Early movers: YHOO, VZ, CKEC, AGN, HSY, TSLA, SCTY, AAPL & more

Getty Images. Banks face increased regulations thanks to Wells Fargo, FBR Capital Markets' Paul Miller says.·CNBC
Peter Schacknow
0

Check out which companies are making headlines before the bell:

Yahoo (YHOO) — Verizon (VZ) is buying Yahoo's operating businesses for $4.8 billion in cash. The deal does not include Yahoo's stakes in Alibaba (BABA) and Yahoo Japan, and also excludes certain patents and Yahoo's cash.

Carmike Cinemas (CKEC) — The movie theater chain will be bought by rival AMC Entertainment (AMC) in an improved deal worth $33.06 per share in cash and stock — that's a more than 10 percent improvement over AMC's original bid.

Allergan (AGN) — Credit Suisse initiated coverage on Allergan with an "outperform" rating, saying the drug maker has a broad and underappreciated pipeline.

Kimberly-Clark (KMB) — The consumer products maker reported quarterly profit of $1.56 per share, eight cents a share above estimates. Revenue also beat Street forecasts. The company said it performed well in a challenging economic environment.

Hershey (HSY) — The Hershey Trust — the chocolate maker's largest shareholder — agreed to make significant governance changes, according to Dow Jones. Those changes could potentially boost the chances that a previously rejected $23 billion takeover offer from Mondelez International (MDLZ) will be in play once again.

Tesla (TSLA), SolarCity (SCTY) — The two are close to striking a merger deal, according to a Reuters report. Both the automaker and the solar company are controlled by billionaire Elon Musk.

G-III Apparel (GIII) — G-III struck a deal to buy Donna Karan International from LVMH, in a transaction worth $650 million.

Apple (AAPL) — Apple is expected to sell its one billionth iPhone this week, according to the Financial Times.

Tableau Software (DATA) — Tableau was downgraded to "hold" from "buy" at Deutsche Bank, which said price discounting and competition could weigh shares of Tableau, which specializes in data analysis and sharing.

Viacom (VIAB) — Viacom saw its Paramount studio film "Star Trek Beyond" top the weekend box office, with North American ticket sales of $59.6 billion.

Ericsson (: ) — Chief Executive Officer Hans Vestberg resigned effective immediately, according to the telecom equipment maker. He had been under fire for the past few months, due in large part to weak financial results.

Dow Chemical (DOW), DuPont (DD) — The two companies are offering concessions to the European Union in order to win approval from their planned merger deal, according to a Bloomberg report.

Salesforce.com (CRM) — Salesforce CEO Marc Benioff told LinkedIn (LNKD) that he might have been willing to pay much more for the company than the $26 2 billion that Microsoft (MSFT) paid, had he been given the chance. That's according to a Re/code report.

Danaher (DHR) — The designer and manufacturer of industrial and consumer products beat estimates by three cents a share, with adjusted quarterly profit of $1.25 per share. Revenue also came in above forecasts. The company said it did well in what it calls "challenging" economic conditions.

Questions? Comments? Email us at marketinsider@cnbc.com




More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance

Advertisement

Recommended Stories