- (CPB)/.18
- (CAE)/1.05
- (COO)/.70
- (FLE)/-.08
- (HOV)/-1.00
- (JTX)/-.46
- (KWD)/.34
- (KFY)/.36
- (MOV)/.42
- (NSM)/.25
- (ZQK)/.02
- (PAY)/.40
CSK Auto Corp. (CAO) The car parts retailer will close 40 stores next year and fire 160 workers as part of a restructuring that will have pretax savings of roughly $7.6 million in fiscal 2007 and $34 million in fiscal 2008. CSK also expects to open 48 new stores this year, down from an earlier estimate of 64 stores. CSK shares declined 62 cents, or 4.8 percent, to $12.31 in regular trading yesterday.
Countrywide Financial Corp. (CFC) dropped 21 cents, 1.1 percent, to $18.60 in trading before U.S. exchanges opened. The home lender said it cut 900 jobs mostly in its mortgage- production divisions.
Infineon Technologies American depositary receipts (IFX) rose 57 cents, or 3.6 percent, to $16.38 in trading before U.S. exchanges opened. Dresdner Kleinwort lifted its recommendation on Europe's second-largest maker of semiconductors to ``buy'' from ``reduce.'' ``We see it becoming a wireless semiconductor market leader alongside'' Texas Instruments Inc. (TXN) and Qualcomm Inc. (QCOM), analysts including Janardan Menon in London wrote in a note to investors.J.C. Penney Co. (JCP) The third-biggest U.S. department store company said September sales at stores open more than a year may rise in the ``low-single digits'' on a percentage basis, following a 4 percent decline in August. J.C. Penney shares dropped $1.64, or 2.4 percent, to $65.58 in regular trading yesterday.
J. Crew Group Inc. (JCG) lost $3.52, or 7.1 percent, to $46.18 in trading before U.S. exchanges opened. The retailer said sales climbed 13 percent to $304.7 million in the second quarter. That trailed the $308.6 million forecast of nine analysts.
MarkWest Hydrocarbon Inc. (MWP) The natural gas provider will be acquired by its partial subsidiary MarkWest Energy Partners LP (MWE) for about $734 million. MarkWest Hydrocarbon shareholders will receive 15.4 million common units of MarkWest Energy and $240 million in cash. MarkWest Hydrocarbon gained 33 cents to $50.06 in regular trading yesterday. MarkWest Energy declined 7 cents to $32 in regular trading yesterday.Rio Tinto Group American depositary receipts (RTP) rose $6.34, or 2.2 percent, to $292.15 in trading before U.S. exchanges opened. The world's third-largest mining company gained on speculation rivals BHP Billiton Ltd. and Cia. Vale do Rio Doce may make a joint bid. BHP American depositary receipts (BHP) gained 46 cents, or 0.7 percent, to $63.25 in trading before U.S. exchanges opened. Vale ADRs (RIO) rose 41 cents, or 0.8 percent, to $50.55.
Wal-Mart Stores Inc. (WMT) rose 95 cents, or 2.2 percent, to $43.40 in trading before U.S. exchanges opened. The world's largest retailer said August same-store sales rose 3.1 percent as customers stocked up on backpacks and other supplies for the school year. Wal-Mart had predicted a gain of 1 percent to 2 percent.
Watch CAF, EJ, CMG for long breakouts.
Watch BBY, DHI, ARO for short breakdowns.
-MM
