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Via News Contrast:

S&P Fair Value -$0.13.
The US 10 year T-Note yield has gotten over the 5.00% mark for the first time since 2002.

(ACAS) American Capital Strategies invests $63M in buyout of Primrose, an early childhood education center.
(AMD) Advanced Micro Devices $0.38 EPS vs $0.30e; R$1.33B vs $1.33B(e); targets sequentially flat to slightly down revenues (Consensus is $1.35B est.); stock down $1.12 pre-market.
(ARLP) Alliance Resources Partners acquired rights to 99.3M tons of coal reserves in Kentucky.
(ARQL) ArQule CFO is leaving the company.
(AVNX) Avanex names new CFO.
(BIDU) Bidu.com up $2.00 on Google comments.
(CGX) Consolidated Graphics will explore strategic alternatives.
(DRC) Dresser Rand registered 20M shares for selling holders.
(ETM) Entercom moves to dismiss lawsuit filed by Spitzer according to WSJ.
(EXAS) Exact Sciences CFO has resigned.
(GE) General Electric $0.39 EPS vs $0.39e; guides next Q $0.46-0.48 vs $0.47e; sees 2006 $1.94-2.02 vs $1.99e; will expand into airport and toll road development.
(GILD) Gilead Sciences invests $25M in private Seatle-based Corus Pharma.
(GM) General Motors' dividend is at risk over accounting changes according to WSJ.
(GOOG) Google’s head of Chinese operations has reportedly said he would consider buying businesses to grow market share and to compete against Bidu.com. Google is also launching “Calendar

Source: Thursday Pre-market Notes By Ticker Symbol