Ford, General Mills, Calpine, Cemex, US Airways are among big ...

by Bureau News

NYSE:

Ford Motor Co., up 35 cents at $7.36

The automaker is targeting the fast-growing Asian market, boosting production in the region, and will make a low-cost small car in India.

General Mills Inc., up $2.83 at $63.80

Cheaper ingredients and strong demand for the food maker’s products grew first quarter profit, and it raised its outlook for the year.

US Airways Group Inc., down 71 cents at $4.52

The airline is selling 26.3 million shares to Citigroup Inc., with an option for 3.95 million more, diluting current stockholders.

CenturyLink, up $1.28 at $32.57

Morgan Stanley upgraded the telecommunications company, formerly known as CenturyTel Inc., saying a recent acquisition will help cut costs and share buybacks may return soon.

Calpine Corp., down $1.05 at $11.30

A major stockholder, hedge fund Harbinger Capital Partners, will offer 20 million shares of the power generation company to the public.

AutoZone Inc., down $11.42 at $141.50

The auto parts retailer’s fourth-quarter profit dropped 3 percent due to an extra sales week in the year-ago period.

Cemex SAB de CV, up 5 cents at $13.05

A share offering should yield about $1.55 billion for the Mexican cement giant; meanwhile, EU regulators raided its Spanish offices.

NASDAQ:

Xilinx Inc., up $1.11 at $23.83

Shares hit a 12-month high after the chip maker said second-quarter sales will grow 10 percent rather than a previous 2 percent forecast.

NEW DELHI - US auto giant Ford Motor Co Wednesday unveiled its first small car for the Indian market, "Ford Figo". The Figo, which is colloquial Italian for "cool", will be manufactured at the company's Chennai facility and launched in markets by early 2010.

Ford to make low-cost compact car in India as US automaker targets fast-growing Asia

MUMBAI/NEW DELHI - For the second consecutive day Jet Airways flights were disrupted following an ongoing agitation by pilots, leading to cancellation of 160 flights across the country Wednesday, an airline official said. Many pilots continued to report sick Wednesday despite a Bombay High Court order last evening restraining them from resorting to any form of strike in the country's largest private airline.

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