Market Roundup (FINL, CAGC, BAC, MTG, WFC, NYSE, NYT)

Shares of Finish Line (NASDAQ: FINL) jumped after the company announced profits of $6.6 million, or 12 cents a share, in its third quarter. FINL’s results were driven by a onetime tax gain of $6.5 million associated with the termination of its plans to acquire Genesco (NYSE: GCO).

China Agritech Inc (NASDAQ: CAGC) announced that it had reached its 2009 sales target of 80,000 metric tons of organic granular fertilizer. CAGC successfully introduced its new organic granular fertilizer products in 2Q09, solidifying its organic fertilizer branding and geographic penetration in China. The plan also propelled the sales growth of CAGC’s classic liquid organic fertilizer.

The Countrywide unit of Bank of America (NYSE: BAC) is suing top mortgage insurer MGIC Investment (NYSE: MTG) over denied claims. MTG 's stock has slipped by more than 9.12% to $5.78 in today’s trade.

Wells Fargo (NYSE: WFC) has finishes repaying $25 billion in TARP funds. WFC has also paid $131.9 million in dividends, bringing the overall dividends paid so far to $1.44 billion. The Treasury still holds warrants on 110 million shares at $34.01.

Wells Fargo has upgraded newspaper stocks, Gannett (NYSE: GCI) and New York Times (NYSE: NYT). Analysts at Wells Fargo said, “After years of downward revenue estimate revisions, it appears as though the newspaper ad market is improving more quickly than we previously anticipated, particularly in December.”