CACI International–CACI cut its full year earnings and revenue targets, with the government IT contractor citing the impact of delays in new contract awards and an overall reduction in government spending.
Juniper Networks–The networking equipment maker is planning to cut its workforce by 6 percent, mostly in middle management positions. The reduction will result in a charge of roughly $35 million against first quarter earnings.
Credit Suisse–The bank is setting aside an extra $480 million dollars to cover costs related to a possible tax deal with the United States, more than doubling its existing provision. Credit Suisse would not comment on whether the increase is an indication that a final deal with the U.S. over tax issues is close. The bank is under investigation for allegedly helping wealthy Americans hide their money and avoid taxes.
Delphi Automotive–The company has been named in at least two lawsuits, stemming from General Motors' defective ignition switch. Delphi is a major producer of auto parts and was the producer of the ignition switch in question, but GM set the specifications and approved its use, according to legal documents.
Citigroup–Citi is the subject of a criminal inquiry involving a $400 million fraud at its Mexican unit Banamex, according to the New York Times. Separately, Sterne Agee downgraded Citi to "neutral" from "buy", following its recent stress test failure.
OpenTable–Citigroup upgraded the reservation service's shares to "buy" from "neutral", citing strong growth and a recent pullback in the stock which could make for an attractive entry point.
—By CNBC's Peter Schacknow
Questions? Comments? Email us at email@example.com