Among the companies with shares expected to actively trade in
Tuesday's session are A. Schulman Inc. (SHLM), Citigroup Inc. (C)
and Gigamon Inc. (GIMO).
A. Schulman's fiscal second-quarter earnings fell 42%, though
adjusted results topped market expectations as the company said its
European segment is showing signs of improvement. The company again
lifted its earnings view for the fiscal year, pushing shares up
6.4% to $38.66 in light premarket trading.
Citigroup agreed to pay $1.12 billion to 18 investors seeking to
recover losses from mortgage-based securities sold before the
financial crisis, according to a news release from the bank. Shares
dropped five cents to $46.50 premarket.
Shares of Gigamon slipped 22% to $20.45 premarket after the
networking-hardware company trimmed revenue expectations for the
latest quarter, saying one large transaction from a customer abroad
didn't materialize.
Appalachian coal miner James River Coal Co. (JRCC) filed for
Chapter 11 bankruptcy protection Monday as it continues its search
for a buyer or investor. Shares dropped 52% to 34 cents
premarket.
Watch List:
Abercrombie & Fitch Co. (ANF) disclosed details of changes
to stock awards for the teen retailer's senior executive team, as
the company tries to align executive compensation with its goal of
improving returns to stockholders amid pressure from an activist
investor.
Bank of New York Mellon Corp. (BK) boosted its quarterly
dividend by 13%, the second shareholder-friendly action the bank
has announced since passing the Federal Reserve's annual "stress
test."
Baidu Inc.' s (BIDU) Qunar travel website is in discussions to
tie-up with Ctrip.com International Ltd. (CTRP), Bloomberg reported
Tuesday, citing two people with direct knowledge of the talks. A
range of possibilities including a full merger to a partnership are
under discussion, these people said, adding that talks are still at
an early stage.
Gastar Exploration Inc. (GST) on Monday said production in the
Marcellus Shale in West Virginia had been halted since early
Saturday due to a pipeline rupture.
Intel Corp. (INTC) unveiled a series of changes to how it will
report results for its operating segments, including breaking out
results associated with a technology trend called the Internet of
Things.
Tesla Motors Inc. (TSLA) said it has started offering a business
leasing program for its small and medium business customers,
providing another financing option for its electric cars. Tesla has
created a few financing plans to help customers pay for or lease
its Model S cars, which have a cash price of between $69,900 to
$93,400, before federal or state incentives, according to the
company's website.
US Ecology Inc. (ECOL) has agreed to buy waste-management firm
Environmental Quality Co., or EQ, for $465 million. US Ecology,
which provides radioactive, hazardous and industrial waste
management and recycling services, said it expects the deal to
broaden its geographical footprint beyond its predominantly western
U.S. territory and to add to adjusted earnings this year.
Zogenix Inc. (ZGNX) is seeking a temporary restraining order to
block a recent executive order by Massachusetts Gov. Deval Patrick
that bans the sale in the state of its drug Zohydro, an
extended-release version of the narcotic painkiller
hydrocodone.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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