Willis Group (WSH Quote) climbed Friday on word it will buy back about $400 million of its shares from J.P. Morgan Securities under its current stock repurchase program. After the deal closes, the share repurchase program will have $339 million of authorization remaining for buyback. Shares were up 59 cents, or 1.6%, to $39.67.
Impac Mortgage (IMH Quote) rose after completing a $1.4 billion securitization on loans totaling $2.4 billion. The Irvine, Calif., mortgage-investment firm also slashed its per-share dividend by 15 cents to a dime, but shares were gaining 31 cents, or 6.8%, to $4.85. Nymex (NMX Quote) saw heavy trading after a Bank of America analyst said the market's current volatility could amp up trading volume and provide a near-term upward catalyst for the commodities exchange. He upped the stock's rating to buy from neutral. Shares, however, were recently down 57 cents to $135.15. W.P. Stewart (WPL Quote), meanwhile, fell a day after cutting its dividend to 15 cents a share from 23 cents previously and announcing it will incur an 11-cent per-share charge in the first quarter due to employee terminations. Shares of the Bermuda-based asset manager were slumping $1.03, or 9.4%, to $9.97. W Holding (WHI Quote) sank on a Cohen Brothers downgrade to sell from hold. Shares of the Puerto Rico-based bank were recently off 27 cents, or 5.1%, to $5.02.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,291.26 | 1,098.51 | 2,166.90 | 34.74 |
Oil *
77.90
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UP
44.29
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UP
5.50
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UP
15.82
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DOWN
0.08
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10 Yr
3.47%
SPDR Gold
109.60
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+0.43%
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+0.50%
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+0.74%
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-0.23%
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