Investing

Additional Pre-Market Stock News (November 29, 2007) (ENB, EEP, FRED, HNZ, LULU, MHS, MW, VSE, USBE, ULBI, VIP, SIGM)

Below is some of the other top summaries of news we haven’t covered this morning:

Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) had a pipeline blow late yesterday that has oil up as much as $4 today; two workers were killed; the explosion and fire on an Enbridge Energy Partners’ crude oil pipeline approximately three miles southeast of Enbridge’s Clearbrook, Minnesota terminal is apparently one of the Canadian pipelines that comes down to the U.S. and it is a supply risk.
Fred’s (FRED) $0.12 EPS after $0.02 “timing event” versus $0.14 estimate; hired Merrill Lynch to help it review strategic alternatives after receiving interest from multiple parties.
HJHeinz (HNZ) $0.71 EPS vs $0.69 est.; put guidance at higher end of range for next quarter.
Lululemon (LULU) trading up 10% after beating earnings and raising guidance.
Medco Health (MHS) announced a 2 for 1 stock split.
Men’s Wearhouse (MW) trading down 12% after disappointing earnings.
Sigma Designs (SIGM) traded up 14% after posting $0.79 EPS vs $0.54 estimates.
Ultralife Batteries (ULBI) receive a $2.6 million order from the U.S. Defense Department.
VeraSun Energy (VSE) and US BioEnergy (USBE) are going to merge operations into a single company; USBE shares up 8%.
Vimpel-Comm (VIP) trading up 5% after beating earnings expectations.
WellCare Health Plans, Inc. (WCG) traded up 10% after-hours after announcing that on November 21, it received an executed Contract between the Centers for Medicare & Medicaid Services. This one had been battered after that FBI raid killed the stock in recent weeks.

Jon C. Ogg
November 29, 2007