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Mondelez International (MDLZ) – Shares jumped on reports that Kraft-Heinz, backed by Warren Buffett’s Berkshire Hathaway, is planning to acquire the company. Mondelez was previously part of Kraft before splitting from the company in 2012.
Delta Air Lines (DAL) – The airliner revised its fourth quarter passenger revenue to the upside, boosting its outlook on revenue per available seat mile to drop 3% compared to its prior view of -3% to -5%.
athenahealth (ATHN) – The company that provides cloud-based services for health care reaffirmed its 2016 guidance and released an upbeat outlook for 2017. Athenahealth projected revenue in the range of $1.29 billion to $1.33 billion and adjusted operating income of $170 million to $190 million next year, topping Wall Street estimates.
Valeant Pharmaceuticals (VRX) – Morgan Stanley downgraded the Canadian drug maker, cutting its rating on the stock to equal weight from overweight and slashing its price target to $17 from $25.
Pier 1 Imports (PIR) – The retailer reported better than expected quarterly results and raised its full-year guidance. Pier 1 Imports also appointed Terry London interim president and CEO effective January 1, 2017.
Twenty-First Century Fox (FOXA) – The company has formally submitted a $14 billion bid to take full control of British pay-TV giant Sky. Fox said it expects to the deal to be completed by the end of 2017.
