Naz News, Gappers and FLE's

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Hot stocks watch:

Among the companies with shares expected to actively trade in Wednesday's
session are Rambus Inc. (RMBS), Ulta Salon Cosmetics & Fragrance Inc. (ULTA)
and First Solar Inc. (FSLR).


Rambus said South Korea's SK Hynix Inc. (HXSCF, 000660.SE) has agreed to pay
$240 million as part of a patent dispute over memory-chip technology that has
dragged on since 2000. Rambus shares jumped 10% to $8.87 after hours Tuesday.


Ulta Salon's fiscal first-quarter earnings rose 20% as the beauty-products
retailer benefited from double-digit sales growth. Shares of Ulta were up 9.6%
at $92.20 in after-hours trading as profit and revenue beat expectations.


First Solar has begun an offering of 8.5 million shares as the solar-panel
maker looks to raise funds for general corporate purposes. The company had 87.8
million shares outstanding as of May 3. Shares were down 7.4% at $48.42 after
hours.


Icahn Enterprises LP (IEP) said it has commenced an offering of depositary
units representing limited partner interests, but didn't specify how many units
it was selling. The firm had about 109.5 million units outstanding as of May 2.
Units slipped 5.7% to $75.01 after hours.

Watchlist:


Enbridge Energy Partners L.P. (EEP) said it intends to file plans to spin off
some of its natural gas and natural-gas midstream assets in an initial public
offering, joining a stream of companies forming master limited partnerships in
the sector.


Newcastle Investment Corp. (NCT) plans to offer 30 million shares and will
use proceeds for general corporate purposes, including acquisitions of senior
housing properties. The real-estate investment trust had 253 million shares
outstanding as of May 2.


Oxford Industries Inc.'s (OXM) fiscal first-quarter earnings sank 24% as the
apparel company posted higher costs related to the expansion of its Tommy
Bahama and Lilly Pulitzer brands, masking stronger revenue and margins.


Pandora Media Inc. (P) is buying a small radio station in South Dakota in an
effort to lower its royalty rates.


PetSmart Inc. (PETM) said outgoing Chief Executive Bob Moran will step down
from the board, and named Gregory P. Josefowicz to the role of chairman.


Spectra Energy Corp. (SE) said it plans to drop down its remaining U.S.
transmission and storage assets to Spectra Energy Partners (SEP) by the end of
the year, a move that will allow both companies to increase their dividends.


Yum Brands Inc. (YUM), the parent company of Taco Bell, Pizza Hut and KFC,
said its same-store sales in China fell an estimated 19% in May, as KFC
continues to suffer from the lingering impact of a bird-flu scare and quality
issues with some of its chicken suppliers. The key sales figure was in line
with Wall Street analysts' expectations, according to Consensus Metrix, and
marked some improvement from April, when it dropped 29%.


Write to Nathalie Tadena at [e-mail]


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(END) Dow Jones Newswires

June 12, 2013 06:28 ET (10:28 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

061213 10:28 -- GMT