Economic Calendar

Thursday, July 16, 2009

Bank of America, Universal Forest, Xilinx: U.S. Equity

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By Lu Wang

July 16 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Bank of America Corp. (BAC US): The biggest U.S. bank by assets said net charge-offs on its credit-card trust rose to 13.86 percent in June from 12.5 percent a month earlier.

Legg Mason Inc. (LM US): The asset management company said it’s offering a combination of equity and cash to exchange as much as 95 percent of a $1.15 billion convertible debt offering from May 2008, to reduce debt and boost capital.

Resources Connection Inc. (RECN US): The provider of legal and accounting services posted a loss excluding some items of 1 cent a share in the fiscal fourth quarter. That compared with the average analyst estimate for profit of 3 cents a share, according to Bloomberg data.

Willis Group Holdings Ltd. (WSH US): The third-biggest insurance broker increased its stake in a Malaysian business to 49 percent as it seeks to expand in Asia.

Universal Forest Products Inc. (UFPI US): The maker of do- it-yourself lumber products reported second-quarter profit excluding some items of 81 cents a share, topping the average analyst estimate by 78 percent.

Xilinx Inc. (XLNX US): The largest maker of programmable semiconductors reported sales of $376.2 million in the fiscal first quarter. That trailed the average analyst estimate of $379.4 million in a Bloomberg survey.

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




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