This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tuesday's Winners & Losers: Talbots

Shares of Mirant (MIR) rose 2% after the energy company said that it would buy back up to $1.25 billion in stock through a "Dutch Auction" tender offer and laid out plans to sell its Philippines and Caribbean businesses. Mirant plans to buy up to 43 million shares of stock at prices ranging from $25.75 to $29 a share. The tender offer will be funded with cash on hand and through a term loan.

Mirant said the sales of the operations in the Philippines and the Caribbean are expected to close by the middle of 2007. In the meantime, the businesses will be reported as discontinued operations beginning in the third quarter of this year. "As Mirant generates cash from these sales, it plans to continue returning cash to its shareholders while maximizing the value of its net operating loss carryforwards," the company said. Shares were trading up 48 cents to $27.28.

ChoicePoint (CPS) shares fell 9% after the company announced plans to sell three businesses. The company, which collects consumer information, plans to sell its direct marketing, forensic DNA and shareholder services businesses. "These changes will focus our resources and energies on those businesses that we believe have the greatest growth potential and leverage our core competencies," ChoicePoint said. "We also believe this sharper focus will allow us to strengthen our relationships with customers and enhance shareholder value." Shares were trading down $3.67 to $36.91.

NYSE volume leaders included Lucent Technologies (LU), down 10 cents to $2.24; EMC (EMC), up 3 cents to $10.44; Pfizer (PFE), down 43 cents to $23.44; Alcoa (AA), down $1.58 to $31.83; Time Warner (TWX), down 35 cents to $16.32; Nortel Networks (NT), down 2 cents to $2.22; AT&T (T), down 9 cents to $27.29.

Nasdaq volume leaders included JDSU (JDSU), down 9 cents to $2.07; Microsoft (MSFT), down 37 cents to $23.13; Cisco Systems (CSCO), down 57 cents to $18.40; Intel (INTC), down 8 cents to $18.10; Sun Microsystems (SUNW), up 7 cents to $3.89; Oracle (ORCL), down 21 cents to $14.38; and Sirius Satellite Radio (SIRI), up 3 cents to $4.31.

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs