Economic Calendar

Tuesday, September 22, 2009

Adolor, Carnival, Macy’s, Synnex, Yahoo: U.S. Equity Preview

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By Mary Childs and Sapna Maheshwari

Sept. 22 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7 a.m. in New York.

Adolor Corp. (ADLR US): The drugmaker said it bought the rights to OpRA III, a clinical-stage product candidate, from Eli Lilly & Co. (LLY US) for $72 million.

AMR Corp. (AMR US) fell 4.4 percent to $8.63. The parent company of American Airlines said it plans to offer 30 million shares of its common stock and $250 million in convertible debt.

Carnival Plc (CUK US) rose 6.1 percent to $35.05. Bank of America Corp. added the world’s biggest cruise-line operator to its “Europe 1” list.

Louisiana-Pacific Corp. (LPX US): The world’s largest maker of pressed-wood panels said it plans to sell as many as 20.7 million shares to reduce debt.

Macy’s Inc. (M US) rose 5.1 percent to $18.70. The second- biggest U.S. department-store chain was upgraded to “buy” from “hold” by Citigroup Inc., which cited “increased conviction in Macy’s top line and margin potential” based on success in pilot markets and product cost deflation.

Synnex Corp. (SNX US): The distributor of computer products reported third-quarter profit of 67 cents a share, beating the average analyst estimate of 62 cents in a Bloomberg survey.

Yahoo! Inc. (YHOO US): The Internet company is seeking as much as $500 million for a small business hosting unit, Reuters reported.

To contact the reporters on this story: Mary Childs in New York at mchilds4@bloomberg.net; Sapna Maheshwari in New York at smaheshwar11@bloomberg.net.


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