The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index added 0.3% to 2,805.50.

US stocks fell last night after disappointing corporate news from 3M Co and McDonald's, while negative developments in global credit markets caused a shift to safe-haven assets.

Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 3.3% in London yesterday, taking losses in the past two days to 5%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, added 0.9% to $1.08. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, was unchanged at 31 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 0.6% to $13.62.

China Lifestyle Food and Beverages Group (CLF SP): The maker of confectionery products said its controlling shareholder Alliance Food has offered to buy the rest of the company it does not own at 17.8 cents a share. Alliance Food, which holds a 61.2% stake in the company, aims to delist China Lifestyle. Its shares tumbled 12% to 14.5 cents on Dec. 7. Trading was suspended yesterday.

DMX Technologies Group (DMX SP): The Singapore-based network and computer-services provider said it has won a contract from the South Korean government. Financial details were not disclosed. DMX gained 2.5% to 41.5 cents.

KS Energy Services (KST SP): The maker of drilling equipment for explorers said it is teaming up with private equity firm Actis LLP in a $320 million cash and stock purchase of five related companies. KS Energy last traded unchanged at $1.15 on Dec. 7, before it was suspended. The company said it is consolidating its units Global Tech, KS Projects Division, KS Flow Control and Aqua-Terra Supply Co. (AQUA SP) and a related venture SSH Corp. (SSH SP) into a new joint venture with Actis.
Actis will pay $142 million in cash for a 44% stake in KS Distribution, Gary Addison, partner, Southeast Asia, for the UK-based firm, said. Aqua-Terra climbed 5.5% to 29 cents on Dec. 7. SSH gained 4.4% to 24 cents.

PEC (PEC SP): The provider of engineering services to the oil and gas industry said it has bought a 55% stake in EBT Engineering Pte, which provides coating services to the oil and gas industry, for $3.9 million.

Singapore Telecommunications (ST SP): Southeast Asia’s biggest telephone company has lowered the selling price of Apple Inc.’s iPhone as its competitors MobileOne and StarHub start offering the handset from today, the Today newspaper reported. SingTel, as the company is known, slipped 0.3% to $2.99.

Singapore Exchange (SGXL.SI) said yesterday it has launched its new derivatives clearing system SGXClear, which it said has increased capacity to support growth in the derivatives business and a platform to clear more complex and diverse products.

PT Berlian Laju Tanker Tbk (PTBL.SI), a liquid bulk cargo carrier, is doing a joint venture with Miclyn Express Offshore to capture part of the Indonesian offshore support vessel market that it said has an estimated US$200–$250 million ($279–$348 million) in revenues.