Among the companies with shares expected to actively trade in
Tuesday's session are Apple Inc. (AAPL), McDonald's Corp. (MCD) and
Annie's Inc. (BNNY).
Apple is expected to unveil Tuesday two new iPhones with larger
screens, its first wearable device--a smartwatch--accompanied by
new services around healthcare, home automation and digital
payments. Shares ticked up 0.6% to $99.04 in premarket trading.
McDonald's said its global comparable sales fell 3.7% in August
as problems with one of its suppliers in Asia drove a precipitous
drop in sales in the region. Shares dipped 0.5% to $92.05
premarket.
General Mills Inc. (GIS) agreed to buy Annie's Inc. for $46 a
share, or about $820 million, in a deal the packaged-food company
said would significantly expand its presence in the rapidly growing
organic and natural-foods category. Shares of Annie's surged 37.2%
to $45.99 premarket.
American Airlines Group Inc. (AAL) said its traffic was flat in
August as declines in its Atlantic and Latin America divisions
offset traffic gains in the Pacific. Shares fell 1.9% to $37.50
premarket.
Barnes & Noble Inc. (BKS) said its fiscal first-quarter loss
narrowed as cost reductions outpaced sales declines, while the
bookseller gears up for its eventual split. Shares rose 1.9% to
$23.85 premarket.
Leidos Holdings Inc. (LDOS) swung to a fiscal second-quarter
loss and lowered its guidance, as cuts to government spending and
withdrawal of overseas U.S. military troops hampered its
national-security business.
Burlington Stores Inc. (BURL) raised its full-year outlook as
the company's fiscal second-quarter results topped
expectations.
J.C. Penney Co. (JCP) said it its offering $350 million in
senior unsecured debt to raise funds to repurchase as much as $300
million in other debt.
Drilling-services company Layne Christensen Co. (LAYN) said its
fiscal second-quarter loss narrowed as the company moves forward
with its plan to cut costs.
Coach Inc. (COH) said Monday it appointed Gebhard Rainer as
president and chief operating officer. Rainer most recently was
chief financial officer and executive vice president at Hyatt
Hotels Corp. (H).
The Federal Trade Commission on Monday sued AbbVie Inc. (ABBV)
and other drug companies over allegations they unlawfully sought to
delay generic competition for AbbVie's blockbuster
testosterone-replacement drug AndroGel.
Watchlist:
International Paper Co. (IP) named insider Mark S. Sutton to
succeed Chief Executive John Faraci on Nov. 1, signaling the
company will continue on the same strategic path, which is largely
focused on international expansion.
Pep Boys--Manny Moe & Jack (PBY) swung to a surprise fiscal
second-quarter loss as the auto-care company continued to be hurt
by weakness in its tire business, in addition to asset write-downs
and other items.
Casey's General Stores Inc. (CASY) said its fiscal first-quarter
earnings fell 6.1% as a reduction in renewable fuel credits and
higher operating expenses offset the convenience-store operator's
continued sales growth.
Avon Products Inc. (AVP) announced Monday that Chief Financial
Officer Kimberly Ross is resigning from the beauty-products
company, effective early next month, to become CFO at oil-field
services company Baker Hughes Inc. (BHI). Avon appointed Avon's
corporate controller, Robert Loughran, to serve as acting CFO.
Executive recruiter Korn/Ferry International (KFY) said its
fiscal first-quarter earnings rose 27% as fee revenue increased in
all of the company's major markets. Total revenue increased 10% to
$260.3 million.
Write to Tom Rojas at tom.rojas@wsj.com and Josh Beckerman at
josh.beckerman@wsj.com
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