U.S. stocks traded lower Monday as the Dow Jones Industrial Average fell 141 points to 10010, the Vibram Five Fingers Kso Standard & Poor's 500 declined 16 points to 1049 and the Nasdaq Composite dropped 34 points to 2120. Among the companies whose shares are actively trading in the after-hours session are Winn-Dixie Stores Inc. (WINN) and Elan Corp. (ELN). Winn-Dixie's fiscal fourth-quarter profit grew 49% as the regional supermarket chain's results benefited from an extra week in the latest quarter, although same-store sales slid as it moved to protect margins. Earnings topped expectations and shares rose 3.4% to $8.29 in late trading. Elan announced plans to purchase $186 million of its outstanding debt that's due in 2013, through a tender offer. The Irish neuroscience biotechnology company said it is using money from the sale of its Alzheimer's treatment to Johnson & Johnson (JNJ). Elan shares gained 1.2% to $4.38 in after-hours trading. Regular-Session Movers: Biotechnology company Genzyme Corp.'s (GENZ, $69.91, +$2.29, +3.39%) board has again unanimously rejected an $18.5 billion takeover proposal from Sanofi-Aventis SA (SNY, $28.63, -$0.29, -1.00%) that became public Sunday, although Genzyme buy Womens Vibram Five Fingers Flow seemed to leave the door open for future talks with a higher starting price. DG FastChannel Inc. (DGIT, $15.11, -$9.43, -38.43%), a provider of digital media services, forecast results for the rest of the year below Wall Street expectations, saying revenue has been pressured because of a shift in one of its platforms' business models. 3M Co. (MMM, $79.65, -$1.35, -1.67%) agreed to acquire Cogent Inc. (COGT, $11.09, +$2.18, +24.40%) in a deal valued at $943 million, though it will only pay $430 million thanks to the big cash pile the maker of fingerprint-identification systems has. The buy Vibram Five Fingers Kso deal will strengthen the industrial conglomerate's offerings in high-security ID systems and law-enforcement products. Intel Corp. (INTC, $17.96, -$0.41, -2.23%), the world's largest semiconductor company, agreed to buy the wireless unit of Germany's Infineon Technologies AG (IFNNY, $5.61, -$0.33, -5.56%) for $1.4 billion, or EUR1.1 billion in cash, both companies said Monday in a joint release. Fossil Inc. (FOSL, $47.95, +$1.94, +4.22%) announced plans to repurchase up to $750 million of its stock, one-quarter of the watch retailer's current market value, through 2013 in becoming the latest corporation putting its cash to work. Ceragon Networks Ltd. (CRNT, $8.60, +$0.82, +10.54%) said it has received new orders from a "leading" Indian operator for its FibeAir-brand products, which is seen adding to revenue for the maker of wireless access products next year. Charles Schwab Corp. (SCHW, $12.82, -$0.40, -3.03%) announced its first Ugg Kohala acquisition of a money manager in seven years, agreeing to buy Windward Investment Management Inc. to broaden its push into the rapidly growing exchange-traded fund market. Schwab, the largest discount broker by market capitalization, said it would pay $150 million in cash and stock to purchase Windward, an investment advisory firm which it has provided custodial services to for the last 15 years. Oppenheimer raised its stock-investment rating on CSG Systems International (CSGS, $18.28, +$0.54, +3.04%), a provider of customer interaction management and billing solutions, to outperform from perform, saying the company has been disproportionately punished during the ongoing market downturn. Insurance-industry software maker Ebix Inc. (EBIX, $18.57, -$0.99, -5.06%) agreed to acquire Adam Inc. (ADAM, $5.46, +$2.29, +72.24%), a health-information and benefits technology company, for $66 million in a step toward establishing Ebix as a health-information exchange. A company controlled by Emmis Communications Corp. (EMMS, $1.70, -$0.32, -15.87%) Chairman and Chief Executive Jeffrey H. Smulyan said it is "unlikely" it will be able to reach deals with a financier and a group of preferred-stock holders that would allow the radio station operator's proposed buyout to be completed. Hewlett-Packard Co.'s (HPQ, $38.56, +$0.56, +1.47%) board has Ugg Koolaburra Double Fringe authorized an additional $10 billion to buy back its own stock, with the announcement coming as the technology giant's stock has slumped about 17% this month. Jefferies cut its stock-investment rating on apparel company Lululemon Athletica Inc. (LULU, $31.90, -$3.63, -10.22%) to underperform from hold, saying recent data suggest a decelerating U.S. retail environment at a time when Lululemon is building inventories and elevating investments. Health-care provider MedCath Corp. (MDTH, $7.96, +$0.35, +4.60%) said it has agreed to sell its interest in Avera Heart Hospital of South Dakota to Avera McKennan for about $20 million. BMO Capital Markets raised its stock-investment rating on Noble Energy Ugg Koolaburra Erika Short (NBL, $68.56, +$1.32, +1.96%) to outperform from market perform, as the analysts said they have long viewed the exploration and production company and its global reach as an investment alternative to what remains a challenged domestic gas story. "This characteristic may make for a more defensive thesis today, but one we believe could take on greater distinction and value should the challenges facing natural gas producers prove more chronic than not," the firm wrote. Chip maker QLogic Corp. (QLGC, $14.94, +$0.13, +0.88%) announced plans to repurchase up to $200 million of stock in the next two years, joining a host of companies moving to buy back stock at reduced prices. Sara Lee Corp. (SLE, $14.34, -$0.41, -2.78%) has launched a tender offer for all of the $1.11 billion of 6.25% notes due 2011 it has outstanding, using proceeds from a planned sale of new debt to fund the purchase. Sinopec Shanghai Petrochemical Co. (SHI, $39.30, -$2.09, -5.05%), Ugg Koolaburra Mikala Tall an oil refiner and China's largest ethylene manufacturer by capacity, said Monday its average petrochemical product prices in July and August fell 10% from the levels in the first half, hurt by intense competition. A California superior court judge denied Skilled Healthcare Group Inc.'s (SKH, $2.47, -$0.30, -10.83%) motion for a mistrial in the mismanagement case the company lost in July. The health-care provider had filed the motion earlier this month, saying a juror in the case had concealed bias. In July the company was ordered to pay $677 million in restitution for alleged mismanagement of 22 of its nursing facilities. Settlement discussions in the case are ongoing. Susquehanna cut the rating on chip maker Texas Instruments Inc. (TXN, $23.25, -$0.90, -3.73%) to neutral from positive on broad macro weakness, which has been cited as concern for the whole industry. "While we believe TXN is likely a share gainer into 2011, it will not be immune to a macro slowdown," the firm said. Others down included Advanced Micro Devices Inc. (AMD, $5.78, -$0.30, -4.93%) and JDS Uniphase Corp. (JDSU, $9.50, -$0.47, -4.71%). United Airlines' parent UAL Corp. (UAUA, $20.71, +$0.26, +1.27%) and Continental Airlines Inc. (CAL, $21.89, +$0.09, +0.41%) said they expect their merger to close Oct. 1 after they were notified that the Department of Justice has mbt shoes mbt
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