Economic Calendar

Thursday, September 17, 2009

Auxilium, Clarcor, Kodak, Oracle, Peabody: U.S. Equity Preview

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By Lu Wang

Sept. 17 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Auxilium Pharmaceuticals Inc. (AUXL US): The company’s experimental drug, Xiaflex, won the support of a U.S. advisory panel for the first non-surgical treatment for Dupuytren’s contracture, a disabling hand disorder.

Clarcor Inc. (CLC US): The maker of Baldwin air filters reduced its 2009 earnings forecast, projecting $1.40 a share at most. That’s lower than the average analyst estimate of $1.44, according to a Bloomberg survey.

Eastman Kodak Co. (EK UST): The photography company reshaping itself in the digital age, said it expects to raise as much as $700 million, with KKR & Co. committing to buy more than half of the notes.

Oracle Corp. (ORCL US): The world’s second-largest software maker reported first-quarter sales that missed analysts’ projections after orders remained slow overseas.

Peabody Energy Corp. (BTU US): The third-largest eastern U.S. coal company and Patriot Coal Corp. (PCX US) were downgraded to “neutral” from “buy” at UBS AG, which said the stocks’ prices already reflected a recovery in the industry.

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




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