Pre-Market Stock News (September 27, 2007)

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(AMR) AMR has had an 8% stake of Icelandic investment fund and wants to enhance shareholder value; shares up almost 3%.
(BTE) Baytex noted as having most upside and takeover hopes in Canadian Oil Trusts by Cramer on CNBC’s MAD MONEY.
(COP) ConocoPhillips eyes sale of China onshore gas field according to Reuters.
(CPRT)Copart $0.40 EPS vs $0.35 estimate.
(CTIC) Cell Therapeutics study shows Brostallicin in combination with Cisplatin was well-tolerated and produces prolonged disease stabilization.
(CUB) Cubic Corp won a $50.3 million Lockheed Martin  contract award.
(GDI) Gardner Denver noted positively for oil exposure on CNBC’s MAD MONEY.
(GNK) Genco priced secondary offering at $67.00.
(KBH) KBHome -$0.46 EPS vs -$0.70 est.; but continuing operations was over a $6.00 loss; warns of substantial writedowns.
(KNSY) Kensey Nash reaffirmed guidance.
(LDK) LDK Solar signed a five-year contract to supply multicrystalline solar wafers to Taiwan-based Mosel Vitelic.
(MOGN) MGI Pharma announced that the New Drug Application for Aquavan Injection has been submitted to the FDA for review.
(MSFT) Microsoft’s HALO 3 generated $170 million in first day sales.
(NVS) Novartis received non-approvable letter for pain drug from FDA.
(OPMR) Optimal Group to acquire WowWee for some $65 million.
(PAYX) Paychex traded down 1.1% after earnings.
(PLXS) Plexus received FDA approval for manufacturing facility in Asia.
(SIGA) SIGA Tech traded up 15% after positive primate trials on small pox.
(SLM)
(TASR) Taser announced that three more product lawsuits have been dismissed.
(UPL) Ultra Petroleum sold Chinese interests for some $223 million.
(WBCO) Whidbey Island Bank is being acquired by Frontier Bank for approximately $21.40 per WBCO share.
(XFML) Xinhua Finance Media announced additional corporate governance initiatives: appointment of 4 new independent directors and 1 management director and the appointment of an Internal Auditor.
(ZLC) Zale announces agreement to sell Bailey Banks & Biddle for $200 million.