Milestone Financial Investments L.L.C.
- Stock averages end narrowly lower and in the lower end of the session's range, giving up the mixed trade carried into the final hour of the day. It's a third straight decline. Commodities end mixed as oil gives up early gains to drop 1% and coffee futures hit a 13-year high.
- Nasdaq-100 After-Hours Indicator Down 0.20 at 1808.11.
- Hewlett-Packard Co.'s (HPQ:$39.0400,$-0.8100,-2.03%) counterbid for 3Par Inc. (PAR:$26.0900,$8.0500,44.62%) could potentially spoil an important opportunity for rival Dell Inc. (DELL:$11.93,00$-0.14,00-1.16%) to improve a perennially weak spot: skinny margins.
- HSBC Holdings (HBC:$49.4400,$0.1400,0.28%) is in discussions to buy a controlling stake in Nedbank Group Ltd.
- (POT:$150.20) tells shareholders to reject BHP's $130/share hostile bid. BHP up 1.2%.
- Focus Media Holding Ltd. (FMCN:$18.54,00$0.43,002.37%) swung to a fiscal second-quarter profit on year-earlier write-down charges, as the Chinese digital-advertising company continued to benefit from a broad-based recovery of that region's ad market.
- Stock drifted in light evening volume at to just below the 18.60 line before pushing up to around 19 and just above. Resistance there dropped the issue back slightly to 18.60, an area that might serve as Tuesday's early launch point. A buy at that mark may set up as an attractive long entry point for pre-market trading though the thinly traded nature of this stock will invite extra volatility.
- 17.85 to 19.26
- KBR Inc. (KBR:$22.6800,$-0.3400,-1.48%) Inks Asian Development Bank Contract - Shares Up 1%.
- 22.68 to 22.97.
- Dean Foods Co. (DF:$10.0300,$-0.0600,-0.59%) has promoted Joseph Scalzo to president and chief operating officer, effective immediately.
- Starbucks (SBUX:$23.68,00$-0.37,00-1.54%) is flat in after-hours action after falling 1.5% early today, on news that Coffee Futures Hit 13-Year High - Food Stocks, Retailers Steady in After-Hours As Jump Largely Priced In.
- Shares of Lowe's (LOW:$20.2300,$-0.4100,-1.99%) are up in pre-market trading as the company is reportedly upgraded to Buy from Neutral at Goldman.
- Lowe's shares have a price target of $24 on company shares.
- Sunoco Logistics Partners LP (SXL:$76.5400,$0.6300,0.83%) has planned a public offering of up to 2 million of its common units as it seeks to repay debt, which could boost the number outstanding by 6.5%.
- 75.68 to 74.07
- Public Service Enterprises Group Inc's (PEG:$32.2000,$0.4700,1.48%)
- Education Management Corp (EDMC:$9.535,0$0.385,04.21%) crossed below its 52-week low of $9.01 on 10:37 AM ET on August 23, 2010.
