Company/Estimate
- (PVH)/1.03
- (BE)/.02
Genworth Financial Inc. (GNW): The insurer divested by General Electric Co. announced a plan to buy back as much as $1 billion of its stock through 2009. Genworth shares gained $1.66, or 6.8 percent, to $26.24 on Nov. 30.
Safeway Inc. (SWY): The third-biggest U.S. grocery chain agreed to a four-year contract with a union representing more than 25,000 northern Californian employees, averting a threatened strike. The company's shares rose 39 cents to $34.80 on Nov. 30.
Tribune Co. (TRB) $1.21, or 3.9 percent, to $32.25. The Chicago-based publisher of the Los Angeles Times and Newsday won an exemption from U.S. media ownership rules that threatened its $8.2 billion buyout, allowing the sale to investors led by Sam Zell to conclude by year-end.
Western Union Co. (WU) climbed 90 cents, or 4 percent, to $23.50. The biggest U.S. money-transfer business is a good buy and may climb 20 percent or more on international transactions growth, Barron's reported, citing Timothy Call, a manager at Capital Management.
Watch D, MHS, WAT, DLB, MA for long breakouts.Watch KSS, HD, XL, TDW, STU for short breakdowns.
-MM
