06:19 am : [BRIEFING.COM] S&P futures vs fair value: -0.50.  Nasdaq futures vs fair value: -0.50.  

06:19 am : Nikkei...8801.17...-99.60...-1.10%.  Hang Seng...19259.83...-634.50...-3.20%.

06:19 am : FTSE...5372.40...-65.20...-1.20%.

6:58AM On The Wires (WIRES) :

• USEC (USU) entered into a multi-party arrangement with Energy Northwest, the Bonneville Power Administration, the Tennessee Valley Authority and the U. S. Department of Energy to extend uranium enrichment operations at the Paducah Gaseous Diffusion Plant in Paducah, Ky.
• Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has received a $133.7 mln, cost-plus-fixed-fee advance procurement contract modification from the U.S. Navy to provide long lead time materials for LPD 27, the 11th amphibious transport dock of the San Antonio class.
• First Financial Service (FFKY) announced that its banking subsidiary, First Federal Savings Bank of Elizabethtown, has signed a definitive agreement to divest its four Louisville branches to First Security Bank.
• VeriFone Systems (PAY) announced an agreement with Sky News (BSYBY) to broadcast news bulletins in London's licensed taxis.
• FieldPoint Petroleum (FPP) announced that the borrowing base available to the co under its bank line of credit has been increased to $11.0 mln.

6:53AM Pan Am Silver announced earlier that it will restart a share repurchase program of up to 5,395,540 of its common shares (PAAS) 15.09 : Co announced that the Toronto Stock Exchange had accepted its notice of its intention to make a normal course issuer bid to purchase up to 5,395,540 of its common shares, representing up to 5% of Pan American's issued and outstanding shares as of August 24, 2011. The period of the share buy-back began on September 1, 2011 and can continue until August 31, 2012, or an earlier date should the Company complete its purchases.

6:47AM Citi Trends beats by $0.23, reports revs in-line (CTRN) 12.18 : Reports Q1 (Apr) earnings of $0.69 per share, $0.23 better than the Capital IQ Consensus Estimate of $0.46; revenues rose 4.5% year/year to $197.7 mln vs the $195.99 mln consensus. First quarter sales increased 4.5% while comparable store sales decreased 5.0% YoY.