Stocks to Watch: NAV, LF, STX, PFE & More
By: Take a look at some of Friday's morning movers:
Navistar - The company has announced new truck engine technology that will bring it into compliance with federal emissions regulations. Navistar will also continue to build and ship current model trucks — using combinations of earned emission credits and non-compliance penalties — during the transition period.
LeapFrog - The toymaker's chief financial officer, Mark Etnyre, is resigning to pursue personal interests. His resignation will be effective Oct. 1.
Seagate Technology - The hard disk drive maker cut revenue and profit margin forecasts for its fiscal fourth quarter. Seagate cites a quality problem at one of its suppliers that's impacted shipments. The news from Seagate is also hitting shares of rival Western Digital.
Pfizer - The drugmaker has been sued by five U.S. retailers, accused of conspiring to delay sales of generic versions of its best-selling cholesterol drug Lipitor. Pfizer’s accusers are Walgreen, Kroger, Safeway, SuperValu, and privately-held HEB Grocery. Pfizer says it categorically denies those claims and will vigorously defend itself.
BP - The oil company has been excluded from the bidding to develop Abu Dhabi’s largest onshore oil fields, according to a report by Petroleum Intelligence Weekly. The report says it’s unclear why BP was excluded.
Con Edison - The New York City utility — one of the largest investor-owned utilities in the U.S. — will resume talks with locked out union workers today, following a Thursday negotiating session which did not conclude with a deal between the two sides.
Bank of America - The bank's now-defunct Countrywide Financial used a VIP mortgage program to influence lawmakers, according to a congressional report. That report says the program was used to kill legislation that could hurt the company’s profits. The program ran between 1991 and 2008, the year Bank of America acquired Countrywide.
Yahoo - Yahoo is reportedly considering Hulu CEO Jason Kilar for its permanent CEO position, according to The Wall Street Journal. Interim CEO Ross Levinsohn is also said to be a candidate, along with several other unnamed people.
Comcast - The company (parent of CNBC and CNBC.com) is reportedly selling NBC’s 15 percent stake in A&E to partners Walt Disney and Hearst Corp. The New York Post reports the price will be $2.8 billion, and that Disney and Hearst will each own 50 percent when the deal is completed.
United Technologies - Reuters reports European Union regulators are about to approve the company's $16.5 billion acquisition of Goodrich, after United Technologies agreed to sell assets in both the U.S. and Britain. The deal is United Technologies' largest acquisition in a decade.
—By CNBC’s Peter Schacknow
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