Among the companies with shares expected to actively in
Tuesday's shortened session are Microsoft Corp. (MSFT), Chelsea
Therapeutics International Ltd. (CHTP) and Duke Energy Corp.
(DUK).
Chelsea Therapeutics International (CHTP) was notified by the
U.S. Food and Drug Administration that data from the drug maker's
continuing study of its Northera low-blood-pressure medication--the
drug developer's lead drug candidate--is unlikely to provide enough
evidence to support marketing approval for the treatment. Shares
were down 55% at 66 cents premarket.
Microsoft Corp. (MSFT) on Monday said it will record a $6.2
billion goodwill writedown in its online services division, to be
recorded in its fiscal fourth quarter. Shares were down 23 cents at
$30.33 premarket.
Duke Energy Corp. (DUK) said Progress Energy Inc.'s Bill
Johnson, who had been slated to be chief executive and president of
the combined company, resigned by mutual agreement and Jim Rogers
will assume the role as the merger between the two utilities
closed. Mr. Rogers, who originally served as Duke Energy's CEO, was
initially slated to be the executive chairman of Duke Energy after
the merger. Shares were down 1.7% at $68.68 premarket.
Nanosphere Inc. (NSPH) was upgraded by Jefferies to buy from
hold, as the analysts said the Food and Drug Administration's
recent approval of the company's test to detect certain bacteria
that can lead to life-threatening bloodstream infections removes
significan operational and financial overhangs on the stock. Shares
were up 7.9% at $2.72 premarket.
Watchlist:
Brookdale Senior Living Inc. (BKD) named Jeffrey R. Leeds as its
nonexecutive chairman, replacing Wesley R. Edens, who had been
chairman since the company was formed and will stay on the
board.
Standard & Poor's Ratings Services boosted CF Industries
Holdings Inc. (CF) into investment-grade territory, citing the
fertilizer producer's recent operating performance and
leverage-related metrics.
CME Group Inc. (CME) saw its trading volume fall last month amid
a steep decline in trading of interest-rate futures at the world's
largest futures market operator.
Corporate Executive Board Co. (EXBD) has agreed to acquire
privately held U.K.-based talent-testing company SHL for $660
million in cash as it seeks to expand its market.
Jaguar Mining Inc. (JAG, JAG.T) said Rogerio Fernandes, its
chief operating officer, will resign due to health reasons, adding
to a senior management shakeup at the Brazilian gold producer.
LCA-Vision Inc. (LCAV) said laser-vision-correction procedures
rose 2.4% during the second quarter as the economy shows signs of a
slow recovery.
Penson Worldwide Inc. (PNSN) named Vice Chairman Daniel P. Son
as interim chief executive, succeeding Philip A. Pendergraft, who
is retiring as CEO and as a board member.
SourceFire Inc. (FIRE) said its chief executive officer, John
Burris, has taken a medical leave of absence to undergo treatment
for colon cancer and said it expects second-quarter results to be
at the high end of or exceeding its expectations.
TranSwitch Corp. (TXCC) has named a new board chairman, and
unveiled a restructuring plan aimed at saving $8 million in
employee-related costs and other areas.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com