Take a look at some of Wednesday’s morning movers:
Costco Wholesale - The warehouse retailer earned
Danaher, Cooper Industries - The two companies are selling their
Monster Beverage - Stifel Nicolaus is downgraded the beverage maker's shares to "hold" from "buy," pointing to a deceleration in sales.
Alcoa - The Dow Jones Industrial Average component kicked off the start of earnings season with third-quarter profit of
Yum Brands - The restaurant operator earned
Home Depot - Oppenheimer has downgraded the stock to "perform" from "market perform" on a valuation basis. Oppenheimer did say that the U.S. is in the early stages of a housing recovery and that it is well positioned to take advantage. (Read More: Bulls Go Shopping at Lowe’s.)
International Paper - The company is increasing its quarterly dividend by 14 percent to $0.30 per share. The increased dividend is payable on Dec. 17 to holders of record as of Nov. 15.
Microsoft - CEO Steve Ballmer saw his pay package fall by 4 percent this fiscal year, partially due to a drop in Windows revenue. Separately, Netflix CEO Reed Hastings will not seek re-election to Microsoft’s board, after serving as a director since March 2007.
Best Buy - Chief Financial Officer James Muehlbauer is leaving the electronics retailer at the end of the current fiscal year, which concludes on Feb. 3. He’s been CFO for four years and has worked for Best Buy since 2002. This comes as the company searches for a permanent CEO to replace the departed Brian Dunn. Separately, reports say founder Richard Schulze has gotten permission to speak with eight to 10 key Best Buy executives, as he explores a potential buyout.
Chevron - The oil company said
Toyota Motor - The automaker is
FedEx - FedEx is
Boeing - The jet maker is on track to achieve its 787 Dreamliner production targets, according to vice president Jeffrey Luckey. The company produces 3 1/2 787 jets per month, but plans to increase that to five by year’s end and then to 10 by the end of next year.
Cummins - Cummins has cut its sales and profit forecast because of a weaker global economy. The engine maker is also cutting up to 1,500 jobs, shortening work weeks, and slowing production at some of its factories.
True Religion Apparel - The jeans maker is exploring strategic alternatives, after receiving indications of interest from a variety of possible buyers.
Viacom - Bernstein has downgraded Viacom shares to "underperform" from "market perform."
—By CNBC’s Peter Schacknow
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