STOCKS NEWS US-LDK shares down after Q-Cells ends supply pact

Stocks on the move Real-time Equity news U.S. stock market report 0837 EST 02Nov2009-LDK shares down after Q-Cells ends supply pact ------------------------------------------------------------------------------ Shares of LDK Solar fell in premarket trading on Monday, after Q-Cells said it had ended a wafer supply agreement with the company. Q-Cells said that LDK hadn't fulfilled "significant contractual obligations" with regard to the agreement. For details, see Shares of LDK sank 7.4 percent to $6.28 before the bell. Reuters Messaging: [e-mail] 0823 EST 02Nov2009-CF Industries lifts cash portion of hostile offer for Terra ------------------------------------------------------------------------------ CF Industries Holdings Inc raised the cash portion of its hostile offer for Terra Industries Inc on Sunday. The new bid is about 5 percent higher than the previous one. CF said it offered to acquire Terra for $32 in cash -- including a $7.50 special dividend that Terra plans to pay -- and 0.1034 of a share of CF common stock for each Terra share. That would amount to $40.61 per share, based on CF's Friday closing price, and represents a 28 percent premium to Terra's Friday closing price, the company said in a statement. For details, see Shares of Terra gained 12 percent to $35.72 in premarket trading, while CF was down 0.6 percent to $82.75. Reuters Messaging: [e-mail] 0756 EST 02Nov2009-Denbury to buy Encore for $3.2 billion ------------------------------------------------------------------------------ Denbury Resources Inc agreed on Monday to buy Encore Acquisition Co for $3.2 billion, or $50 per share. The per-share offer price represents a 35 percent premium above Encore's Friday closing price. For details, see Shares of Denbury closed Friday at $14.60, while Encore ended at $37.07. Reuters Messaging: [e-mail] 0748 EST 02Nov2009-Futures gain after Ford results, ahead of data ------------------------------------------------------------------------------ U.S. stock index futures were up on Monday after Ford Motor Co reported a surprise third-quarter profit and ahead of data expected to show U.S. manufacturing grew for a third straight month in October. For details, see Dow Jones industrial average futures rose 36 points, while S&P 500 futures gained 4.3 points, and Nasdaq 100 futures were up 4.25 points. Reuters Messaging: [e-mail] 0739 EST 02Nov2009-Nordstrom upgraded to "buy" at Deutsche Bank ------------------------------------------------------------------------------ Deutsche Bank upgraded Nordstrom Inc to "buy" from "hold" on Monday, seeing earnings growth at the department store chain through cost reductions and lean inventory. The firm raised its price target on the stock to $45 from $36 and said it sees same-store sales growth of 8 percent in October. For details, see Shares of Nordstrom closed Friday at $31.78. Reuters Messaging: [e-mail] 0736 EST 02Nov2009-Chip sales up 20 pct sequentially in Q3-trade group ------------------------------------------------------------------------------ Global sales of semiconductors rose 19.7 percent on a sequential basis in the third quarter, according to the Semiconductor Industry Association. The sales growth was more than expected, and the trade group's forecast upbeat full-year sales. For details, see Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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