Economic Calendar

Tuesday, October 28, 2008

Allstate, Carter's, CF Industries, Nabors: U.S. Equity Preview

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By Eric Martin

Oct. 27 (Bloomberg) -- The following companies may have unusual price changes in U.S. markets tomorrow. Stock symbols are in parentheses after company names, and prices are as of 6 p.m. in New York, unless stated otherwise.

Allstate Corp. (ALL US) fell 4.5 percent to $23.30. The largest publicly traded home and auto insurer in the U.S. was downgraded by Fitch Ratings after posting a third-quarter loss.

Carter's Inc. (CRI US) rose 3.1 percent to $18. The maker of baby clothes will replace Captaris Inc. in the Standard & Poor's Smallcap 600 Index, S&P said.

CF Industries Inc. (CF US) gained 25 cents to $45.50. The operator of North America's two biggest nitrogen-fertilizer plants said its board authorized the repurchase of as much as $500 million of the company's stock.

Home BancShares Inc. (HOMB US) rose 4 cents to $23.50. The company will replace Vital Signs Inc. in the S&P Smallcap 600 Index, S&P said.

Nabors Industries Ltd. (NBR US) dropped 10 percent to $11.10. The world's largest onshore oil and natural-gas driller announced the resignation of Bruce P. Koch, its chief financial officer.

Reinsurance Group of America Inc. (RGA/A US): The reinsurer majority-owned by MetLife Inc. will replace Apria Healthcare Group Inc. in the S&P Midcap 400 Index, S&P said. Reinsurance Group fell $1.66, or 4.8 percent, to $33.26 in regular trading.

To contact the reporter on this story: Eric Martin in New York at emartin21@bloomberg.net.




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