Wednesday, July 15, 2015 10:23:43 AM
Among the companies with shares expected to actively trade in Wednesday's session are Bank of America Corp. (BAC), Delta Air Lines Inc. (DAL) and Celgene Corp. (CELG).
Bank of America said its quarterly profit surged as the second-largest U.S. bank by assets put most of its legal woes behind it. Earnings and revenue beat expectations. Shares rose 2.8% to $17.61 in premarket trading.
Delta said Wednesday that lower fuel prices led to better-than-expected earnings in its June quarter, though unit revenue fell more than the company had forecast. Shares fell 2.4% to $42.60 premarket.
Celgene reached a deal to buy fellow biopharmaceutical company Receptos Inc. (RCPT) for about $7.2 billion, enhancing its portfolio of immune-inflammatory disease treatments with the addition of Ozanimod. Celgene's shares climbed 8% to $132.70 premarket, while Receptos jumped 10.5% to $228.90.
Energy Transfer Partners LP (ETP) said Wednesday it will sell its convenience-stores business to Sunoco LP, another company in the Energy Transfer family, in a transaction valued at $1.94 billion. Shares of Energy Transfer Partners increased 1.4% to $54.20 premarket, while Sunoco's shares were inactive. Allegheny Technologies Inc.
(ATI) on Tuesday warned it expects to post a loss in the second quarter, citing poor demand from energy markets and increased competition in its flat-rolled products segment. Shares dropped 8.4% to $25.80 premarket.
CSX Corp. (CSX) said Tuesday that profit rose 4.5% during its latest quarter, though falling coal volume weighed on revenue, which retreated 5.5% and came in below analysts' estimates. Shares gained 2.9% to $33 premarket.
U.S. Bancorp (USB) said its profit edged down in the second quarter as revenue dropped and a key measure of lending profitability narrowed. Still, loans grew and earnings matched Wall Street estimates.
Blackrock Inc. (BLK) reported better-than-expected profit and revenue growth in its second quarter, as the money manager benefited from higher base fees despite posting an overall net outflow for the quarter.
Twitter's stock jumped more than 8% after the online publication of a bogus article that claimed the social-media company had received a takeover offer.
Wal-Mart Stores Inc. (WMT) on Tuesday said the co-founders of its Chinese e-commerce venture have announced their departures, thrusting a central part of the retailer's China strategy into transition. Meanwhile, two civil rights groups are trying to build a class action against Wal-Mart over the retailer's former policy of denying health-insurance benefits to the same-sex spouses of gay employees.
PNC Financial Services Group Inc. (PNC) said profit slipped 0.9% in its latest quarter as net interest margin, a key measure of profitability, also declined. Per-share earnings beat Wall Street estimates, though, while revenue matched expectations.
Churchill Downs Inc. (CHDN) said Tuesday that Chairman Robert Evans will retire from company management on Sept. 30, completing the succession plan that began last August.
Engine manufacturer Cummins Inc. (CMI) said Tuesday its board of directors approved a move to boost its quarterly dividend by 25%.
Yum Brands Inc.'s (YUM) operations in China improved but continued to drag on overall results in the latest quarter, contributing to weaker-than-expected sales and profits that pushed its stock down.
Guess Inc. (GES) said Tuesday that it named Victor Herrero to replace co-founder Paul Marciano as chief executive of the apparel maker in August. Mr. Herrero previously worked for retailer Inditex Group, which includes brands Zara, Massimo Dutti and Stradivarius.
W.W. Grainger Inc. (GWW) on Tuesday said that on June 2 it discovered a cyberattack during which "limited information" on its network was accessed. The distributor of industrial and maintenance supplies said there is no evidence of any impact to customers, suppliers or employees, and no indication that information such as credit-card data, banking information and social security numbers has been compromised.
Google Inc.'s (GOOG, GOOGL) Chrome and Mozilla's Firefox browsers blocked old versions Adobe Systems Inc.'s (ADBE) animation software--often used to play online videos--following news reports that hackers were using a security bug to take over peoples' computers.
Famous Dave's of America Inc. (DAVE) said three board members stepped down, while two representatives of investment firm Wexford Capital joined the board.
Tesla Motors Inc. (TSLA) has nearly tripled its land holdings in Nevada in recent months, purchasing nearly 2,000 additional acres near Reno as it continues work on a factory intended to build batteries for electric cars and stationary backup batteries.
FedEx Corp. (FDX) said Tuesday it lost a long-running legal dispute with nearly 500 drivers in Kansas over its former practice of classifying some of its U.S. delivery drivers as independent contractors.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at maria.armental@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones Newswires July 15, 2015 09:16 ET (13:16 GMT) Copyright (c) 2015 Dow Jones & Company, Inc. Story ID: 20150715DN006143 Keywords: DOW JONES CONTENT TO OSTER, HOT STOCKS, DOW JONES SECTOR TITAN INDEX - TECHNOLOGY COMPONENTS, DOW JONES OIL & GAS SERVICE, CONSUMER GOODS, COMMODITIES, COMPANIES ON THE ENERGY SERVICE, HIGH-YIELD ISSUERS, DOW JONES NORTH AMERICA EQUITIES NEWS, DOW JONES GLOBAL FX & FIXED INCOME NEWS, RAILROADS, DOW JONES SECTOR TITAN INDEX - FINANCIAL COMPONENTS, PIPELINES, G7 FOREX WIRE, DJ U.S. LARGE-CAP INDEX, OIL & GAS, STOCKS TO WATCH, AGRICULTURAL COMMODITIES, GRAND CENTRAL ASSET CLASS EQUITIES, EXPLORATION & PRODUCTION, DOW JONES ADVISOR PRACTICE, OFF-TRADING FLOOR PORTFOLIO NEWS, DOW JONES GLOBAL TITANS INDEX COMPONENTS, DOW JONES GLOBAL INVESTMENT NEWS, INTERNET, TRANSPORTATION EQUIPMENT, FINANCIAL, DOW JONES METALSWIRE, ODJ ENERGY PACKAGE, DOW JONES ISLAMIC INDEX COMPONENTS, ASSET MANAGERS, COMPANIES ON THE CAPITAL MARKETS REPORT, S&P MIDCAP 400, DOW JONES PORTFOLIO NEWS, RETAILERS-APPAREL, AIRLINES, DOW JONES GLOBAL MARKETS NEWS, NASDAQ 100 COMPONENTS, DJ TRAVEL & LEISURE TITANS 30 INDEX, ODJ COMMODITY PACKAGE, DOW JONES ENERGY SERVICE, INDUSTRIALS, GRAND CENTRAL ASSET CLASS FIXED INCOME, RETAILERS-SPECIALTY, S&P 100 INDEX COMPONENT, INDUSTRIAL SUPPLIERS, DOW JONES AGRICULTURE NEWS, GRAND CENTRAL ASSET CLASS COMMODITIES, MULTI-ASSET TRADING PRODUCT SERVICES ON NEWSWIRES, COMPANIES ON THE DOW JONES COMMODITIES SERVICE, GAMBLING, OFF-TRADING FLOOR INVESTMENT NEWS, GLOBAL LARGE CAP INDEX, CONSUMER SERVICES, DOW JONES NEWS WIRES, COMPANIES ON THE BANKERS REPORT, SOFTWARE, COMPANY NEWS, BANKS-ALL, SPOT NEWS, AUTOMOBILES, HEALTH CARE, DJ BANKS TITANS 30 INDEX, INDUSTRIAL & COMMERCIAL SERVICES-ALL, CATTLE/BEEF, DOW JONES TRANSPORTATION AVERAGE, DOW JONES EQUITY INVESTOR NORTH AMERICA, DOW JONES ADVISOR MARKETS, CAPITAL MARKETS REPORT IN DI, DOW JONES EQUITY TRADING NORTH AMERICA, RETAILERS-BROADLINE, RESTAURANTS & BARS, GLOBAL EQUITIES SPOTLIGHT, COMPANIES ON THE ECONOMIC REPORT, STORIES FROM THE REWRITE DESK, BASIC MATERIALS, SIGNIFICANT STORY, TREASURY NEWS SERVICE, STOCK MARKET NEWS, INTERNATIONAL PETROLEUM REPORT, DOW JONES GLOBAL INDEX COMPONENTS, DOW JONES INTERNATIONAL NEWS SERVICE, DJ RETAIL TITANS 30 INDEX, GLOBAL DOW COMPONENTS, DOW JONES AGRIWIRE, FINANCIAL NEWS VENDOR WIRE, S&P 500 INDEX COMPONENT, DOW JONES TOTAL MARKET INDEX COMPONENT, BIOTECHNOLOGY, TECHNOLOGY, NEWSWIRES CONTENT FILTERED FOR FACTIVA, GRAND CENTRAL ASSET CLASS ENERGY, DELIVERY SERVICES, DOW JONES CONTENT SET DN, DOW JONES COMMODITIES BASIC, DOW JONES MULTI-ASSET ADVANCED, FORTUNE 500 INDEX, NYSE COMPOSITE INDEX COMPONENTS, DOW JONES INDUSTRIAL AVERAGE COMPONENTS, DOW JONES COMMODITY SERVICE, BANKS-MAJOR INTERNATIONAL, DOW JONES GLOBAL PREMIUM INVESTMENT NEWS, NORDIC INTERNATIONAL BASIC, DJ HEALTH CARE TITANS 30 INDEX, NORDIC INTERNATIONAL PRO, RUSSELL 3000 COMPONENT, DOW JONES GLOBAL EQUITIES NEWS, DJ INDUSTRIAL GOODS & SERVICES TITANS 30 INDEX, IRON & STEEL, DOW JONES NEWS SERVICE, DOW JONES MULTI-ASSET STANDARD Symbols: ADBE, ATI, BAC, BLK, CELG, CHDN, CMI, CSX, DAL, DAVE, ETE, ETP, FDX, GES, GOOG, GOOGL, GWW, PNC, RCPT, SUN, TSLA, TWTR, WMT, YUM
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