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From the Blogosphere
Unusual 11 Mid-Day Movers 11/26: EMKR, CHRS, SCMF, GM Higher; LFG, BGP, BCE, ANDE Lower
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LandAmerica Financial (NYSE: LFG) 78% LOWER; shares fell 88% on Monday following news that the company had canceled a deal to be acquired by Fidelity National. Today, rather than doing an outright deal, the company announced that it will sell 3 title insurance units to Fidelity. LandAmerica also filed Chapter 11 bankruptcy protection for the remaining parts of its company.EMCORE (Nasdaq: EMKR) 46.8% HIGHER; with shares of EMCORE up 72% (prior to today) since hitting a new 52-week low at $0.82 on the 20th, short sellers who reloaded their downside bets are likely getting squeezed today. At t...
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After-Hours Movers: Thomas & Betts (TNB), J. Crew (JCG) Lower On Guidance
StreetInsider.com After-Hours Movers: <>Thomas & Betts Corporation (NYSE: TNB) 12% LOWER; cuts its Q4 EPS guidance closer to the $0.84 reported in Q407 than the range implied by the company's previous FY08 guidance of $5.35-$5.45.
J. Crew Group, Inc. (NYSE: JCG) 11.3% LOWER; reports Q3 EPS of $0.30, 3 cents better than the analyst estimate of $0.27. Revenue for the quarter was $363.1 million, versus the consensus of $351.23 million. Lowers FY08 EPS from $1.44-$1.54 to $1.11-$1.16.
Holly Corp. (NYSE: HOC) 1.3% HIGHER; will replace LandAmerica Financial Group Inc. (NYSE: LFG) in the S&P SmallCap...
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Unusual 11 Mid-Day Movers 11/24: C, WBD, JASO, CSUN Higher; LFG, NG, PDGI, SOMX Lower
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LandAmerica Financial (NYSE: LFG) 88.2% LOWER; LandAmerica and Fidelity National (NYSE: FNF) today announced that they have terminated their proposed deal.NovaGold Resources Inc. (AMEX: NG) 73.5% LOWER; today announced that it has been actively seeking additional financing to repay a bridge loan due at the end of this year. As a result, NovaGold announced that its unconsolidated cash position has decreased to approximately C$10 million.Citigroup, Inc. (NYSE: C) 51.5% HIGHER; Treasury, Fed rescues Citi with a $40B bailout package. The move is giving hope to shareholders of the <>"anointed fina...
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Morning Movers 11/24: Citi (C) Up on Treasury/Fed Rescue Package, Financials Follow (BAC, MS, GS, WFC, JPM)
<>StreetInsider.com Morning Movers
LandAmerica Financial (NYSE: LFG) 83% LOWER; LandAmerica, Fidelity National deal terminated
Citigroup, Inc. (NYSE: C) 57% HIGHER; Treasury, Fed Rescues Citi (C) With $40B Package
Omrix Biopharmaceuticals, Inc. (NASDAQ: OMRI) 16% HIGHER; Johnson & Johnson (NYSE: JNJ) To Acquire Omrix Biopharmaceuticals (OMRI) For $25/Share
TASER International Inc. (NASDAQ: TASR) 13% HIGHER; Los Angeles Police Department Upgrades TASER Program
CBRL Group (Nasdaq: CBRL) 12% HIGHER; reports Q1 earnings of $0.57 per share, above the consensus of $0.52. Revenues came in at $573.9 m...
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Analyst upgrades, downgrades and initiations: SWHC, WFC ,CCE, GM, FCX
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About LandAmerica Financial Group Inc.
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