Morning Movers 10/27: Embarq (EQ) Higher on Buyout; U.S. Steel (X) Lower on Downgrade

StreetInsider.com Morning Movers:

Savient Pharmaceuticals (Nasdaq: SVNT) 58% LOWER; Disappointing data from its pegloticase pivotal clinical studies in treatment-failure gout (TFG) patients.

Pilgrim's Pride Corporation (NYSE: PPC) 15% HIGHER; reached an agreement with its lenders to extend the temporary waiver under its credit facilities through November 26, 2008. Lenders have also agreed to provide continued liquidity under credit facilities during this same period in accordance with the terms of the waiver agreements.

Fifth Third Bancorp (Nasdaq: FITB) 5% HIGHER; said its plans to participate in the U.S. Treasury Capital Purchase Program. Fifth Third Bancorp said their application was for