NEW YORK ( TheStreet) -- ITT ( ITT) plans to split into three publicly traded companies.

Shares of ITT were surging by 16.7% to $61.60 in premarket trading Wednesday.

American International Group ( AIG) agreed to sell its 97.6% interest in Nan Shan Life Insurance, Taiwan's third-biggest insurer, for $2.16 billion in cash.

Shares of AIG rose 0.5% to $59.35 in premarket trading.

Pluristem Therapeutics ( PSTI) was surging by 14.2% to $2.73 in early trading after National Securities initiated coverage on the stock with a buy rating, according to reports.

Tiffany ( TIF) was up 4.7% to $63.40 in premarket trading after it raised its earnings outlook for the fiscal year ending Jan. 31, based on strong holiday sales.

Comverse Technology is likely to pursue a sale of its subsidiary Verint Systems ( VRNT), the Wall Street Journal reports.

No premarket trades were reported for Verint. The stock ended Tuesday's trading session at $35.63, up 1.2%.

Arch Coal ( ACI) lowered its full-year outlook late Tuesday, saying it now sees adjusted earnings of $1.11 to $1.15 a share, below the $1.25 to $1.40 view it provided in late October.

Shares of Arch Coal fell 3.6% to $34.25 in premarket trading Wednesday.

Cliffs Natural Resources ( CLF) agreed to acquire Canada's Consolidated Thompson Iron Mines for $4.95 billion.

The stock fell 0.5% to $84.54.

Lululemon Athletica ( LULU) provided a strong outlook, saying it now sees earnings of 55 cents to 57 cents a share for its fiscal fourth quarter ending Jan. 31 on revenue of $237 million to $239 million. Its prior projection was for a profit of 46 cents to 48 cents a share on revenue ranging from $210 million to $215 million.

Shares of the company were popping by 8.1% to $72.65 in early trading Wednesday.

>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:


Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

CEOs Are Dropping Like Flies

Downgraded AIG Isn't Finished Falling

Downgraded AIG Isn't Finished Falling

Former AIG CEO Greenberg Can Pursue Defamation Suit Against Spitzer

How to Make Easy Money on Apple's iPhone X Worldwide Reveal: Market Recon