Shares of the following companies may have unusual moves in U.S. trading March 28. Stock symbols are in parentheses, and prices are as of 5:35 p.m. in New York.
Beneficial Mutual Bancorp Inc. (BNCL US): The savings and loan holding company said it will cut 4 percent of its workforce in the first quarter.
Cablevision Systems Corp. (CVC US): The provider of telecommunications and entertainment services is in discussions with Philip Falcone’s LightSquared Inc. about a deal to use the venture’s network to offer wireless services to its customers, according to a person familiar with the situation.
CNinsure Inc. (CISG US) dropped 2.1 percent to $13.25. The insurance company and brokerage based in Guangzhou, China, agreed to sell Beijing Fanhua Datong Investment Management to Winner Sight Global Ltd., an affiliated entity of Warburg Pincus LLC for $63.7 million.
Eastman Kodak Co. (EK US) surged 22 percent to $4.14. The camera company won the latest round in a patent dispute against Apple Inc. and Research in Motion Ltd. The victory may add more than $1 billion in revenue from royalty payments, Chief Executive Officer Antonio Perez said in an interview.
Oceaneering International Inc. (OII US): The provider of engineered services and products to the offshore oil and gas companies said first-quarter profit will be as much as 70 cents a share. Analysts estimated 71 cents on average.
SAIC Inc. (SAI US): The defense contractor won a contract from Nasa worth $340 million to $1.3 billion.
Statoil ASA (STO US): Norway’s biggest oil and gas producer won a U.S. deep-water drilling permit in the Gulf of Mexico.
Watson Pharmaceuticals Inc. (WPI US) fell 1.1 percent to $55.02. The generic-drug maker said it received a favorable decision from a U.S. Court in a patent dispute against Purdue Pharma LP over painkiller Oxycodone. Watson said it may be entitled to 180 days generic exclusivity.