By Whitney Kisling
Dec. 5 (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 8:35 a.m. in New York, unless otherwise specified.
Actuate Corp. (ACTU US) rose 32 percent to $3 in trading after the official close of exchanges yesterday. The software developer raised the price it offered to buy its stock for to at least $3 a share.
Big Lots Inc. (BIG US) fell 10 percent to $14.59. The largest U.S. seller of discontinued goods that’s gained 1.8 percent this year lowered its earnings forecast for the current fiscal year and the quarter ending Jan. 31, after posting a decline in third-quarter sales.
Bill Barrett Corp. (BBG US) slid 0.8 percent to $17.25. The Denver-based oil and gas producer was cut to “market perform” from “outperform” by Morgan Keegan & Co. on concern a “negative stigma” related to the pricing environment in the Rockies could hurt the stock.
Bunge Ltd. (BG US) fell 4.7 percent too $35.54. The world’s biggest oilseed processor was cut to “underperform” from “neutral” at Merrill Lynch & Co., which said 2009 earnings will be lower than previously expected. Merrill also cut the share-price target to $36 from $42.
Cadbury Plc American depositary receipts (CBY US) climbed 2.4 percent to $33.05. The world’s largest candy maker, was raised to “hold” from “sell” at Citigroup Inc.
Cubist Pharmaceuticals Inc. (CBST US) lost 7.1 percent to $26. The maker of the skin-infection drug Cubicin was cut to “underperform” from “perform” at Oppenheimer & Co. on concern the company doesn’t have many “compelling opportunities,” forcing it to expand outside its core market.
Leap Wireless International Inc. (LEAP US) gained 5.6 percent to $22. The operator of the Cricket and Jump brands of mobile-phone service was raised to “buy” from “neutral” at Goldman Sachs Group Inc. and added to its “conviction buy” list. Subscriber growth will be “impressive” in the fourth quarter because of the company’s “compelling” offers, Goldman said.
Novell Inc. (NOVL US) rose 4.7 percent to $4. The second- largest U.S. seller of Linux software met analysts’ estimates with its fourth-quarter profit, excluding some costs, after it cut jobs and offloaded consulting tasks to partner companies.
Rambus Inc. (RMBS US) gained 1.4 percent to $10.76. The designer and licensor of memory chips said U.S. trade officials will consider its bid to block imports of electronics that include Nvidia Corp.’s computer-graphic chips. Rambus claims the Nvidia chips infringe its patents for high-speed computer memory.
Thoratec Corp. (THOR US) rose 15 percent to $28.35 after the official close of exchanges yesterday. The company said its mechanical heart pump outperformed an older version in a trial of 200 patients with advanced heart failure.
TRW Automotive Holdings Corp. (TRW US): The world’s biggest maker of vehicle-safety equipment withdrew its 2008 sales and profit projections, saying vehicle production has fallen “well beyond” forecasts. The stock rose 2.9 percent to $2.81 in regular trading yesterday.
Yahoo! Inc. (YHOO US) fell 2.3 percent to $10.80. Yahoo investor Carl Icahn, who lobbied for a Microsoft Corp. (MSFT US) takeover earlier this year, held talks with Microsoft about a purchase of Yahoo’s Internet search business, without reaching an agreement.
Microsoft, the world’s largest software maker, fell 1.4 percent to $18.85.
To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net
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