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FRIDAY JUNE 27  2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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Standard & Poor's Announces Change to U.S. Index

S&P 500 + AKS - CFC Mon June 30

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TFX     HRLY     AKO/A

Economic
8:30 Personal Income (May): 0.4% cons.
8:30 Personal Spending (May): 0.7% cons.
8:30 PCE Core Inflation (May): 0.2% cons.

Personal Income and Outlays
[Consensus]
 [Star] 8:30 ET 
Consumer Sentiment
[Report]
 [Bullet] 10:00 ET 
Farm Prices
 [Bullet] 3:00 ET
TOP FINANCIAL NEWS
Shares hit as fears grow over financial turmoil
Dow Plunges to New 2008 Low

Fed Steps Would Bolster Banks
BUSINESS NEWS

InBev to go hostile as Anheuser rejects bid
After Hours Summary
PALM -4.4% on earnings; BUD +1.0% (Anheuser-Busch rejects InBev proposal as financially inadequate, Not in best interests of Shareholders)
Companies trading higher in after hours in reaction to earnings
 FINL +6.6%; DISK +5.7%; PAYX +3.0%; ACN +1.9%; CYAN +1.4%... 
 Companies trading down in reaction to earnings
 EGLS -4.8%; PALM -4.4%; TIBX -1.6%; MU -1.3%...  Companies trading higher in after hours in reaction to news: BDAY +52.6% (Liberty Media to acquire Celebrate Express); IPCM +15.3% (announces that it has signed a definitive agreement to acquire Hospitalists of America); ANDE +13.0% (raises FY08 EPS guidance above consensus); FMD +11.3% (GS Capital Partners has invested $59.8 mln for the co's preferred stocks and converted it into FMD common stock); GTN +4.3% (issues $75 mln of series D perpetual preferred stock); AKS +3.8% (AK Steel will replace Countrywide Financial in the S&P 500); BRL +3.4% (announces favorable ruling in Mirapex patent challenge); FISI +3.3% (announces $5 mln stock repurchase program); UST +2.4% (reaffirms FY08 EPS guidance); WY +1.4% (announces impairment charges); MDT +1.3% (Board elects Hawkins Chairman); BIDZ +1.2% (reaffirms Q2 and FY08 guidance); BUD +1.0% (Anheuser-Busch rejects InBev proposal as financially inadequate, Not in best interests of Shareholders)... Companies trading lower in reaction to news
 OPTR -9.1% (reports additional data on investigational compound OPT-80 at anaerobe 2008 Congress); HDSN -7.4% (files a $30 mln mixed securities shelf offering in an S-3); HRZB -5.1% (expects non-performing assets and charge-offs to increase; reactived search for a new CFO); ACLI -1.1% (files $200 mln mixed securities shelf offering in an S-3

Earnings

Before: AZZ, KBH, SCS

After:

Events

EPIX Cambridge Healthtech Institute Eighth Annual Structure-Based Drug Design Conf.

Ethical Company CSR Partnerships Summit

Information Management Network (IMN) Distressed Real Estate Investing Conf.

MORN Investment Conference (Day 3 of 3)

National Association of Publicly Traded Partnerships Annual Meeting (Day 3 of 3)

NCOC, SYMX at The McCloskey Group Coal USA Conf.

Terrapinn Asset Allocation Summit (Day 3 of 3)

Terrapinn ETF & Indexing Investments Conference (Day 3 of 3)

Terrapinn Trees & Money Americas Conference (Day 4 of 4)

The Armed Forces Communications and Electronics Association (AFCEA) Solutions Conf.

UBS Global Insurance Conf.

UST at JPMorgan Global Tobacco Conf.

The Wall Street Journal Home Page

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2008 U.S. Economic Events & Analysis

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Monday  Jun  23 
 
 

 
 

 
 
 
 

 
 
 
 

 
 
 
 

Weekly Bill Settlement

 
 
 
 

 
Personal Income and Outlays
[Consensus]
 [Star] 8:30 ET 

Consumer Sentiment
[Report]
 [Bullet] 10:00 ET 

Farm Prices
 [Bullet] 3:00 ET 

 
Equity Settlement
06 -26 -2008
Equity Settlement
06 -27 -2008
Equity Settlement
06 -30 -2008
Equity Settlement
07 -01 -2008
Equity Settlement
07 -02 -2008

 

the market

MARKET UPDATES

Advanced Sectors Sectoring by Industry Group

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)