Economic Calendar

Thursday, July 9, 2009

Alcoa, Human Genome, Kennametal, Verigy: U.S. Equity Preview

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By Lu Wang

July 9 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Alcoa Inc. (AA US): The largest U.S. aluminum producer reported a second-quarter loss that was narrower than analysts estimated after production cuts and workforce reductions helped the company save money.

Data Domain Inc. (DDUP US): The maker of technology that conserves storage space agreed to a $2.1 billion acquisition by EMC Corp. (EMC US), backing out of a previous deal with NetApp Inc. (NTAP US).

Human Genome Sciences Inc. (HGSI US): The company’s experimental anthrax treatment, raxibacumab, increased survival in animals infected with the deadly disease, a U.S.-funded study said.

Kennametal Inc. (KMT US): The company, which supplies tools to the mining and energy industries, said it plans to sell 6.5 million shares, raising money to pay debt.

Verigy Ltd. (VRGY US): The maker of semiconductor-testing equipment said it plans to sell $110 million of convertible notes. Proceeds may be used to fund potential purchases.

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




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