Interactive Data, Bare Escentuals Soar

Mayank Mehta
15 Jan, 2010
New York City

Interactive Data Corp surged 11% after its UK parent Pearson Plc said it may sell its stake in the company. Bare Escentuals Inc soared 42% after it agreed to be acquired by Japan based Shiseido Co for $1.7 billion in cash. Manitowoc Co said plans to sell $400 million in unsecured debt.

[R]11:20 AM New York – Interactive Data Corp surged 11% after its UK parent Pearson Plc said it may sell its stake in the company. Bare Escentuals Inc soared 42% after it agreed to be acquired by Japan based Shiseido Co for $1.7 billion in cash. Manitowoc Co said plans to sell $400 million in unsecured debt and not in stocks to refinance its term loans.[/R]

Of the stocks in S&P 500 index, 150 increased, 344 declined and 6 were unchanged.

SLM Corporation led the decliners in the S&P 500 index with a loss of 4.5% followed by losses in Micron Technology, Inc of 4.2% and in KeyCorp of 3.3%, in QLogic Corporation of 3.1% and in Novellus Systems, Inc of 3.0%.

CF Industries Holdings, Inc led gainers in the S&P 500 index with a rise of 3.6% followed by gains in Staples, Inc 2.4%, in Scripps Networks Interactive, Inc of 2.1% and in Kellogg Company 1.9%.

Other Movers

Advanced Micro Devices, Inc ((AMD)) fell 1.8% or 17 cents to $8.83 after the maker of chips for personal computers was upgraded to “outperform” from “market perform” at FBR Capital Markets.

ArcelorMittal ((MT)) dropped 3.7% or $1.79 to $46.13 after the steelmaker was downgraded to “reduce” from “buy” at SNS Securities.

Bare Escentuals Inc ((BARE)) surged 42% to $18.10 after Japan’s largest cosmetic maker Shiseido Co. agreed to acquire the company for $18.20 a share or $1.7 billion in cash.

Carter’s, Inc ((CRI)) added 2.3% or 63 cents to $27.48 after the children''s clothing retailer reported third quarter sales rose 10.7% to $481.5 million from $434.9 million a year ago. Net income in the quarter rose 52.5% to $49.4 million or 84 cents per diluted share compared to net income of $32.4 million or 55 cents per share a year ago.

CF Industries Holdings, Inc ((CF)) rose 3.7% or $3.52 to $96.71 after the fertilizer maker announced that it has withdrawn its offer to acquire Terra Industries Inc. and that it is no longer pursuing the acquisition.

Con-way Inc ((CNW)) fell 4.5% or $1.48 to $31.36 after the trucking company was downgraded to “neutral” from “overweight” at JPMorgan.

JPMorgan Chase & Co ((JPM)) dropped 1.1% or 51 cents to $44.18 after the bank reported fourth quarter revenues rose 35% to $23.2 billion from $17.2 billion a year ago. Net income in the quarter rose 367% to $3.28 billion or 74 cents per diluted share compared to net income of $702 million or 6 cents per share a year ago.

Retail banking unit reported a loss and the bank increased its provision of loan losses.

Bank of the Ozarks, Inc ((OZRK)) decreased 1.4% or 46 cents to $30.33 after the bank said fourth quarter net interest income fell 0.7% to $28.5 million from $28.7 million a year ago. Net income in the quarter rose 6% to $9.6 million or 57 cents per diluted share compared to net income of $9.1 million or 54 cents per share a year ago.

Intel Corporation ((INTC)) added 1.0% to 22 cents to $21.70 after the maker of computer microprocessors said fourth quarter revenues rose 29% to $10.6 billion from $8.2 billion a year ago. Net income in the quarter rose 883% to $2.3 billion or 40 cents per diluted share compared to net income of $234 million or 4 cents per share a year ago.

Interactive Data Corp ((IDC)) surged 11.4% to $28.37 and the financial data integrator’s UK parent Pearson Plc said that it looking at its strategic alternatives for its stake in the company. Investors interpreted the announcement as a sale of its stake.

Manitowoc Co. ((MTW)) surged 7.7% to $14.06 after the crane maker said that it is planning to sell senior unsecured notes of $400 million to refinance a portion of its term loans.

Novo Nordisk A/S ((NVO)) dropped 3.5% or $2.45 to $66.51 after the diabetes care company was downgraded to “hold” from “buy” at Jefferies.

Shuffle Master, Inc ((SHFL)) increased 5.3% or 48 cents to $9.50 after the gaming supply company said fourth quarter revenues rose 2% to $54.6 million from $53.6 million a year ago. Net income in the quarter was $6.2 million or 12 cents per diluted share compared to net loss of $15.0 million or 28 cents per share a year ago.

Toll Brothers, Inc ((TOL)) slipped 2.3% or 46 cents to $19.28 after the luxury homebuilder was downgraded to “neutral” from “buy” by Goldman Sachs.