5:01PM Syniverse terminates shareholder rights plan (SVR) 22.33 -0.23 :  

5:00PM Boyd Gaming discontinues efforts to acquire station casinos assets (BYD) 8.46 -0.08 :  

4:42PM Silvercorp Files Preliminary Base Shelf Prospectus (SVM) 6.56 +0.24 : Co has filed a preliminary short form base shelf prospectus with the S.E.C. in each of the provinces of Canada, except Quebec. These filings, when made final, will allow the Co to make offerings including debt securities, common shares, warrants to purchase Common Shares and warrants to purchase Debt Securities.

4:39PM Teva announces agreement with Competition Bureau of Canada regarding proposed merger with Ratiopharm (TEVA) 48.85 +1.68 : Co announced that the Competition Bureau in Canada has reached an agreement with Teva Canada Limited and the Merckle Group, carrying on business as ratiopharm, stating that they will not challenge the transaction and the Companies are free to close without competition-related risk.

4:35PM First Franklin reported Q2 EPS ($0.33) vs. $0.01 in the prior year's quarter (FFHS) 7.47 -1.99 :  

4:34PM Dynavax Technologies reports Q2 (DVAX) 2.21 : Reports Q2 (Jun) ($0.34), $0.21 worse than the Thomson Reuters dual-analyst est of ($0.13); revenues fell 86% year/year to $2.2 mln vs the $3.4 mln dual-analyst est.

4:30PM ICO Global announced that it received an unfavorable ruling in the judicial review proceedings that it initiated against Ofcom, the British telecommunications regulatory authority (ICOG) 1.90 -0.01 :  

4:22PM Camco Financial appoints Brundrett as Chief Financial Officer (CAFI) 2.10 +0.03 : CAFI, parent co of Advantage Bank has announced that James C. Brundrett has been appointed to the position of Senior Vice President, Chief Financial Officer and Treasurer for Camco and Advantage Bank. James E. Huston, President and CEO of Camco and Advantage Bank made the announcement.

4:15PM CN announces plan to buy back shares through private agreements (CNI) 62.99 +0.27 : Co announced that it intends to purchase for cancellation up to two million of its common shares pursuant to private agreements between CN and an arm's-length third-party seller. The purchases will form part of CN's 15-million share repurchase program announced on Jan. 26, 2010.

3:46PM Events and Conferences of Interest Next Week : Some notable events scheduled for the week of August 2 - August 6 are listed below. For a complete list of next week's events please see the events calendar.

Monday:
$30 bln 3 and 6-month Treasury Bills Auctions

Tuesday:
NATI Investor Conference
TSPT, CELG, ABT, HUM at Wedbush Morgan Securities Life Sciences Best Ideas MAC: Management Access Conference

Wednesday:
AXP Semi-Annual Financial Community Meeting

Thursday:
RF Analyst Meeting CELG, ZMH, MRK, WLP at BMO Capital Markets Focus on Healthcare Conference

Friday:
None

3:40PM Earnings Preview for the week of Aug 2nd-6th: : Of the hundreds of companies reporting earnings the week of Aug 2nd-6th some of the bigger names include:

Monday: AB, HUM, L, MNTA, OSK, DVA, ESLR, HLF, INSP, VITA, ROG, TXRH, VRSN and VMC.

Tuesday: ACOR, ADM, BHI, BYD, BPI, CTSH, DF, DOW, FDP, HW, MRO, MA, TAP, MGM, OMX, PG, SOLF, WLK, ACAS, APC, AVB, SAM, FRPT, HTZ, LEAP, PCLN, NVTL, WBMD, WFMI, and WMS.

Wednesday: AGU, ANR, ASCA, AOL, GRMN, ICE, LL, PCG, PHM, Q, TWX, UMC, ALL, CELL, CECO, CLWR, CNW, DIVX, GDP, SOLR, HNSN, IPI, MELI, MUR, PRU, SINA, RIG, and WCAA.

Thursday: ACM, BECN, CVC, CBOE, CTB, DSX, DTV, FWLT, FTO, GNA, HOC, LAMR, LZ, PCS, PKD, PLA, PXP, TWC, USM, VIA.B, WWE, ATVI, NILE, CLMS, COGO, DEPO, BAGL, HANS, KFT, LYV, MFLX, RMD, RST, SGMS, SQNM, YSI, and WTW.

Friday: BRNC, CSUN, JRCC, LMIA, POM, and WCRX.

3:40PM Global & sector ETF money flows- Ag/Grain complex (JJG, DBA) leads all sectors heading towards the closing bell with Silver (SLV) remaining strong throughout the day; Solar Power (TAN) lags all session (JJG) : The Actively Traded Leading Global & Sector ETFs:
ag/grain complex- JJG +3.0%, DBA +1.50%, silver- SLV +2.50%, biotechnology- IBB +2.0%, XBI +1.50%, BBH +1.25%, gold miners & junior gold miners- GDX +1.50%, GDXJ +2.0%, commods. index- DJP +1.75%, DBA +1.50%, GSG +1.25%, natural gas- UNG +1.75%, iShares Malaysia- EWM +1.75%, ag/chem complex- MOO +1.75%, US bonds & fixed income- TLT +1.50%, base metals- DBB +1.50%

The Actively Traded Lagging Global & Sector ETFs:
solar power- TAN -3.25%, wind energy- FAN -1.50%, iShares Spain- EWP -1.25%, VIX vol index- VXX -1.0%, clean energy- PBW -0.75%, computer networking- IGN -0.75%, semis- IGW -0.75%, SMH -0.50%, XSD -0.50%, Russia- RSX -0.50%, iShares Japan- EWJ -0.75%, iShares US broker/dealers- IAI -0.25%, capital mkts- KCE -0.25%

3:27PM Dow +28 joins S&P +4.7 and Nasdaq +12 at minor new afternoon/session high (DIA) :  

3:15PM Stock indices extend afternoon bounce attempt, Nasdaq +4.5 near morning peak, S&P +0.5 within 2 points, Dow -9.4 is lagging (SPY) :  

2:58PM NASDAQ 100 (NDX) strength & weakness- Internet Commerce (EXPE) name continues to lead all percentage gainers in the index heading into the final hour of trading for July; Solar (FSLR) name remains weak (EXPE) : NDX 10 Best % Performers:
EXPE, WCRX, SHLD, VRTX, TEVA, RIMM, BIDU, CELG, KLAC, XRAY

NDX 10 Worst % Performers:
FSLR, MXIM, CTXS, LOGI, QCOM, APOL, INTC, BRCM, LRCX, MSFT

NASDAQ A/D +185
NASDAQ TRIN +1.35

2:56PM Dow 30 (INDU) strength & weakness- Aluminum names (AA) leads all percentage gainers in the industrials heading into the final hour of trading for July (AA) : INDU 5 Best % Performers:
AA, BA, HD, VZ, MCD

INDU 5 Worst % Performers:
MRK, INTC, MSFT, MMM, HPQ

NYSE A/D +175
NYSE TRIN +1.30

2:46PM Nokia jumps higher intraday on volume vacillating near its previous July peak at 9.48 (NOK) 9.50 +0.28 :  

2:39PM CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices (COMDX) : December corn closed 12.25 cents higher at $4.06 per bushel, November soybeans closed higher by 19 cents at $10.07 per bushel, Sept wheat closed 30.5 cents higher at $6.58 per bushel, Aug ethanol closed $0.039 higher at $1.705, October world sugar futures closed 0.07cents higher to 19.57 cents.

2:35PM NYMEX Energy Closing Prices (COMDX) : Sept crude oil settled higher by $0.69 to $79.05, Sept natural gas gained 9.6 cents to finish at $4.923, Aug RBOB gasoline closed up 2.14 cents to $2.1224 and Aug heating oil gained 1.85 cents to end at $2.0881.

2:31PM Perrigo confirms filing for generic version of Gynazole-1 cream and announcement of patent infringement lawsuit by KV Pharma (KV.A) (PRGO) 55.58 +0.29 : Co announced that it has filed with the FDA an Abbreviated New Drug Application (ANDA) for butoconazole nitrate vaginal cream, 2% and that is has notified KV Pharmaceutical Company, the owner of the New Drug Application (NDA) as well as FemmePharma, the listed owner of the patent, of its ANDA filing, KV is a licensee under the patent. On July 29, 2010, KV Pharmaceutical Company filed suit in the United States District Court for the District of Delaware, alleging patent infringement to prevent Perrigo from proceeding with the commercialization of this product, which initiates the process under the Hatch-Waxman Act.

2:25PM Relative Sector Strength as stock indices stage afternoon bounce attempt -- Dow -25, S&P -1.6, Nasdaq -0.2 (TECHX) : Sectors that are outperforming the S&P on this move include: Housing XHB, Retail XRT, Finance XLF / RKH, Semi SMH, Materials, Airline/Transports FAA / IYT, Silver SLV, REITs IYR, Coal KOL.

2:21PM Geoglobal Resources accepted the resignation, effective Aug 17, of Jean Paul Roy as President and CEO and appointed Paul B. Miller to serve as his replacement (GGR) 1.02 -0.05 :  

2:20PM S&P 500 -2.3 holds near intraday support and lifts higher in recent action (SPY) : Noted in the 11:52 update that would watch the retracements of early rally off 1088/1086 support for a read on the potential for another leg to the upside.  It held at the 62% level in recent action and has rotated higher (Click for updated chart).

2:01PM Zygo announces the pending departure of Walter A. Shephard, CFO (ZIGO) 8.25 +0.06 : Co announced that Walter A. Shephard, Vice President Finance, CFO and Treasurer, has made the personal decision to step down from his positions with the company after serving for over six years. Zygo has initiated a search for Mr. Shephard's successor, and Mr. Shephard has agreed to remain in his current roles with Zygo through August to assist in an orderly transition.

1:55PM Vornado Rlty Trust announces 26.2% equity investment in LNR Property Corporation (VNO) 82.26 -0.17 : Co announced, as part of LNR Property recapitalization, it has acquired a 26.2% equity interest in for a new investment of $116 mln in cash and conversion into equity of its $15 mln mezzanine loan (current carrying amount) made to LNR's parent. The recapitalization involved an infusion of a total of $417 mln in new cash equity and the reduction of LNR's total debt to $425 mln from $1.3 bln. The other equity participants include affiliates of iStar Financial (SFI), Cerberus Capital Management and Oaktree Capital Management.

1:55PM Aetna authorizes additional $1 bln share repurchases (AET) 27.69 +0.21 :  

1:42PM COMEX Metals Closing Prices (COMDX) : Aug gold settled higher by $13.80 to $1182.20, Sept silver rallied for 49.3 cents to finish at $18.11, and Sept copper gained 2.15 cents to close at $3.3115.

1:31PM DuPont confirms European Union approves maize with Herculex I/Herculex RW products (DD) 40.53 +0.02 : The European Commission announced that it has granted import, food, feed and processing approvals for biotechnology maize products jointly developed by DuPont business Pioneer Hi-Bred and Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (DOW). Maize products containing the Herculex I insect protection and the Herculex RW trait stack and maize products containing the Herculex RW, Herculex I and Roundup Ready Corn 2 trait stack now are permitted for import into the European Union.

1:31PM Donaldson increased the quarterly common stock cash dividend to $0.125, up from $0.12 (DCI) 47.10 0.00 :  

1:30PM Caterpillar continues expansion of mining operations; announces new facility in North Carolina (CAT) 69.56 +0.16 : Co is announcing the construction of a manufacturing and assembly facility in Winston-Salem, North Carolina, that will provide increased capacity for the company's expanding global mining operations. The company plans to construct an approximately 850,000 sq. ft smanufacturing facility for the machining, assembly, test and painting of axle assemblies for large mining machines. Construction is expected to begin in early 11/2010, with production at the facility beginning in 1Q10.

1:28PM American Water increased cash dividend to $0.22 per share from $0.21 per share (AWK) 21.15 -0.10 :  

1:13PM Noble Corp board schedules previously approved regular and special capital reduction payments to shareholders totaling CHF 0.69 per share (NE) 32.06 +0.02 : Co reported that its Board has set the record and payment dates for two payments to shareholders in the form of a regular and special capital reduction. The ex-dividend date for the payment of this first installment of the regular capital reduction and the special capital reduction is expected to be August 5, 2010.

12:54PM Geron percentage leader tests/pauses near its 200 sma at 5.62 -- session high 5.64 (GERN) 5.56 +0.76 : The stock is up substantially after stating that they will proceed with first human clinical trial of embryonic stem cell-based therapy. The recent upside extension has tested/paused near its 200 sma which also lines up with a trendline off the March/May highs.

12:50PM Crude, silver tick to fresh highs (COMDX) : Gold now up $12 to $1180.40; silver higher by 45.3 cents to $18.07.

12:40PM Global & sector ETF money flows- Silver (SLV) leads all sectors & commodities here @ midday; Solar Power (TAN) continues to remain weak (SLV) : The Actively Traded Leading Global & Sector ETFs:
silver- SLV +2.50%, ag/grain complex- JJG +1.75%, DBA +1.25%, biotechnology- IBB +1.50%, XBI +1.25%, BBH +0.75%, iShares Malaysia- EWM +1.50%, US bonds & fixed income- TLT +1.25%, TLH +1.0%, base metals- DBB +1.25%, China small-cap- HAO +1.0%, ag/chem complex- MOO +1.0%, gold miners & junior gold miners- GDX +0.75%, GDXJ +1.25%, iShares Brazil- EWZ +0.75%, gold- GLD +0.75%, IAU +0.75%

The Actively Traded Lagging Global & Sector ETFs:
solar power- TAN -3.25%, iShares Spain- EWP -1.50%, wind energy- FAN -1.50%, semis- IGW -1.0%, SMH -0.75%, XSD -0.75%, Russia- RSX -1.0%, computer networking- IGN -1.0%, insurers- KIE -0.75%, iShares Japan- EWJ -0.75%, SPDRS utilities- XLU -0.75%, iShares Italy- EWI -0.75%, pharma HLDRS- PPH -0.50%

12:29PM NASDAQ 100 (NDX) strength & weakness- Internet Commerce name (EXPE) now leads all percentage gainers in the index here @ midday; Solar name (FSLR) remains weak (EXPE) : NDX 10 Best % Performers:
EXPE, WCRX, SHLD, XRAY, RIMM, TEVA, VRTX, KLAC, BIDU, QGEN

NDX 10 Worst % Performers:
FSLR, MXIM, CTXS, LOGI, QCOM, WYNN, APOL, BIIB, GRMN, BRCM

NASDAQ A/D +395
NASDAQ TRIN +1.40

12:27PM 10-Yr Treasury Yield -TNX- back hovering near July/52-wk lows (TECHX) : The early week rally in the TNX has reversed leaving it back near its July/52-wk lows at 2.89/2.88 (session low 2.90) -- Click for chart. The shorter maturity five year yield (FVX) has established a new 52-wk low today.

12:27PM Dow 30 (INDU) strength & weakness- Mixed leaderboard here @ midday with Aerospace name (BA) now leading all percentage gainers in the industrials (BA) : INDU 5 Best % Performers:
BA, BAC, VZ, HD, CAT

INDU 5 Worst % Performers:
MRK, MSFT, INTC, PFE, CVX

NYSE A/D +320
NYSE TRIN +1.25

12:06PM European Markets Closing Prices : European markets are now closed; stock markets across Europe performed as follows:

• UK's FTSE: -1.1%
• Germany's DAX: +0.2%
• France's CAC: -0.2%
• Spain's IBEX: -1.5%  
• Portugal's PSI: -0.5%

11:54AM Herley Industries gets $2.3 mln in international bookings (HRLY) 15.44 +0.10 : Co announced today it has recently received contracts totaling approximately $2.3mln for microwave switch assemblies and integrated microwave assemblies for international customers.

11:52AM S&P -0.8 off high but limited dip (SPY) : A constructive pattern on the morning bounce, watching the retracements of this push for a read on the potential for another leg to the upside (Click for 5 min chart, daily chart).

11:26AM Some slippage off rebound highs in recent trade with the stock indices back in the red -- Dow -12, S&P -2.1, Nasdaq -1.7 (SPY) :  

10:47AM Relative Sector Strength (TECHX) : The indices have extended their rebounds into positive territory (Dow +21, S&P +1.9, Nasdaq +4.6) with sector leadership on this move (outperforming the S&P) noted in Housing XHB, Retail XRT, Biotech IBB, Consumer Discretionary XLY, Semi SMH, Networking , REITs IYR, Disk Drive, Silver SLV, Coal KOL, Steel SLX.

10:43AM Major indices join small cap index in positive territory -- Dow +11, S&P +0.8, Nasdaq +2.4 (SPY) :  

10:40AM Global & sector ETF money flows- Silver (SLV) leads all sectors through today's 1st hour of trade; Solar Power (TAN) displays sector weakness (SLV) : The Actively Traded Leading Global & Sector ETFs:
silver- SLV +1.75%, US bonds & fixed income- TLT +1.50%, TLH +0.75%, iShares Malaysia- EWM +1.25%, base metals- DBB +1.0%, gold miners & junior gold miners- GDX +0.75%, GDXJ +1.0%, ag/grain complex- JJG +1.0%, DBA +0.75%, ag/chem complex- MOO +1.0%, homebuilders & home construction- XHB +0.75%, ITB +1.0%, REITS & real estate- ICF +0.75%, VNQ +0.50%, IYR +0.50%

The Actively Traded Lagging Global & Sector ETFs:
solar power- TAN -3.0%, wind energy- FAN -2.25%, iShares Spain- EWP -1.25%, crude/WTI oil- USO -1.0%, OIL -1.0%, semis- SMH -1.0%, IGW -1.25%, XSD -0.75%, Russia- RSX -1.0%, RBOB gasoline- UGA -1.0%, clean energy- PBW -1.0%, iShares Japan- EWJ -0.75%

10:37AM iShares Russell 2000 reaching positive territory +1 (IWM) :  

10:29AM NASDAQ 100 (NDX) strength & weakness- Drug name leads all percentage gainers through today's 1st hour of trading (WCRX) : NDX 10 Best % Performers:
WCRX, EXPE, BIDU, TEVA, XRAY, MICC, EXPD, QGEN, LIFE, NVDA

NDX 10 Worst % Performers:
FSLR, WYNN, CTXS, LRCX, LOGI, GRMN, BIIB, FLEX, NWSA, MSFT

NASDAQ A/D -330
NASDAQ TRIN +1.85

10:28AM S&P -4 bounces off support (SPY) : Highlighted the first thrust high off last week's low and the trendline off the July lows as support in The Technical Take at 1088/1086 and we did see a reversal off this zone (Click for chart) in early trade this morning.  The recovery paused shy of the flat line but a posture above 1094 (secondary 1091) would leave it in position for some follow through.  Resistance above is at 1103 and 1107/1108.

10:27AM Dow 30 (INDU) strength & weakness - Financial name leads all percentage gainers in the index through the 1st hour of today's trading (BAC) : INDU 5 Best % Performers:
BAC, BA, VZ, IBM, CAT

INDU 5 Worst % Performers:
MRK, MSFT, INTC, CVX, PG

NYSE A/D -525
NYSE TRIN +1.25

10:04AM Opening Point Gainers/Losers (TECHX) : Point Gainers: NFLX (+4.78), PRAA (+2.88), AGP (+2.85), GPRO (+2.70), BG (+2.15), EMN (+2.00), PWER (+1.96), UFS (+1.80), WCRX (+1.56), CQB (+1.41)

Point Losers: FSLR (-6.73), APKT (-4.08), TNAV (-3.54), DLB (-3.79), WYNN (-3.42), VLCM (-3.28), THOR (-3.22), CSTR (-3.20), ITT (-2.90)

10:04AM Financial Select Sector rebounds 1.2% off low, flirting with flat line (XLF) 14.74 +0.02 : MET +3.2%, BAC +0.8%, MS +0.4%, WFC +0.2%, PRU +0.4%, PNC +0.1%.

9:56AM Stock indices lift modestly after stronger sentiment data to set new rebound highs -- Dow -58, S&P -6.3, Nasdaq -19 (SPY) :  

9:55AM Grupo TMM consolidates three tranches of mexican trust certificates program into one issuance for $10.5 bln pesos (approx $817 mln) (TMM) 23.66 +0.09 :  

9:54AM Relative Sector Strength (TECHX) : Stem cell names are firmer GERN +10.8% stated that they will proceed with first human clinical trial of embryonic stem cell-based therapy -- STEM +2.2%, ASTM +1.3%.

9:47AM Stock indices extend push off low after PMI report is released, with Dow -57 pushing as much as 65 points off the low -- S&P -7.3, Nasdaq -22 (SPY) : The S&P has edged up off support noted in The Technical Take and the 09:35 update at 1088/1086 (session low 1088).

9:45AM Orbital Sciences: NASA selects co for major sounding rocket program prime contract with expected value of at least $125 mln (ORB) : Co announced that it was selected by NASA for the prime contractor role on the NASA Sounding Rocket Operations Contract II (NSROC II) program. The indefinite delivery/indefinite quantity NSROC II contract carries a maximum total value of $310 million over its five-year term, with a current expected value of at least $125 mln.

9:43AM Reminder: U Michigan Sentiment - Final data due out in about 12 min at 9:55ET (ECONX) :  

9:42AM Reminder: Chicago PMI data due out in about 3 mins at 9:45ET (ECONX) :  

9:40AM Semiconductor Hldrs ETF pacing the way lower (SMH) 27.02 -0.62 : The SMH is down for the fourth session in a row and has slipped back under its 200 sma to cut the July rally in half at 27.05 --INTC -2%, LRCX -2.9%, MRVL -2.7%, KLAC -2.6%, SNDK -2.56%, LLTC -2%, AMAT -2%, XLNX -2%.  The 200 ema comes into play at 26.83.

9:37AM Silver Trust and Gold Miners displaying some relative strength (SLV) : SLV +1%, SSRI +0.4%, AU +1%, GFI +0.7%, HMY +0.4%, KGC +0.4%.

9:35AM Stock indices break under yesterday's lows in opening action -- Dow -79, S&P -10, Nasdaq -23 (SPY) : The S&P slipped slightly under yesterday's low at 1092 (session low 1091) with initial level of interest below at the first thrust high off last week's low and the trendline off the July lows at 1088/1086.

9:31AM Colonial Properties files for offering of up to $100 million of common shares through an "at-the-market" share offering program (CLP) 15.76 -0.27 :  

9:06AM Warner Chilcott spikes to 26.88 after announcing Proposed Leveraged Recapitalization Including $8.50 Special Cash Dividend to Shareholders and Updates Full-Year 2010 Financial Guidance (WCRX) 24.39 : Co announces a recapitalization pursuant to which it intends to incur $2.25 billion of new debt to fund a special dividend to its ordinary shareholders of $8.50/share, or approximately $2.15 bln in the aggregate. The new debt is expected to be comprised of a combination of senior secured term loans and additional unsecured debt. The co is also affirming its previously issued FY10 financial guidance for adjusted total revenue and adjusted net income. Co says total revenue for the full year 2010 is expected to be near the lower end of the current guidance range of $2.90-$2.95 bln (vs $2.98 bln Thomson Reuters consensu). The expectation for adjusted CNI for the full-year 2010, before giving effect to the impact of the proposed recapitalization plan, has been increased from a range of $3.30 to $3.40 per share to a range of $3.45-$3.55 per share (Thomson Reuters consensus is currently $3.38). Assuming the successful completion of the proposed recapitalization plan, the Company estimates that its full-year 2010 adjusted CNI would be reduced by $0.20 to $0.25 per share. Looking ahead to the full year 2011, the recapitalization is expected to reduce 2011 adjusted CNI by $0.65 to $0.70 per share

9:05AM CAMAC Energy President and CEO Frank Ingriselli announces his retirement (CAK) 2.96 : Co's CEO said, "My decision to retire is purely a personal decision that will allow me to spend more time with my family and pursue my other hobbies and interests....I will continue to work with the Company in a consulting and advisory capacity to assure that there is not only an orderly transition of management..."

9:03AM Pilgrim's Pride misses by $0.03, misses on revs (PPC) 6.96 : Reports Q0 earnings of $0.15 per share, $0.03 worse than the Thomson Reuters consensus of $0.18; revenues fell 3.9% year/year to $1.71 bln vs the $1.79 bln consensus.

9:02AM EMC names Jeetu Patel as CTO of Its Information Intelligence Group (EMC) 14.26 :  

8:51AM Companhia Vale do Rio misses by $0.04, misses on revs (VALE) 27.56 : Reports Q2 (Jun) earnings of $0.70 per share, $0.04 worse than the Thomson Reuters consensus of $0.74; revenues rose 95.3% year/year to $9.93 bln vs the $10.82 bln consensus.

8:48AM Public Service beats by $0.01; reaffirms FY10 EPS guidance (PEG) 33.83 : Reports Q2 (Jun) earnings of $0.65 per share, $0.01 better than the Thomson Reuters consensus of $0.64. Co reaffirms guidance for FY10, sees EPS of $3.00-$3.25 vs. $3.13 Thomson Reuters consensus.

8:45AM CGGVeritas reports Q2 EPS of $0.02 vs $0.07 Thomson Reuters consensus; revs $647 mln vs $731.80 mln Thomson Reuters consensus (CGV) 18.89 :  

8:41AM GlaxoSmithKline begins distribution of flu vaccine to U.S. Customers for 2010-2011 Flu Season (GSK) 35.16 : Co announced the FDA Center for Biologics Evaluation and Research has released the first lots of FluLaval [Influenza Virus Vaccine] allowing distribution in the U.S. to begin for the 2010-2011 flu season. GSK anticipates distribution of Fluarix [Influenza Virus Vaccine] to follow in the next several weeks.

8:39AM On the Wires : Arthur J. Gallagher & Co. (AJG) announced that it has acquired the remaining 60% equity interest in Specialised Broking Associates headquartered in Perth, Western Australia. Terms of the transaction were not disclosed. Atlas Air Worldwide Holdings (AAWW) confirmed that its 49% owned UK subsidiary, Global Supply Systems Limited has signed a five-year wet leasing agreement with British Airways to operate three next-generation Boeing 747-8 freighters on behalf of British Airways starting in 2011... HealthSouth (HLS) announced plans to begin construction of a new 40-bed inpatient rehabilitation hospital in the Cypress area of northwest Houston in the fourth quarter... Sanofi Pasteur, the vaccines division of the sanofi-aventis Group (SNY), announced that shipping of the 2010-2011 formulation of its seasonal influenza vaccine Fluzone Influenza Virus Vaccine is underway in the U.S.

8:38AM Belo beats by $0.02, misses on revs (BLC) 6.53 : Reports Q2 (Jun) earnings of $0.19 per share, $0.02 better than the Thomson Reuters consensus of $0.17; revenues rose 12.6% year/year to $163 mln vs the $164.8 mln consensus.  "We continue to expect robust political spending in Q3 and throughout the back half of the year, which will cause some crowd-out of core spot revenue as is always the case when there are significant political dollars. Total spot revenue in July is expected to finish up 13 to 14%, continuing the positive trend we have seen throughout 2010. The months of August and September are expected to have greater political revenue than July and are currently pacing above the July level. Based on these pacing trends, total spot advertising revenue could increase in the high teens in the third quarter of 2010 compared to the third quarter of 2009 depending on the strength of political revenue.

8:34AM Curtiss-Wright awarded contract from Moog worth up to $20 mln (CW) 30.99 : Co announced that it has received a contract with a total potential value of $20 mln from Moog Aircraft Group to provide solenoids for use on the flight control system of Boeing's 787 Dreamliner aircraft.

8:33AM Converted Organics announces implementation of expense reduction measures (COIN) 0.65 : Co announced the implementation of a series of expense reduction measures that include the reorganization of corporate and other functions at its headquarters in Boston, MA and manufacturing facility in Woodbridge, NJ. This reorganization includes the elimination of a total of 24 corporate and manufacturing positions, representing approximately 50% of the workforce at these locations. The co expects that these reductions will reduce operating expenses by approximately $2.1 million per year, beginning in the third quarter of 2010.

8:33AM Weyerhaeuser beats by $0.06, beats on revs (WY) 16.48 : Reports Q2 (Jun) earnings of $0.20 per share, excluding non-recurring items, $0.06 better than the Thomson Reuters consensus of $0.14; revenues rose 29.8% year/year to $1.81 bln vs the $1.68 bln consensus. Co expects third quarter earnings from the segment to improve substantially compared to the second quarter. As no annual maintenance outages are scheduled for the third quarter, the company anticipates lower maintenance costs and improved production. Average pulp price realizations are expected to increase from second quarter levels.

8:33AM Focus Media sells internet division Allyes to Silver Lake (FMCN) 17.74 : Under the terms of the agreement, Silver Lake will pay $124 million to Focus Media, in exchange for the equity ownership of Allyes held by Focus Media.

8:32AM SAVVIS Comm announces extension of tender offer for 3% convertible senior notes (SVVS) 17.94 -0.29 :  

8:32AM Chevron beats by $0.26, reports revs in-line (CVX) 76.02 : Reports Q2 (Jun) earnings of $2.70 per share, $0.26 better than the Thomson Reuters consensus of $2.44; revenues rose 31.8% year/year to $53 bln vs the $52.52 bln consensus. U.S. upstream earnings of $1.09 billion in the second quarter of 2010 were up $810 million from a year earlier, primarily due to higher crude oil and natural gas realizations.

8:31AM Breitburn Energy increased dividend from $0.3750 to $0.3825 (BBEP) 15.41 :  

8:20AM Reminder: GDP-Adv, Chain Deflator-Adv, and Employment Cost Index data due out in about 10 min at 8:30ET (ECONX) :  

8:14AM Brush Engineered Materials beats by $0.12, misses on revs; updates FY10 EPS, guides revs in-line (BW) 22.55 : Reports Q2 (Jun) earnings of $0.67 per share, $0.12 better than the Thomson Reuters consensus of $0.55; revenues rose 87.2% year/year to $325.9 mln vs the $333.4 mln consensus. Co issues guidance for FY10, now sees EPS of $1.75-$2.00 (vs. $1.76 Thomson Reuters consensus), up from the previous range of $1.45-$1.75; sees FY10 revs of $1.22-$1.26 bln vs. $1.26 bln Thomson Reuters consensus.

8:06AM Maxwell Tech clarifies status of settlement negotiations with Department of Justice (MXWL) 10.41 : In a press release issued on July 29, 2010, the co provided information regarding the status of its negotiations with the DOJ to reach a settlement of alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA). After further discussions with the DOJ, the Company is clarifying its earlier disclosure as follows: "The Department of Justice has not indicated a specific settlement amount or other terms that would be acceptable to settle the ongoing investigation of alleged FCPA violations. As with all potential settlements with the DOJ, there are numerous other aspects of the settlement, in addition to the monetary penalties, that also need to be resolved."

8:06AM Arch Coal beats by $0.18, reports revs in-line; narrows FY10 EPS in-line (ACI) 22.50 : Reports Q2 (Jun) earnings of $0.43 per share, excluding items, $0.18 better than the Thomson Reuters consensus of $0.25; revenues rose 40.3% year/year to $764.3 mln vs the $765.4 mln consensus. Co issues in-line guidance for FY10, sees EPS of $1.10-1.40, excluding items, prior guidance $1.00-1.40, vs. $1.14 Thomson Reuters consensus. Co sees FY10 Capital spending is expected to remain in the $315 mln to $335 mln range. Co sees FY10 Sales volume from company-controlled operations is expected to be in the 147 mln to 155 mln ton range, excluding purchased coal from third parties. Sales of metallurgical coal (coking and pulverized coal injection/PCI) - included within the company's full year volume guidance range - are expected to be in the 6 mln to 7 mln ton range.

8:05AM ZOLL Medical has received 510(k) clearance from the U.S. Food and Drug Administration to market and begin distribution of the new Propaq(R) MD Monitor/Defibrillator (ZOLL) 25.56 :  

8:05AM Louisiana-Pacific misses by $0.02, beats on revs (LPX) 8.00 : Reports Q2 (Jun) earnings of $0.17 per share, $0.02 worse than the Thomson Reuters consensus of $0.19; revenues rose 67.4% year/year to $447 mln vs the $399 mln consensus. "The U.S. economy remains in an unsettled state that requires companies to be extremely agile to respond to wide swings in demand... For housing, there is growing agreement that the timing and strength of the recovery will be determined by the size of the inventory of excess vacant homes and household formations enabled by job recovery. I believe we'll see an erratic path for the rest of 2010 and into next year."

8:04AM Nature's Sunshine announces Q2 results, confirms Michael Dean will be new President and CEO (NATR) 8.56 : Reports Q2 EPS of $0.07 vs $0.10 last year; revenues net of rebate portion of volume incentives rose 6% YoY to $16.85 mln (no ests). Co also confimed that Michael Dean will be new President and CEO. Mr. Dean joined the board of Nature's Sunshine Products last year and became CEO elect on March 12, 2010.

8:03AM Borg Warner beats by $0.11, beats on revs; updates FY10 EPS (BWA) 42.48 : Reports Q2 (Jun) earnings of $0.78 per share, excluding non-recurring items, $0.11 better than the Thomson Reuters consensus of $0.67; revenues rose 55.2% year/year to $1.42 bln vs the $1.32 bln consensus. Co issues raises its guidance range for FY10, now sees EPS of $2.60-$2.80 (vs. $2.42 Thomson Reuters consensus), up from the previous range of $2.20-$2.50.

8:03AM Industrial Services announces new $48.8 mln credit facility (IDSA) 16.98 :  

8:02AM American Commercial Lines names William Braman Sr VP and COO (ACLI) 23.99 :  

8:00AM Freightcar America announces new senior secured revolving credit facility of $30 mln (RAIL) 24.19 :  

7:39AM GT Solar Acquires Sapphire Producer Crystal Systems for $24 mln in cash, 5.4 mln shares of common stock, and a $21 mln cash earn-out (SOLR) 6.25 : Co announced that it has acquired privately-held Crystal Systems, Inc. Crystal Systems is a crystalline growth technology company that manufactures high-quality, large area sapphire substrates used in the LED, defense, medical and aerospace industries. Industry analysts project that the LED market could grow up to a 40% compound annual growth rate over the next several years driven by increased sales of products such as flat panel televisions and commercial and residential lighting. Under the terms of the agreement, the purchase consideration consisted of approximately $24 mln in cash, 5.4 mln shares of GT Solar common stock and a $21 mln cash earn-out. Crystal Systems is a profitable company with expected revenues of approximately $16 mln for FY10.

7:35AM Volcano beats by $0.10, beats on revs; guides FY10 EPS above consensus, revs above consensus (VOLC) 21.06 : Reports Q2 (Jun) earnings of $0.10 per share, $0.10 better than the Thomson Reuters consensus of ($0.00); revenues rose 36.1% year/year to $73.5 mln vs the $68.5 mln consensus. Co issues upside guidance for FY10, sees EPS of $0.05-0.10 vs. $0.04 Thomson Reuters consensus; sees FY10 revs of $286-290 mln vs. $283.48 mln Thomson Reuters consensus.

7:32AM McKesson beats by $0.01, reports revs in-line; reaffirms FY11 EPS guidance (MCK) 63.88 : Reports Q1 (Jun) earnings of $1.10 per share, $0.01 better than the Thomson Reuters consensus of $1.09; revenues rose 3.0% year/year to $27.5 bln vs the $27.25 bln consensus. Co reaffirms guidance for FY11, sees EPS of $4.72-4.92 vs. $4.84 Thomson Reuters consensus.

7:32AM HMS Holdings reports EPS in-line, beats on revs; reaffirms FY10 EPS guidance (HMSY) 54.73 : Reports Q2 (Jun) earnings of $0.32 per share, in-line with the Thomson Reuters consensus of $0.32; revenues rose 31.4% year/year to $70.7 mln vs the $68.9 mln consensus. Co reaffirms guidance for FY10, sees EPS of $1.38 vs. $1.42 Thomson Reuters consensus.

7:31AM Geron to proceed with first human clinical trial of embryonic stem cell-based therapy (GERN) 4.80 : Co announced today that the U.S. Food and Drug Administration has notified the company that the clinical hold placed on co's investigational new drug application has been lifted and the co's Phase I clinical trial of GRNOPC1 in patients with acute spinal cord injury may proceed.

7:26AM Bond Update: 10-yr: +08/32..2.943%..JPY: 86.37..EUR: 1.3016 (BONDX) : Treasuries have a moderate bid ahead of today's much anticipated Q2 GDP number. The 10-yr yield is at its lowest level in a week, back down to 2.943% from yesterday's close of 2.979%. The yield curve is flatter, running 237.7, with the 237.5 area acting as short-term support. The 230 level continues to be the only thing standing in the way of a possible move to 200. Spot gold is little changed, trading up three dollars to 1171. The day ahead has GDP and the employment cost index (8:30), Chicago PMI (9:45) and Uof M sentiment (9:55).

7:24AM Brookfield Homes to commence discussions for merger with Carma Developers (BHS) 7.33 : Co announced that it intends to commence discussions with Brookfield Properties (TSX: BPO)(NYSE: BPO) regarding a possible merger that would result in the combination of Co with Carma Developers, a division of BPO.

7:12AM Interline Brands beats by $0.01, misses on revs (IBI) 18.04 : Reports Q2 (Jun) earnings of $0.27 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.26; revenues rose 0.1% year/year to $270.2 mln vs the $275 mln consensus.

7:09AM Merck beats by $0.03, reports revs in-line; guides FY10 EPS in-line, revs in-line (MRK) 35.06 : Reports Q2 (Jun) earnings of $0.86 per share, $0.03 better than the Thomson Reuters consensus of $0.83; revenues rose 92.3% year/year to $11.35 bln vs the $11.45 bln consensus. Co issues in-line guidance for FY10, sees EPS of 3.29-3.39 vs. $3.37 Thomson Reuters consensus; sees FY10 revs of 45.4-46.1 bln vs. $45.69 bln Thomson Reuters consensus.

7:09AM Simon Properties beats by $0.04, beats on revs; reaffirms FY10 FFO guidance (SPG) 87.93 : Reports Q2 (Jun) funds from operations of $1.38 per share, $0.04 better than the Thomson Reuters consensus of $1.34; revenues rose 3.3% year/year to $933.6 mln vs the $917.3 mln consensus. Co reaffirms guidance for FY10, sees FFO of $5.77-5.87 vs. $5.37 Thomson Reuters consensus.

7:09AM Monotype Imaging misses by $0.02, misses on revs; guides Q3 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (TYPE) 8.44 : Reports Q2 (Jun) earnings of $0.08 per share, $0.02 worse than the Thomson Reuters consensus of $0.10; revenues rose 9.4% year/year to $24.4 mln vs the $24.9 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.10-0.12 vs. $0.11 Thomson Reuters consensus; sees Q3 revs of $26.0-27.5 mln vs. $26.51 mln Thomson Reuters consensus. Co issues in-line guidance for FY10, sees EPS of $0.38-0.43 vs. $0.42 Thomson Reuters consensus; sees FY10 revs of $101-105 mln vs. $103.91 mln Thomson Reuters consensus.

7:07AM Apt Inv & Mgt beats by $0.07; guides Q3 FFO in-line; guides FY10 FFO above consensus (AIV) 21.31 : Reports Q2 (Jun) funds from operations of $0.40 per share, $0.07 better than the Thomson Reuters consensus of $0.33. Co issues in-line guidance for Q3, sees FFO of $0.32-$0.36 vs. $0.33 Thomson Reuters consensus. Co adjusts guidance for FY10, now sees FFO of $1.37-$1.45 (vs. $1.28 Thomson Reuters consensus), up from the previous range of $1.25-$1.35.

7:07AM CNA Surety beats by $0.15, beats on revs (SUR) 16.79 : Reports Q2 (Jun) earnings of $0.64 per share, $0.15 better than the Thomson Reuters consensus of $0.49; revenues rose 0.4% year/year to $118.7 mln vs the $103.4 mln consensus.

7:05AM WuXi PharmaTech to receive breakup fee of $30 mln (WX) : Co announced today that its previously announced transaction with Charles River (CRL) has been terminated by mutual agreement due to CRL shareholder opposition. Under the terms of the termination agreement, WuXi will receive a breakup fee of $30 million.

7:05AM Ruth's Hospitality Group misses by $0.02, misses on revs (RUTH) 4.54 : Reports Q2 (Jun) earnings of $0.08 per share, excluding items, $0.02 worse than the Thomson Reuters consensus of $0.10; revenues rose 3.0% year/year to $89 mln vs the $91.8 mln consensus. The results exclude a net benefit of $0.3 million or $0.01 per diluted share. Company-owned comparable restaurant sales for Ruth's Chris Steak House increased 2.9%. Company-owned comparable restaurant sales for Mitchell's Fish Market increased 0.9%. Based on current information, co is updating its 2010 outlook as follows: Cost of goods sold of 29% to 30% of restaurant sales, Capital expenditures of $5 million to $6 million.

7:05AM Ultra Petroleum beats by $0.03, misses on revs (UPL) 43.70 : Reports Q2 (Jun) earnings of $0.54 per share, $0.03 better than the Thomson Reuters consensus of $0.51; revenues rose 75.3% year/year to $228.4 mln vs the $256.6 mln consensus.

7:03AM MoneyGram misses by $0.02, misses on revs (MGI) 2.66 : Reports Q2 (Jun) loss of $0.30 per share, $0.02 worse than the Thomson Reuters consensus of ($0.28); revenues fell 2.6% year/year to $283.6 mln vs the $299.2 mln consensus.

7:01AM Brookfield Properties announces plan to become a pure-play office company (BPO) 15.55 : Co announced a strategic repositioning plan to transform itself into a global pure-play office property company. The plan includes the acquisition of an interest in a significant portfolio of premier office properties in Australia from Brookfield Asset Management (BAM) as well as the divestment of co's residential land and housing business.

6:59AM American Electric beats by $0.05, misses on revs; reaffirms FY10 EPS guidance (AEP) 36.10 : Reports Q2 (Jun) earnings of $0.74 per share, $0.05 better than the Thomson Reuters consensus of $0.69; revenues rose 6.3% year/year to $3.4 bln vs the $3.48 bln consensus. Co reaffirms guidance for FY10, sees EPS of $2.80-3.20 vs. $3.02 Thomson Reuters consensus.

6:52AM Lender Processing Services's june mortgage monitor report: agency prime foreclosure starts increase; delinquencies decline slightly, but remain elevated at 9.55% (LPS) 31.97 :  

6:45AM S&P futures vs fair value: -9.40. Nasdaq futures vs fair value: -10.60. :

6:45AM European Markets : FTSE...5282.5...-30.80...-0.60%. DAX...6088.9...-45.60...-0.70%.

6:45AM Asian Markets : Nikkei...9537.3...-158.70...-1.60%. Hang Seng...21029.8...-64.00...-0.30%.

6:39AM Global Sources announces prelim tender offer results (GSOL) 8.59 : Co announced today the prelim results of its cash tender offer to purchase up to 11,121,000 shares of its outstanding common shares at a price of $9.00/share. The offer to purchase shares commenced on June 30, 2010 and expired at 12:00 midnight ET, on 7/28/2010.

6:38AM Quality Systems misses by $0.05, beats on revs (QSII) 55.20 : Reports Q1 (Jun) earnings of $0.42 per share, $0.05 worse than the Thomson Reuters consensus of $0.47; revenues rose 24.5% year/year to $82.9 mln vs the $80.9 mln consensus.

6:35AM Riverview Bancorp, Inc. announces pricing of $18 mln public offering of common stock (RVSB) 2.00 : Co announced the pricing of an underwritten public offering of 10,041,841 shares of the co's common stock at a price to the public of $1.80/share for gross proceeds of approx $18.1 million and net proceeds of approx $16.3 mln. Co intends to use the proceeds from the offering to support the growth and related capital needs of Riverview Community Bank. Transaction expect to close, subject to customary conditions, on or about August 3, 2010.

6:34AM Newell Rubbermaid beats by $0.07; raises FY10 guidance for core sales growth and EPS (NWL) 15.58 : Reports Q2 (Jun) earnings of $0.51 per share, $0.07 better than the Thomson Reuters consensus of $0.44. Co raises guidance for FY10, sees EPS of $1.40-1.50, prior $1.38-1.48, vs. $1.47 Thomson Reuters consensus. Co continues to expect 2010 net sales growth in the low to mid single digit range. However, co is raising its expectations for core sales growth to mid single digits, as compared with low to mid single digits in its previous guidance. The impact of 2009 product exits is expected to be a negative 1-2%, and the impact from foreign currency is expected to be modestly negative. Co still expects gross margin to improve 75 to 100 basis points with the combination of productivity, mix and pricing more than offsetting the impact of expected input cost inflation. Operating cash flow is expected to exceed $500 mln for the full year, including approximately $70 to $100 mln in restructuring cash payments. The company expects capital expenditures of ~$160 to $170 mln.

6:33AM Aon beats by $0.06, beats on revs (AON) 36.63 : Reports Q2 (Jun) earnings of $0.81 per share, $0.06 better than the Thomson Reuters consensus of $0.75; revenues rose 0.9% year/year to $1.9 bln vs the $1.87 bln consensus.

6:25AM Qualcomm confirms initial shareholders for its India LTE venture (QCOM) 38.78 : Co announced Global Holding Corporation Pvt. Ltd. and Tulip Telecom Ltd. as initial shareholders for its India LTE venture. Subject to receipt of government approvals, Qualcomm will have a 74 percent stake in the venture, while Global Holding Corporation and Tulip Telecom will hold 13 percent each, as required by applicable Indian Foreign Direct Investment regulations.

6:25AM Nordic American Tanker provides update on delayed delivery of suezmax newbuilding; fleet expansion program continues (NAT) : Co announced that the delivery of its newbuilding suezmax--the first of two scheduled for this year--continues to be delayed. Co has mentioned this in previous quarterly reports and has advised the seller, a company in the Fred Olsen group, that we will not take delivery of the vessel until it is completed in accordance with the contract. Herbjorn Hansson, CEO, said, "If this situation with the sellers is not resolved, we are prepared to take the matter to arbitration, although we prefer an amicable and fair resolution."

6:25AM Parkway Prop announces major customer renewal (PKY) 16.36 : Co signed an early renewal and expansion with United States Cellular Corporation for a total of 212,000 square feet at Citicorp Plaza in Chicago, Illinois. The renewal extends US Cellular's lease expiration through October 31, 2017, or by 70 months.

6:24AM Seadrill Ltd awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig (SDRL) 23.10 : Co has been awarded a six months contract extention for the ultra-deepwater semi-submersible drilling rig West Hercules by Husky Oil China Ltd. The estimated value of the contract extention is approximately US$90 million. The extention secures continued employment for the ultra-deepwater unit offshore China until May 2012. Husky Oil China Ltd. has the right to extend the assignment by another six months on the same terms and conditions.

6:23AM Arrow Elec unit announced its strategic alliance with IBM to distribute IBM System x in the Belgium and Luxembourg (Belux) markets (ARW) 24.78 :  

6:23AM CapitalSource beats by $0.16 (CSE) 5.26 : Reports Q2 (Jun) earnings of $0.06 per share, $0.16 better than the Thomson Reuters consensus of ($0.10). Co says "Our profitability and overall performance in the second quarter represent a turning point for CapitalSource and reflect the work we have done strategically and operationally over the last two years. The significant decline in quarterly provisions to only $25 million reflects general stabilization in the credit performance of our legacy loan portfolio and the effect of our provisioning across the last several quarters. In addition, the sale of our remaining net lease assets during the quarter continued the simplification of our non-Bank activities, while reducing debt and bolstering already strong liquidity at the Parent."

6:22AM Kinetic Concepts obtains injunction against Smith & Nephew (SNN) in United Kingdom (KCI) 35.07 : Co announced that the High Court of Justice Chancery Division, Patents Court in the United Kingdom has entered an injunction against Smith & Nephew plc prohibiting infringement of two KCI patents relating to negative pressure wound therapy ("NPWT"). The Court stayed the injunction pending appeal, which is expected in October of this year. In June, the Court found that sales of SNN's Renasys NPWT products infringe valid claims of two KCI patents. An assessment of damages will continue while the appeal is pending.

6:20AM MDC Holdings misses by $0.08, beats on revs (MDC) 29.16 : Reports Q2 (Jun) loss of $0.08 per share, $0.08 worse than the Thomson Reuters consensus of ($0.00); revenues rose 67.2% year/year to $326.3 mln vs the $290.9 mln consensus.

6:20AM Charles River and WuXi PharmaTech (WX) to terminate their previously announced acquisition agreement; CRL approves $500 mln stock repurchase plan (CRL) 31.95 : Charles River Laboratories International, Inc. (CRL) announced that it has mutually agreed with WuXi PharmaTech (WX) to terminate their previously announced acquisition agreement. The Company also announced that its Board of Directors has authorized a new $500 million stock repurchase program. The termination agreement provides for Charles River to pay WuXi a $30 million breakup fee for full satisfaction of the parties' obligations under the acquisition agreement and includes mutual releases of any claims and liabilities arising out of or relating to the acquisition agreement. As a result of the termination of the acquisition agreement, the special meeting of Charles River stockholders to be held on August 5, 2010 has been canceled.

6:17AM Crown Castle prices $1.55 bln in senior secured tower revenue notes offering (CCI) 39.17 :  

6:12AM Bioscrip misses by $0.02, misses on revs (BIOS) 6.26 : Reports Q2 (Jun) earnings of $0.07 per share, $0.02 worse than the Thomson Reuters consensus of $0.09; revenues rose 25.3% year/year to $412 mln vs the $426.7 mln consensus.

6:11AM Standard & Poor's Announces Change to U.S. Index (INDXCH) : Steven Madden Ltd. (SHOO) will replace inVentiv Health Inc. (VTIV) in the S&P SmallCap 600 index after the close of trading on a date to be announced. inVentiv Health is being acquired by affiliates of Thomas H. Lee Partners in a transaction expected to be completed soon.

6:09AM Walt Disney announces sale of Miramax Films to Filmyard Holdings (DIS) 33.71 : Co announced today the sale of Miramax Films to Filmyard Holdings LLC for over $660 million subject to certain adjustments. Partners in Filmyard include Los Angeles businessmen Ron Tutor, Tom Barrack, Colony Capital LLC and other individuals. The transaction is subject to certain regulatory approvals and is expected to close between September 10, 2010 and the end of the calendar year.

6:08AM Wright Express to acquire australian Fleet and pre-paid card provider (WXS) 33.27 : Co announces that it has entered into a definitive share purchase agreement to acquire the Australian assets of Retail Decisions consisting of its fleet and prepaid card businesses from Palamon Capital Partners, a private equity firm, and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners for approx AU$353 mln in cash (approx US$318 mln). The all cash transaction is anticipated to be immediately accretive to the Company's adjusted net income (which is a non-GAAP measure) and is expected to close in the third quarter, subject to regulatory approval.