Pre-Market Stock News (FEB 26, 2007)

(AXP) American Express’ CFO leaving to be CFO of Citigroup.
(BSTE) Biosite noted as a good speculative stock according to Cramer on Friday’s MAD MONEY.
(C-NYSE) Citigroup named Gary Crittenden as CFO to replace Krawchek, who already announced the move to private wealth management head earlier this year.  Unfortunately Chuck Prince is still there.
(CMCSA) Comcast may want to look for mergers now according to Barron’s.
(CNI) Canadian National Rail reached a tentative settlement with workers, although strikes may continue until deal has been formalized.
(CYTC) Cytyc guides 2007 to $1.30-1.35 EPS (street estimate is $1.33) and will pay $60 million plus milestones to acquire Adiana.
(DCTH) Delcath reports positive data from ongoing Phase II trials at the 2nd International Symposium on Regional Cancer Therapies.
(DOW) Dow Chemical may be acquired now in reports out of the UK.
(ERIC) Ericsson up 0.6% after offering to buy Tandberg Television.
(GM/DCX) DaimlerChrysler may swap Chrysler for stake in GM according to reports.
(HBG) Hub International is being acquired by private equity groups for $40.00 per share.
(HEPH) Hollis-Eden reports publication of results demonstrating the ability of Neumune to increase survival in primate models.
(ICFI) ICF International awarded $2.6 million contract with the Transportation Research Board.
(INTC) Intel is appealing a $2.2 Billion IRS tax decision over export sales.
(ITRI) Itron announces $235 million private placement of equity for 4+ million shares.
(JAKK) Jack’s Pacific $0.84 EPS vs $0.68e; unsure if comparable.
(JBLU) JetBlue has cancelled 68 flights in and out of JFK Airport because of expected snowfall.
(KIMK) Kimco Realty announced $121+ million cash distribution and raised guidance on a FFO basis.
(LLY) Eli Lilly gets FDA approval for Cymbalta for general anxiety disorders.
(LTON) Linktone said it will Not make an offer to acquire MonsterMob Group.
(MAGS) Magal Security Systems announced new orders worth some $3.2 million on a combined basis.
(NFI) Novastar Financial criticized by Herb Greenberg this morning.
(NFLX) Netflix has delivered its one-billionth CD rental.
(NVS) Novartis shares down 2% after FDA approvable letter will require another trial on Xigris.
(RMIX) US Concrete CEO is retiring; company posted a loss instead of gains after items.
(SHI) Sinopec in China gets Exxon and Saudi’s ARAMCO as partners in a new refinery in China.
(STN) Station Casino gets revised $90 buyout from founding family and private equity group.
(SUNW) Sun Microsystems noted as a good speculative stock according to Cramer on Friday’s MAD MONEY.
(TXU) TXU has approved a buyout price of $69.25 per share from KKR & Texas Pacific Group.
(XMSR) XM posts a $255 million loss for the quarter; initial trades show it as down less than 1% pre-market.

Jon C. Ogg
February 26, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.