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  WEDNESDAY  MARCH 10  2010

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Economic
10:00 Wholesale Inventories (Jan.): 0.2% cons.
10:30 Crude Inventories: 4.03M prior
14:00 Treasury Budget (Feb.): -$2.10B cons.

TOP FINANCIAL NEWS

FACT  Facet Biotech: Abbott to acquire Facet for $27/cash  (16.21 -0.30)

ITMN  InterMune resumes trading at $38.50  (23.30 unch)

BUSINESS NEWS

After Hours Summary
NAV -7.6% on earnings/guidance; FACT +67.0% (ABT to acquire co for $27/cash), ITMN +64.8% (positive drug news)
Companies trading higher in after hours in reaction to earnings
 EXLS +8.1%, AONE +1.5%... 
Companies trading lower in after hours in reaction to earnings
: NAV -7.6%, NCS -2.4%... 
Companies trading higher in after hours in reaction to news
FACT +67.0% (Abbott to acquire Facet for $27/cash), ITMN +64.8% (confirms that FDA advisory committee recommends approval with 9-3 vote of InterMune's Esbriet (pirfenidone) for idiopathic pulmonary fibrosis), AEO +6.3% (announces plans to close its MARTIN+OSA concept), AGN +2.7% (FDA confirms approval of Botox to treat spasticity in flexor muscles of the elbow, wrist and fingers), HBAN +1.8% (reaffirms 2010 guidance in 8-K; says co expects to report a return to profitable quarterly performance at some time in 2010. Co says this would be earlier than most analysts expect)...  
Companies trading lower in after hours in reaction to news
: EQT -5.5% (raises its 2010 production sales growth guidance from 20% to 26%; announces common stock offering), AGO -2.5% (commences secondary public offering on behalf of Dexia SA

Earnings

Before: AEO, BONT, BF/B, CAS, CRZO, PLCE, CWEI, CPIX, ESLT, ELMG, FSIN, GSI, HRBN, HWK, HITK, NWPX, QLTI, SOL, TRK, RMIX, MTN

After: AFCE, AACC, BLDP, CTAS, CLNE, CLD, CIE, DAC, FCEL, GYMB, HIL, HOTT, IDSY, IPAR, JAS, MW, MBLX, VITA, PRSC, SMTC, STAN, TTGT, TCAP, WES

Events

LNC, COF, ZION, BK at Citi Financial Services Conf.
CSCO, NETL, RVBD, NVDA at Wedbush Morgan Securities New York MAC: Management Access Conf.
RGS, JACK, PETM, AZO at Bank of America Merrill Lynch Consumer Conf.

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