Some of the names on the move ahead of the open.» Read More
Bill Ackman also tells CNBC that Allergan's poison-pill defense doesn't make his takeover bid more difficult.
*Boeing rallies after results, outlook; P&G edges down. *Key earnings on tap; Apple, Facebook out after the close. *Boeing Co reported first-quarter revenue that beat expectations and lifted its core earnings forecast to reflect a tax settlement gain, sending shares up 2.7 percent to $131.05 in premarket trading.
*Gilead Sciences rises in premarket after results. *Key earnings on tap; Apple, Facebook out after the close. *Gilead Sciences Inc rose 3.8 percent to $75.60 in heavy premarket trading a day after the drugmaker reported a sharp increase in its quarterly profit, helped by sales of its hepatitis C drug.
April 23- Procter& Gamble Co, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by an increase in sales of its home care products. Sales were unchanged at $20.6 billion.
Jon Moeller, Procter & Gamble CFO, breaks down the company's third quarter results of $1.04 EPS ex-items on revenues of $20.56 billion and weighs in on where the company sees global growth.
US stock index futures seesawed as investors awaited another wave of major earnings, including Dow-listed Boeing and Procter & Gamble.
The bull market is seeing the equivalent of its first gray hairs and the proof is in Tuesday's blast of merger activity.
The S&P 500 should deliver a double-digit return in 2014, fund manager Ed Keon told CNBC. And the low on April 11 has a "pretty good chance" of being the recent bottom, he added.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
April 18- Procter& Gamble Co is planning to offer a new kind of razor, with a swiveling ball hinge and a pricey tag, to move forward with its strategy to push premium products, according to the Wall Street Journal on Friday. The company's Chief Financial Officer Jon Moeller had in January blamed a movement by the Movember Foundation for weak razor sales.
US stocks rose Wednesday after better-than-expected earnings from Yahoo.
Amid another selloff on Wall Street, one money manager finds some of the best value plays in the market.
Ten leading money men and women have agreed to give investors access to their three best ideas this week. Here are the participants so far and their picks.
April 9- Procter& Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday. Its pet care brands already include Pedigree, Whiska, and Royal Canin, and this deal will boost its market share as it vies with Nestle SA in the pet food market.
Reacting to an article suggesting Warren Buffett has lost his touch, CNBC's Jim Cramer looks at Berkshire Hathaway's stocks and likes what he sees.
Some of Wednesday's midday movers:
Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business. LONDON/ ATHENS- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year debt issue, three sources say.
Mars on Wednesday said it agreed to buy the IAMS, Eukanuba, and Natura pet food brands from Procter & Gamble for $2.9 billion in cash.
April 9- Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business.
April 9- Confectionary company Mars Inc said it will buy Procter& Gamble Co's pet food brands Iams, Eukanuba and Natura for $2.9 billion in major markets to beef up its pet food business. Mars will buy the rights to the three brands in North America, Latin America and other regions excluding Europe.