Stocks to Watch: NXY, MCD, RA & More
Senior Producer, CNBC
Take a look at some of Monday's morning movers:
Nexen - China's CNOOC has bought the Canadian energy producer for $27.50 per share, or $15.1 billion in cash, a 61 percent premium to Friday's close for Nexen shareholders.
McDonald's - The restaurant operator reported second-quarter profit of $1.32 per share, five cents below estimates, with revenue also slightly short of consensus. McDonald's says its earnings per share took a 7 cent hit from unfavorable foreign currency exchange rates. Its global comp sales were up 3.7 percent versus a 4.6 percent increase in the year ago quarter.
RailAmerica - The short line rail operator is being bought by competitor Genessee & Wyoming$1.4 billion in cash, or $27.50 per share. That's an 11 percent premium to Friday's close for RailAmerica shareholders.
GeoEye - The provider of satellite images is being bought by rival DigitalGlobe for $900 million in stock and cash. GeoEye shareholders have a choice of receiving cash, stock, or a combination of the two for their shares.
Research In Motion - Fairfax Financial has upped its stake in the BlackBerry maker to 9.9 percent from the previous 5.12 percent.
Halliburton - Halliburton earned $0.80 per share, excluding certain items, for the second quarter. Revenue also beat forecasts, although the company's results did slip from year ago levels on rising costs and pricing pressures.
Hasbro - The toymaker earned $0.33 per share for the second quarter, 10 cents above estimates. However, revenue fell short of estimates on falling sales in U.S. and Canada, as well as unfavorable currency exchange rates.
Eaton - The diversified manufacturer earned $1.15 per share, excluding certain items, for the second quarter, six cents above estimates. Revenues were short of analysts' forecasts, though, on falling growth rates and unfavorable exchange rates.
Barclays - Vice Chairman Michael Rake, a leading candidate to replace Marcus Agius as chairman, has chosen to take himself out of the running for that job.
GenOn Energy - The power producer is being acquired by larger rival NRG Energy for about $1.7 billion in stock. The combination would represent the largest merchant power generator in the U.S. The two companies sell power mostly to wholesale markets.
JPMorgan Chase - Chairman/CEO Jamie Dimon has purchased 500,000 shares of the banking company for $17 million, according to an SEC filing. The purchase includes shares bought by Dimon himself, by his wife, and by companies he controls.
Nasdaq OMX - The exchange operator has amended its plan to compensate those who suffered losses in the troubled Facebook initial public offering. The plan now offers $62 million in cash compensation, compared to the original plan of $40 million partly in cash and partly in a reduction in trading fees.
Apple - Reuters reports the company's as yet-unannounced iPhone 5 will feature a new, smaller proprietary connector, replacing the larger one that’s been used in Apple products for nearly a decade. While the change is likely to annoy those who own various iPod, iPad, and iPhone accessories, the report says it could well be a boon for accessory makers like Logitech .
DreamWorks Animation - The movie studio is buying Classic Media for $155 million. Classic is the company that owns the rights to Casper The Friendly Ghost, Lassie, and about 450 family entertainment titles.
Nokia - The handset maker is said to be in talks with network operators over a new marketing strategy for the fall launch of a new Windows 8 smartphone. That’s according to the Financial Times, which says Nokia is hoping to create the type of excitement that Apple has been able to generate with its iPhone launches.
Eastman Kodak - Eastman Kodak has lost a patent claim against Apple and Research In Motion. The International Trade Commission has dismissed a Kodak complaint saying that both the iPhone and the BlackBerry infringed its patent for previewing images with a digital camera. This could hurt Kodak’s efforts to raise money to lift itself out of bankruptcy.
Wet Seal - The retailer has dismissed CEO Susan McGalla and is commencing a search for a replacement. Wet Seal gave no reason for the move.
—By CNBC’s Peter Schacknow
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