Kraft Foods Group – Morgan Stanley upgraded Kraft to "overweight", citing expected positive results from productivity and restructuring moves by the food producer.
Walt Disney– Disney has struck a deal with Paramount Pictures for marketing and distribution rights to any future "Indiana Jones" movies. Paramount is a unit of Viacom and will retain the distribution rights to the first four films in the series.
Campbell Soup – The canned food maker issued an apology for a Pearl Harbor Day-themed tweet for its SpaghettiOs brand. The tweet contained a picture of its mascot holding an American flag, and was eventually taken down.
Apple – The company is asking a judge to order Samsung to pay $22 million of its legal bills in the patent infringement cases which have already seen Apple awarded $903 million in damages.
HSBC – The bank is considering a stock offering of up to 30 percent of its British retail and commercial banking operations, according to the Financial Times.
AbbVie – AbbVie's experimental leukemia drug scored positive results in an early stage trial. The drug either controlled or eliminated signs of the disease in more than 80 percent of the patients.
Johnson & Johnson, Pharmacyclics– The two companies also had positive results in a study involving a jointly developed leukemia drug. The oral medication known as ibrutinib is proving effective long term in keeping leukemia at bay for most patients.
Tyco – The security system giant is drawing interest for its South Korean unit from both KKR and Bain Capital, according to Reuters. The unit is valued at about $1.6 billion.
Covidien – Covidien is buying Given Imaging for $860 million or $30 per share. Given Imaging is a maker of pills that take photos inside a patient's body.
Gilead Sciences – The drug maker has received FDA approval for use of its Solvaldi medication to treat chronic infection for Hepatitis C patients.
—By CNBC's Peter Schacknow
Questions? Comments? Email us at firstname.lastname@example.org