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Sunday, 09/28/2008 4:58:06 PM

Sunday, September 28, 2008 4:58:06 PM

Post# of 76351
Stocks On The Move

GE, Starbucks, Dish Network, McClatchy: U.S. Equity Preview
Sept. 28 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading on Sept. 29. Stock symbols are in parentheses, and share prices are as of 6 p.m. Sept. 26 in New York, unless otherwise specified.

ChipMOS Technologies Ltd. (IMOS:US): The packager and tester of computer chips reduced its sales forecast for the third quarter, citing slowing demand. The stock increased 3.7 percent to $1.98 in regular trading.

Dish Network Corp. (DISH:US) : AT&T Inc. (T:US), the largest U.S. telephone company, agreed to offer DirecTV Group Inc. satellite television to its customers, dropping Dish Network. The stock rose 49 cents, or 2 percent, to $24.55 in regular trading.

General Electric Co. (GE:US) may climb to $37.50 a share as the company reduces its reliance on its financial unit and improves operating performance, Barron's said, citing Jack DeGan, chief investment officer of Harbor Advisory. The stock declined 43 cents, or 1.7 percent, to $25.25 in regular trading.

Huntsman Corp. (HUN:US): The chemical maker seeking to force completion of a $6.5 billion buyout by Hexion Specialty Chemicals Inc. hired a valuation firm to provide an opinion that the combined company would be solvent. The stock fell 4 percent to $8.61 in regular trading.

Marathon Petroleum Co. (MRO:US): The fourth-largest U.S. oil company will receive 500,000 barrels of oil from the U.S. Strategic Petroleum Reserve, the Energy Department said. The stock fell 1.8 percent to $40.83 in regular trading.

McClatchy Co. (MNI:US) : The publisher of the Miami Herald entered into an amended agreement with banks on its $1.18 billion credit line, easing cash flow requirements and averting a possible default. The stock rose 25 cents to $4.50 in regular trading.

Prudential Financial Inc. (PRU:US): The second-biggest U.S. life insurer said it expects to take a third-quarter impairment on $18 million of Washington Mutual Inc. (WM:US) fixed-maturity securities. The stock lost 0.7 percent to $73.52 in regular trading.

Starbucks Corp. (SBUX:US) may rise as much as 30 percent in the next year as the coffee maker lowers its operating costs and attracts customers with more menu choices and cheaper beverages, Barron's said, without citing anyone. The stock rose 3 cents to $14.96 in regular trading.

Tyco Electronics Ltd. (TEL:US) may climb as much as 50 percent in the next 18 months, as the company improves operating efficiencies, Barron's said, citing Peter Bates, an analyst at shareholder T. Rowe Price. The stock fell 96 cents, or 3.4 percent, to $27.39 in regular trading.

W.R. Berkley Corp. (WRB:US) shares may reach the mid-30s next year as prices of commercial-insurance lines improve through 2010, Barron's said, without citing anyone. The stock fell $2.25, or 8.7 percent, to $23.75 in regular trading.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

Last Updated: September 28, 2008 16:15 EDT


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