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  THURSDAY  APRIL 8  2010

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08:30 Initial Claims: 433K cons.
08:30 Continuing Claims: 4650 cons.

TOP FINANCIAL NEWS

Standard & Poor’s announces changes to U.S. Indices
S&P SmallCap 600 constituent NewMarket (NEU) will replace 3Com Corp (COMS) in the S&P MidCap 400 index, and Dolan Media (DM) will replace NewMarket in the S&P SmallCap 600 index after the close of trading on Monday, April 12. 3Com is being acquired by S&P 100 & 500 constituent Hewlett-Packard (HPQ) in a deal expected to be completed on or about that date, pending final approvals

BUSINESS NEWS

United Airlines, US Airways in merger talks: NYT

After Hours Summary
 LCC +27.7% and UAUA +7.9% (United and US Airways Said to Be in Merger Talks - NY Times); BBBY +3.4% on Earnings/Guidance
Companies trading higher in after hours in reaction to earnings
 BBBY +3.4%, MDRX +2.7%... 
Companies trading lower in after hours in reaction to
earnings
: LWSN -2.3%... 
Companies trading higher in after hours in reaction to news: LCC +27.7% (United and US Airways Said to Be in Merger Talks - NY Times), UAUA +7.9% (United and US Airways Said to Be in Merger Talks - NY Times; UAUA reports March 2010 operational performance), HUSA +4.6% (addresses stock trading volume and price; "attributable to an internet posting questioning the valuation of the company's holdings")... 
Companies trading lower in after hours in reaction to news
: CML -15.4% (sees Q1 revs of $31.5-32 mln vs $36.37 mln Thomson Reuters consensus), FRX -8.7% (US FDA Panel says data do not support approval of Forest, Nycomed lung drug Daxas for COPD maintenance -- Reuters), PNW -1.3% (commenced a public offering of 6 mln shares of its common stock), CDE -0.5% (Coeur d'Alene Mines provides update on its three new mines).

Earnings

Before: FUQI, ISCA, MTRX, PIR, PSMT, RPM

After: MG, SMSC, NCTY

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