By Elizabeth Campbell and Whitney Kisling
Nov. 18 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading today. Stock symbols are in parentheses, and share prices are as of 7:50 a.m. in New York, unless otherwise specified.
Alpha Natural Resources Inc. (ANR US) fell 7.6 percent to $23 in trading after the close of exchanges yesterday. 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 5.8 percent to $20.80 in extended trading yesterday.
Blackrock Inc. (BLK US): The largest publicly traded asset manager in the U.S. said it plans to cut jobs for the first time in its 20-year history as the fund industry contracts amid the slumping financial markets. The shares fell 3.4 percent to $106.40 in regular trading yesterday.
Ctrip.com International Ltd. American depositary receipts (CTRP US) fell 9.3 percent to $21.45 in late trading yesterday. The biggest online ticketing agent in China forecast sales in the fourth quarter may grow as little as 5 percent from a year earlier, slowing from 15 percent in the third quarter.
DivX Inc. (DIVX US) fell 11 percent to $4.90. 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 yesterday.
Home Depot Inc. (HD US) added 1.2 percent to $20.24. The world's largest home-improvement retailer posted third-quarter profit of 45 cents a share, better than the average analyst estimate of 38 cents, according to Bloomberg data. The company also beat sales estimates and reaffirmed its projection for a 24 percent drop in earnings per share, excluding some costs.
Las Vegas Sands Corp. (LVS US) declined 4 percent to $6.27. The casino company controlled by billionaire Sheldon Adelson said parts of its Marina Bay Sands will open later than the end of 2009, as originally scheduled, because of construction issues and an ``unprecedented'' shortage of raw materials.
Stericycle Inc. (SRCL US) added $1.53, or 2.6 percent, to $60.40 in extended trading yesterday. 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 1.6 percent to $17.80. 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.
Yahoo! Inc. (YHOO US) added 11 percent to $11.80. The second-largest U.S. Internet-search engine's Chief Executive Officer Jerry Yang agreed to step down, opening the door for a fresh Microsoft Corp. (MSFT US) bid. Yang rejected Microsoft's bid this year of as much as $33 a share for the company, and Yahoo has lost more than $20 billion since Yang took over.
To contact the reporters on this story: Elizabeth Campbell in New York at ecampbell11@bloomberg.net; Wh
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