Among the companies with shares expected to actively trade in
Friday's session are J.P. Morgan Chase & Co. (JPM), Wells Fargo
& Co. (WFC) and Gap Inc. (GPS):
Coldwater Creek Inc. (CWTR) on Friday said it had filed for
Chapter 11 bankruptcy protection in Delaware, and that it would
begin liquidation sales in May. The company said it couldn't find a
buyer or enough capital to fund its business. Shares dropped 63% to
seven cents in premarket trade.
Fastenal Co. (FAST) said its first-quarter earnings rose 2.6% as
the company's revenue increased even as severe winter weather
challenged its ongoing investment plans to expand growth. Shares
rose 2.9% to $52.20 in premarket trade.
Gap's March same-store sales fell 6%, missing expectations for a
4.7% decrease. Shares fell 4% to $37.74 premarket.
J.P. Morgan's first-quarter results missed Wall Street
estimates, with earnings tumbling 19% as the bank grappled with
weak fixed-income trading results, while mortgage revenue also
suffered. Shares declined 3.7% to $55.30 premarket.
Wells Fargo posted a rise in first-quarter net income even as
the banking giant's revenue dropped from the year-earlier quarter.
The results topped expectations. Shares rose 1% to $48.19 in
premarket trade.
Watch List:
Amazon.com Inc. (AMZN) agreed to acquire digital-comics provider
comiXology, scooping up an app that has been a top-grossing
performer on the iPad in recent years. Terms of the deal, which is
expected to close in the second quarter, weren't disclosed.
Carlyle Group L.P. (CG) named Jeffrey C. Holland as the
private-equity firm's head of private client group, a newly created
position. Mr. Holland, who was most recently chief operating
officer for Cole Real Estate Investments Inc., will oversee the
group responsible for developing Carlyle's relationships with
individual investors and intermediaries serving them.
Epam Systems Inc. (EPAM) said first-quarter results will exceed
the information-technology services provider's expectations, and
the geopolitical crisis in Ukraine has had no impact on its
performance in the region. The software provider also disclosed an
executive intends to retire for health reasons.
Gastar Exploration Inc. (GST) said it resumed some of its
production Wednesday evening at a West Virginia operation that had
been shut in for 4 1/2 days after a Saturday morning rupture in a
pipeline operated by Williams Partners LP (WPZ).
H&R Block Inc. (HRB) agreed to sell its bank business to a
unit of BofI Holding Inc., which will take the tax-preparation
company out of a sector that has been hit by increasing
regulation.
Impax Laboratories Inc. (IPXL) on Friday said it had resubmitted
its new drug application for Parkinson's disease treatment Rytary
to the U.S. Food and Drug Administration, more than two years after
it first filed one for the drug.
Jana Partners LLC said Thursday it continues to be pleased with
shareholder-friendly steps taken by Outerwall Inc. (OUTR) as the
activist investor disclosed it has again pared its stake in the
operator of Redbox video-rental kiosks.
Safeway Inc. (SWY) said Thursday that the Federal Trade
Commission has asked for more information in connection with the
grocery store operator's plan to combine with Albertsons.
Varian Medical Systems Inc. (VAR) agreed to pay $35 million to
the University of Pittsburgh to settle a patent dispute that began
in 2007.
Yingli Green Energy Holding Co. (YGE) warned of greater than
projected declines of photovoltaic module shipments in the first
quarter, though higher prices should bolster margins more than
anticipated.
Write to John Kell at john.kell@wsj.com
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