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    TUESDAY DECEMBER 21  2010

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TOP FINANCIAL NEWS

Wall Street edges higher on energy and financial shares

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After Hours Summary
 ABDE +5.3%, JBL +4.1%

Following Earnings

 LCRD +39.3% (LaserCard to be acquired by ASSA ABLOY for $6.25/share

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings

ADBE +5.3%, JBL +4.1%, PAYX +1.0%.

Companies trading higher in after hours in reaction to news

 LCRD +39.3% (LaserCard to be acquired by ASSA ABLOY for $6.25/share), INCY +3.8% (announces positive top-line results from COMFORT-I Pivotal Phase III Trial of INCB18424; trial meets primary and key secondary endpoints), MYGN +3.7% (announced the launch of PANEXIA, a predictive medicine product for hereditary pancreatic and related cancers), DANG +1.0% (Dangdang: SAC Capital discloses 0.8% stake in 13G filing; postition filed to report SAC ceased to own 5% or greater of DANG).

After Hours Losers:

Companies trading lower in after hours in reaction to earnings

 DRI -3.2%.

Companies trading lower in after hours in reaction to news

 FNSR -3.5% (agrees to sell 3,600,000 shares of its common stock in an underwritten public offering

Earnings

Before: KMX, CCL, CMC, CAG

After: CTAS, FINL, FSII, HOV, NAV, NKE, PRGS, RHT, NCTY, TIBX

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US Holiday: Christmas Day Observed

All Markets Closed, Banks Open
 
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12-29-10
 

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 By Paul Cherney

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