Among the companies with shares expected to actively trade in
Wednesday's session are Amazon.com Inc. (AMZN), RCS Capital Corp.
(RCAP) and Babcock & Wilcox Co. (BWC).
Amazon.com appears to be close to settling a nearly two-month
dispute with Walt Disney Co. (DIS) during which the e-commerce
giant stopped offering Disney DVDs for preorder. Amazon's shares
ticked down slightly to $321.12 in premarket trading. Disney's
shares were up 0.2% to $89.05.
American Realty Capital Properties Inc. (ARCP) said Wednesday it
has agreed to sell its private capital management business to RCS
Capital for at least $700 million. American Realty's shares were
down slightly to $12.05 premarket. RCS Capital's shares rose 6.8%
to $24.05 premarket.
Babcock & Wilcox on Wednesday said it is considering
splitting its power-generation and government and nuclear
operations businesses into two separate publicly traded companies.
Shares gained 4.7% to $29 premarket.
AZZ Inc.'s (AZZ) fiscal second-quarter earnings fell 16%,
weighed by inefficiencies in the company's electrical and
industrial segment. Shares sank 13.8% to $36.01 premarket.
American Science & Engineering Inc. (ASEI), which makes
X-ray detection systems for airports, the military and other
markets, on Tuesday said "global volatility" has caused shipping
delays that will lead to a quarterly loss. Shares dropped 9.7% to
$50 premarket.
Coca-Cola Co. (KO) said the compensation committee of the
beverage giant's board adopted guidelines to an executive
compensation plan approved in April that will result in the company
issuing fewer stock awards each year and extending the number of
years the shares will last. Shares dipped 0.5% to $42.45
premarket.
Hospira Inc. (HSP) on Wednesday said it has received a warning
letter from the U.S. Food and Drug Administration after an
inspection found the company failed to correct irregularities in
products made in its Australian facility.
General Mills Inc. (GIS) on Tuesday said it would eliminate 700
to 800 salaried jobs, adding to a similar number of factory job
cuts it announced recently, as the maker of Wheaties cereal and
Yoplait yogurt tries to cut costs amid flagging sales.
Watchlist:
Bristol-Myers Squibb Co. (BMY) said it plans to transfer $1.4
billion in U.S. pension obligations to Prudential Financial Inc.
(PRU), following a growing trend as companies seek to unload some
of the risks of running pension plans to an insurer.
D.R. Horton Inc. (DHI) on Tuesday named Chief Operating Officer
David V. Auld to replace Chief Executive Donald J. Tomnitz, who
retired effective Wednesday.
Endo International PLC (ENDP) said on Tuesday it reached
agreements to settle substantially all claims concerning vaginal
mesh products sold by its American Medical Systems Holding Inc.
unit.
Red Hat Inc. (RHT) plans to offer $700 million of convertible
senior notes that would mature in 2019 to raise funds to repay the
cost of hedge transactions and other purposes, with $400 million of
the proceeds targeted to repurchase the software company'
stock.
Vornado Realty Trust (VNO) said on Tuesday it will report a loss
of $18 million from its stake in Toys "R" Us in the third quarter,
narrowing from a year earlier.
Write to Tom Rojas at tom.rojas@wsj.com and to Maria Armental at
maria.armental@wsj.com
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