Among the companies with shares expected to actively trade in
Wednesday's session are Dycom Industries Inc. (DY) and WellPoint
Inc. (WLP).
Dycom's fiscal fourth-quarter earnings rose 2.5%, but shares
fell 13% to $16.49 after hours as the telecommunications
contractor's results missed analyst expectations.
Under pressure from investors unhappy with the health insurer's
performance and direction, WellPoint Chief Executive Angela Braly
resigned Tuesday, and the company's board said it would begin a
search for a permanent replacement. Shares rose 3.3% to $59.29
after hours.
Watchlist:
Standard & Poor's Ratings Services placed Costco Wholesale
Corp. (COST) on review for a potential upgrade, citing the
wholesale-club operator's strong profitability and debt-reduction
efforts.
A ruling on how much Morgan Stanley (MS) will pay Citigroup Inc.
(C) to increase its stake in their Morgan Stanley Smith Barney
wealth-management venture will be delayed until Sept. 10.
Sealed Air Corp.'s (SEE) Chief Executive William V. Hickey plans
to retire from the plastic-packaging company in March, and Dow
Chemical Co. (DOW) veteran Jerome A. Peribere was named as his
successor.
Spectrum Pharmaceuticals Inc. (SPPI) said the Federal Trade
Commission has cleared its acquisition of Allos Therapeutics Inc.
(ALTH), a deal that will boost the company's hematology
franchise.
Standard & Poor's Ratings Services placed its credit ratings
for Washington Post Co. (WPO) on watch for a possible downgrade,
noting the deterioration at the company's higher education and
newspaper divisions is expected to continue.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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