From Standard & Poor's Equity ResearchHewlett-Packard (HPQ
) Announces that Ann Baskins, general counsel, has resigned, effective immediately.
General Motors (GM
) Newswire reports that GM CEO Rick Wagoner told reporters at a Paris auto show that there could be further studies on an alliance with Renault and Nissan after an Oct 15. deadline set for talks to end.
) Saudi Arabian Basic Industries Corp. is to acquire Huntsman's European Base Chemicals & Polymers business for $700 million cash, subject to certain adjustments at closing. The deal allows Huntsman to reduce its UK pension liabilities by $126 million.
) Says the Food and Drug Administration has approved Vectibix following priority review. Vectibix is the first entirely human monoclonal antibody for treatment of patients with epidermal growth factor receptor expressing metastatic colorectal cancer.
) Posts $0.71 (including stock-based compensation expense) vs. $0.66 third quarter EPS on a 16% revenue rise. It sees 18%-20% fiscal year 2006 revenue growth and $2.18-$2.27 EPS (including stock-based compensation expense).
Pilgrim's Pride (PPC
) Notifies Gold Kist (GKIS
) that it intends to commence a tender offer to purchase all outstanding Gold Kist shares for $20 per share in cash.
Family Dollar Stores (FDO
) Posts $0.26 vs. $0.18 fourth quarter EPS on a 4.9% same-store sales rise and 10% total sales rise. It cuts a 3%-5% Sept. same-store sales growth forecast to 2%. It also sees $0.34-$0.38 first quarter EPS and $1.57-$1.69 in fiscal year 2007.