Top Consumer Shares:
Consumer shares are fairly flat in pre-bell trading today.
) shares are up about 1% after it signed three contracts totaling
approximately $2.7 billion with SPE, an affiliate of
Sonelgaz-Algeria's national electricity and gas company.
GE is to supply proven and reliable heavy-duty gas turbine
combined-cycle and aeroderivative gas turbine technology for nine
power plants. The addition of nearly nine gigawatts of electricity
will help strengthen Algeria's power sector to help meet the
growing requirements of the country.
And Potbelly (
) will likely price its IPO at between $9 and $11 per share and
will sell about 7.5 million shares, meaning it could raise upwards
of $82 million.
And, ADT Corp. (
) says it will offer $1,000,000,000 of senior unsecured notes due
The company will use the net proceeds from the offering
primarily to repay $150 million in borrowings under its revolving
credit facility, repurchase outstanding shares of its common stock
and for other general corporate purposes, including
ADT closed at $42.32 with a 52-week range of $34.68 -
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