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 WEDNESDAY MAY 23 2007          

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TOP FINANCIAL NEWS
BUSINESS NEWS
Alcan Urges Rejection of Bid
Google’s goal to organise your daily life
Companies moving in after hours trading in reaction to earnings
Trading Up
 BRS +8.2%; MW +5.2%; DY +3.7%; MDT +3.3%; SNDA +3.1%... 
Trading Down
 GIGA -12.41%; ADI -5.7%; EXM -3.8%; PHHM -1.0%... 
Companies moving in reaction to news
 Trading Up
 SRR +29.8% (Payless ShoeSource to acquire the Stride Rite Corporation for $20.50 per share in cash); AATI +16.1% (announced ITC judge rules in favor of AnalogicTech in patent infringement case); PTN +9.1% (and King Pharmaceuticals report data showing improvements in sexual relationship and self-esteem in patients); FRX +8.2% (Forest Labs and Cypress Bioscience announce positive results of phase III study for milnacipran as a treatment for fibromyalgia syndrome); ZOLT +3.4% (reports new expanded carbon fiber supply agreement with Vestas Wind Systems); AL +2.9% (board recommends that shareholders reject AA offer); WYE +2.5% (announces new long-term data analyses for Bifeprunox show favorable effects vs. placebo in stabilized patients with schizophrenia)... 
Trading Down
ARQL -4.2% (files S-3 filing to file up to $100 mln in a mixed shelf offering); FORG -2.2% (comments on patent trial results); MCBI -1.5% (announces receipt of non-compliance letter from NASDAQ); TRMM -1.2% (appoints Richard Stern as Chief Executive Officer); SLFI -1.1% (receives Nasdaq staff determination letter - Sterling to appeal

Earnings Before: DKS, EV, GME, POSS, ROST, TLB, TGT, TWB, WTSLA After: ANF, ANST, CA, CTS, FL, GYMB, HOTT, LTD, NTAP, PLMD, PSSI, QTM, SNPS, OVE, ZL, ZUMZ

Hedge Fund Heads for Borders Group  Glenview Capital Management reported holding a 5.69% stake in the book and entertainment retailer, making the fund its fifth-largest shareholder. • CHARTING THE MARKET TODAY 5:03 p.m. Stocks in the Spotlight Tuesday • INVESTORS' SOAPBOX PM 3:01 p.m. U.S. Steel Hinges on Valuations • HOT RESEARCH PM 2:12 p.m. Marathon Oil Can Go the Distance

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