By Lu Wang
Sept. 11 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.
Abbott Laboratories (ABT US): The drug company said it agreed to buy Evalve Inc., the maker of heart valve repair devices, for as much as $410 million.
Morgan Stanley (MS US): John Mack, the company’s chairman and chief executive officer for more than four years, will hand off his CEO duties at the end of the year to Co-President James Gorman.
National Semiconductor Corp. (NSM US): The company, whose chips control power in electronic devices, reported a 63 percent drop in profit last quarter as the recession crimped orders.
Plum Creek Timber Co. (PCL US): The forest-products company was upgraded to “neutral” from “underperform” at Credit Suisse Group AG, which said the stock is no longer overvalued.
Quidel Corp. (QDEL US): The maker of tests for pregnancy and infectious diseases said it expects record revenue and operating profit in the third quarter on strong demand for flu products.
Steel Dynamics Inc. (STLD US): The third-largest U.S.-based steelmaker by sales boosted its forecast, saying it expects to earn at least 20 cents a share in the third quarter.
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net
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