- Central European Distribution (CEDC:$22.49,00$0.76,003.50%) advanced in after-hours trade after announcing it will not pursue an acquisition of Nemiroff.
- Shares of Innospec Inc. (IOSP:$8.68,00$-0.63,00-6.77%) were up in after-hours trading after the company made comments on investigations by U.S. and U.K. government authorities into violations of the U.N. Oil for Food Program, the U.S. Foreign Corrupt Practices Act, the U.S. Foreign Assets Control Regulations and U.K. anti-bribery laws.
- Shares of Tier Technologies, Inc. (TIER:$5.92,00$-0.41,00-6.48%) were up in after-hours trading after the company announced it completed the sale of $31.3 million of auction rate security investments.
- WCA Waste Corp. (WCAA:$4.48,00$0.39,009.54%) shares fell 5% in after-hours trading after it announced an extension and expansion of its credit agreement. The agreement extends the expiration to Jan. 31, 2014, from July 5, 2011, and increases the commitments to $200 million from $175 million.
- Delta Air Lines (DAL:$11.10,00$0.07,000.63%) today received final approval from the U.S. Department of Transportation (DOT) to operate daily, year-round nonstop service between TokyoInternational Airport, also known as Haneda Airport, and Detroit and Los Angeles.
- Ambac Financial (ABK:$0.6600,$0.0185,2.88%) said late Tuesday that it had exchanged $11.8 million in debt for equity. As a part of the deal, Ambac issued 8.6 million common shares, bringing its total outstanding shares to 302 million. Since early June, Ambac has issued 13.64 million shares in exchange for $20.3 million in debt. Ambac has six months to increase its share price above $1 before risking delisting from the New York Stock Exchange.
- US Airways (LCC:$8.08,00$-0.11,00-1.34%) late Tuesday reported its traffic in June rose 2.9% to 5.59 billion revenue passenger miles from 5.43 billion revenue passenger miles in June 2009. A revenue passenger mile represents one passenger's being flown one mile. Capacity in June climbed 2.8% to 6.43 billion available seat miles from a year ago and load factor, or the percentage of available seats filled, inched up 0.1 percentage point to 86.9%.
- JA Solar Holdings Co. (JASO:$5.35,00$0.27,005.31%) agreed to acquire Shanghai Jinglong Solar Technology Co. for about $29.3 million.
- Dell Inc (DELL:$11.90,00$-0.13,00-1.08%) crossed below its 52-week low of $11.84 on 1:54 PM ET on July 06, 2010.
- Micron Technology Inc. (MU:$8.35,00$0.13,001.58%) advanced, but losses came from Advanced Micro Devices Inc. (AMD:$7.04,00$-0.13,00-1.81%) , Nvidia Corp. (NVDA:$10.14,00$-0.11,00-1.07%) and chip-equipment maker Applied Materials Inc. (AMAT:$11.78,00$-0.22,00-1.83%) .
- Dynavax (DVAX:$1.93,00$0.03,001.58%) spiked to an early after-hours high of 2.11, but the stock quickly retreated from that top, dropping from 1.98 to current levels at the flatline of 1.93.
- Penny stock: BNVI Co. commited to buy 15million shares. .35 cent currently.
Extended-Hours Earnings: FDO, KED, WDFC.
Economic Data: 10:30 a.m. Crude Inventories.
THURSDAY, July 8
Extended-Hours Earnings: SHLM, CAMP, HELE, ISCA, LWSN, NUHC, PENX, PRXI, GBX.
Economic Data: 8:30 a.m. Initial Claims; 3 p.m. Consumer Credit.
FRIDAY, July 9
Extended Hours Earnings: ROX.
Economic Data: 10 a.m. Wholesale Inventories.