Among the companies with shares expected to actively trade in
Wednesday's session are Navistar International Corp. (NAV),
Federal-Mogul Holdings Corp. (FDML) and Helen of Troy Corp.
(HELE)
Navistar International said it sharply narrowed its loss in the
fiscal third quarter as the commercial truck maker reported lower
costs andexpenses. The company's per-share loss was notably smaller
than market expectations, though revenue fell short of estimates.
Shares rose 2.1% to $39.37.
Federal-Mogul Holdings said Wednesday it plans to separate its
Powertrain and Motorparts divisions into two independent, publicly
traded companies. Shares rose 4.3% to $18.
Helen of Troy cut its forecast for the year and warned of
downbeat results for the recently completed quarter, citing
weakness across its segments. Shares fell 10% to $53.20.
Buckeye Partners LP (BPL) agreed to acquire an 80% interest in
Trafigura Beheer NV unit's midstream assets in South Texas for $860
million in a venture the pipeline and terminal operator expects
will allow it to benefit from rapidly growing production in the
Eagle Ford shale. Shares rose 1.5% to $77.89.
Delta Air Lines Inc. (DAL) said its passenger revenue per
average seat mile increased 2% in August, driven by continued
strength in domestic markets that offset pressures from Russia, the
Middle East and Africa. However, the growth was at the lower end of
the company's expectations. Delta also also lowered its operating
margin view for the third quarter and raised its fuel prices
outlook. Shares fell 4% to $39.30.
G-III Apparel Group Ltd. (GIII) said its fiscal second-quarter
profit jumped 74% as the clothing company posted strong sales
across its outerwear and dress divisions. The company's revenue
topped expectations and its raised its fiscal-year sales guidance.
Shares rose 7.5% to $90.51.
AbbVie Inc. (ABBV) and Infinity Pharmaceuticals Inc. (INFI)
unveiled a collaboration todevelop and commercialize Infinity's
lead product candidate, an investigational cancer treatment called
duvelisib. Under the agreement, Infinity will receive an upfront
payment of $275 million and is eligible to receive up to $530
million in additional milestone payments, the companies said.
Infinity shares climbed 36% to $14.80.
Watch list:
Amazon.com Inc. (AMZN) said Chief Financial Officer Thomas
Szkutak plans to retire in June and will be succeeded by company
veteran Brian Olsavsky.
Coca-Cola Enterprises Inc. (CCE) warned its sales and operating
income for the year would likely hit the lower end of the bottling
company's earlier outlook, pointing to a challenging
environment.
Crown Castle International Corp. (CCI) said it has received a
favorable ruling from the Internal Revenue Service tied to securing
status as a real estate investment trust for its wireless
small-cell networks.
Danaher Corp. (DHR) said its board sped up the diversified
manufacturer's succession plan, appointing Thomas P. Joyce Jr. as
president and chief executive.
FIS Inc. (FIS) said Wednesday that it would acquire
Brussels-based Clear2Pay for EUR375 million ($493.3 million) in an
effort to boost its global payments capabilities. The company, also
known as Fidelity National Information Services, has increased its
focus in the financial services sector.
Guidewire Software Inc. (GWRE) reported stronger earnings and
sales than projected for its fiscal fourth quarter, pushing shares
up more than 9% in after-hours trading.
HanesBrands Inc. (HBI) raised its outlook for the year after
completing its EUR400 million ($528 million) acquisition of French
underwear maker DBApparel.
Toll Brothers Inc.(TOL) said its fiscal third-quarter profit
more than doubled as higher home prices and deliveries continued to
boost the home builder's results.
Write to Maria Armental at maria.armental@wsj.com and Tess
Stynes at tess.stynes@wsj.com
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