Economic Calendar

Thursday, May 14, 2009

CommVault, Forest City, MBIA, Whole Foods: U.S. Equity Preview

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By Lu Wang

May 14 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Clearwire Corp. (CLWR US): The U.S. provider of high-speed WiMax mobile services reported a narrower first-quarter loss after adding customers in new markets.

Coca-Cola Enterprises Inc. (CCE US): The world’s largest soft-drink bottler was added to Goldman Sachs Group Inc.’s “conviction buy list” on expectation growing soda demand and falling commodity prices will bolster earnings.

CommVault Systems Inc. (CVLT US): The supplier of data- management software reported earnings of 9 cents a share in the fiscal fourth quarter, missing the average analyst estimate by 40 percent.

Forest City Enterprises Inc. (FCE/A US): The developer of New York’s $4.2 billion Atlantic Yards project said it plans to sell 40 million shares in a public offering and it’s in talks with lenders to extend its $750 million revolving credit line, which matures next March.

MBIA Inc. (MBI US): The biggest bond insurer was sued by Bank of America Corp., JPMorgan Chas & Co., UBS AG and 15 more of the world’s largest financial companies, which said the split of MBIA’s guarantee business illegally cut their odds of getting paid on policies.

Whole Foods Markets Inc. (WFMI US): The largest natural- goods grocer in the U.S. posted an adjusted second-quarter profit of 25 cents a share, exceeding the average analyst estimate by 34 percent.

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




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