MetLife (MET), Discover Financial (DFS) are Big Movers

NYSE:

New York Community Bancorp,(NYB) up $1.07 at $13.40 New York Community acquired failed Ohio bank AmTrust Bank from the Federal Deposit Insurance Corp.

Terra Industries Inc., (TRA) up $2.22 at $41.27 CF Industries Holdings Inc.(CF) sweetened its hostile takeover offer for the rival fertilizer maker, boosting the cash portion of its bid.

Continental Airlines Inc., (CAL) down 84 cents at $15.90 The airline is planning a $200m offering of convertible senior notes due 2015 for general corporate purposes.

Discover Financial Services,(DFS) up 23 cents at $15.41. An analyst upgraded the credit-card lender and said loan-loss levels will be smaller than previously expected.

McDermott International Inc., (MIQ) up $2.20 at $22.86. The construction and engineering company plans separate into two companies, with existing shareholders owning 100% of both.

MetLife Inc.(MET) up 35 cents at $35.68. The life insurer projected Q4 and 2010 operating earnings mostly above analyst estimates.
Cummins Inc.,(CMI) up $1.38 at $45.08.
An analyst added the diesel engine maker to a list of favorite stocks, saying its poised to benefit from demand in emerging economies.

NASDAQ:

ATS Medical Inc.,(ATSI) up 13 cents at $3.03. The company announced that it received approval to distribute its suture less aortic heart valve in the European Union.