Check out which companies are making headlines after the bell Monday:» Read More
Some of the names on the move ahead of the open.
Feb 15- Campbell Soup reported a higher-than-expected quarterly profit on Friday as gains in its soup and snacks businesses more than offset a decline in its drinks unit. Overall, net sales increased 10 percent to $2.33 billion, due mostly to the company's recent acquisition of Bolthouse Farms.
With animal spirits on the rise, companies armed with cheap financing are fueling a new merger wave, but that's not likely to do much for markets.
*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3 G Capital will buy ketchup maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and private equity firm 3 G Capital will buy ketchup and baby food maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
Reports suggest that Hess may be looking at a spin-off. Cramer thinks it's the tip of the iceberg.
Amid all the bullishness about stocks this year, the swine flu play may be getting lost. Yes, one of the most effective strategies has been betting on shares of companies that benefit from the higher-than-expected flu cases.
Boris Schlossberg, BK Asset, has a short dollar/yen play ahead of the Fed's monetary policy announcement. Also, the trade on Procter & Gamble and Campbell Soup, with the FMHR team.
Stocks finished slightly lower across the board Tuesday after wavering in a narrow range for most of the session as investors remained cautious amid the ongoing "fiscal cliff" discussions in Washington.
Take a look at some of Tuesday's midday movers:
Oct 11- Bank of Cyprus Public Company Limited& Cyprus Popular Bank.
Oct 8- Bank of Cyprus Public Company Limited, Cyprus Popular Bank Public Co Ltd, Hellenic Bank Ltd:. *Moody's downgrades three cypriot banks' ratings. *Rpt-moody's downgrades three cypriot banks' ratings.
NEW YORK-- Campbell Soup CEO Denise Morrison, who is looking to revive the company's fortunes, was given a pay package worth $7.4 million for her first year on the job.
*Fred Hassan to become non-executive chairman in January. Oct 5- Avon Products Inc will close the book on the Andrea Jung era at the end of the year, clearing the way for new Chief Executive Sheri McCoy to try to fix the iconic but struggling beauty products company.
*Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.
By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.
Stocks eased off their worst levels Monday but still closed in negative territory as investors remained jittery ahead of the earnings season and amid renewed global growth concerns.
Take a look at some of Monday's midday movers:
U.S. stock index futures declined Monday, extending their losses following a sharp selloff in the previous session on the heels of a disappointing jobs report and ahead of Alcoa's earnings after the bell.
Stocks ended near highs Monday to post their best trading session in May, with the Dow and S&P 500 snapping a six-day losing streak and the Nasdaq posting its best one-day percentage gain this year, as investors snapped up beaten-down stocks.