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

Automatic Data Processing (ADP: chart) shares fell 6.9% after the company completed the spin-off of its brokerage services group by distribution of a special tax-free dividend to its shareholders, consisting of roughly 138.5 million shares of common stock of Broadridge Financial Solutions Inc.

Books-A-Million Inc. (BAMM: chart) shares rose 20.2% after the book retailer reported fourth-quarter profit rose 35%, despite a drop in sales at established stores. The company said that its fourth-quarter net earnings increased to $15.1 million, or 90 cents per share, compared with $11.2 million, or 66 cents per share, in the year-ago period. The book retailer said revenue rose 8.4% to $174.6 million versus $161.1 million in the comparable period last year. Same-store sales declined 2.4%.

First Data Corp. (FDC: chart) shares climbed 20.6% after Kohlberg Kravis Roberts & Co. agreed to take it private in a $29 billion deal. This is one of the largest private equity deals of the year, coming in second only to KKR''s deal to buy energy company TXU Corp. for $31.8 billion.

Georgia Gulf Corp. (GGC: chart), chemicals maker, said it swung to a fourth-quarter loss as a jump in costs and one-time charges offset revenue growth. The company posted a loss of $47.2 million, or $1.38 per share, compared with a profit of $18.7 million, or 55 cents per share, a year ago. Revenue rose 31% to $681.5 million from $518.9 million in the year-ago period. Shares of the company climbed 6.5%.

Global Imaging Systems (GISX: chart) shares jumped 46.9% after the company agreed to be acquired Xerox (XRX: chart) for a cash price of $29 per share. The deal carries a total purchase price of about $1.5 billion and represents a premium of about 49% over Tampa-based Global Imaging''s Friday closing price of $19.50.

Novavax (NVAX: chart) shares surged 23.1% after the biopharmaceutical company said preclinical research showed its flu vaccine candidate triggered an immune response and provided protection against avian influenza.

Simclar Inc. (SIMC: chart) shares jumped 17.9% after the company said that its fourth-quarter earnings increased to $949,000, or 15 cents per share, compared with a year-ago profit of $192,000, or 3 cents per share.

Allot Communications Ltd. (ALLT: chart), network technology company, said that it is lowering its first-quarter and fiscal 2007 outlooks due to weaker sales from some distributors. The company said it now sees its first-quarter revenue between $8.2 million and $8.3 million, down from its prior guidance for a level similar to its fourth-quarter sales of $9.6 million. First-quarter earnings are expected to decline on the lower revenue. Shares fell 23.7%.

FirstCity Financial Corp. (FCFC: chart) shares fell 9.9% after the company said it will delay the filing of its 2006 annual report beyond the extended filing date of April 2, due to an ongoing independent investigation by its audit committee. The financial services company said it does not know whether the outcome of the investigation will have a material effect on its financial condition or prior results.

Focus Enhancements Inc. (FCSE: chart) shares fell 15.5% after the company wrote in its 2006 audit report that it is uncertain of the company''s ability to continue as a going concern.

M&T Bank Corp. (MTB: chart) shares fell 8.8% after the company said trouble in its subprime residential mortgage segment will reduce first-quarter net income from $1.50 to $1.60 per share. The company was expected to earn $1.86 per share in the first quarter, according to average Thomson Financial estimate. First-quarter profit will be cut by $7 million, or 7 cents per share, as a result of a $12 million reduction in the carrying value of M&T''s so-called Alt-A mortgage portfolio held for sale.

Pope & Talbot Inc. (POP: chart), forest products company said it swung to a profit in the fourth quarter, as refunds from a long-running soft lumber dispute between the U.S. and Canada offset the effect of a weakening lumber market. The company posted a profit of $83 million, or $5.09 per share, compared with a loss of $33.6 million, or $2.07 per share during the same quarter in 2005. Revenue fell 16% to $190 million, versus $226.8 million during the same period a year earlier. Shares declined 7.6%.


[R]1:45PM NY – 6:30PM Frankfurt – Telecoms in Italy, banks in Germany and retailers in the UK drive major exchanges higher across Europe.[/R]

Indexes across the European markets rose on deal news. Italian index gained 0.44% at close on an offer from AT&T and American Movil to buy an indirect controlling stake in Telecom Italia. The bid may come under resistance from Italian government indicated by Communications Minister Paolo Gentiloni. He said that the government deems the telecom company as strategic asset and will encourage local banks to bid for the asset.

TeleocoM Italia (TI: chart) rose 9.2% and Pirelli gained 9.4%.

The news lifted other telecom stocks across the region. Telefonica in Spain jumped 1.3%, Vodafone (VOD: chart) in the UK rose 2.1%, France Telecom in Paris added 2.8% and Deutsche Telekom in Germany advanced 3% at close in respective markets.

Stocks of telecom equipment makers fell on the news of possible global consolidation. Nokia dropped 1.3%, Ericsson lost 1.4% and Siemens edged 0.1% lower.

Italian national carrier Alitalia stocks were halted from trading on the news that Aeroflot and Mediobanca have teamed up be the third bidder for the airline. The airline is expected to report its annual profit statement in the third week in May.