Movers: Goldman Sachs, Beazer Homes, Sears, Fannie Mae

Monday's stocks in the news

Goldman Sachs Group (GS) and various investors, including CV Starr, Perry Capital LCC, and Eli Broad, are making a $3 billion equity investment in Goldman's Global Equity Opportunities fund.

Beazer Homes USA (BZH) delays filing its most recent quarterly report because of possible problems with how its former chief accounting officer recorded "reserves, other accured liabilities" related to land-development and home-building costs.

Sears Holdings (SHLD) posts 3.8% lower second-quarter same-store sales at Kmart and 4.3% lower comps at Sears. It sees second quarter net income of $170-$185 million, vs. previously expected range of $160-$200 million.

Fannie Mae (FNM) falls after the Office of Federal Housing Enterprise Oversight reportedly said late Friday it would not allow the company to increase its portfolio beyond the $727 billion limit created in May 2006.

Hovnanian Enterprises (HOV) says due to continued deterioration in sales pace and pricing since the end of the second quarter, it expects to incur $90-$110 million of pretax charges related to land impairment and write-offs of predevelopment costs and land deposits in the third quarter.

Blackstone Group (BX) posts second quarter net income of $774.4 million, vs. $224.1 million a year ago, on sharply higher revenues.

Accredited Home Lenders (LEND) falls after it files a lawsuit against Lone Star Fund L.P. and two of its affiliates seeking specfic performance of Lone Star's obligations to close tender offer for LEND stock, to complete merger with LEND.

EMC Corp. (EMC) rises after S&P says the planned initial public offering of the company's VMWare unit adds to its positive view of EMC fundamentals. S&P reiterates strong buy on the shares.

Sirenza Microdevices (SMDI) agrees to be acquired by RF Micro Devices (RFMD) for about $900 million in cash and stock. Terms: 1.7848 RFMD shares, $5.56 cash per SMDI share.

Thornburg Mortgage (TMA) falls after Bear Stearns says recent weakness in TMA shares suggests investors are concerned about the reduction in the company's portfolio and potential reduction in the dividend; the firm maintains peer perform on the stock.

Career Education (CECO) rises after Stifel Nicolaus upgrades to buy from hold.

Energizer Holdings (ENR) rises after ST Robinson Humphrey upgrades to buy from neutral.

Knight Capital Group (NITE) heads higher on news that Goldman Sachs agrees to purchase minority an equity interest in its Direct Edge ECN division. Citadel Derivatives Group agrees to increase its ownership interest in Direct Edge. NITE's stake will be reduced to below 50%.

Cognex (CGNX) delays filing of its Form 10-Q for the second quarter due to its voluntary review of irregularities that it discovered in certain transactions originating at its Japanese subsidiary.

Midwest Air Group (MEH) says it has determined to pursue an all-cash $16.00 per share cash offer from TPG Capital.

Polo Ralph Lauren (RL) sets $250 million stock buyback.

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