Among the companies with shares expected to trade actively in
Friday's session are Renren Inc. (RENN), Document Security Services
Inc. (DSS) and Zoom Technologies Inc. (ZOOM).
Retail giants Wal-Mart Stores Inc. (WMT) and Target Corp. (TGT)
reported strong Thanksgiving Day traffic in stores and online as
shoppers honed in on big ticket electronic products. Wal-Mart said
it recorded more than 10 million register transactions between 6
p.m. and 10 p.m. Thursday in its stores, while Target said sales
were among the highest it has seen in a single day online. Wal-Mart
shares edged up 52 cents to $81.45 in light premarket trading,
while Target rose 1.2% to $65.21.
Renren's revenue fell while overall expenses surged, driving the
Chinese social networking company to a wider loss in the third
quarter. American depositary shares of Renren fell 8.4% to $3.07
premarket as the company's fourth-quarter guidance came in well
below expectations.
A unit of Document Security Systems, which develops and
integrates security technology, filed a patent lawsuit against
Apple Inc. (AAPL). The case centers on patents related to the use
of wireless peripheral devices. Shares of Document Security Systems
were up 12% premarket at $2.10.
China's Zoom Technologies said it agreed to acquire
mobile-advertising service Baifen Tonglian Information and
Technology Co. Shares of Zoom more than tripled to $7.50
premarket.
Watch List:
The Department of Health and Human Services is going to replace
Verizon Communications Inc.'s (VZ) Terremark subsidiary as its
web-hosting provider for the federal health-insurance marketplace
and replace it with Hewlett-Packard Co. (HPQ), The Wall Street
Journal reported, citing people familiar with the matter.
Kinder Morgan Energy Partners L.P. (KMP) plans to file an
application with Canada's federal regulators on Dec. 16 to nearly
triple the size of a pipeline carrying oil to the country's Pacific
coast, the head of the company's Canadian unit said Wednesday.
OCZ Technology Group Inc. (OCZ) said Toshiba Corp. (TOSYY) has
offered to acquire the embattled data-storage company in a planned
bankruptcy proceeding, an offer that could stave off a potential
liquidation of the company.
Washington Post Co. (WPO), which will become Graham Holdings Co.
(GHC), said it would sell its headquarters building and property in
downtown Washington to Carr Properties for about $159 million.
Write to Lauren Pollock at lauren.pollock@wsj.com
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