Among the companies with shares expected to trade actively in Tuesday's session are Pfizer Inc. (PFE), Allergan PLC (AGN) and Walgreens Boots Alliance Inc. (WBA).

 

The Treasury Department imposed tough new curbs on corporate inversions Monday, shocking Wall Street and throwing into doubt the $150 billion merger between Pfizer Inc. and Allergan PLC, which was on track to be the biggest deal of its kind. Shares of Allegran shares fell 19.06% to $224.65 in premarket trading. Pfizer shares rose 2.28% to $31.40.

 

Walgreens Boots Alliance Inc. said profit declined in its latest quarter as the largest pharmacy chain in the U.S. came up against a tough comparison, though sales increased 14% and the company bumped up full-year guidance. Shares fell 1.4% to $85.10 premarket.

 

Valeant Pharmaceuticals International Inc. (VRX) announced the ad hoc committee of the board of directors believes that its review of various Philidor and related accounting matters is complete, and hasn't identified any additional items that would require restatements beyond those required by matters previously disclosed. Shares rose 12.68% to $29.42 premarket.

 

The husband-and-wife team running Marvell Technology Group Ltd. (MRVL) resigned Tuesday, a month after an audit-committee investigation identified "tone at the top" issues that lead to a number of accounting problems. Shares rose 15.49% to $11.11 premarket.

 

Darden Restaurants Inc. (DRI) said the activist investor that led the revolt on its board is stepping down as chairman after the operator of Olive Garden and LongHorn Steakhouse posted better-than-expected third-quarter results and boosted its outlook for the year. Shares fell 0.1% to $67.30 premarket.

 

Twitter Inc. (TWTR) has won the rights to stream the National Football League's Thursday night games online, the league said Tuesday. Shares rose 2.81$ to $17.57 premarket.

 

Tesla Motors Inc. (TSLA) said its first-quarter global sales rose to a less than forecast 14,820 vehicles, up 50% over a year earlier but crimped by supplier shortages and what the company said was its own "hubris." Shares fell 3.59% to $238.13 premarket.

 

Walt Disney Co. (DIS) Chief Operating Officer Tom Staggs, the heir apparent to the chief executive post, will step down May 6. Chief Executive Robert Iger, 65 years old, intends to retire in June 2018. Shares fell 2.06% to $96.65 premarket.

 

Dominion Resources Inc. (D) plans to raise about $750 million through a stock offering. The Virginia-based utility company said it plans to sell 10.2 million shares and use the proceeds for general corporate purposes, including its planned $4.4 billion acquisition of Questar Corp.

 

DCP Midstream LLC, a joint venture of Phillips 66 (PSX) and Spectra Energy Corp. (SE), eliminated 300 jobs and cut capital spending to $250 million as part of a cost-cutting push amid sharply lower energy prices. Its master limited partnership, DCP Midstream Partners LP trades on the New York Stock Exchange under the ticker symbol (DPM).

 

Home Depot Inc. (HD) Chief Executive Craig Menear received $11.6 million in total compensation for 2015, up 14% from the year earlier, according to a regulatory filing.

 

Microchip Technology Inc. (MCHP) on Monday said it expected sales and profit from recently acquired Atmel Corp. to be "significantly lower" in its latest quarter than the preceding one.

 

National Instruments Corp. (NATI) on Monday lowered its first-quarter financial guidance, citing weakness in the industrial economy and a "marked slowdown" in wireless-related semiconductor accounts.

 

United Continental Holdings Inc. (UAL) has reached tentative agreements with its nearly 30,000 ground workers. No details were released on the proposed labor pacts, which are subject to ratification by union members. Mediated talks continue with its flight attendants and mechanics.

 

World Wrestling Entertainment Inc. (WWE) on Monday reported WWE Network total subscribers rose 39% to 1.8 million while paid subscribers rose 11% to 1.5 million.

 
 

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

 

(END) Dow Jones Newswires

April 05, 2016 09:25 ET (13:25 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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