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Ann, CBS, Glencore, Harman, McDonald’s: U.S. Equity Preview
2012-03-12 09:33:01

Ann Inc. (ANN) : The women’s clothing retailer is poised to rise to the mid-$30s in the next 12 to 18 months if its Ann Taylor revenue recovers and margins improve, Barron’s reported, citing Marshall Kaplan of Morgan Stanley Smith Barney.

CBS Corp. (CBS) : The owner of the most-watched broadcast network’s profit will climb by $180 million this year from political advertising, Chief Executive Officer Les Moonves said at a conference yesterday.

Glencore International Plc (GLCNF) (GLCNF US): The largest publicly traded commodities trader made a 3.5 billion-pound ($5.49 billion) bid for Viterra Inc. (VT) , Canada’s largest grain handler, The Sunday Telegraph reported, without saying where it got the information.

Google Inc. (GOOG) : The owner of the world’s most popular Web search engine’s share of the U.S. market rose to 66.4 percent in February, according to comScore.

Harman International Industries Inc. (HAR) : The maker of audio equipment for cars and homes is poised to rise 20 percent as more drivers equip their vehicles with satellite navigation displays and voice-controllable communication devices, Barron’s reported.

McDonald’s Corp. (MCD) : Shares of the world’s largest restaurant chain may be overpriced, Barron’s reported in its “The Trader” column.

Michael Kors Holdings Ltd. (KORS) (KORS US): The luxury-goods maker and retailer named for the designer who founded it filed for a secondary offering of 25 million shares.

New Frontier Media Inc. (NOOF) : The Boulder, Colorado- based adult entertainment company confirmed it received an unsolicited buyout offer from Longkloof Ltd. at $1.35 a share. New Frontier rose 17 percent to $1.32 on March 9 after Longkloof said it made the offer.

To contact the reporters on this story: Whitney Kisling in New York at wkisling@bloomberg.net; Zachary Tracer in New York at Ztracer1@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

http://www.bloomberg.com/news/2012-03-09/google-michael-kors-new-frontier-u-s-equity-preview.html





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