Economic Calendar

Monday, December 8, 2008

Blyth, Crown Holdings, Marshall & Ilsley: U.S. Equity Preview

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By Lu Wang

Dec. 7 (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 on Dec. 5, unless otherwise specified.

Standard & Poor’s 500 Index futures expiring in December climbed 24.90, or 2.9 percent, to 872.40. Dow Jones Industrial Average futures rose 210, or 2.5 percent, to 8,612. Nasdaq-100 Index futures gained 43, or 3.8 percent, to 1,178.

Blyth Inc. (BTH US) fell 32 cents, or 4 percent, to $7.78 in trading after the official close of exchanges. The maker of candles and decoration products cut its financial forecast, saying it expects a loss of as much as 28 cents a share in fiscal 2009, compared with an earlier forecast of as much as $1.21 each.

Crown Holdings Inc. (CCK US): The packaging manufacturer, Silgan Holdings Inc. (SLGN US), Owens-Illinois Inc. (OI US) and Ball Corp. (BLL US) are among the companies that may rise as bottle and can sales increase and lower commodity prices cut production costs, Barron’s reported, citing Ghansham Panjabi, an analyst at Wachovia Securities Inc. Crown Holdings gained 47 cents to $16.64 on Dec. 5, Silgan rose $1.19, or 2.76 percent, to $44.30. Owens-Illinois rose 14 cents to $18.36, and Ball increased $1.14, or 3.4 percent, to $34.94.

Hecla Mining Co. (HL US): The second-largest U.S. silver producer said it will defer quarterly preferred dividends payable Jan. 1, to conserve cash. The stock gained 4.3 percent to $1.93 in regular trading.

Heelys Inc. (HLYS US) gained 56 cents, or 18 percent, to $3.65. The maker of wheeled sneakers said it will pay a one-time dividend of $1 share to stockholders of record on Dec. 15.

Honeywell International Inc. (HON US): The world’s largest maker of aircraft-cockpit instruments lost a bid for $10.6 million in royalties when a jury decided that Sandel Avionics Inc. didn’t infringe two U.S. patents. The stock added 4.2 percent to $26.54 in regular trading.

Kohl’s Corp. (KSS US): The fourth-largest U.S. department- store company said Senior Executive Vice President Thomas Kingsbury resigned effective Dec. 1. The stock gained 3.8 percent to $35.62 in regular trading.

Leucadia National Corp. (LUK US): The holding company with interests in insurance, wine and real estate may advance to $30 a share amid a stock market recovery, Barron’s reported, without citing anyone. Leucadia stock gained $1.45, or 8.5 percent, to $18.55.

Marshall & Ilsley Corp. (MI US): Wisconsin’s biggest bank said it will participate in two Federal Deposit Insurance Corp. programs designed to bolster finances at U.S. lenders. The stock rose 4.1 percent to $13.68 in regular trading.

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




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