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

Cbeyond (CBEY: chart) was upgraded by Raymond James to ""strong buy"" from ""outperform"", saying the risk versus reward opportunity for the broadband service provider is more compelling, following recent weakness. The brokerage said the company possesses a robust growth outlook with expected revenue growth of 30% for the next several years and even higher EBITDA growth.

Gold Reserve (GRZ: chart) shares soared 46.1% after the company said the Venezuelan government has granted approval to the Brisas Enviromental and Social Impact Assessment for the exploitation and processing of gold and copper mineralization. This has led to the issuance of a permit to start construction on the company''s Brisas project, which Gold Reserve estimates has NI-43-101 reserves of 485 million tons of ore grading 0.67 grams per ton gold and 0.13% copper containing 10.4 million ounces of gold and 1.3 billion pounds of copper.

H.B. Fuller Co. (FUL: chart), paint and adhesives maker, reported an almost 36% rise in first-quarter profit due to strong pricing and cost controls. The company said profit rose to $20.8 million, or 34 cents per share, from $15.3 million, or 26 cents per share, in the year-ago quarter. Revenue rose 5.6% to $351.8 million for the quarter. The company also raised its full-year 2007 earnings outlook to between $1.65 and $1.75 a share from a previous expectation for a range between $1.58 and $1.68. Shares of the company jumped 9.6%.

Industrial Services of America Inc. (IDSA: chart), waste and recycling management services provider, said that its fourth-quarter net income increased to $729,728, or 20 cents per share compared with $415,536, or 12 cents per share, in the year-ago period. Revenue declined to $14.6 million versus $19.7 million in the same period a year earlier. Shares climbed 27.8%.

M&F Worldwide Corp. (MFW: chart) shares rose after John H. Harland Co. shareholders approved the company''s $52.75-per-share cash acquisition by M&F. M&F, whose Clark American unit is a leading check printer, agreed in December to buy its larger competitor for $52.75 per share in cash. Billionaire financier Ronald Perelman owns about 38% of M&F, which also makes licorice products for the tobacco and food sectors.

Syntax-Brillian Corp. (BRLC: chart) sold 2.1 million shares for $15.5 million in a private transaction with two affiliates of the company. The investors include an entity controlled by John Jung-Jyh Wu, president and chief executive of TCV Group, Syntax-Brillian''s main supplier of plastic injection-molded parts, and WesTech Electronics Ltd., a Singapore provider of electronic parts for BRLC''s Olevia-brand TVs. Shares climbed 6.8%.

Vyyo Inc. (VYYO: chart), communications-equipment maker, jumped 14% on the news that it has arranged for $35 million in new financing from Goldman Sachs. Half of the unsecured note, which has a $10 per-share conversion price, will pay off pre-existing bonds held by Goldman. The other half will be used to speed deployment of the Norcross, Ga. company spectrum overlay product and related services.

AngioDynamics (ANGO: chart), diagnostic and therapeutic device maker, said it hired D. Joseph Gersuk as chief financial officer, effective April 16. The company also said that it swung to a fiscal third-quarter loss of $10.4 million, or 55 cents per share, from a profit of $1.88 million, or 14 cents per share, a year earlier. Excluding stock-based compensation, one-time acquisition costs and other items, earnings were $3.4 million, or 18 cents per share, up from $2 million, or 15 cents per share, a year ago. Net sales for the quarter rose 35% to $26.7 million from $19.8 million a year ago. AngioDynamics expects adjusted fourth-quarter earnings of 13 to 25 cents a share and revenue of $40 million to $43 million. Shares of the company fell 19.5%.

Delta Air Lines Inc. (DALRQ: chart) said it applied to list its shares on the New York Stock Exchange after the airline emerges from reorganization. Shares of the company fell 29.1%.

New Century Financial (NEWC: chart) franchise value has largely been destroyed, and the subprime lender has gone too far down the bankruptcy path to reverse course, according to a Merrill Lynch & Co. analyst. Kenneth Bruce, who rates New Century ""sell,"" said potential acquirers of all or part of New Century are likely to be scared away as the Irvine, California-based lender''s loans get sold and amid a flurry of regulatory and legal actions. Shares fell 22%.


[R]1:30PM NY – 6:30PM Frankfurt – Rising oil prices drag European markets lower at close.[/R]

European markets closed lower across the region led by a decline of 1% in Switzerland and 0.6% decline in Germany, France and the Netherlands. U.K. markets closed lower by a fraction.

Volatile oil price shot up more than $5 on rumors of Iranian missile launch targeting American ships. Rumors were denied by the U.S. Navy but oil managed to close up more than $1 per barrel.

BP (BP: chart) and Royal Dutch Shell closed higher at close however, mining companies Rio Tinto (RTP: chart) and BHP Billiton (BHP: chart) closed lower.

Auto stocks in France closed lower on rising oil prices. Renault declined close to 1%. Airline stocks also fell led by a drop in Air France-KLM and British Air. British Air dropped after Times of London newspaper reported that it is considering to bid for a stake in local carrier BMI.

Bank stocks came under pressure after ABN Amro (ABN: chart) said that it will explore all options if talks with Barclays are not successful. The bank also urged shareholders to disregard an activist motion to breakup bank in several parts. Austrian bank Raiffeisen fell 3% on fourth quarter earnings rise of 51% but weak guidance for the year 2007.

ArcelorMittal (MT: chart) chairman Laxmi Mittal said in a New York meeting to investors that the company is seeking opportunities to expand beyond its roots in steelmaking. The company is likely to diversify into other metals making and deepen its iron ore mining operations. The company currently mines 45% of its iron ore needs and is likely to meet its 75% needs internally by the year 2010. The company also views opportunity in increasing its metals distribution business in Europe and the U.S. and thinks that tubes and pipes business can add value to its operations.

French tube maker Vallourec rose 4% on the rumors that ArcelorMittal may bid for the company. Arcelor denied that it is interested in the company.