Economic Calendar

Tuesday, September 1, 2009

Hospira, Immunomedics, Motorola, Sina, YRC: U.S. Equity Preview

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By Lu Wang

Sept. 1 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Hospira Inc. (HSP US): The maker of generic injectable drugs for hospitals said the U.S. Food and Drug Administration approved the company’s applications for six new presentations of therapeutic heparin in single- and multiple-dose vials.

Immunomedics Inc. (IMMU US): The maker of products for cancer and autoimmune diseases plans to raise as much as $151.1 million selling stock and warrants, the company said in a filing with the U.S. Securities and Exchange Commission.

Motorola Inc. (MOT US): The largest mobile-phone maker in the U.S. had its rating raised to “outperform” from “neutral” by Credit Suisse Group AG, which said a recovery at the company’s mobile-phone division is imminent and the unit should approach break-even by the end of next year.

Sina Corp. (SINA US): China’s biggest Internet portal forecast sales of $94 million at most in the third quarter, missing the average analyst estimate of $96 million in a Bloomberg survey.

YRC Worldwide Inc. (YRCW US): The biggest U.S. trucking company by sales said its lenders relaxed the terms of a $950 million credit line, according to a filing with the SEC.

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




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