Shares of the following companies may
have unusual moves in U.S. trading on Feb. 7. Stock symbols are
in parentheses, and prices are as of 4:45 p.m. in New York.
Standard & Poor’s 500 Index futures expiring in March
climbed 0.3 percent to 1,307.20.
American Apparel Inc. (APP US) declined 2.7 percent to
$1.09. The operator of more than 280 clothing stores said John
Luttrell will become chief financial officer on Feb. 7.
Bank of America Corp. (BAC US): The biggest U.S. lender by
assets said it created a unit to modify delinquent mortgages,
handle foreclosures and resolve investor disputes over faulty
loans originated by the company. The unit will be led by Terry
Laughlin, according to the statement.
Bemis Co. (BMS US) lost 1.9 percent to $32.07. The maker of
packaging products and pressure-sensitive materials boosted its
quarterly dividend to 24 cents from 23 cents.
Broadcom Corp. (BRCM US) slipped 0.3 percent to $45.66. The
biggest maker of chips for television set-top boxes said it paid
Morgan Stanley $300 million under an accelerated share buyback
agreement.
Terremark Worldwide Inc. (TMRK US) advanced 0.1 percent to
$18.97. The operator of data centers that provide security and
recovery services for electronic information as well as storage
and cloud computing said third-quarter sales beat estimates by
3.8 percent, according to data compiled by Bloomberg. The
company also raised its 2011 sales forecast to $352 million to
$355 million, compared with the average analyst projection for
$352.56 million.
To contact the reporter on this story:
Whitney Kisling in New York at
wkisling@bloomberg.net.
To contact the editor responsible for this story:
Nick Baker at nbaker7@bloomberg.net.
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