Cisco Systems CSCO , the networking giant, announced Sunday it was buying cloud computing company Meraki for $1.2 billion.Meraki, based in San Francisco, will form Cisco's new Cloud Networking group, which will be led by Meraki CEO Sanjit Biswas. Cisco shares were rising 1.3% to $18.22 in premarket trading.
Retailer Urban Outfitters URBN is expected to earn 41 cents a share in the third quarter on revenue of $692.4 million.Clues to E-Commerce Success
Tyson Foods TSN posted fiscal fourth-quarter adjusted earnings of 55 cents a share on sales of $8.37 billion. analysts forecast earnings of 44 cents a share on sales of $8.49 billion.
Earnings are also expected Monday from Jack in the Box JACK , Krispy Kreme KKD , Agilent A and Brocade BRCD .
BioMimetic Therapeutics BMTI shares rose 82% to $7.57 after it announced Monday an agreement to combine its business with Wright Medical WMGI .
News Corp NWSA is expected to announce this week that it will acquire a 49% in the YES Network from the New York Yankees and its partners, according to Reuters, which cited a person with knowledge of the talks. The deal would would value the sports channel at $3 billion, Reuters said. An Assault on Yield-Oriented ETFs
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