Among the companies with shares expected to actively trade in
Tuesday's session are Coca-Cola Co. (KO) and Waste Management Inc.
(WM).
Coca-Cola said it is looking for ways to "restore momentum" as
it posted lower fourth-quarter results that concluded a challenging
year for the soft-drink giant. Coke's revenue for the quarter
missed Wall Street expectations, while profit declined. Shares
dropped 1.6% to $38.32 premarket.
Navidea Biopharmaceuticals Inc. (NAVB) said the U.S. Food and
Drug Administration has granted a priority review for an expanded
use of its Lymphoseek drug for some patients with head and neck
cancer. Shares dropped 5.4% to $1.97 premarket.
Prana Biotechnology Ltd. (PRAN) said its experimental treatment
for Huntington disease met its primary goals of safety as well as
significant improvement in cognitive function in a Phase II study.
Shares rose 17% to $8.45 in recent premarket trading.
Waste Management swung to a fourth-quarter loss as the
waste-disposal company posted high asset impairment charges and
reported higher accruals from incentive compensation. Adjusted
bottom-line results missed estimates, and the company offered a
disappointing earnings outlook for 2014. Shares dropped 3.4% to
$42.20 premarket.
Watch List:
Ameren Corp. (AEE) named Warner L. Baxter as its new chief
executive, replacing Thomas R. Voss, who is retiring from the
utility operator. Mr. Baxter will take on the new position on April
24, at which time Mr. Voss will become executive chairman.
Duke Energy Corp. (DUK) said its fourth-quarter earnings rose a
bigger-than-expected 58%, helped by strength in its regulated
utilities and international businesses.
Fresh Del Monte Produce Inc. (FDP) said sales rose in the fourth
quarter, driven by a surge in its banana business. The company,
however, posted a wider net loss due to higher impairment charges
and costs.
Medtronic Inc. (MDT) said its fiscal third-quarter earnings fell
23% on a big write-down related to the medical-device maker's renal
denervation program that masked revenue growth. The company
narrowed its earnings forecast for the year.
Rothesay Life Ltd. agreed to buy MetLife Inc.'s (MET) U.K.-based
annuity pension unit as it continues to build out its annuity
portfolio. Financial terms of the deal, which is expected to close
in the second quarter, weren't disclosed.
NiSource Inc. (NI) said its fourth-quarter profit rose 13% as
all three of the utility company's segments posted revenue growth.
But the top line missed estimates.
Stryker Corp. (SYK) agreed to acquire privately held
surgical-equipment company Berchtold Holding AG for an enterprise
value of $172 million. Berchtold, which has operations in Germany
and the U.S., generated sales of roughly $125 million last year.
The company's products include surgical tables, equipment booms and
surgical lighting systems.
Write to Lauren Pollock at lauren.pollock@wsj.com
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