Stocks in focus for Tuesday: Alcoa, Pepsi Bottling, Sealy

Jul.08, 2008 in Market Outlook

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to
see active trade in Tuesday’s session are Alcoa Inc., Pepsi Bottling Group Inc.,
and Sealy Corp.

Alcoa (AA) is expected to report second-quarter earnings of 66 cents a share,
according to analysts surveyed by FactSet Research.

Pepsi Bottling Group (PBG) is forecast to post earnings of 75 cents a share in
the second quarter.

Sealy Corp. (ZZ) is estimated to report a profit of 5 cents a share in the second
quarter.

After Monday’s closing bell, IndyMac Bancorp Inc. (IMB) said that regulators have
concluded that the lender isn’t “well capitalized” after it failed to raise new
capital. IndyMac is also barred from accepting new brokered deposits unless it
gets a waiver from the Federal Deposit Insurance Corp. , but the company said
it’s not certain a waiver will be granted. It will also cut 3,800 jobs, bringing
staff levels to roughly 3,400. Second-quarter losses may be larger than the
first-quarter, the company also warned. See full story
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AirTran Airways, the discount airline operated by AirTran Holdings Inc.(AAI),
will cut 480 jobs, or more than 5% of its workforce, because of high fuel prices,
The Wall Street Journal reported in its online edition, citing company sources.
AirTran told the newspaper that 180 pilots and 300 flight attendants will be
affected by the cuts, which are expected to take effect by early September.

Ambac Financial Group Inc. (ABK) said late Monday that downgrades by all three
rating agencies cost the firm increased collateral-posting requirements and lost
business, but that it still has enough liquidity to honor business commitments.
Downgrades in June cost Ambac $506 million in increased collateral-posting
requirements and investment agreement terminations of $270 million, Ambac said.

Apollo Group Inc. (APOL) said it named Charles Edelstein as chief executive,
effective Aug. 26. Founder John Sperling will continue to serve as chairman.

Washington Post Co. (WPO) said it named former Wall Street Journal managing
editor Marcus Brauchli as executive editor of the Washington Post’s print and
online editions.

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