FGP Ferrellgas Partners LP

Among the companies with shares expected to trade actively in Wednesday's session are Yahoo Inc. (YHOO), Lululemon Athletica Inc. (LULU) and Korn/Ferry International (KFY).

Yahoo said Tuesday that it will shelf its plan to spin off its stake in Alibaba Holding Group Ltd. amid concerns by shareholders that the U.S. government may claim taxes on the deal, costing them billions of dollars. Shares rose 1.92% to $35.52 in premarket trading.

Lululemon Athletica Inc. posted a 12% decline in its third-quarter quarter profit, slashed its earnings forecast for the year and gave downbeat guidance for the current quarter. Shares fell 12.02% to $45.89 premarket.

Korn/Ferry International said revenue jumped 10% in its latest quarter, as fee revenue soared on the acquisition of Hay Group. Shares fell 2.6% to $36.00 premarket.

Coca-Cola Co. (KO) said Wednesday it has signed letters of intent with three of its U.S. bottlers that grant expanded distribution in five states as the soft beverage giant continues to accelerate a refranchising drive. Shares fell 0.14% to $42.95 premarket.

Costco Wholesale Corp. (COST) on Tuesday reported a surprising 3.2% decrease in first-quarter earnings, amid slowing growth in membership fees.

Ferrellgas Partners LP (FGP) posted a widened loss in the latest quarter as lower wholesale prices were offset by warmer-than-normal weather.

Vera Bradley Inc. (VRA) said its earnings rose 48% in the latest quarter, as the handbag retailer posted better-than-expected sales and stronger margins, partly thanks to fewer markdowns.

American Airlines Group Inc. (AAL) reported its November traffic grew modestly, as capacity declined slightly.

Drone maker AeroVironment Inc. (AVAV) reported Tuesday that it swung to a profit in its latest quarter as revenue jumped 23% driven by strong sales of its unmanned aircraft systems.

BOK Financial Corp. (BOKF) agreed to acquire MBT Bancshares for $102.5 million, expanding the regional lender's presence in the Kansas City, Mo., region.

Bristol-Myers Squibb Co. (BMY) has increased its quarterly dividend by a penny, bringing its annual payout to $1.52 a share. The first payout under the higher 38-cent-a-share rate is scheduled for Feb. 1.

Dave & Buster's Entertainment Inc. (PLAY) on Tuesday again raised its projections for the year as it swung to a third-quarter profit bolstered by higher revenue.

Activist investor Carl Icahn reported Tuesday that he has increased his stake in Hertz Global Holdings Inc. (HTZ) to 14.3% as the rental car company tries to recover from recent stumbles and increasing pressures from competitors such as ride-sharing apps Uber and Lyft.

Kinder Morgan Inc. (KMI) is slashing its quarterly dividend payment by 75%, an unprecedented step for the massive energy company that just one year ago was promising unfettered growth.

Krispy Kreme Doughnuts Inc. (KKD) said its earnings fell 6.6% on tax impacts in the latest quarter, while sales improved but came up short of analysts' expectations.

Marriott Vacations Worldwide Corp. (VAC) said its board authorized a 20% increase in the timeshare company's quarterly dividend to 30 cents a share.

MasterCard Inc. (MA) said its board authorized the repurchase of an additional $4 billion of the payment-card network's shares and raised the quarterly dividend by 19%.

Oxford Industries Inc. (OXM) on Tuesday cut its projections for the year as its quarterly loss widened sharply on lower sales compounded by higher costs.

Smith & Wesson Holding Corp. (SWHC) reported better-than-expected results Tuesday and raised its annual outlook as investors expect a renewed gun debate in the U.S. to drive sales.

United Continental Holdings Inc. (UAL) reported a 4.2% increase in November traffic, measured in revenue-passenger miles, on a 1.9% increase in capacity.

Wynn Resorts Ltd.'s (WYNN) Chief Executive Officer Stephen A. Wynn disclosed on Tuesday he had bought 1 million more shares, bolstering his control on the beleaguered casino operator. Mr. Wynn already owned 10 million shares through Wynn Family Limited Partnership and controls about 9.5 million additional shares held by ex-wife Elaine P. Wynn, according to regulatory filings.

Write to Chris Wack at chris.wack@wsj.com and Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

December 09, 2015 09:30 ET (14:30 GMT)

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