Economic Calendar

Wednesday, September 23, 2009

American Electric, Google, Incyte, Seagate: U.S. Equity Preview

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By Lu Wang

Sept. 23 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

American Electric Power Co. (AEP US): The biggest U.S. producer of coal-fueled electricity named Brian Tierney chief financial officer. Tierney, formerly executive vice president of AEP Utilities East, replaces Holly Koeppel, who became CFO in September 2006, the Columbus, Ohio-based company said in a statement.

ATP Oil & Gas Corp. (ATPG US): The energy producer announced and offering of $125 million in convertible perpetual preferred stock and said third-quarter production will be lower than expected.

Google Inc. (GOOG US): The Internet company’s sites led the U.S. core search market in August with 64.6 percent of the searches conducted, ComScore Inc. said.

Incyte Corp. (INCY US): The developer of medicines for immune system diseases said it intends to offer up to $250 million aggregate principal amount of convertible senior notes due 2015 in a private placement.

Seagate Technology (STX US): The world’s largest maker of hard-disk drives said sales this quarter may top its forecast on better-than-expected demand for products used in notebook and desktop computers.

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




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