Nabors to further review stock option practices; plus more stocks in the news Wednesday
McClatchy (MNI) Avista Capital Partners agrees to buy The Star Tribune Co. from McClatchy for $530 million.
Nabors Industries (NBR) Says that as a result of issues raised in today's Wall Street Journal article, it is initiating further review of its option-granting practices.
Ditech Networks (DITC) Receives a Nasdaq Staff Determination stating that the company is not in compliance with Marketplace Rule because it has not filed its second quarter 10-Q in a timely manner, and therefore its securities are subject to delisting from the Nasdaq.
World Air Holdings (WLDA) Posts $0.22 third quarter earnings per share (EPS) (preliminary) and $231 million consolidated revenues. Sees $4 million to $6 million fourth quarter operating loss, $200 million to $205 million revenue, and cites substantially lower AMC demand than previously forecasted for the second half of December.
Delta and Pine Land (DLP) Posts $0.26 first quarter loss (including a $0.06 charge related to a pending merger with Monsanto (MON)) vs. $0.27 loss (including $0.02 expense) on a 46% revenue rise. Sees $1.10 to $1.20 fiscal year 2007 EPS (including a $0.26 charge).