Government debt prices extended declines Wednesday after the Federal Reserve announced plans to keep interest rates near zero and said it is prepared to buy long-term Treasurys if it would improve credit market conditions. ...

Data Domain, Inc. (Nasdaq: DDUP) 19% LOWER; reports Q4 non-GAAP EPS of $0.10, 6 cents better than the analyst estimate of $0.04. Revenue for the quarter was $85.2 million, versus the consensus of $83.41 million. Sees Q1 revenues between $79 million and $84 million vs. consensus of $84.78 million. Sees Q1 non-GAAP net income per diluted share in the...

The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Economics: 8:30am ET Chain Deflator for Q4 - Street expects 0.6% GDP for Q4 - Street expects down 5.4%, compared to down 0.5% in Q3 Earnings: American Axle & Manufacturing (NYSE: AXL) - consensus loss $0.60, revs $5...

Oshkosh Corporation (NYSE: OSK) 32.9% LOWER; reports Q1 loss of $0.28, versus the analyst estimate of ($0.12). Revenue for the quarter was $1.39 billion, versus the consensus of $1.35 billion. Withdraws its previously issued outlook. The stock was also downgraded to Hold at KeyBanc this morning. Click here for more color on the rating change. Banne...

StreetInsider.com Morning Movers: POZEN Inc. (NASDAQ: POZN) 30% HIGHER; Informed by FDA That Endoscopic Gastric Ulcer Incidence Continues to Be an Acceptable Primary Endpoint Lloyds Banking Group plc (NYSE: LYG) 25% LOWER; UK banks continue to see extreme volitility. DryShips, Inc. (Nasdaq: DRYS) 23% LOWER; filed to offer up to $500 million in comm...

UPGRADES: Merrill Lynch upgrades Chubb (NYSE: CB) from Neutral to Buy. Morgan Stanley upgrades Affymetrix (Nasdaq: AFFX) from Underweight to Equalweight. Goldman Sachs upgrades Smith & Nephew plc (NYSE: SNN) from Neutral to Buy, and adds the stock to its Conviction Buy List. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrad...

GSI Commerce Inc. (Nasdaq: GSIC), and Innotrac Corporation, (Nasdaq: INOC) announced that they have mutually agreed to terminate their merger agreement based on current prevailing market valuations. Neither party has any financial obligation to the other as a result of the termination. Tetra Tech (Nasdaq: TTEK) today announced that that it has a...

Sepracor (Nasdaq: SEPR) 15.9% HIGHER; reports Q4 EPS of $0.77, may not compare to the analyst estimate of $0.56. Revenue for the quarter was $369.7 million, versus the consensus of $352.71 million. Sepracor is cutting 530 jobs. Sees FY09 EPS $2.10 to $2.70 may not compare to consensus of $1.43. Sees FY09 revenue $1.15 to $1.25 billion versus $1.37 ...

The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Economics: 8:30am ET Durable Orders for Dec. - Street expects down 2% Initial Jobless Claims for the week of 1/24 - Street expects 575K Earnings: 1-800-Flowers.com (Nasdaq: FLWS) - consensus EPS $0.33 Alaska Airlines (N...

Funding fears set the tone on Thursday as the FTSE 100 slid from a two-week high ...