Whole Foods Market
( WFMI) announced that although there has been property damage and product loss in its stores in Louisiana and Florida, it is unaware of any injuries to its workers. The company also said that it estimates a sales impact on the fourth quarter ending Sept. 25 in the range of $5 million to $6 million. Whole Foods operates five stores in South Florida and three in Louisiana. The stock was down 66 cents, or 0.51%, to $128.60 in after-hours trading.
, a developer of community shopping centers, announced that its shopping centers have incurred limited damage from Hurricane Katrina. It includes minor structural damage, flooding in certain spaces, and cosmetic matters. Equity One said that it anticipates its total out-of-pocket costs net of insurance recoveries will be around $850,000. The stock was unchanged at $23.28.
announced that it has completed its acquisition of
. StorageTek shareholders will receive $37 a share in cash for each share for a total value of $4.1 billion. Sun Microsystems was up a penny, or 0.26%, to $3.81 in after-hours trading.
Penn National Gaming
said its Casino Magic-Bay St. Louis, in Bay St. Louis, Miss., and the Boomtown Biloxi casino in Biloxi, Miss., remain closed. The company is unable to provide a date as to when they will be reopened. Penn's Casino Rouge property in Baton Rouge, La. reopened on Tuesday. The casino operator said it carries comprehensive business interruption and property damage insurance for both casinos with an overall limit of $400 million. Penn also said its business interruption insurance component of this policy's properties is $58 million and the company's property damage insurance is subject to deductibles for Casino Magic-Bay St. Louis and Boomtown Biloxi of approximately $6 million and $3.5 million. The stock was unchanged at $34.08.
reported that its three affiliated hospitals located in the New Orleans market and one affiliated in Gulfport, Miss., have all sustained damage from the hurricane. Two were being evacuated and two have remained operational. HCA said it can not estimate the physical damage or the financial impact to its operations or when operations will return to normal. The stock was unchanged at $49.30.