UBS
-- Up to $225 million available at initial closing with ability to expand to $350 million -- Consortium of three financial institutions supports initial closing -- New facility provides strong credit support for core operations BETHESDA, Md.--(BUSINESS WIRE)-- USEC Inc. (NYSE: USU) announced today that it has entered into an extended and amended $225 million credit facility with three financial institutions. This facility replaces USEC's existing facility that was scheduled to mature in August 2010. JPMorgan Chase Bank, N.A. remains Administrative Agent. Other institutions playing lead roles at the initial closing were Wells ...
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before The Market Opens
Economics:
8:30am ESTPersonal Income - Street sees 0.4%
Personal Spending - Street sees 0.4%
PCE Prices: Core - Street sees 0.1%Earnings:
AMAG Pharma (NASDAQ: AMAG) - consensus loss $1.08
Armstrong World Industries (NYSE: AWI) - consensus EPS $0.25
BPZ Energy (NYSE: BPZ) - consensus loss $0.02
Central European Dist (NASDAQ: CEDC) - consensus EPS $1.13
Clear Channel Outdoor (NYSE: CCO) - consensus loss $0.05
Crosstex Energy (NASDAQ: XTEX) - consensus loss $0.21
DISH Network (NASDAQ ...
USEC Inc. (NYSE: USU) 45.7% LOWER; announced this morning that the U.S. Department of Energy will not proceed with USEC's application for a loan guarantee to complete construction of the American Centrifuge Plant in Piketon Ohio. Click here for the full report. The stock was also downgraded to Hold at Jefferies.
SPSS Inc. (Nasdaq: SPSS) 40.2% HIGHER; IBM (NYSE: IBM) and SPSS announced that the two companies have entered into a definitive merger agreement for IBM to acquire SPSS, a publicly-held company headquartered in Chicago, in an all cash transaction at a price of $50/share, resulting in a total cash consideration in the merger of approximately $1.2 billion. Click here for the full report.
Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) 26.9% HIGHER; released preliminary data from two ongoing clinical trials evaluating oral ridaforolimus in combination with trastuzumab (Herceptin®) in patients with resistant, metastatic breast cancer and with bevacizumab (Avastin®) ...
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Goldman Sachs upgrades Reynolds American Inc. (NYSE: RAI) from Sell to Neutral.
Morgan Stanley upgrades LDK Solar (NYSE: LDK) to Overweight from Equal Weight.
Merrill Lynch ...
Shares of USEC Inc. (NYSE: USU) are seeing substantial upside today despite no news. USEC's stock price has spiked so far during today's trading session: shares have risen about $1.42, or 35%, to as high as $5.34.
The stock may still be feeling upward momentum from an announcement made earlier this week that the Company had purchased a centrifuge plant in Oak Ridge, Tennessee. On the other hand, this movement seems unusual as USEC ...
