Boeing, Caterpillar, Citi, Google, Wal-Mart: U.S. Equity Preview

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 7:43 a.m. in New York.

Microchip Technology Inc. (MCHP US), LSI Corp. (LSI US) and Advanced Micro Devices Inc. (AMD US) are possible leveraged buyout candidates in the semiconductor business, Susquehanna International Group LLC analyst Chris Caso said in a note to clients.

Aastrom Biosciences Inc. (ASTM US): The developer of treatments to repair human tissue using stem cells said it granted Atek Medical LLC exclusive rights to manufacture the company’s cell cassette product. Aastrom also filed plans with the Securities and Exchange Commission to sell as much as $75 million in securities.

Accelrys Inc. (ACCL US): The maker of molecular modeling software said it will buy back as much as $6 million in shares by March 31.

Amtech Systems Inc. (ASYS US) surged 10 percent to $19. The maker of products for manufacturing computer chips and solar cells reported fourth-quarter earnings of 58 cents a share, beating the 33-cent estimate of Merriman Curhan Ford & Co.

AOL Inc. (AOL US): The Internet company spun off from Time Warner Inc. said it plans a beta test of a redesigned e-mail service, the New York Post reported.

BioSante Pharmaceuticals Inc. (BPAX US): The developer of hormone replacement products reported a third-quarter loss of 16 cents a share, 19 percent wider than the average of two analyst estimates.

Blockbuster Inc. (BLOAQ US): The video-rental retailer operating in Chapter 11 bankruptcy reported its third-quarter loss narrowed to $53.5 million from $114.1 million a year earlier. Sales fell 19 percent to $736.6 million.

Boeing Co. (BA US) gained 0.4 percent to $63.31. The world’s second-largest commercial-jet builder may be headed for its first victory in aircraft orders in three years, buoyed by demand for the 737 jet as larger rival Airbus SAS defers a decision on whether to offer a new engine on its A320. Boeing booked 480 net orders through October, compared with Airbus’s 369.

Caterpillar Inc. (CAT US) slipped 1.3 percent to $80. The world’s largest maker of construction and mining equipment said it agreed to buy Bucyrus International Inc. (BUCY US) for about $8.6 billion, including net debt. Bucyrus, whose shareholders will receive $92 per share, surged 30 percent to $90.36.

Citigroup Inc. (C US) rose 1.2 percent to $4.34. The bank, which claims 2,500 of the world’s 3,000 largest corporations as clients, now says it also is targeting U.S. companies with less than $20 million of annual sales, and plans to hire about 200 bankers by the end of 2011 to court them.

Diana Shipping Inc. (DSX US): The carrier of commodities including iron ore and coal reported third-quarter earnings of 42 cents a share, beating the 41-cent average estimate.

Fortune Brands Inc. (FO US): The maker of Titleist golf balls, Moen faucets and Jim Bean bourbon may work on a breakup plan with investor Bill Ackman’s Pershing Square Capital Management LP, the Wall Street Journal reported.

Genzyme Corp. (GENZ US) advanced 1.7 percent to $71. The biotechnology company started talks with Takeda Pharmaceutical Co. to try to sell itself for more than $18.5 billion, the Mail on Sunday reported, citing a person familiar with the matter.

Google Inc. (GOOG US) gained 0.8 percent to $608.01. The owner of the world’s most popular Internet search site said it may unveil the relaunch of Boutiques.com at an event in New York City on Nov. 17 in an attempt to take on EBay Inc., Gizmodo reported.

Hyatt Hotels Corp. (H US): The Pritzker family hotel chain that raised $1.09 billion in an initial public offering last year was given a new “buy” rating at Buckingham Research by equity analyst Cameron McKnight. The 12-month price target is $48.

Lowe’s Cos. (LOW US) slipped 0.8 percent to $21.51. The second-largest U.S. home-improvement retailer lowered its full- year forecast and may miss analysts’ estimate. The company also reported third-quarter earnings that beat estimates.

Naugatuck Valley Financial Corp. (NVSL US) and Southern Connecticut Bancorp (SSE US): The two Connecticut-based banks mutually agreed to terminate their merger agreement, according to a joint statement. The companies said they were unable to obtain regulatory approval.

Rino International Corp. (RINO US) slid 8.3 percent to $10.10. The provider of water treatment systems for steelmakers lowered its full-year sales forecast to less than the average analyst estimate. The company also reported third-quarter earnings that missed estimates.

Wal-Mart Stores Inc. (WMT US): The world’s largest retailer is prepared to increase market share in Japan through acquisitions, Wal-Mart Asia Chief Executive Officer Scott Price told the Wall Street Journal. Price said the company has aggressive growth plans in China, the Journal reported.

To contact the reporter on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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