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Stocks to Watch (CF, BRCM, ING, LYG, FGXI)

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CF Industries Holdings, Inc. (NYSE: CF)(FREE stock trend analysis) on Tuesday said it will not seek to extend its financing commitments for its proposed acquisition of Terra Industries Inc. (NYSE: TRA)(FREE stock trend analysis) and made no assurance that it will take more action to buy the fertilizer company. In the pre-market session, TRA is down 4% to $32.

Broadcom Corporation (NASDAQ: BRCM)(FREE stock trend analysis) raised its revenue guidance for the current quarter on Tuesday. BRCM now expects Q4 revenue to be up about 5% sequentially, to about $1.32 billion, compared to previous guidance of $1.25 billion. In the pre-market session, BRCM is up 0.50% to $30.50.

ING Groep N.V. (ADR) (NYSE: ING)(FREE stock trend analysis) is up 4.66% to $9.88 in the pre-market session. Today, ING Groep N.V. stated that approximately 97% of its EUR7.5 billion rights issue was subscribed, enabling it to repay the first half of the EUR10 billion it owes the Dutch state before the end of this year.

Lloyds Banking Group PLC (ADR) (NYSE: LYG)(FREE stock trend analysis) said on Wednesday it does not expect to make any further payment to U.S. authorities in regard to charges that it faked records so clients from restricted countries including Iran could do business with it, after agreeing to forfeit $350 million to the U.S. authorities in January.

FGX International Holdings Limited (NASDAQ: FGXI)(FREE stock trend analysis) has signed a definitive agreement to merge with a subsidiary of Essilor International in a $565 million deal, to boost its presence in the growing market for non-prescription reading glasses. FGX International shareholders will receive $19.75 per share in cash upon completion of the merger. In the pre-market, FGXI is up 8.82% to $19.49.

 

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