Economic Calendar

Tuesday, November 18, 2008

Alpha, Cliffs, Ctrip.com, DivX, Stericycle: U.S. Equity Preview

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By Lu Wang

Nov. 17 (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 5:30 p.m. in New York, unless otherwise specified.

Standard & Poor's 500 Index futures expiring in December lost 3.40, or 0.4 percent, to 849.10. Dow Jones Industrial Average futures fell 112, or 1.3 percent, to 8,259. Nasdaq-100 Index futures slipped 3, or 0.3 percent, to 1,155.50.

Alpha Natural Resources Inc. (ANR US) fell $1.65, or 6.6 percent, to $23.25 in trading after the normal close of exchanges. The producer of metallurgical coal and Cliffs Natural Resources Inc. (CLF US) terminated their $2.88 billion agreement to merge because of the global credit crunch and ``uncertainty'' in the steel market, the companies said.

Cliffs gained $1.35, or 6.9 percent, to $21 in extended trading.

Ctrip.com International Ltd. American depositary receipts (CTRP US) fell $1.68, or 7.1 percent, to $21.98. The biggest online ticketing agent in China forecast sales in the fourth quarter may grow as little 5 percent from a year earlier, slowing from 15 percent in the third quarter.

DivX Inc. (DIVX US) fell 61 cents, or 11 percent, to $4.92. The maker of software to download Web videos reduced its 2008 earnings forecast and said Yahoo! Inc. (YHOO US) plans to end an advertising agreement.

Electronics Arts Inc. (ERTS US): The second-largest U.S. video-games publisher filed a statement with regulators indicating it may seek to raise capital. The stock fell 5.6 percent to $19.30 in regular trading.

Stericycle Inc. (SRCL US) added $1.52, or 2.6 percent, to $60.39. The provider of medical waste management services will replace Anheuser-Busch Companies Inc. (BUS US) in the Standard & Poor's 500 Index, S&P said in a statement.

Transmeta Corp. (TMTA US) rose 43 cents, or 2.4 percent, to $17.95. The computer-chip designer agreed to be bought by privately held Novafora Inc. for $255.6 million in cash, or $18.70 to $19 a share.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net




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