Stocks to Watch: TIF, AOL, AAPL & More
Senior Producer, CNBC
Take a look at some of Monday's morning movers:
Tiffany - The luxury goods retailer is reporting second-quarter profit of $0.72 per share, one cent shy of estimates, with sales also falling short of consensus. Tiffany cites economic weakness in a number of key weakness.
AOL - AOL is declaring a special dividend of $5.15 per share, as part of a move to return $1.1 billion to shareholders. That's the amount AOL received when it sold about 800 patents to Microsoftback in April.
Apple - The company is hitting all-time highs once again, following its legal victory over Samsung Electronics late Friday in the ongoing patent dispute between the two. Apple has been awarded over $1 billion after a jury found that Samsung infringed a number of Apple patents. (Read More: Samsung Shares Slump, but No Need for Panic Yet.)
Nokia - Nokia shares are getting a positive bump following the Apple/Samsung verdict, on hopes that it may benefit from Samsung’s setback. Investors are speculating that Nokia could gain market share if some Samsung smartphones are forced off the market.
Deltek - The enterprise software company is being bought by private equity firm for $1.1 billion in cash, or $13 per share. The price is actually under the Friday close of $14.01, but 24 percent above Deltek's price on June 11, just before it disseminated information on its sales process to interested parties.
ASML Holding - The Dutch chipmaker has a new stakeholder — none other than Samsung, which has taken a 3 percent stake. It’s following in the footsteps of Intel, which bought 15 percent of ASML in July, and TSMC, which bought 5 percent earlier this month.
United Parcel Service - The delivery company expects to take a third-quarter charge of $896 million related to the restructuring of its pension plans.
Sanofi - Researchers say the drugmaker's best-selling insulin treatment Lantus may slow the buildup of deposits which clog heart arteries. Lantus currently has worldwide sales of about $5 billion.
Dollar Thrifty - The car rental company is being bought by Hertz Global for $2.3 billion in cash or $87.50 per share. That’s an 8 percent premium over Friday’s closing price for Dollar Thrifty shareholders. Separately, Hertz says it’s selling its Advantage car rental unit to Franchise Services of North America and Macquarie Capital for an undisclosed amount.
IAC/Interactive - IAC is buying information website About.com from The New York Times Co. for $300 million in cash. About.com will be absorbed by IAC’s Ask.com unit.
—By CNBC’s Peter Schacknow
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