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Market Summary Asian trading closed with the Hang Seng Citigroup C denied new claims by Australia in a conflict-of-interest case against the U. Delta Air Lines DALRQ official creditors' committee said it supported the air carrier's FDX Stock Options to file its proposed reorganization plan, but said the committee "will continue to consider potential alternatives in order to maximize the ultimate recoveries for the unsecured creditors in the Delta bankruptcy.
Some analysts cited a slowing economy. Analysts had expected per-share income of 31 cents.
The move underscores a broader turn away from options rewards amid scandals. Sutherlin, who has served as president of Joy Mining Machinery sincewill assume his new role on Dec. Juniper Networks JNPR said the audit committee review of the company's stock-options grants is complete, and has determined that there were "numerous instances in which grant dates were chosen PMC-Sierra PMCS cut its quarterly sales target due to slower demand for its chips used in high-speed Internet networking gear and data-storage equipment.
Siemens AG's SI Medical Solutions unit said it will begin clinical trials under an investigational new drug application submitted to the Food and Drug Administration for an imaging biomarker that could potentially identify Alzheimer's disease prior to the onset of noticeable symptoms. Ultratech UTEK revised its fourth-quarter outlook to a loss of 25 cents to 30 cents a share from its prior view of a loss of 10 cents to 15 cents a share.