[R]2:30PM NY, U.S. Market Movers[/R]

Accredited Home Lenders Holdings (LEND: chart) soared 22% after the sub-prime mortgage lender said it obtained more financing. The company received $1.1 billion in new financing, consisting of a new $500 million warehouse facility from a large commercial bank. The company also renewed $600 million warehouse facility with an investment banking firm. The company is in discussions with another investment bank relating to the possible renewal of an existing $650 million warehouse facility.

Astea International (ATEA: chart), provider of service lifecycle management software applications, reported a fourth-quarter loss of $713,000, or 20 cents per share, wider than its year-ago equivalent loss of $701,000, or 20 cents per share. The company said it has concluded the accounting for a 2004 contract with a customer of its U.K. unit was incorrect so it''s restated certain results to fix the timing and classification of revenue. Shares fell 12%.

Cell Genesys (CEGE: chart) reported promising data from its second mid-stage trial of its treatment for prostate cancer. GVAX Immunotherapy for metastatic hormone-refractory prostate cancer showed a better-than-expected median survival in the trial. Shares of the company climbed 26.7%.

Chicago Bridge & Iron (CBI: chart) shares were upgraded by Goldman Sachs saying they are the primary beneficiaries of the current capacity squeeze in the engineering and construction industry. Shares of the company jumped 7.6%.

Computer Programs & Systems Inc. (CPSI: chart) shares climbed 7.7% after the company was upgraded to buy at Sidoti & Co. The firm also lifted its price target on the stock to $34 from $28.

Continental Airlines (CAL: chart) shares climbed 8% after the airline announced solid March traffic. The company reported a gain of 3.4% in March traffic. The company also said that passenger revenue per available seat mile increased by 4.5% to 5.5% compared to a year ago. Continental saw strong gains in its Latin American and transatlantic segments.

Dean Foods (DF: chart) shares climbed 5% after the dairy producer announced the completion of $4.8 billion in new financing. The credit facilities consist of a $1.5 billion five-year senior secured revolver; a $1.5 billion five-year senior secured term loan A, and a seven-year $1.8 billion senior secured term loan B. The company also announced the completion of a special dividend of $15 per share.

Dollar Financial Corp. (DLLR: chart) shares climbed 6.2% after the company said it is developing an Internet-based lending platform for its three global business units. The financial services company said it expects to offer its CustomCash installment loan product later this month in the U.S. through the Internet.

Evergreen Solar (ESLR: chart) shares rose 7% after the maker of solar-power products received a contract extension from SunEdison. The new agreement calls for Evergreen to ship an additional $316 million in photovoltaic modules to SunEdison through 2011.

IDI Pharma Inc. (IDMI: chart), biopharmaceutical company, said it will meet with a Food and Drug Administration advisory panel May 9 to discuss its application for Junovan. The drug is aimed at treating osteosarcoma, a type of malignant bone cancer, following surgical resection in combination with chemotherapy. IDM will meet with the Oncologic Drugs Advisory Committee, which will then give its recommendation to the FDA. Shares jumped 21.1%.

iRobot Corp. (IRBT: chart), robot maker, said it received a delivery order from the U.S. Navy to build additional bomb-disposal robots for U.S. forces overseas. The Naval Sea Systems Command is paying the company $14 million to make the robots, bringing the total value of the orders placed to $66 million. Shares of the company climbed 13.9%.

Kohlberg Capital (KCAP: chart) shares climbed 9.3% after the company said it was upgraded to buy at A.G. Edwards.

Lawson Software (LWSN: chart) shares gained 10% after the company said it would delay its fiscal third-quarter financial filings, but projected profit and revenue would come in ahead of its own and Wall Street expectations. Earnings are expected to exceed previous guidance ranging from a loss of a penny a share to breakeven, or per-share income of 2 cents to 3 cents before items. Lawson expects to report third-quarter revenue of $190 million to $192 million, excluding $1.8 million of deferred maintenance and service revenue.

Layne Christensen Co. (LAYN: chart), provider of construction and drilling services, posted significantly higher quarterly results topping Wall Street estimates, helped by strong demand in its water, minerals and energy markets, and its shares rose more than 11%. For the fourth quarter, the company reported earnings of 42 cents a share on revenue $193.1 million, compared with 20 cents a share on revenue of $146.7 million in the same period last year. The company said the latest quarter includes a gain of $920,000 from the sale of its interest in a minerals concession. Revenue at the company''s water and wastewater infrastructure division rose 30.6% for the quarter boosted by acquisitions, while revenue at its mineral exploration unit rose 25.3%. Shares climbed 9.2%.

Compudyne Corp. (CDCY: chart) shares fell 10.7% after the company posted a loss of $16.4 million, or $1.95 per share, for the fourth quarter, compared with a year ago loss of $456,000, or 6 cents per share. Revenue fell to $33.9 million from $40.7 million in the same period a year earlier.

Inphonic Inc. (INPC: chart) slumped 11% after the wireless-services company said it will restate downward its financials for the past three quarters following a review of its internal controls and accounting. The company expects its full-year loss to widen by a range between $5 million and $7 million. Losses from continuing operations were previously reported as $17.3 million.

Iridex Corp. (IRIX: chart) said its current liquidity and capital will not be sufficient to meet operating needs for the next 12 months and its auditors included a going concern qualification in its annual report. Shares dropped 20.4% after the company reported a fourth-quarter net loss of $3.77 million, or 48 cents a share, compared with a net profit of $381,000, or 5 cents a share, in the year-ago period. Revenue fell to $9.04 million from $10.4 million last year.

[R]1:00PM NY European markets posted gains, boosted by utility and mining stocks.[/R]
European stocks posted gains on Tuesday, helped by news that German utility giant E.On will abandon plans to buy Spain''s Endesa. The mining sector also provided support as copper prices advanced. Higher opening on Wall Street further drove sentiment higher. Shares in Germany''s E.On gained after it reached an agreement with rivals Acciona and Enel SpA to withdraw a bid for Spanish utility Endesa SA in exchange for a portfolio of the Spanish group''s European assets. Shares of Acciona rose 5.9%, Enel added 1.3% while Endesa eased 0.8%. Other utilities, including Suez and Scottish & Southern rose by more than 1.5%. In Spain, Gas Natural rose 3.4% and Union Fenosa increased 4%. In other deal moves, shares in German tire maker Continental rose 3.2% on bid speculation. Miners were among the notable advancers on firm copper prices, with Rio Tinto and BHP Billiton helping the resource sector to advance more than 2%. The German DAX 30 increased 1.6% to 7,045.56, the French CAC-40 index rose 1.2% at 5,711.91, and the U.K. FTSE 100 closed up 0.6% at 6,366.10.