Among the companies whose shares are expected to actively trade
in Tuesday's session are MGIC Investment Corp. (MTG), Molycorp Inc.
(MCP) and Rambus Inc. (RMBS).
MGIC Investment said it contributed $200 million to increase the
statutory capital at its principal insurance operation. Shares
slipped 4.8% to $3.55 in recent premarket trading, though Chairman
and Chief Executive Curt S. Culver said the additional capital was
an important step in allowing the company to write new insurance on
a nationwide basis.
Molycorp reported that more than three-quarters of the Phase 1
rare-earth production at its flagship California manufacturing
facility has been committed, helping the rare-earth mining company
meet its allocation target for last year. Shares were up 3.5% to
$24.83 in recent premarket trading.
Rambus raised its fourth-quarter revenue guidance, two weeks
after reaching a five-year patent license agreement with Broadcom
Corp. (BRCM) that settles all outstanding claims between the two
companies. Shares recently were trading 8.5% higher at $8.19
premarket.
Watch List:
Drug developer Aveo Pharmaceuticals Inc. (AVEO) reported its
lead drug candidate demonstrated survival superiority over a
currently approved therapy in a Phase 3 trial examining the
efficacy of the drug for patients living with advanced renal cell
carcinoma.
Another Eastman Kodak Co. (EK) director has resigned, marking
the third departure in two weeks from the struggling imaging
company's board.
Noah Education Holdings Ltd. (NED) said Chief Executive Jerry He
resigned for personal reasons effective Sunday, after taking on the
job just nine months ago.
PG&E Corp. (PCG) said its residential customers will see
mostly modest increases in gas and electric rates entering the new
year, to provide the California utility added revenue for buying
energy and investing in new plants and equipment.
Pioneer Drilling Co. (PDC) has acquired a privately held
provider of coiled tubing services for roughly $110 million in
cash, a purchase the company said it expects to add to earnings
this year.
Radvision Ltd. (RVSN, RVSN.TV) raised its fourth-quarter
forecast, saying it expects solid sales of its video endpoints and
stronger-than-expected infrastructure sales to help it post results
ahead of initial expectations.
Regeneron Pharmaceuticals Inc. (REGN) said it entered a
nonexclusive licensing agreement with Roche Holding AG's (RHHBY)
Genentech Inc. unit in a partial settlement of a dispute related to
Regeneron's Eylea, which treats a leading cause of legal blindness
in the elderly.
Sears Holdings Corp. (SHLD) hired Ron Boire, the former
president and chief executive of Brookstone Inc., to lead its lead
merchandising and retail stores for both the Sears and Kmart
brands.
Citigroup adds VF Corp. (VFC) to its Top Picks Live list while
upgrading the apparel maker to buy and boosting its price target
$20 to $157. "We see continued top-line growth from strong brands,
secular growth opportunities" and double-digit gains in outdoor
from its Timberland purchase "and the continued strength of The
North Face, which will also likely gain more momentum" this year
when Dick's Sporting Goods Inc. (DKS) "starts to open shop-in-shops
for the brand," Citigroup says.
-Edited by Ian Thomson and Maya Pope-Chappell; write to
ian.thomson@dowjones.com and maya.pope-chappell@dowjones.com