huntsman hexion

Morning Movers 10/09: Financials Up Even As Short Selling Ban En...

StreetInsider.com News Articles  Thu, 10/09/2008 - 07:29

StreetInsider.com Morning Movers: Huntsman Corp. (NYSE: HUN) 40% HIGHER; Hexion Specialty Chemicals said it is proceeding expeditiously to seek to close its merger with Huntsman.

Hexion said, to assist it in closing the merger, affiliates of Apollo Management, L.P. have agreed to make a capital contribution of $540 million to Hexion.

National City Corporation (NYSE: NCC) 22% HIGHER; Reports National City (NCC) is in merger talks with a number of banks.

Ruby Tuesday (NYSE: RT) 12% LOWER; reports Q1 EPS of $0.01, versus the analyst estimate of $0.11.