STOCKS NEWS US-Hologic up on talk of Philips' interest--traders

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1113 ET 11Mar2010-Hologic jumps on talk of Philips' interest-
traders

Shares of Hologic Inc jumped more than 5 percent to 18-month highs on Wednesday, due to talk that Philips maybe interested in acquiring the company, traders in London and New York said.

A Philips spokesman in Amsterdam declined to comment.

Shares of Hologic, which makes the ThinPrep test for cervical cancer and Selenia digital mammography systems, rose as high as $18.95.

Hologic did not immediately respond to a request for comment.

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1023 EST 11March2011-Overbought stocks in S&P 1500 hit 16
year high

Heading into Thursday's trading, the percentage of overbought stocks in the S&P 1500 Composite Index was at 77 percent, the highest reading since 1994, a sign of strong momentum and that investors are committing money into equities, according to John Kolovos, market technician at Concept Capital in New York.

'When momentum is strong, internal overbought conditions reach a higher extreme which is a sign of accumulation and broader participation,' he said in a note. The S&P 1500 is one of the broadest measures of U.S. equity performance, comprising all stocks in the S&P 500, mid-cap S&P 400, and small-cap S&P 600.

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0944 EST 11March2011
Wall St opens lower on jobless data, China CPI

Wall Street fell at the open on Thursday after data showed U.S. weekly jobless claims fell less than expected and Chinese consumer inflation jumped to a 16-month high in February.

The Dow Jones industrial average was down 20.63 points, or 0.20 percent, at 10,546.70. The Standard & Poor's 500 Index dipped 3.03 points, or 0.26 percent, at 1,142.58. The Nasdaq Composite Index fell 8.24 points, or 0.35 percent, at 2,350.71.

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0914 EST 11March2011
Top Prudential investors warm to giant AIA deal

Major shareholders in Britain's Prudential Plc are warming to the insurer's $35.5 billion bid for American International Group Inc's Asian business following meetings with chief executive Tidjane Thiam, investor sources said.

Thiam, who has been meeting UK investors this week to explain the merits of the blockbuster deal, appears to be winning over skeptics, they said.

AIG shares were up nearly five percent in pre-market trade shortly after Reuters reported growing backing for the deal. For more on this story, see

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0901 EST 11March2011
Boston Scientific gets FDA OK for Iliac stent

Boston Scientific Corp said on Thursday the U.S. Food and Drug Administration had approved its Express LD Iliac premounted stent system for use in iliac arteries.

The company said it plans to launch the product in the United States
immediately.

Boston Scientific shares gained 2.9 percent to $7.87 in premarket trade.

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0851 EST 11March2011
Imax climbs after Q4 earnings

Imax Corp reported a fourth-quarter profit on Thursday of 6 cents a share, which matched Wall Street expectations while revenue of $54.2 million was above analysts' expectations of $45.3 million.

The giant-screen movie theater operator said it was poised to deliver a 'strong first quarter,' based theater signings and a record box office quarter-to-date.

U.S. listed shares rose 1.1 percent to $16.19 in premarket trade.

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0804 EST 11March2011
UBS upgrades Dr Pepper to 'buy'; ups share view

Shares of Dr Pepper Snapple Group Inc rose 1.9 percent to $34.30 in premarket trade on Thursday after UBS raised its rating on the stock to 'buy' from 'neutral.'

UBS increased its price target on the stock to $42 from $31 and said the 'market is not fully valuing strong fundamentals and a rapid current and pending share repurchase.'

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0755 EST 11March2011
Buckle Q4 profit beats estimate

Apparel retailer Buckle Inc posted a better-than-expected fourth-quarter profit on Thursday, boosted by solid online sales.

The company reported quarterly earnings of 90 cents a share versus Wall Street expectations of 84 cents a share.

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