By Eric Martin
Dec. 11 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 7:50 a.m. in New York, unless otherwise specified.
Gold producers rose as the precious metal rallied for a fourth day in London. The dollar weakened, increasing gold’s appeal as an alternative investment to the U.S. currency.
Barrick Gold Corp. (ABX US) rose 3.7 percent to $31.50. Newmont Mining Corp. (NEM US) added 2.3 percent to $36.20. Freeport-McMoRan Copper & Gold Inc. (FCX US) increased 2.2 percent to $23.40.
American International Group Inc. (AIG US): The insurer plans to announce more than $15 billion worth of sales of businesses before the end of the year to raise money to pay government loans, the Financial Times said, citing people familiar with the situation. AIG rose 3.4 percent to $1.81 in trading after the official close of exchanges yesterday.
BCE Inc. (BCE US) dropped 6.7 percent to $17.07. The C$52 billion ($41 billion) takeover of Canada’s largest phone company was terminated by Ontario Teachers’ Pension Plan and a group of U.S. private-equity firms.
General Motors Corp. (GM US) gained 3.3 percent to $4.75. The U.S. House voted 237-170 last night to approve emergency loans for General Motors and Chrysler LLC, sending the legislation to the Senate.
Ford Motor Co. (F US) rose 4 percent to $3.38.
Greif Inc. (GEF US): The maker of shipping and packaging equipment predicted 2009 profit between $3.25 and $3.75 a share. Analysts polled by Bloomberg estimated $4.15 a share on average. Greif slid 1.2 percent to $29.25 in trading after the official close of U.S. exchanges yesterday.
Merck & Co. (MRK US) fell 1 percent to $26.73. The third- largest U.S. drugmaker faces a new trial over the death of a former user of the Vioxx painkiller that resulted in a $32 million award against the company, a court ruled. A Texas state appeals court said it erred in May by throwing out the award and granted Merck’s request for a new trial.
Navistar International Corp. (NAV US): The largest maker of blast-resistant trucks for the U.S. military won a $362.3 million order to build more of the vehicles to protect troops from roadside bombs. Navistar gained 3.2 percent to $24.04 in regular trading yesterday.
Palm Inc. (PALM US): The maker of the Treo and Centro smart phones invited reporters and analysts to a Jan. 8 event at the Consumer Electronics Show in Las Vegas, signaling it may introduce new devices based on revamped software to gain ground on Apple Inc.’s iPhone and Research In Motion Ltd.’s BlackBerry. Palm shares gained 3.1 percent to $1.69 in regular trading yesterday.
Sprint Nextel Corp. (S US): The third-largest U.S. wireless company had its rating on senior unsecured debt lowered to below-investment grade by Moody’s Investors Service, which cited its weakened position in the wireless phone market. Sprint dropped 2.1 percent to $2.37 in trading after the official close of U.S. exchanges yesterday.
XL Capital Ltd. (XL US) rose 7.7 percent to $4.20. The biggest Bermuda-based insurer said it hired Goldman Sachs Group Inc. to explore “value-enhancing opportunities,” and disclosed investment losses of at least $200 million.
To contact the reporter on this story: Eric Martin in New York at emartin21@bloomberg.net.
Posts
No comments:
Post a Comment