Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.

What follows is a roundup of corporate earnings reports for Tuesday, Oct. 27.

Stocks skidded Tuesday after a report showed consumer confidence is waning amid worries about the job market. It was a struggle all morning as investors juggled another batch of disappointing earnings results against an encouraging report on the housing market.

Stock futures drifted slightly lower ahead of the open Tuesday as investors waited for the next batch of earnings and key economic data.