Rocks and Boulders

INTC - margins/expenses coming in better than expected; top line trends improved, but not as good as some non-print forecasts; outlook for Q4 positive.

SVN – Ad sales fell more than 7.5% in the 3Q because of weakness in the Chicago market. The company is also reviewing its dividend p[policy among responses to the resulting shortfall in profit and cash flow.

LUV- is adding 25 markets to the 18 it serves from Dallas Love Field Airport, an aggressive hometown expansion brought by the loosening of a federal law that has restricted flying from the airport for decades. WSJ

JNJ—Prudential upgrades to Neutral from UW, targets $70 citing improved outlook for pharma division, lower business model risk, and valuation.

YHOO reported a 16 cent net, ex-items, matching estimates on revenues of $1.12B. It lowered 4th qtr revenue guidance as expected but stock rose after company said it rolled out its Panama search feature in the US this past week.

MFN announced a proposed $75M convertible notes offering

Nikkei up .25%
Gold spot 589.70 unch
Oil 58.37 -.26
Dollar: euro 1.2514 -.0045; yen 119.05 +.29