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WEDNESDAY NOVEMBER 12 2008 CLICK     HERE TO SEE ECONOMIC         CALENDAR BELOW

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General Growth Properties Inc. (GGP) will be removed from the S&P 500 after the close of trading on Wednesday, November 12.  S&P MidCap 400 constituent Cephalon (CEPH) will be added to the S&P 500, and Mariner Energy (ME) will replace Cephalon in the S&P MidCap 400, after the close of trading on Friday, November 14.

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TOP FINANCIAL NEWS

Merrill chief sees severe global slowdown
Thain compares situation with 1929

BUSINESS NEWS

After Hours Summary
 PBR +1.4% on earnings; AKS -3.4% (temporarily idles certain operations until early-to mid-January)

Companies trading higher in after hours in reaction to earnings
 OCNF +13.4%; CNQR +11.9%; MELI +7.5%; PBR +1.4%...  Companies trading lower in after hours in reaction to earnings
 NTY -16.5%; IPI -12.7%; BOBE -10.0%... 
Companies trading higher in after hours in reaction to news
: ME +5.1% (Mariner Energy (ME) will replace Cephalon in the S&P MidCap 400); CEPH +4.0% (Cephalon (CEPH) will be added to the S&P 500); NRG +0.9% (Exelon to launch exchange offer for NRG Energy)... 
Companies trading lower in after hours in reaction to news
: AKS -3.4% (temporarily idles certain operations until early-to mid-January); PRU -2.2% (declares annual dividend of $0.58 on common stock; represents a 50% decrease from 2007).

Earnings

Before: ACM, FLY, CSIQ, DSX, DPS, GMCR, HQS, IGLD, JASO, M, TYPE, NSSC, NICE, ORCT, SMA, NGLS, TRI

After: JOBS, ARAY, ANW, AFCE, APEI, AMAT, CALL, CHIC, CSC, CROX, ESE, GA, LVS, NTES, NTAP, SINA, TTEK

Events

AVCT Analyst Day

ACN Investor and Analyst Conf.

STR Semi-Annual Equity Analyst Meeting

RFMD 4th Annual Analyst Meeting

CMI Analyst Day - Components Segment

HAS Analyst Meeting

BBX to Host Investor Luncheon Meeting

NKTR Analyst Meeting

AB, KEY, TCB, AMTD, BEN, HCBK, ASBC at Merrill Lynch Banking & Financial Services Conf.

CMKG, NGEN, BLD, ICOP, TBUS at Paulson Investment's 31st Annual Westergaard Conf.

MAS, HOV, BDK, TOL, LEG, MHK, PHM at UBS Building and Building Products Sixth Annual CEO Conf.

BPAX, CBMX, CYTK, DYAX, ADL at Rodman & Renshaw Annual Global Investment Conf.

WERN, ITT, TWIN, ABFS, AME at Robert W. Baird & Co Industrial Conf.

DGX, RECN, WPI, BAX, MOH, CELG at Credit Suisse Group Healthcare Conf

BA at Merrill Lynch Defense Outlook Forum

 

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Equity Settlement
11 -14 -2008
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11 -14 -2008
Equity Settlement
11 -17 -2008
Equity Settlement
11 -18 -2008
Equity Settlement
11 -19 -2008

 

 

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