Among the companies with shares expected to actively trade in
Wednesday's session is Entropic Communications Inc. (ENTR).
Entropic unveiled a restructuring plan which includes a 10%
reduction in its global workforce as the chip maker also said it
expects second-quarter revenue at the lower end of its previous
guidance. Shares sank 5.8% to $4.07 after hours.
Watchlist:
Avanir Pharmaceuticals Inc. (AVNR) and OptiNose AS reached an
exclusive North American licensing deal to develop OptiNose's
Breath Powered system, a potential treatment for acute
migraines.
Embattled beauty company Avon Products Inc. (AVP) said it would
sell its struggling jewelry business for $85 million in cash,
removing another drag on its performance as it works to turn itself
around under Chief Executive Sheri McCoy.
Standard & Poor's Ratings Services lowered its long-term
ratings on Barclays Bank PLC (BCS, BARC.LN), Credit Suisse AG (CS,
CSGN.VX) and Deutsche Bank AG (DB, DBK.XE) by a notch, citing
increasing risks facing Europe's large banks as regulators and
uncertain market conditions continue to make operating in the
industry more difficult.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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