Carl tweets again. This time it's about Talisman Energy (TLM), which is up 6% early this morning. The billionaire investor disclosed his position in a tweet, and also stated he "may have conversations with management re strategic alternatives, board seats, etc." According to a 13-D filing, Icahn's position represents a 5.97% stake in the oil and natural gas producer.
Jamba (JMBA) is feeling the consumer squeeze. Shares are down double-digits after cutting its outlook on fiscal 2013 and 2014. The company, which owns and franchises Jamba Juice stores, is blaming a slowdown in consumer spending and adverse weather conditions for taking a big bite out of same-store sales. They're now expecting flat to one-percent growth for company-owned stores this year. And they're expecting a 3.4% drop in same-store sales for the third quarter alone. Shares are down more than 12% over the last three months.
Alcatel-Lucent (ALU) announced massive job cuts to accelerate its $1.4 billion turnaround plan. The French network-equipment maker planning to eliminate 10,000 jobs worldwide, roughly 15% of its workforce. The cuts will hit particularly hard in Europe, the Middle East and Africa.
And finally we're still keeping an eye on Alcoa (AA), even though they're no longer the first Dow component to report earnings. After the bell we'll see the aluminum-maker's first quarterly report since being replaced by Nike (NKE) in the Dow Jones Industrial Average last month. Alcoa is expected to earn $0.06 a share on $5.6 billion in revenue for the third quarter.