May 3 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses.
Aecom Technology Corp. (ACM:US): The architectural and engineering company said it bought Savant, a project and cost management consultant with about 600 employees, to expand in Europe. The terms of the transaction weren’t disclosed.
Citigroup Inc. (C:US): The U.S. bank may need to boost its capital reserves by as much as $10 billion, the Wall Street Journal reported, citing unidentified people familiar with the situation. The bank may need less capital if it convinces the Federal Reserve of its position, the newspaper said. Citigroup fell 8 cents, or 2.6 percent, to $2.97 on May 1.
Clorox Co. (CLX:US): The world’s largest maker of bleach may rise to $118 in five years as profit margins increase on cost cutting and stabilized commodity prices, Barron’s reported. Clorox shares fell 75 cents, or 1.3 percent, to $55.30.
Harley-Davidson Inc. (HOG:US): The biggest U.S. motorcycle manufacturer said Chief Financial Officer Tom Bergmann is leaving the company.
Mentor Graphics Corp. (MENT:US): The semiconductor design and testing software developer may rise 30 percent during the next 12 months as chipmakers renew contracts and increase spending, Barron’s reported, without citing anyone. Mentor Graphics stock rose 4 cents to $6.76.
News Corp. (NWSA:US): “X-Men Origins: Wolverine” opened as the top film during the weekend, kicking off the summer movie season with $87 million in ticket sales for News Corp.’s Fox studio. News Corp. rose 12 cents to $8.38 on May 1.
Plains Exploration & Production Co. (PXP:US): The Houston- based oil and gas producer said Soros Fund Management LLC has a 5.38 percent stake in the company.
Simon Property Group Inc. (SPG:US): The real estate investment trust along with Vornado Realty Trust (VNO:US) and Boston Properties Inc. (BXP:US) may be safe bets for investors as commercial real estate markets struggle, Barron’s reported. Optimism about REITs has been increasing as the economy shows signs of bottoming and more than a dozen property companies have raised $7 billion of common equity, the weekly newspaper said in its May 4 issue. Simon Property stock fell $4.14, or 8 percent, to $47.46 on May 1. Vornado slid $1.36, or 2.8 percent, to $47.53, and Boston Properties declined $2.89, or 5.9 percent, to $46.53.
VPM Campus Photo
Sunday, May 3, 2009
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