NEW YORK ( TheStreet) -- Women's apparel retailer Ann Taylor(ANN) was surging 9.1% to $26.42 in premarket trading Friday after reporting fourth-quarter earnings of 19 cents, beating estimates by 2 cents.
Shares of Aeropostale (ARO) were tumbling 7.9% to $22.69 after the mall-based seller of casual apparel said it expects inflationary pressures to hit its bottom line in fiscal 2011.
Clearwire (CLWR) was tumbling 3.5% to $5.55 after CEO Bill Morrow resigned from his role for personal reasons, according to the 4G specialist, which appointed chairman John Stanton as his interim replacement on Thursday.
Oil and gas company Valero Energy (VLO) was popping 3.2% to $27.15 in premarket trading Friday after peer Chevron (CVX) agreed to sell the company its Pembroke Refinery and other downstream assets in the U.K. and Ireland. Chevron was falling 1.2% to $97.90.
Reinsurers and insurers were experiencing pressure after the massive earthquake hit Japan. Aflac (AFL) was falling 2.9% to $54.10 and Berkshire Hathaway (BRK.B) was falling 1.1% to $84.02. Reinsurers such as Swiss Re (SWCEY) and Hannover ( HVRRY ) were experiencing pressure overseas as the devastating impact of the event unfolded.
U.S. airline carriers were moving higher in premarket trading after a massive earthquake devastated Japan and resulted in the cancelation of many Asian flights. AMR (AMR) was rising 2% to $6.66, Delta Air Lines (DAL) was rising 1.4% to $11.34. >>Search for Highest Dividends by Rate or Yield
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