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  WEDNESDAY SEPTEMBER 9  2009

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Economic
10:35 Crude Inventories: -372K prior
14:00 Fed’s Beige Book

TOP FINANCIAL NEWS

ABX Barrick Gold announces plan to eliminate gold hedges  (39.31 -0.74)
Co announces that it has entered into an agreement with a syndicate of underwriters for a bought deal public offering for gross proceeds of approximately $3.0 bln representing 81.2 mln common shares of Barrick at a price of $36.95 per share. Barrick intends to use $1.9 bln of the net proceeds to eliminate all of its fixed priced (non-participating) gold contracts within the next 12 months and approximately $1.0 bln to eliminate a portion of its floating spot price (fully participating) gold contracts (the "Floating Contracts"). A $5.6 bln charge to earnings will be recorded in the third quarter as a result of a change in accounting treatment for the contracts

Cemex to sell 1.2 billion shares to raise capital

 
BUSINESS NEWS

After Hours Summary
 VVUS +20.7% on plans to announce Qnexa results; PBY -5.9% on earnings

Companies trading higher in after hours in reaction to earnings
 CASY
+8.2%... 
Companies trading lower in after hours in reaction to earnings
 PBY -5.9%; AVAV -5.7%, ENTG -5.1%... 
Companies trading higher in after hours in reaction to news
: VVUS +20.7% (Co plans to announce the results from the EQUIP and CONQUER Qnexa phase 3 obesity clinical trials tomrrow prior to market open)... 
Companies trading lower in after hours in reaction to news
: CREE -4.4% (commenced an 11 mln share common stock secondary offering).

Earnings

Before: HITK, LRN, KFY, OHB, TLB, TITN, UNFI, ZLC

After: GCOM, MW, NAV, NCS, SHFL, SWHC, STEI

Events

TXN Mid-Quarter Update

GOOG Investor Webcast - Search and Monetization

IBM '09 Corporate Responsibility - Financial Analyst Webcast

BCON at Cleantech Forum Boston

KFT, TAP, KO, TSN, SJM at Barclays Capital Back-To-School Conf.

PXP, VLO, COP, XOM at Barclays Capital 2009 CEO Energy Conf.

DAN, TEN, CHRW, TRW at Credit Suisse Group Automotive & Transportation Conf.

A, CELG, ISIS, ALKS at Thomas Weisel Partners Healthcare Conf.

GNW, MET, ALL, UNM at Keefe, Bruyette & Woods Insurance Conf.

CBR, EQIX, SDXC, NETL at Kaufman Brothers Investor Conf.

TDW, GNK, GMR at Jefferies & Co. Shipping & Offshore Services Conf.

GTXI, EMAN, LCAV, CRIS at Robert W. Baird & Co., Inc. Health Care Conf.

AMD, QCOM, HPQ, CSCO at Citi Annual Global Technology Conf.

SBUX, JCP, SWY, TRLG at Goldman Sachs Retailing Conf.

VIP at Deutsche Bank Global Emerging Markets One-on-One Conf.

BNI, UNP, NSC, CSX at Dahlman Rose & Co Global Transportation Conf.

HUM Citi On-Site Visit with Investment Clients

OFC, AVB, HME at BMO Capital Markets North American Real Estate Conf.

TOMO at Citi Radiation Oncology Seminar

FAST, DMND at BB&T Capital Markets San Francisco 1-on-1 Conf.

CMCSA, T, DIS, TWX at Bank of America Securities Media, Communications & Entertainment Conference

FED: $20 bln 10-yr Treasury Bond Auction; Fed's Evans; Fed's Fisher; Fed's Beige Book

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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)
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