Bloomberg News

CA, Jaguar Mining, Multi-Fineline, PVH: U.S. Equity Preview

January 12, 2012

Jan. 12 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7:45 a.m. in New York.

CA Inc. (CA US): Hedge fund Taconic Capital Advisors LP said it acquired a 5.1 percent stake in the maker of software for mainframe computers, and is in talks with management to boost equity investors’ returns.

Chevron Corp. (CVX US) fell 1.2 percent to $106.49. The second-largest U.S. energy company said fourth-quarter profit was “significantly below” third-quarter results after maintenance work at a California refinery and the sale of a U.K. plant curbed fuel output.

EMC Corp. (EMC US) rose 2.4 percent to $22.61. The world’s biggest maker of storage computers was raised to“overweight” from “neutral” at JPMorgan Chase & Co.

Jaguar Mining Inc. (JAG US): The target of a takeover bid from China’s Shandong Gold Group Co. in November said “several” parties have entered into confidentiality agreements regarding a possible acquisition or merger.

Multi-Fineline Electronix Inc. (MFLX US): The maker of flexible circuit boards for mobile devices’ said it expects to report first-quarter sales of about $239 million, above the average analyst forecast of $219.8 million.

PVH Corp. (PVH US): The owner of the Tommy Hilfiger and Calvin Klein brands forecast full-year profit that missed some analysts’ estimates. Net income will be $5.90 to $6 a share for the fiscal year ending Feb. 3, 2013. Analysts projected $6, according to 15 estimates compiled by Bloomberg.

Wynn Resorts Ltd. (WYNN US) declined 5.3 percent to $106. The casino operator’s Vice Chairman Kazuo Okada sued the company for access to financial records in a dispute over the use of funds.

--With assistance from Nicholaj Gammeltoft in New York. Editor: Stephen Kleege

To contact the reporter on this story: Ksenia Galouchko in New York at

To contact the editor responsible for this story: Michael P. Regan at

The Aging of Abercrombie & Fitch
blog comments powered by Disqus