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Via News Contrast:

S&P FAIR VALUE +$1.92.

(NASDAQ:ALKS) & (NASDAQ:CEPH) Alkermes and Cephalon are both higher on a once per month alchoholism treatment Vivitrol® approval out of the FDA; ALKS +3% and CEPH +0.5%.
(BEZ) Baldor Electronic $0.32 EPS vs $0.32e.
(NYSE:BSC) Bear Stearns is reportedly selling a minority stake to China Construction Bank in a deal that could be worth $4B according to the WSJ; has reportedly been denied by the Chinese bank.
(C’) Citigroup $1.11 EPS vs $1.02e; stock indicated up $1.00.
(NASDAQ:CPHD) Cepheid Inc submits Xpert EV for FDA regulatory clearance for meningitis.
(NASDAQ:CMVT) Comverse is delaying its annual report on restatements; stock down 7%.
(NASDAQ:CTRP) Ctrip.com noted in Barron’s as portfolio manager’s favorite pick as the way to play the boom in China.
(NYSE:ETN) Eaton indicated $1 higher on earnings and raised guidance.
(NASDAQ:FLEX) Flextronics approved up to $250M for share buybacks; sells software business to a “KKR

Source: Monday Pre-market Notes By Ticker