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WEDNESDAY APRIL 2  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Economic

       8:15 ADP Employment (Mar.): -23K cons.

      10:00 Factory Orders (Feb.): 0.7% cons.

    10:30 Crude Inventories: 88K prior

MBA Purchase Applications
 [Bullet] 7:00 ET 
Challenger Job-Cut Report
 [Bullet] 7:30 ET 
ADP Employment Report
 [Bullet] 8:15 ET 
Factory Orders
[Consensus]
 [Bullet] 10:00 ET 
EIA Petroleum Status Report
 [Bullet] 10:30 ET 

TOP FINANCIAL NEWS

BUSINESS NEWS
After Hours Summary: BLUD +4.5 on earnings/guidance; PFE -1.3% (announces discontinuation of Phase III clinical trial for patients with advanced melanoma)

Companies moving in after hours trading in reaction to earnings
 Trading Up
 EXFO +5.0%; BLUD +4.5%; LORL +2.7%... 
Companies moving in after hours trading in reaction to news: Trading Up
 CPST +3.5% (receives HEV bus order for $5 mln from DesignLine International); AER +2.0% (announced its subsidiary AeroTurbine entered into a ten year component lease agreement signed between British Airways and AeroTurbine); CVTX +1.9% (announces Ranexa significantly reduces cardiac chest pain symptoms and recurrent ischemia in merlin-timi 36 patients with angina); MPG +0.9% (Third Point discloses 7.1% stake in 13D filing); MANT +0.8% (1Q08 contract awards total $750 mln)...  Trading Down
 LOJN -20.0% (lowers FY08 EPS and revs below consensus; guides Q1 EPS below consensus); ISTA -15.5% (announces results of clinical trial of Xibrom QD formulation; showed no statistically significant difference between the two formulations in achieving the secondary efficacy endpoints); CHRD -14.7% (issues downside Q2 guidance); ONT -7.7% (sees Q4 revs above consensus, EPS in-line; delay of filing annual report pending completion of review); KKD -5.2% (seeks amendments to credit facilities); FIC -4.4% (announces reengineering plan; expects to reduce cost structure by $100 mln, yield annual pre-tax savings of $35 mln and a Q2 charge of $7 mln); BOBE -4.1% (reports March restaurant same store sales +0.1%; co reports Mimi's Cafe March same store sales -4.3%); DEEP -2.9% (notifies SEC of delay in filing its 2007 Q4 and full year results; sees FY07 revs above consensus); HNSN -2.9% (hnsn +2.9% (announces 2.5 mln share offering); ROL -2.2% (announces that it purchased 236K shares of common stock at weighted avg price of $17.09/share in 1Q08); ISSI -1.8% (announces that its Board has elected Scott Howarth as CEO); AVY -1.4% (acquires DM Label Group); DDS -1.4% (reaches settlement agreement with Barington and Clinton); CAL -1.3% (reports March 2008 operational performance); PFE -1.3% (announces discontinuation of Phase III clinical trial for patients with advanced melanoma).

 Earnings

Before: BBY, KMX, LULU, MON, UNF


After: ANGO, CHNL, LNDC, MU, RIMM, RT

       Events

       XTEX Analyst Meeting

       WRNC Analyst Meeting; HTGC Analyst Meeting

       DELL Equity Analyst Meeting

       ATG Analyst Meeting

       ADEP Global Conference 2008

       ACAS, UB at IQPC Global Distressed Debt West Coast Investor Forum (Day 3 of 3)

       ARAY, CYBI, EXAR, ACTU, EXPO, ACTG at B. Riley & Company Annual Investor Conference (Day 2 of 4)

       BPO at CIBC World Markets Real Estate Equities Conference

       BTI at Dresdner Kleinwort Consumer Staples Conference

       CSR at Brean Murray, Carret & Co., Inc Fourth Investor Tour of China (Shenzhen) Conference

       LEH at AVCJ Private Equity & Venture Forum

       The Changing Face of Private Equity in the Island Nation Conference (Day 3 of 3)

       MR, FMCN, GSOL at Credit Suisse Group (AIC) 11th Asian Investment Conference (Day 4 of 4)

       NTAP at FOSE 2008 Conference

       PEG, FE, PCG, AEE, MIR at Morgan Stanley Global Electricity & Energy Conference

       PHST at ASCPT 2008 Annual Meeting and Exposition

       POT, AGU, CF, TRA at BMO Capital Markets Global Fertilizer Conference

       TMNG at CTIA The Wireless Association

       CTIA WIRELESS 2008 Conference (Day 3 of 4)

       UL at Forrester Research Security Forum EMEA 2008 Transformation and Excellence In Security and Risk Management Conference.

 

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2008 U.S. Economic Events & Analysis

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Monday  Mar  31 
 
 

 
 

2-Year Note Settlement

5-Year Note Settlement


 
 
 
 

 
Motor Vehicle Sales
[Report]
 [Bullet] 

ICSC-UBS Store Sales
 [Bullet] 7:45 ET 

Redbook
 [Bullet] 8:55 ET 

ISM Mfg Index
[Consensus]
 [Star] 10:00 ET 

Construction Spending
[Report]
 [Bullet] 10:00 ET 

4-Week Bill Auction
[Bullet] 1:00 ET 

 
 
 
 

 
 
 

 
 

Weekly Bill Settlement

 
 
 
 

 
Employment Situation
[Consensus]
 [Star] 8:30 ET 

Treasury STRIPS
[Bullet] 3:00 ET 

 
Equity Settlement
04 -03 -2008
Equity Settlement
04 -04 -2008
Equity Settlement
04 -07 -2008
Equity Settlement
04 -08 -2008
Equity Settlement
04 -09 -2008
 

 

the market

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

 Economic Indicators

Top Ten Online Business Newspapers

     1. The New York Times
     2. USA Today (money)
     3. The Washington Post (business)
     4. Los Angels Times (business)
     5The Boston Globe (business)
     6Financial Times
     7Houston Chronicle (business)
     8The Seattle Times (business)
     9Chicago Tribune (business)
   10San Francisco Chronicle (business)