Take a look at some of Tuesday's morning movers:
Barclays - CEO Bob Diamond
Microsoft - The company will take a $6.2 billion noncash charge to write down goodwill in its online services division. Most of that writedown is related to its 2007 purchase of aQuantive, an online ad agency, for $6.3 billion. Such writedowns are required by accounting rules if the value of an investment or an acquisition has diminished.
Chesapeake Energy - Investor Carl Icahn told CNBC’s “Fast Money” that the company is a “very undervalued asset” and that he wouldn’t sell his shares now. Separately, Reuters is reporting that Chesapeake, along with Canada’s Encana, are the targets of a Justice Department probe involving possible bidding collusion between the two in Michigan land deals two years ago.
Forest Laboratories - The company has responded to a letter sent by Icahn to the company yesterday, which accused the board of putting Chairman and CEO Howard Solomon’s interests ahead of shareholders. The drugmaker says it is “not surprised by Mr. Icahn’s theatrical display of self-serving rhetoric.”
Apple - Apple won another interim victory in its ongoing legal battle with Samsung, with a
General Motors, Facebook - The two are in talks to return General Motors to Facebook as a paid advertiser, according to The Wall Street Journal. That comes a few months after a GM executive said Facebook ads had little impact and that
Navistar - The Journal reports the truck maker will announce it’s backing away from pollution-reduction technology that has hurt its sales and caused conflict with federal regulators.
Boeing - Boeing has
—By CNBC’s Peter Schacknow
Questions? Comments? Email us at firstname.lastname@example.org