Among the companies with shares expected to actively trade in
Monday's session are International Business Machines Corp. (IBM),
NCR Corp. (NCR) and Halliburton Co. (HAL).
IBM posted sharply lower earnings in its third quarter as sales
fell across several divisions and the tech giant reached a deal to
transfer its semiconductor operations to Globalfoundries Inc. The
company also acknowledged it won't meet its goal of posting
earnings of at least $20 a share next year, a target it stood by
for five years. Shares fell 6.7% to $169.89 in premarket
trading.
NCR, which makes point-of-sale devices and automated teller
machines, cited weakness in the retail industry and fear over
customer-data security as the company cut its guidance for the
year. Shares dropped 12.1% to $26.25 premarket.
Halliburton said Monday its board approved a 20% increase to its
quarterly dividend, while also reporting a 16% jump in revenue
during the third quarter. Shares rose 4% to $54.70 premarket.
Canadian Pacific Railway Ltd. (CP, CP.T) said Monday that
exploratory talks with CSX Corp. (CSX) about a possible merger have
ended and no further discussions are planned. CSX's shares lost
3.7% to $32.60 premarket.
eBay Inc. (EBAY) said Monday that venture capitalist Marc
Andreessen has decided to resign from the company's board. His
resignation follows eBay's announcement last month that it would
spin off its PayPal unit. Shares edged up 0.5% to $48.19
premarket.
Steven Madden Ltd. (SHOO) cut its 2014 guidance as the footwear
and accessories company projected disappointing third-quarter
results, mostly on weakness in its retail segment. Shares fell
10.5% to $28.60 premarket.
Sears Holdings Corp. (SHLD) said it would lease seven locations
to European fashion retailer Primark, while it also unveiled a
debt-rights offering that could generate as much as $625 million
and help fund operations during the holiday-shopping season. Shares
gained 1.8% to $28.93 premarket.
Hasbro Inc. (HAS) said Monday that strong sales growth in its
boys' division, which includes Transformers and Marvel toys, helped
drive a 43% earnings boost in its September quarter. Shares were 2%
to $54.95 premarket.
Mitel Networks Corp. (MITL, MNW.T) on Monday made public a $540
million offer to buy ShoreTel Inc. (SHOR), a move that would speed
consolidation in the business-telecom industry. ShoreTel's shares
jumped 16.7% to $7.60 premarket.
Platform Specialty Products Corp. (PAH), an acquisitive chemical
company part-owned by activist investor William Ackman, confirmed
Monday it will acquire rival Arysta LifeScience Ltd. for about
$3.51 billion.
Valeant Pharmaceuticals International Inc. (VRX, VRX.T), whose
business model has been criticized by buyout target Allergan Inc.
(AGN), posted earnings that exceeded expectations
Gannett Co. (GCI) said its third-quarter earnings rose as
continued revenue growth in its broadcasting business and its
digital businesses offset declines at its publishing
operations.
Peabody Energy Corp. (BTU) posted a wider loss in its September
quarter as revenue fell across all segments for the coal-mining
company.
Watchlist:
Activist investor Elliott Management Corp. on Friday nominated a
slate of seven candidates to the board of Family Dollar Stores Inc.
(FDO), saying the existing leadership missed an opportunity to
"facilitate a bidding war" between Dollar Tree Inc. (DLTR) and
Dollar General Corp. (DG).
Barron's Watchlist:
CBS Corp. (CBS, CBSA) is off 23% from its high in March, but CEO
Les Moonves has found new revenue sources, Barron's said in a
recent article. The stock could easily regain the losses in the
coming year, the article said.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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