Milestone Financial Investments L.L.C.
- US Stocks Move Higher As European Bank Woes Lessen.
- The Federal Reserve's Beige Book found mixed or decelerating conditions in five of 12 districts in August.
- "This isn't to punish folks who are better off--it's because we can't afford the $700 billion price tag," Obama is expected to say of tax cuts for the wealthy that are set to expire at the end of the year, according to a copy of his prepared remarks. Republicans want all the cuts extended, while Obama wants tax cuts only for Americans making less than $250,000.
- Nasdaq-100 After-Hours Indicator Down 0.23 at 1879.77.
- Oil Inventories Down 7.3 Mln Barrels.
- Younger chief executives with high testosterone levels may be more likely to try a hostile takeover -- and to get burned in the attempt, Canadian researchers said on Wednesday.
- Biopharmaceutical company Santarus Inc (SNTS:$2.22,00$0.02,000.91%) said it bought manufacturing rights for an approved diabetes drug for an upfront fee of $5 million.
- +9.9%, 2.19 to 2.44
- Questcor Pharmaceuticals (QCOR:$10.38,00$0.76,007.90%) declined in night trade after the FDA told the company the agency requires more time to review its drug application for a treatment of infantile spasms.
- Released from an after-hours halt and plummeted to its session low of 9.60. It spiked back up to 10.20 before settling in a negative range of 9.99 to 9.77 through much of its evening action.
- 9.70 to 9.80 range stood as a potential bottom support.
- On the short side, the 10 mark was not aggressively tested.
- Shanda Games Ltd. (GAME:$5.77,00$0.01,000.17%) saw a 16% drop in second-quarter profit on lower sales and margins, although the Chinese online-game developer said the results were in line with its expectations.
- Misses on Q2 Revenue, Earnings Ahead of Expectations - Stock up 2% in Evening Trade.
- 5.76 to 6.10.
- Shuffle Master (SHFL:$8.64,00$0.35,004.22%) fiscal third-quarter profit rose 4.1% on higher sales and margins, although expenses grew more than revenue did.
- Stock dipped -3.9% and established range of 8.69 to 8.30 during after hours trade.
- Men's Wearhouse (MW:$21.0000,$0.1100,0.53%) advanced in after-hours trade after beating Q2 expectations.
- Spiked to an early after-hours high of 21.94 before dropping back to hold a plus-side range of 21.05 to 21.40 through the bulk of its evening trade.
- +1.3% 20.74 to 21.94 in after hours.
- Drone-maker AeroVironment Inc (AVAV:$23.35,00$0.25,001.08%) posted narrower-than-expected quarterly loss, helped by growth at its unmanned aircraft systems and efficient energy systems segments, and backed fiscal 2011 revenue growth forecast.
- -1.5% 23.60 to 22.01 in ah's.
- Shares of Measurement Specialties (MEAS:$15.45,00$-0.06,00-0.39%) , whose shares have risen 55 percent over the past year, were trading up one percent at $15.61 in extended trade.
- A maker of sensor and sensor-based systems, said it acquired Pressure Systems Inc, a maker of pressure sensing and water monitoring equipment, for $25 million in cash, to enhance its presence in aerospace research and water monitoring industries.
- Costco Wholesale (COST:$59.21,00$0.57,000.97%) closed up 0.9% at 59.21, below the 1.35% gain to 59.43 recorded in the pre-market session after Goldman Sachs raised its rating on the stock to Buy from Neutral. The firm had a price target of $86, up from $62, on company shares.
- New York Times Co. (NYT:$8.3800,$0.6200,7.99%) shares rose 8% and options volume surged Wednesday on renewed speculation that Mexican billionaire Carlos Slim was either looking to buy or raise his stake in the media giant.
- Activist investor Carl Icahn bought more shares of Hain Celestial Group Inc. (HAIN:$24.40,00$0.39,001.62%) , boosting his stake in the company to about 14.2%.