

NVS Novartis AG discloses FDA approval of Tekamlo and Swissmedic approval of Tasigna; co also discloses the completion of purchase of Alcon stocks from Nestle (50.77 )

Co discloses in 6-K that the FDA approved Tekamlo (aliskiren and amlodipine) tablets, a single-pill for the treatment of high blood pressure combining the only approved direct renin inhibitor, Tekturna (aliskiren) with the widely used calcium channel blocker, amlodipine(1). Co also discloses the Swiss health authority Swissmedic has granted approval for Tasigna (nilotinib) 300 mg twice daily for the treatment of adult patients with newly diagnosed Philadelphia chromosome-positive chronic myeloid leukemia (Ph+ CML) in chronic phase. Tasigna is the first new therapeutic option for newly diagnosed patients since the introduction of Glivec (imatinib), providing a major advance for patients with this blood cancer. In a seperate 6-K, co discloses that it has completed its purchase of Alcon stock from Nestle resulting in 77% ownership of Alcon. This has been achieved by completing the acquisition of the remaining 52% of Alcon shares owned by Nestl? for a total of $28.3 bln.

08:01

PAY Verifone announces federal derivative class action lawsuit dismissed with prejudice (24.15 )

Co announces that the United States District Court for the Northern District of California dismissed, with prejudice, the Amended Complaint in In Re VeriFone Holdings Shareholder Derivative Litigation.

08:01

PRLS Peerless Systems intends to commence a public tender offer to repurchase from its stockholders of approx 13.85 mln shares of its common stock at a price of $3.25/share in cash (2.84 )

Co announced today that it intends to commence a public tender offer to repurchase from its stockholders up to $45 million (or approximately 13.85 million shares) of its common stock at a price of $3.25 per share in cash. Mr. Brog has informed the Company that he does not intend to tender any of his shares. Bandera Partners and Caburn Management, which beneficially own approximately 22.5% and 2.0% of the Company's outstanding shares, respectively, have agreed to tender all of their shares in the offer. If the offer is oversubscribed by stockholders, the Company will purchase shares on a pro rata basis in accordance with the number of shares tendered.

08:00

CRL Charles River implements $300 million accelerated stock repurchase program; amends credit agreement (28.90 )

Co has implemented an accelerated stock repurchase program to repurchase $300 mln of common stock, as part of its previously announced authorization from its Board of Directors to repurchase up to $500 mln of common stock. Co also amended and restated its existing credit agreement to provide for up to $750 mln in financing with certain financial institutions. This is the third amendment and restatement to the co's previous $660 mln credit agreement. The co's existing $50 mln credit agreement has been retired. The third amended and restated credit agreement consists of a $400 mln U.S. term loan facility and a $350 mln U.S. revolving credit facility.

07:32

BKRS Bakers Footwear (thinly traded) announces $5 mln debt and equity investment from Steve Madden (SHOO) (0.83 )

Co obtained a $5 mln debt and equity investment from Steven Madden (SHOO). Bakers received net proceeds of ~$4.6 mln, net of transaction expenses, and will use the proceeds for working capital purposes. The $5 mln note bears interest at 11% with principal payments due during 2017 through 2020 and is subordinate to Bakers' other outstanding debt. SHOO will also be issued 1,844,860 shares of common stock as additional consideration for the loan, providing it with a 19.99% equity interest in Bakers. "This investment has no financial covenants or sourcing, management, or governance conditions of any kind and represents a strong vote of confidence in our business."

07:03

TIF Tiffany & Co beats by $0.02, misses on revs; raises FY11 EPS to in-line, reaffirms FY11 revs guidance (42.04 )

Reports Q2 (Jul) earnings of $0.55 per share, excluding non-recurring items, $0.02 better than the Thomson Reuters consensus of $0.53; revenues rose 9.2% year/year to $668.8 mln vs the $690.2 mln consensus (+8% FX adj. with comps +5%); with solid growth in most regions. A higher operating margin also contributed to a 19% increase in net earnings. Co raises guidance for FY11, sees EPS of $2.60-2.65, excluding non-recurring items, vs. $2.61 Thomson Reuters consensus, up from $2.55-2.60; reaffrims FY11 revs +11% to ~$3.008 bln vs. $3.03 bln Thomson Reuters consensus.

07:02

HS Healthspring to acquire Bravo Health for $545 mln; transaction should add $0.45 to $0.55 to HealthSpring's 2011 earnings per share (18.39 )

Co announced that it has entered into a definitive agreement to acquire all of the outstanding capital stock of Bravo Health, an operator of Medicare Advantage coordinated care plans in Pennsylvania, the Mid-Atlantic region, and Texas, and Medicare Part D stand-alone prescription drug plans in 43 states. HealthSpring will acquire Bravo Health, a privately held company, for $545.0 mln. The transaction will be financed through the use of unrestricted cash and borrowings under an amended revolving credit facility and new term loan facilities that will be established simultaneously with the closing of the transaction. Assuming the transaction closes as anticipated on or before year end, the transaction should add $0.45 to $0.55 to HealthSpring's 2011 earnings per share, after taking into account expected cost savings. Co expects that expenses associated with the transaction, including financing commitment, financial advisory, and other fees, will impact 2010 earnings by approximately $0.20.

07:01

PAR 3Par accepts Dell's (DELL) increased price of $27/share in cash; total value of $1.8 bln (26.03 )

Co announces that it accepted Dell's increased offer to acquire the storage leader for $27 per share in cash, or ~ $1.8 bln, net of 3PAR's cash. The new Dell-3PAR accord was reached under the provision in the existing agreement between the companies that allows Dell to match competing bids. Co and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, and maintaining the termination fee unchanged at $72 million, which is payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines to be superior to Dell's increased offer. Dell continues to believe that the acquisition of 3PAR, with its industry-leading storage technology, is important to its customers and will enhance Dell's position in utility-storage solutions. Consistent with its previous rationale for the acquisition, Dell also believes that its global brand and broad global reach will dramatically accelerate 3PAR's revenue growth. The cash tender offer, through a wholly-owned Dell subsidiary, is for all outstanding shares of 3PAR common stock, without interest, and subject to reduction for any federal back-up withholding or other taxes. The offer documents will be amended to reflect the new offer price, but this will not alter the timing of the acquisition. Unless extended, the tender offer and any withdrawal rights to which 3PAR stockholders may be entitled will expire at midnight, EDT, on 9/20/2010. Based on current estimates, the transaction is expected to be accretive to Dell 's non-GAAP earnings in its Fiscal Year 2012.

06:36

S&P futures vs fair value: +2.00. Nasdaq futures vs fair value: +6.50.

06:36

Asian Markets

Nikkei...8991.06...+84.60...+1.00%. Hang Seng...20597.35...-14.70...-0.10%.

06:36

European Markets

FTSE...5149.40...-6.40...-0.10%. DAX...5904.99...-7.60...-0.10%.

06:13

IMGN Immunogen: Genentech receives Refuse to File Letter from FDA for T-DM1 (8.39 )

Co announces that Genentech, a member of the Roche Group, announced its receipt of a Refuse to File letter from the FDA for the accelerated approval of the Biologic License Application (BLA) for trastuzumab-DM1, or T-DM1, submitted in July 2010. Genentech also stated that as planned, it will continue with its ongoing Phase III registrational T-DM1 trial, known as EMILIA, and that it will continue to work with the FDA and expects to submit a new T-DM1 BLA in mid-2012. The BLA submitted for T-DM1 in July 2010 requested accelerated approval for T-DM1 based on the results of a single-arm Phase II study, which showed T-DM1 shrank tumors in one-third of women with advanced HER2-positive breast cancer, who had received on average seven prior medicines, including two HER2-targeted medicines. The Company indicated that the financial guidance provided for its FY11 on August 4, 2010, is no longer valid due to the impact of Genentech's receipt of the RTF letter and that updated guidance is being developed and will be provided at a future date.

06:07

BLTI Biolase Technology names Federico Pignatelli Executive Chairman (0.75 )

Co announces the appointment of Federico Pignatelli as Executive Chairman effective August 24, 2010. Mr. Pignatelli takes over from David Mulder, who resigned as Chairman, CEO, and President to pursue other opportunities.

06:07

LLEN L&L Energy announces former U.S. Secretary of Commerce Norman Mineta as Vice-Chairman of Board of Directors (8.30 )

01:36

ARG Airgas responds to Air Products (66.28 )

Co issues statement in reponse to APD's letter to Delaware Chancery Court. "The letter Airgas sent to the Delaware Chancery Court simply reiterates Airgas' position in its proxy statement with regard to Air Products' By-Law Amendment proposal and was sent as a courtesy for the Court's scheduling purposes...With respect to Air Products' assertions regarding our communications with stockholders, we have said consistently, and most recently in our letter to stockholders earlier this week, that Airgas would engage in negotiations if it believed it would result in an appropriate price for Airgas stockholders. $63.50 per share is grossly inadequate and is not close to a sensible starting point for negotiations."

01:28

BA Boeing sets 787 first delivery date for Mid-First Quarter 2011 (61.32 )

Co announces that it now expects delivery of the first 787 in the middle of the 1Q11. The schedule revision will not affect the company's financial guidance.

01:24

APD Air Products issues statement regarding Airgas' Request that Delaware court reject valid by-law amendment regardless of shareholder vote (73.56 )

Co issues statement in response to a letter submitted today by ARG to the Delaware Chancery Court. In the letter, Airgas stated that it intends to seek to invalidate any affirmative decision by a majority of Airgas shareholders to approve adoption of a new by-law at the September 15 Airgas Annual Meeting requiring Airgas to hold its next annual meeting in January 2011, and requests that the Court resolve the issue on an expedited basis should a majority of shareholders vote in favor of the by-law.

01:18

CMI Cummins earns OSHPD preapproval for seismic certification in California (72.57 )

Co announces that full line of emergency standby power systems from co power generation earns OSHPD preapproval for seismic certification in CA. Co becomes First manufacturer to have complete emergency power system preapproved by state agency.

01:14

CPF Central Pacific Financial names Larry Rodriguez as CFO (1.47 )

Co announces appointment of Larry Rodriguez as CFO. Rodriguez has over 40 years of experience in the financial services industry, served as Managing Partner of Ernst & Young Hawaii office, and has been a consultant to CPB since January of this year. The CFO position at the company has been vacant since June 1, 2010.

01:12

WY Weyerhaeuser announces the estimated number of shares for the stock portion of the special dividend (15.48 )

Co announces that it will distribute ~324 mln shares to pay the stock portion of the special dividend. This distribution is based on the average closing price for Weyerhaeuser common stock on Aug. 24, 25, and 26 of $15.54.

18:31

ABAT Advanced Battery Tech announces battery supply contract for ~$5.7 mln (9% of co's 2009 revs) (3.56 -0.04)

Co announced that on August 24, 2010 it signed a polymer lithium-ion phosphate battery supply contract with Hengmin Opto-electrical Tech, which is based in DongGuan City, Guangdong Province. Hengmin is primarily engaged in lithium-battery pack assembly and power management systems production and sales. The contract amount is valued at ~$5.7 mln and shipment will begin within 30 days.

18:22

Futures are trading lower after hours: S&P 500 futures -2.18 points from fair value of 1045.68 and Nasdaq 100 futures -1.9 points from fair value of 1766.65

18:20

GLD December gold is just above the unchanged line in electronic trading; +$0.10 at $1237.80 per ounce (120.96 -0.40)

18:19

USO October crude oil is lower in electronic trading; currently -$0.30 at $73.06 per barrel (32.62 +0.25)

17:55

BXC Bluelinx: Cerberus Extends Cash Tender Offer for the Outstanding Shares in BlueLinx Holdings Inc. Not Owned by Its Affiliate (3.17 -0.03)

Cerberus ABP Investor LLC ("CAI"), an affiliate of Cerberus Capital Management, L.P. ("Cerberus"), and owner of a 55.37% majority stake in BXC, announced that CAI and Cerberus have extended the expiration date of their cash tender offer (the "Offer") of $3.40 per share for all of the outstanding publicly held shares of BXC not owned by CAI until midnight, New York City time, on Friday, September 10, 2010.

17:43

SONO SonoSite pops 2.4% to $30.32 on light volume following news of FDA clearance for its LumenVu Catheter Guidance System (see 17:39 post) (29.60 -0.73) -Update-

17:39

SONO SonoSite receives FDA clearance for LumenVu Catheter Guidance System (29.60 -0.73)

Co announced that it received FDA clearance for its innovative LumenVu Catheter Guidance System. Designed to aid in the placement of peripherally inserted central catheters, the proprietary LumenVu System combines near-infrared technology with a revolutionary fiber optic stylet, which replaces a traditional guide wire, to allow visualization and real-time tracking of a catheter tip as it advances through a vein.

17:35

ABX Barrick announces redemption of 2.75% convertible senior debentures; co reported the aggregate principal amount of Debentures currently outstanding is $229,170,000 (46.13 +1.00)

17:30

NX Quanex beats by $0.04 (15.61 -0.24)

Reports Q3 (Jun) earnings of $0.29 per share, ex $0.02 in charges, $0.04 better than the First Call consensus of $0.25; revenues rose 37.3% year/year to $225.2 mln vs the $213.2 mln consensus. Expressing the slowdown in terms of sales, the co is now estimating Q4 sales at Engineered Products to be flat compared to the sequential Q3, and in turn, co tightened its guidance to a range of $32-35 mln (from $32-37 mln) for 2010 operating income.

17:07

ANV Allied Nevada drills 177 meters grading 2.58 g/t gold equivalent in the Vortex Zone at Hycroft (22.35 +0.40)

Co provides an update to recent Vortex Zone definition drilling, including highlights from three newly drilled holes at its wholly owned Hycroft mine located near Winnemucca, Nevada. Highlights from the three holes include 177 meters grading 2.58 g/t AuEq (1.22 g/t Au and 78 g/t Ag), 134 meters grading 1.4 g/t AuEq (0.89 g/t Au and 29 g/t Ag) and 173 meters grading 2.18 g/t AuEq (0.84 g/t Au and 77 g/t Ag).

16:38

AMRC Ameresco agrees to acquire Quantum Engineering and Development (10.95 -0.60)

Co announced that it has agreed to purchase Quantum Engineering and Development, Inc, an energy service company active in Oregon and Washington. Quantum is currently serving the Portland, Oregon public schools, the state of Washington, and a number of schools, cities and towns in Washington State. With the acquisition, Ameresco will add Quantum's employees to its current workforce of more than 650

16:37

SLH Solera beats by $0.07, beats on revs; guides FY11 EPS in-line, revs in-line (39.35 -0.44)

Reports Q4 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.07 better than the Thomson Reuters consensus of $0.46; revenues rose 7.4% year/year to $154.7 mln vs the $152.3 mln consensus. Co issues in-line guidance for FY11, sees EPS of $2.15-2.22, excluding non-recurring items, vs. $2.22 Thomson Reuters consensus; sees FY11 revs of $640-648 mln vs. $644.62 mln Thomson Reuters consensus.

16:30

WTM White Mountains Insurance announces that its Board of Directors authorized it to repurchase up to an additional 600K common shares (299.23 -2.31)

16:30

OVTI OmniVision beats by $0.04, misses on revs; guides Q2 EPS above consensus, revs above consensus (22.13 -0.08)

Reports Q1 (Jul) earnings of $0.39 per share, excluding non-recurring items, $0.04 better than the Thomson Reuters consensus of $0.35; revenues rose 82.9% year/year to $193.1 mln vs the $202.6 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.46-0.59, excluding non-recurring items, vs. $0.40 Thomson Reuters consensus; sees Q2 revs of $220-240 mln vs. $219.90 mln Thomson Reuters consensus.

16:30

XETA Xeta Tech announces agreement to acquire Data-Com Telecommunications; terms not disclosed (2.85 +0.25)

Data-Com is a privately held provider of communications equipment, applications and related services.

16:21

CPLA Capella Education names Steven L. Polacek as senior vice president and CFO (66.58 -0.87)

Co through its wholly owned subsidiary Capella University, announced that Steven L. Polacek will join the company as senior vice president and CFO effective Sept. 7, 2010.

16:20

PNM PNM Resources' Texas utility files for general rate increase (11.27 -0.17)

Co's transmission and distribution utility in Texas filed for an annual revenue increase of $20.1 mln, or 10.9%. If approved by the Public Utility Commission of Texas, the proposed new general rates would go into effect in approximately one year. The filing proposes a return on equity of 11.5%, based on a rate base of $448.3 mln and a revenue requirement of $204.3 mln. The filing also proposes a debt-to-equity capital ratio of 50-50. The current ratio used for regulatory purposes is 60% debt and 40% equity.

16:17

IFLG InfoLogix positioned for strategic initiatives in second half of 2010 (4.41 +0.21)

Co's strategic plan for 2010 is to continue to: Reposition the co around Electronic Medical Records, SAP Supply Chain Execution, and Mobility solutions, three sectors of the market where we see new business opportunities. Carefully manage expenses, selectively reduce them wherever possible, and secure additional funding and restructure certain of our current indebtedness to meet our working capital and debt payment obligations.

16:16

XETA Xeta Tech reports Q3 EPS of $0.01 vs. ($0.84); revs grew 22% go $20.9 mln (2.85 +0.25)

The Co expects earnings per share for fiscal 2010 in the range of $0.16 to $0.20. The co said, looking at next fiscal year, with the continued success in its recurring services business, improvements in operating efficiencies, contribution from its active acquisition program, and pent up demand, the co expects to produce revenue in excess of $100 mln and EPS in the range of $0.30-0.40 for FY11.

16:15

DENN Denny's announces that Robert Rodriguez has been appointed to the position of COO, effective no later than Sept 13, 2010 (2.38 +0.04)

16:12

ADUS Addus HomeCare announced the resignation of Francis J. Leonard, Chief Financial Officer (4.80 -0.25)

Co announced the resignation of Francis J. Leonard, Chief Financial Officer. The Company is currently engaged in a search for a new Chief Financial Officer to replace Mr. Leonard, who has agreed to remain with the Company until November 30, 2010 to assist in the transition. Mr. Leonard intends to pursue other professional opportunities. Separately, Addus has initiated a search for the newly created executive position of Chief Operating Officer.

16:11

FBP First Bancorp announces results of preferred stock exchange offer (0.45 +0.05)

In accordance with the terms of the exchange offer, the number of shares of common stock into which each share of tendered preferred stock will be exchanged will be the number determined by dividing the exchange value per share of preferred stock, or $13.75, by the relevant price of $1.18, or 11.6525 shares. No fractional shares will be issued. The exchange offer resulted in $487.1 mln, or 88.54%, of the aggregate liquidation preference of the preferred stock being validly tendered.

16:10

NOVL Novell misses by $0.01, misses on revs (5.64 -0.07)

Reports Q3 (Jul) earnings of $0.06 per share, excluding non-recurring items, $0.01 worse than the Thomson Reuters consensus of $0.07; revenues fell 7.9% year/year to $199 mln vs $197-199 mln pre-announcement.

16:09

UFI Unifi will seek stockholder approval to affect a 1:3 reverse stock split of its common shares, reducing outstanding shares to ~20 mln from ~60 mln (4.38 -0.03)

16:07

JCG J. Crew beats by $0.07, beats on revs; guides Q3 EPS below consensus; lowers FY11 EPS guidance below consensus (33.43 -0.22)

Reports Q2 (Jul) earnings of $0.53 per share, $0.07 better than the Thomson Reuters consensus of $0.46; revenues rose 14.0% year/year to $407.5 mln vs the $403.3 mln consensus; comps -5%; Q2 gross margin of 44.6%% vs the 44.0% consensus Co issues downside guidance for Q3, sees EPS of $0.55-0.60 vs. $0.71 Thomson Reuters consensus. Co lowers guidance for FY11, sees EPS of $2.25-2.35, including a $0.03 benefit from forfeited share-based awards, vs. $2.46 Thomson Reuters consensus, down from $2.35-2.45 previously.

16:07

VPRT Vistaprint announces decision of U.S. Fifth Circuit Court of Appeals affirming dismissal of purported class action lawsuit (30.00 -0.86)

Co announced that on August 23, 2010, the United States Court of Appeals for the Fifth Circuit issued an opinion affirming the August 2009 decision of the United States District Court for the Southern District of Texas that dismissed the purported class action lawsuit against co and two third party merchants. The U.S. Court of Appeals for the Fifth Circuit found that the District Court's "detailed analysis is compelling in explaining that each claim is entirely without merit."

16:06

GEO Geo Group announces retirement of president and COO, Wayne Calabrese (21.08 -0.07)

16:05

SLAB Silicon Labs announces the settlement of its patent infringement lawsuit against Quintic and its Chinese affiliate; parties agreed to a patent licensing and royalty arrangement (38.90 -0.09)

Co announces the settlement of its patent infringement lawsuit against Quintic and its Chinese affiliate. The companies agreed to a patent licensing and royalty arrangement that provides Quintic with a limited license to Silicon Labs' international portfolio of FM radio patents.

16:05

MCRS Micros Systems beats by $0.08, beats on revs; guides FY11 revs in-line (35.42 -0.84)

Reports Q4 (Jun) earnings of $0.49 per share, $0.08 better than the Thomson Reuters consensus of $0.41; revenues rose 11.4% year/year to $248.2 mln vs the $244.3 mln consensus. Co issues in-line guidance for FY11, sees FY11 revs of $1-$1.005 bln vs. $999.71 mln Thomson Reuters consensus. Sees FY11 net income between $140-142 mln.

16:04

NZ Netezza beats by $0.03, beats on revs; increases revenue growth guidance (14.92 -0.23)

Reports Q2 (Jul) earnings of $0.09 per share, $0.03 better than the Thomson Reuters consensus of $0.06; revenues rose 45.3% year/year to $63.8 mln vs the $53.9 mln consensus. Co says " ... Our performance in the first half of the fiscal year reflected strength in our business across all verticals, and we expect to see this continue. As a result, we are increasing our guidance for the full fiscal year to approximately 30% annual revenue growth. We will continue to invest across the organization during the second half of the year and expect operating margin improvement year over year." (Briefing.com note: current FY10 consensus of $234 mln calls for ~23% YoY growth)

16:03

HTCH Hutchinson promotes David Radloff to VP and CFO, replacing Steve Polacek who resigned to accept a position in another company (2.74 -0.14)

16:03

BEBE bebe stores beats by $0.01, beats on revs; guides Q1 EPS in-line (5.60 -0.01)

Reports Q4 (Jun) earnings of $0.02 per share, after taking into account $0.02 per share, net of tax, in impairment, $0.01 better than the Thomson Reuters consensus of $0.01; revenues fell 2.2% year/year to $127.4 mln vs the $123.2 mln consensus. Co issues in-line guidance for Q1, sees EPS of (0.02)-0.02 vs. $0.00 Thomson Reuters consensus. For Q1, the Co currently anticipates that comparable store sales will be in the low to mid-single digit negative range.

16:02

AXS AXIS Capital CFO, David Greenfield, resigns effective 11/30/2010; reasons not disclosed (30.94 -0.43)

16:01

VNDA Vanda Pharma Initiates Phase III clinical study aimed at resetting the body clock (6.36 +0.01)

Co announced it has initiated a Phase III clinical trial to evaluate tasimelteon in patients with non-24-hour sleep wake disorder, a condition experienced primarily by totally blind individuals that results in abnormal night sleep patterns and chronic daytime sleepiness.

16:01

CALM Cal-Maine Foods Clarifies Previous Statement on Nationwide Shell Egg Recall (31.01 -0.49)

Co issued the following clarification regarding the previously announced voluntary recall of shell eggs supplied from Hillandale Farms of Iowa. This information does not increase the total number of eggs which Cal-Maine purchased from Hillandale Farms, which was previously announced on August 20, 2010. Cal-Maine immediately contacted its customers to ensure that any eggs included in the recall were withdrawn from the marketplace. Cal-Maine has voluntarily recalled specific Julian dates of shell eggs purchased on May 31, 2010, from Hillandale Farms of Iowa and re-packaged by Cal-Maine's Benton County, Arkansas, facility, because they have the potential to be contaminated with Salmonella. Potentially affected eggs that were received by Cal-Maine at this facility total approximately 24,000 dozen. The affected eggs were distributed to food wholesalers and retailers in Oklahoma and Arkansas. Cal-Maine's Benton County, Arkansas, facility received these eggs from Hillandale Farms of Iowa, which were then re-packaged into large loose 5, 15 and 30 dozen units.

Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants.  1-800-752-3013 or http://www.briefing.com