Economic Calendar

Friday, September 26, 2008

U.S. stocks on the move Sept 26

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 (Updates to regular session)
 NEW YORK, Sept 26 (Reuters) - U.S. stocks on the move on
Friday:
 JPMORGAN CHASE & CO (JPM.N: Quote, Profile, Research, Stock Buzz)
 JPMorgan bought the banking assets of Washington Mutual
(WM.N: Quote, Profile, Research, Stock Buzz) after WaMu was closed by the U.S. government in by far
the largest failure of a U.S. bank.[ID:nN26278272].
 JPMorgan shares were little changed at $43.50.
 RESEARCH IN MOTION (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz)
 The BlackBerry maker posted quarterly revenues that were
below the average Wall Street forecast. For details see
[ID:nWNAB3031] Shares fell 25 percent to $73.25.
 AMERICAN GREETINGS CORP (AM.N: Quote, Profile, Research, Stock Buzz)
 American Greetings posted a smaller-than-expected quarterly
profit, hurt by higher costs, and warned that its full-year
earnings could come in at the low end of its prior forecast.
 Shares fell 7.6 percent to $15.37.
 ACCENTURE LTD (ACN.N: Quote, Profile, Research, Stock Buzz)
 The company reported a quarterly profit that beat analysts'
expectations and forecast further growth in the year ahead, as
more clients seek its consulting and outsourcing services
despite a weak economy and gloomy financial markets.
[ID:nN25534697]
 Shares of Accenture rose 3.4 percent to $38.43.
 SYNNEX CORP (SNX.N: Quote, Profile, Research, Stock Buzz)
 The computer hardware distributor reported third-quarter
results above market estimates, helped by higher operating
margins, and gave fourth-quarter outlook mostly in line with
analysts' view. [ID:nBNG346322]
 Synnex shares rose 9 percent to $22.50.
 CHRISTOPHER AND BANKS CORP (CBK.N: Quote, Profile, Research, Stock Buzz)
 The women's apparel chain posted better-than-expected
quarterly earnings, but forecast weak third-quarter earnings
amid a challenging economic and retail environment.
[nBNG319298]
 Shares of the company fell 6 percent to $8.10.
 AMERICAN REPROGRAPHICS CO (ARP.N: Quote, Profile, Research, Stock Buzz)
 The provider of document-management services cut its 2008
earnings and revenue forecast, citing volatile financial
climate. [nBNG39059]
 Shares of the company fell 13 percent to $16.20.
 EMC INSURANCE GROUP INC (EMCI.O: Quote, Profile, Research, Stock Buzz)
 The provider of property and casualty insurance cut its
2008 earnings forecast, hurt by Hurricanes Gustav and Ike, as
well as losses on investments in Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie
Mac (FRE.N: Quote, Profile, Research, Stock Buzz) preferred stock. [ID:nBNG309209]
 Shares of EMC fell 10.4 percent to $26.75.
(Reporting by Kristina Cooke and Steven C. Johnson in New
York and Purwa Naveen Raman in Bangalore; Editing by Kenneth
Barry)





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