Among the companies whose shares are expected to actively trade in Monday's session are Diamond Foods Inc. (DMND), ING Group NV (ING) and Endo Pharmaceuticals Holdings Inc. (ENDP).
Some walnut growers have challenged Diamond Foods' explanation of mysterious payments to them, according to The Wall Street Journal, further tangling an accounting question that has delayed the snack maker's planned $2.35 billion acquisition of Pringles from Procter & Gamble Co. (PG). Diamond Foods has said a sizable payment to its walnut growers in September was an advance on their 2011 crop. But three growers said they told the company they didn't intend to deliver their 2011 crops to Diamond, yet were assured by company representatives they could cash the checks anyway, The Wall Street Journal reported. Shares fell 7.3% to $37.60 in recent premarket trading.
ING Monday announced plans to swap EUR5.8 billion in subordinated debt for senior loans and cash, becoming the latest in a string of European banks to exchange their own debt at discounted values and use the gains to strengthen capital. The Dutch bank's American depository shares fell 8.2% to $7.19 premarket.
Endo Pharmaceuticals said the U.S. Food and Drug Administration has approved a new formulation of its Opana pain-relief tablets. Shares climbed 6.6% to $36.25 recently in premarket trading.
Cheniere Energy Partners L.P. (CQP) said a unit has entered into an agreement with India's GAIL (India) Ltd. (532155.BY) to sell about 3.5 million metric tons of liquefied natural gas annually. Shares gained 3.3% to $16.75 in recent premarket trading.
Shortages from Thailand's catastrophic flooding earlier this year could spread to the market for aircraft tires as soon as February or March, Goodyear Tire & Rubber Co. (GT) said Friday. The looming supply squeeze represents a setback for yet another industry after heavy rains swamped many manufacturing plants around Thailand's industrial heart in October. Goodyear's shares slipped 1.6% to $14.32 in low volume premarket trading.
PDL BioPharma Inc. (PDLI) said Chief Financial Officer Christine Larson resigned Friday and the company, which obtains most of its revenue from development and licensing of antibodies, will immediately begin a search for her successor. Shares dropped 1.6% to $5.99 premarket.
Sales of new videogames, consoles and accessories in U.S. stores were nearly flat again in November, as merchants cut selling prices in the midst of the holiday-shopping season, according to data tracker NPD Group. New physical sales of games rose 15% in November. "Call of Duty: Modern Warfare 3" from Activision Blizzard Inc. (ATVI) was the most popular game, having launched last month.
AXIS Capital Holdings Ltd. (AXS) President and Chief Executive John R. Charman said he plans to retire next year, with Chief Financial Officer Albert Benchimol taking over.
Dollar Thrifty Automotive Group Inc.'s (DTG) board appointed Chief Executive Scott L. Thompson its new chairman, replacing Richard W. Neu, who became the board's lead independent director. Thompson became CEO at the car-rental company in October 2008 and was previously the company's chief financial officer.
Fitch Ratings raised the likelihood of a Fifth Third Bancorp (FITB) upgrade, citing the regional bank's strong earnings, solid capital-generation capabilities and good liquidity.
Ingersoll-Rand (IR) raised its quarterly dividend by 33%, marking the second such increase this year from the diversified manufacturer.
Industrial goods supplier W.W. Grainger Inc. (GWW) reported its November daily sales rose 15% from a year earlier, helped by acquisitions and strong volume.
-Edited by Ian Thomson and Corrie Driebusch; write to firstname.lastname@example.org and email@example.com