Economic Calendar

Wednesday, November 11, 2009

Adobe, Assured, Noble Energy, Prudential: U.S. Equity Preview

Share this history on :

By Lu Wang

Nov. 11 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Adobe Systems Inc. (ADBE US): The world’s biggest maker of graphic-design programs said it plans to cut 680 jobs, or about 9 percent of its global workforce, as the company copes with a lingering sales slump.

Assured Guaranty Ltd. (AGO US): The bond insurer reported third-quarter revenue of $285.6 million, trailing the average estimate of $361 million from analysts in a Bloomberg survey.

China Digital TV Holding Co. (STV US): The country’s largest supplier of smart cards for digital television access forecast revenue of $13.6 million at most in the fourth quarter. That trailed the average analyst estimate of $14.3 million.

Noble Energy Inc. (NBL US) The oil and natural-gas producer with discoveries off Israel’s coast said Kenneth M. Fisher will be joining the company effective Nov. 16 as senior vice president and chief financial officer. Fisher was most recently executive vice president of finance for upstream Americas at Royal Dutch Shell Plc.

Progressive Corp. (PGR US): The fourth-largest U.S. auto insurer said net income fell 26 percent in October on lower returns from investments.

Prudential Financial Inc. (PRU US): The second-largest U.S. life insurer increased its annual dividend 21 percent after posting its third straight quarterly profit.

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




No comments: