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Movers: Google, Molson Coors Brewing, YUM Brands, Sprint Nextel

Tuesday's stocks in the news

From Standard & Poor's Equity ResearchGoogle (GOOG) shares were up 10.48 to a new high of $620.10 after the company says it will reportedly begin showing YouTube videos on thousands of other Web sites, hoping to profit from adds attached to the clips, according to AP. Banc of America reportedly raises target price on Google to $670.

General Electric's (GE) NBC Universal agrees to buy female-focused Oxygen Media for about $925 million.

XM Satellite Radio (XMSR) rises 0.98 to 15.24 after Citigroup said it sees further upside based on merger probability analysis, raises target.

Miramar Mining (MNG) agrees to be acquired by Newmont Mining (NEM) in a deal valued at about C$1.5 billion. Terms: MNG holders to get C$6.25 per share.

Oxford Industries (OXM) falls after the company posts first quarter EPS from continuing operations of $0.27, vs. $0.63 a year ago, on a 16% sales drop. It expects sales and EPS for the second quarter and the two-month period commencing Dec. 1, 2007 and ending Feb. 2, 2008 to be flat to slightly higher than last year.

California Pizza Kitchen (CPKI) posts 3.5% rise in third quarter comp-restaurant sales, vs. previous forecast of 2%-3% growth. It says, based upon 13.5% rise in third quarter revenue, aforementioned comp-restaurant sales results, $0.19 per share charge for store closure costs for four CPK/ASAPs previously announced, management expects EPS of $0.04-$0.05.

Children's Place Retail Stores (PLCE) posts 3% higher September same-store sales, 4% higher total sales. It expects third quarter EPS to come in at least 60% below low end of previous guidance of $0.94-$1.02 (including charges). Assuming current sales and margin trends continue into the fourth quarter, the company thinks fiscal year 2008 EPS will be significantly below low end of previous guidance of $2.25-$2.40.

Thornburg Mortgage (TMA) raises $863 million estimated aggregate third quarter loss resulting from asset sales to $1.099 billion.

American Electric Power (AEP) reaches a settlement deal with the U.S. Environmental Protection Agency, eight states and 14 environmental organizations, bringing an end to alleged violations of the New Source Review (NSR) provisions of the Clean Air Act. AEP will install additional emissions control equipment, pay $60 million for environmental projects and a $15 million penalty.

Molson Coors Brewing (TAP) and SABMiller PLC (SAB.L) form a joint venture that will combine their U.S. operations. SABMiller will own 58%t in the venture and MolsonCoors will own 42% of the new company, MillerCoors.

Sprint Nextel (S) says chairman, president and CEO Gary Forsee has stepped down, effective immediately. The company plans to search for a new CEO. It expects to report net loss of about 337,000 post-paid subscribers in the third quarter. It also sees adjusted OIBDA and consolidated operating revenue for '07 slightly below ranges previously provide. S&P keeps hold.

Yum Brands (YUM) posts third quarter EPS of $0.50, vs. $0.42 a year ago, on 4.0% higher worldwide same-store sales. It raises 2007 EPS estimate to $1.65. It cites continued strong growth from China and YRI divisions. It sets additional $1.25 billion stock buyback plan. Yesterday, S&P reiterated buy ahead of its third quarter results.

AT&T (T) has agreed to pay about $2.5 billion for wireless spectrum covering 196 million people from Aloha Partners LP, according to news reports. The spectrum covers 72 of the nation's top 100 markets.

SLM (SLM), or Sallie Mae, sued to force the J.C. Flowers-led buyout group to either complete the deal or pay a $900 million breakup fee.

Microchip Technology (MCHP) sees lower-than-expected second quarter sales of $258-$259 million, which is down about 2% sequentially. It expects GAAP EPS of about $0.35 (non-GAAP of about $0.38). It cites weak sales associated with the U.S. housing market, as well as weakness in other segments of its consumer-related business.

Comscore (SCOR) sees better-than-expected third quarter revenue of $22.1-$22.5 million, an increase of 37%-39% year-over-year. It sees $0.15-$0.17 adjusted EPS.

After the market close, Alcoa (AA) is expected to report a profit of 65 cents a share for the third quarter, up about 5% from a year ago.

Kimberly-Clark (KMB) announces that its consumer tissue and baby and child care businesses are notifying customers of plan to raise prices in the U.S. during the first quarter of 2008.

LDK Solar ADS (LDK) raises previous $115-$125 million third quarter revenue guidance to $140-$150 million.

Mosaic Company (MOS) posts $0.69 (including items), vs. $0.25 a year ago, first quarfter EPS on 55% higher net sales.

Johnson Controls (JCI) expects fiscal year 2008 EPS from continuing operations to increase by 18% to $2.45-$2.50, and sales to increase by 10% to approximately $38 billion. It confirms fiscal year 2007 EPS from continuing operations guidance of $2.08-$2.10 (excluding non-recurring tax benefit) and sales of $34.5 billion.

Dade Behring Holdings (DADE) receives clearance from the FDA for use of its MicroScan Synergies plus Gram-positive panels. The new technology used in the panels allows for rapid 2-hour identification of bacteria and same-day test results for detecting certain antibiotic-resistant bacteria.

Syntax-Brillian (BRLC) announces 120-day action plan, including evaluating the company's LCoS strategic opportunities, with a target of improving corporate profitability; evaluating corporate infrastructure and processes, with aim of reducing costs, optimizing allocation of assets and improving productivity, profits, and overall performance; evaluating how the company does business in China; broadening supplier base; establishing offices internationally.

Guess (GES) will be added to S&P MidCap 400 index after close of trading on date to be announced, replacing CDW, which is being acquired.

Expeditors International of Washington (EXPD) will be added to S&P 500 index after close of trading on Oct. 9, replacing TXU, which is being acquired.

Terra Industries (TRA) will be added to S&P MidCap 400 after close of trading on Oct. 9, replacing Expeditors International, which is being added to S&P 500.

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