Among companies with shares expected to actively trade in
Monday's session is Brown & Brown Inc. (BRO).
Brown & Brown's fourth-quarter earnings rose 17% as the
insurance agency and brokerage firm continued to report top-line
growth from commissions and fees. Shares were up 1.9% to $28 in
after-hours trading as results beat analyst expectations.
Watchlist:
Standard & Poor's downgraded its rating on NII Holdings Inc.
(NIHD) one notch further into speculative territory, noting the
wireless carrier's credit measures have deteriorated from factors
including a delay in deploying 3G networks in its markets,
primarily Brazil.
Moody's Investors Service placed its rating on Scientific Games
Corp. (SGMS) on review for a possible downgrade, noting the
company's plans to buy gaming-machine maker WMS Industries Inc.
(WMS) for $1.5 billion will increase its leverage.
Wet Seal Inc. (WTSLA) unveiled a series of cost-reduction
efforts, including the elimination of the chief operating officer
position, that will save the teen-clothing retailer about $5.5
million this year.
Yahoo Inc.'s (YHOO) biggest shareholder has sold 11 million
shares, as it seeks to maintain a consistent percentage holding in
the Internet firm amid Yahoo's aggressive stock buyback
program.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires