Among the companies with shares expected to actively trade in
Tuesday's session are Delta Air Lines Inc. (DAL), NuPathe Inc.
(PATH) and YRC Worldwide Inc. (YRCW).
Delta Air Lines said its fourth-quarter earnings soared on an $8
billion noncash gain related to the reversal of a tax valuation
allowance. The Atlanta-based carrier expects to increase capacity
by 2% to 3% in the current quarter. Shares edged up 3.4% to
$32.14.
NuPathe scrapped its merger pact with Endo Health Solutions Inc.
(ENDP) in favor of a $144 million bid from Teva Pharmaceuticals
Inc. (TEVA), potentially giving the small drug developer the
support it needs to launch its migraine treatment. NuPathe shares
dropped 7.5% to $4.05 premarket as investors had hoped for a
bidding war.
YRC Worldwide has struck a tentative pact to extend a collective
bargaining agreement with the International Brotherhood of
Teamsters, a move that comes after union workers rejected a
contract extension. YRC shares surged 18% to $18.60 premarket.
Watch List:
Consol Energy Inc. (CNX) said it plans to spend roughly $1.5
billion this year, mostly to increase the pace of natural-gas
production. Chairman and Chief Executive J. Brett Harvey said
Consol plans to apply the roughly $1 billion in proceeds from the
sale late last year of some noncore coal assets toward its capital
spending budget.
Cracker Barrel Old Country Store Inc. (CBRL) said it will call a
special meeting sought by activist investor Sardar Biglari in order
to avoid added costs and distractions. Mr. Biglari has called for
the restaurant chain to pursue all options, including a potential
sale, and has sought a special meeting of shareholders to vote on
such a plan. Cracker Barrel set that date for April 23.
Johnson & Johnson (JNJ) said its fourth-quarter earnings
rose 37% as the company's pharmaceutical segment continued to lead
sales growth. For the year, the maker of products from Band-Aids to
knee-replacement parts forecast per-share earnings mostly below
consensus estimates.
Jos. A. Bank Clothiers Inc.'s (JOSB) board has recommended
shareholders reject a $1.6 billion takeover bid by rival Men's
Wearhouse Inc. (MW), calling the offer "inadequate." The
recommendation by the board, which Jos. A. Bank said it would make
by Friday, urged shareholders to reject the bid and not tender
their shares to Men's Wearhouse's cash offer.
Mondelez International Inc. (MDLZ) has named Nelson Peltz to its
board, a move that follows the activist investor's claims last year
that the snack maker had done too little to cut costs.
Pfizer Inc. (PFE) said a clinical study measuring the efficacy
and safety of its treatment to help smokers quit met its primary
and secondary endpoints.
Regions Financial Corp. (RF) said its fourth-quarter profit fell
14% as the Birmingham, Ala.-based lender continues to fix its loan
portfolio through debt restructuring. Revenue topped views.
Rockwell Collins Inc. (COL) said its fiscal first-quarter
earnings slid as charges related to a major acquisition offset a
slight boost in the defense contractor's sales. Rockwell also
raised its full-year outlook.
Travelers Cos. (TRV) said its fourth-quarter profit soared, as
the large commercial and personal-lines insurer benefited from a
quarter with no major catastrophes. The bottom line topped
estimates.
Verizon Communications Inc. (VZ) said it swung to a
fourth-quarter profit, as the phone carrier continues to benefit
from rising wireless and FiOS customers.
Write to Lauren Pollock at lauren.pollock@wsj.com
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