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Pastimes : Untitled Subject -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (53)	11/9/2008 7:35:22 PM
From: RockyBalboa	Respond to of 54

Centennial, MBIA, Rowan, Sotheby's, USG: U.S. Equity Preview Nov. 9 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:30 p.m. in New York on Nov. 7, unless otherwise specified. Standard & Poor's 500 Index futures expiring in December added 31.70, or 3.5 percent, to 936.20. Dow Jones Industrial Average futures gained 296, or 3.4 percent, to 8,996. Nasdaq-100 Index futures climbed 48, or 3.9 percent, to 1,288.50. American Electric Power Co. (AEP:US): The biggest U.S. producer of power from coal, reduced its forecast for 2009 profit because of pending rate cases in Ohio and the slowing economy. So-called ongoing earnings will be $3 to $3.40 a share next year, down from an October forecast of $3.20 to $3.50, the company said. American Electric Power stock rose $1.63, or 5.6 percent, to $30.87 on Nov. 7. Centennial Communications Corp. (CYCL:US) rose $4.43, or more than double, to $8.27 in extended trading. The Wall, New Jersey-based wireless company agreed to be bought by AT&T Inc. (T:US) for $944 million, or $8.50 a share in cash. DreamWorks Animation SKG Inc. (DWA:US): ``Madagascar: Escape 2 Africa,'' the sequel to the 2005 film about New York zoo animals, was the most popular movie at U.S. and Canadian theaters this weekend, collecting $63.5 million for DreamWorks and Viacom Inc.'s (VIA/B) Paramount Pictures. DreamWorks fell 38 cents to $26.36. MBIA Inc. (MBI:US) fell $1.88, or 24 percent, to $6.10 in extended trading. The company's bond insurance rating was cut two levels by Moody's Investors Service, because of disruptions in the industry and the potential for more mortgage-related losses. People's United Financial Inc. (PBCT:US): The bank holding company will replace Unisys Corp. (UIS:US) in the Standard & Poor's 500 Index, S&P said in a statement. People's United lost 0.8 percent to $16.65 in regular trading. Raymond James Financial Inc. (RJF:US): The brokerage and banking company may fall 20 percent as the economy cuts the value of its business loans and home mortgages, Barron's reported, citing Douglas Sipkin, an analyst at Wachovia Capital Markets. Raymond James rose 36 cents to $19.62. Rowan Cos. (RDC:US): The oil and natural-gas driller that builds its own rigs said it expects some customers will delay or cancel rig orders. The stock gained 4.4 percent to $18.80 in regular trading. Republic Bancorp Inc. (RBCAA:US): Shares of the banking company may fall 36 percent or more amid a smaller number of loans to poor people awaiting tax refunds, Barron's reported, without citing anyone. Republic Bancorp rose $1.40, or 6.3 percent, to $23.62. Sotheby's (BID:US): The largest publicly traded auction house said its third-quarter loss more than doubled to 71 cents a share because art sales fell in a seasonally slow period. The auction house was expected to report a loss of 22 cents, according to the mean estimate of analysts surveyed by Bloomberg. The stock rose 1 percent to $8.80 in regular trading. USG Corp. (USG:US): North America's largest maker of gypsum wallboard said it plans to cut 900 jobs, or 20 percent of its salaried positions, in response to ``continued adverse market conditions.'' The stock fell 1.1 percent to $14.23 in regular trading. To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net Last Updated: November 9, 2008 15:00 EST