Economic Calendar

Monday, July 21, 2008

Accenture, Brown Shoe, Lindsay, UAL Corp.: U.S. Equity Preview

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By Lynn Thomasson

July 20 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:42 p.m. in New York on July 18, unless stated otherwise.

Accenture Ltd. (ACN US): The company may rise 20 percent to more than $45 on revenue from management consulting and technology outsourcing, Barron's said, citing Tim Fidler, a large-cap portfolio manager at Ariel Investments in Chicago. Accenture shares fell 13 cents to $39.39.

Brown Shoe Co. (BWS US): The maker of footwear brands such as Naturalizer and Via Spaga may rise to $20 a share in the next year, Barron's reported, without citing anyone. Brown Shoe rose 3 cents to $14.96.

Coca-Cola Bottling Co. Consolidated (COKE US): The second- biggest U.S. Coke bottler said it will eliminate 350 positions, about 5 percent of its workforce, to reduce costs because of higher prices for corn-based sweetener and diesel fuel for transportation. The stock slipped 0.8 percent to $33.89 in regular trading.

Lindsay Corp. (LNN US): The maker of GrowSmart irrigation equipment raised its quarterly dividend by 7.1 percent to 7.5 cents a share. The stock added 2.7 percent to $84.84 in regular trading.

T. Rowe Price Group Inc. (TROW US): The money manager with $380 billion in assets may rise at least 10 percent after a decline because of the credit crunch, Barron's said, citing analysts and money managers. The stock rose 11 cents to $54.74.

Time Warner Inc. (TWX US): The media company's movie, ``The Dark Knight,'' the sequel to 2005's ``Batman Begins,'' made a record $155.3 million in its opening weekend for Warner Bros., while setting at least five other box-office records. Those include the biggest single-day gross for a movie ($67.9 million), the largest midnight preview ($18.5 million) and the most opening theaters (4,366), box-office tracker Media By Numbers LLC said in a statement. Time Warner shares rose 5 cents to $14.70.

UAL Corp. (UAUA US): The parent of United Airlines may face decreased liquidity as job cuts reduce the company's cash, said analysts at Moody's Investors Service, who cut the company's corporate family rating to Caa1 from B2. Separately, London's Observer said the airline is planning to borrow at least $1 billion, which may be announced July 22. Shares gained 7.5 percent to $5.45 in regular trading.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.


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