Among the companies with shares expected to actively trade in
Thursday's session are Kohl's Corp. (KSS), NuVasive Inc. (NUVA) and
Informatica Corp. (INFA).
Kohl's reported a 2.7% decline in September same-store sales,
far deeper than the 0.2% decline predicted by Wall Street analysts.
The report followed disappointing results from Macy's Inc. (M),
whose sales growth for the month also fell short of expectations.
Kohl's shares fell 2.9% to $50.75 premarket; Macy's shares were off
19 cents to $39.30.
Medical device company NuVasive cut its third-quarter revenue
guidance, saying it experienced unusually high account churn amid
increasingly aggressive competitive tactics. Shares plummeted 29%
to $16.15 premarket.
Informatica, a maker of data-integration software, expects
third-quarter results to fall short of consensus estimates due to
disappointing results in Europe. Shares fell 18% to $27.49
premarket.
Boardwalk Pipeline Partners LP (BWP) plans to offer 10 million
common units representing limited partner interests to raise funds
to repay debt as well as for other general partnership purposes.
The oil-and-gas transporter had 184.9 million common units
outstanding as of July 31. Units slipped 4.7% to $26.72
premarket.
CollabRX Inc. (CLRX) unveiled a multiyear partnership with Life
Technologies Corp. (LIFE) in which the data analytics company's
technology will be paired with Life Technologies' cancer panels.
Shares surged 79% to $6.40 premarket.
Starwood Property Trust Inc. (STWD) said an upsized offering of
16 million shares priced at $23.63, its Wednesday closing price.
The real-estate investment trust had earlier said it was offering
14.5 million shares. Starwood had 116.7 million shares outstanding
as of Aug. 6. Shares fell by 2.1% to $23.14 premarket.
Watchlist:
Manufacturer 3M Co. (MMM) and Avery Dennison Corp. (AVY) have
scuttled a deal under which 3M would have bought Dennison's office
and consumer products business.
Allied World Assurance Co. Holdings Ltd. (AWH) expects to post
third-quarter loss expenses related to a severe drought in the
Midwest and impacts from Hurricane Issac.
Applied Materials Inc.'s (AMAT) expects to reduce its global
workforce by 6% to 9% as the company aims to realign its
organization to increase its ability to invest in growth
initiatives.
Fitch Ratings upgraded CF Industries Holdings Inc.'s (CF)
investment-grade ratings by a notch, citing strong demand for the
fertilizer producer's nitrogen-based products.
The Federal Agricultural Mortgage Corp. (AGM, AGMA) commonly
known as Farmer Mac, has promoted its finance chief Timothy L.
Buzby to lead the company, replacing chief executive Michael
Gerber.
Health-care data processor HMS Holdings Corp. (HMSY) cut its
full-year guidance, saying it is seeing lower-than-expected growth
related to its benefits-coordination business along with other
delays.
Marriott International Inc. (MAR) swung to a third-quarter
profit as the industry bellwether continued to report strength in
its North American hotels, and daily rates rose.
Two ratings agencies, Standard & Poor's Ratings Service and
Moody's Investors Service, placed their ratings of MetroPCS
Communications Inc. (PCS) on review for an upgrade, after the
company unveiled plans to merge with Deutsche Telekom AG's (DTEGY,
DTE.XE) T-Mobile USA.
Standard & Poor's Ratings Service has lifted Pall Corp.
(PLL) rating a notch, noting that the maker of filtration and
purification products has a cautious financial policy.
Ralcorp Holdings Inc. (RAH) has named Keith Meister to its
board, a move that comes as the former lieutenant of billionaire
activist Carl Icahn has been pushing for change at the food
maker.
Moody's Investors Service has placed its long-term ratings on
Regions Financial Corp. (RF) and Zions Bancorp (ZION) on review for
a possible upgrade, pointing to the regional banks' progress in
reducing their asset concentrations.
Visteon Corp. (VC) said its chief financial officer, Martin E.
Welch III, has stepped down from his post after a year on the job,
a move that comes two days after the auto-parts maker named a new
chief executive.
Write to Mia Lamar at mia.lamar@dowjones.com
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