Among the companies whose shares are expected to actively trade
in Friday's session is AMR Corp. (AMR) and Sears Holdings Corp.
(SHLD).
New York Stock Exchange regulators said it will delist the
common stock of AMR Corp. before the opening bell on Jan. 5.,
saying that it is "no longer suitable" for listing. NYSE Regulation
cited reasons including the timing and outcome of last month's
bankruptcy filing as well as the company's sharply weakened share
price. Shares plunged 40% to 31 cents in recent premarket
trading.
Fitch Ratings slashed its ratings on Sears Holdings Corp. (SHLD)
Thursday and kept the door open for further cuts deeper into junk,
after the retailer warned of disappointing holiday sales earlier
this week. Shares of Sears slipped 1.2% to $32.50 in light
premarket trading.
Watch List:
Activist investor Bill Ackman, whose Pershing Square Capital
Management LP hedge fund holds a 14.2% stake in Canadian Pacific
Railway (CP, CP.T), wants to oust the railroad's chief executive
and has pushed its board to hire a former CEO, the Globe and Mail
reported Friday on its website, citing people familiar with the
hedge fund's strategy.
Patterson-UTI Energy Inc. (PTEN) said it expects to record an
$11.3 million charge as a result of the retirement of 31 drilling
rigs this month.
Samsung Electronics Co. (SSNHY, 005930.SE) strengthened its lead
as the top handset maker in the U.S. during the three months ended
in November, while Google Inc.'s (GOOG) Android platform expanded
its dominance of the U.S. smartphone market, according to industry
tracker comScore Inc. (SCOR).
-Edited by Corrie Driebusch and Ian Thomson; write to
corrie.driebusch@dowjones.com and ian.thomson@dowjones.com