U.S. Equity Market Preview (BBI, DFS, FMCN, FUQI, HIG)

Shares of the following companies may see some unusual movements in trading on Wednesday, according to Bloomberg.

Blockbuster, Inc. (NYSE: BBI), a loss making video-rental chain, said that it may file for bankruptcy. The video-rental chain has $855.9 million in debt on its balance sheet. Blockbuster shares closed 4.07% lower at $0.40 on Tuesday.

Discover Financial Services (NYSE: DFS), the credit card company, said on Tuesday that it will repay $1.2 billion it received under the TARP to the government. The company will be the last of the six biggest card issuers in U.S. to return government money. Discover Financial Services shares closed 0.66% higher at $15.30 on Tuesday.

Focus Media Holding Limited (ADR) (NASDAQ: FMCN), a digital media company, reported sales for its fourth-quarter. The sales were ahead of an average analyst estimate.

Fuqi International, Inc. (NASDAQ: FUQI, a Chinese designer of precious metal jewelry, has delayed its filing of annual report due to an accounting review. The company also said that its fourth-quarter earnings were below estimates. Fuqi shares closed 0.37% higher at $19 on Tuesday.

Hartford Financial Services (NYSE: HIG) is planning to raise money through equity and debt offering. The proceeds from the offerings will be used for repaying $3.4 billion received from U.S. government. The funds are expected to be raised within the next ten months. Hartford Financial shares closed 1.64% higher at $27.26 on Tuesday.

Teekay Offshore Partners L.P. (NYSE: TOO), which provides marine transportation and storage services to the offshore oil industry, said it was planning to sell 4.4 million shares. Teekay Offshore shares closed 1.64% higher at $20.50 on Tuesday.