Among the companies with shares expected to actively trade in
Monday's session are Compugen Ltd. (CGEN), Tyson Foods Inc. (TSN)
and Theragenics Corp. (TGX)
Canadian Solar Inc. (CSIQ) agreed to sell five utility-scale
solar power plants valued at more than 290 million Canadian dollars
($277 million) to Concord Pacific Group Inc. Shares were up 3.5% at
$14.59 in recent premarket trading.
Drug researcher Compugen Ltd. (CGEN) and health-care products
company Bayer AG (BAYRY, BAYN.XE) agreed to jointly pursue a
preclinical research program for treatments that aim to combat
cancer by stimulating the body's own immune cells. Compugen shares
were up 59% at $8.66 in recent premarket trading.
E.W. Scripps Co.'s (SSP) second-quarter earnings fell 41% as the
newspaper and television company reported a large drop in revenue
from political advertisements because of the off-year for
elections. Shares were down 5.7% at $15.74 in recent premarket
trading.
Isis Pharmaceuticals Inc. (ISIS) said it will halt further
development of its treatment for patients with rheumatoid arthritis
following disappointing Phase 2 study results. Shares were down
5.2% at $27.72 in recent premarket trading.
Theragenics Corp. (TGX) signed a deal to sell itself to the
private-equity firm Juniper Investment Co. for roughly $68 million
in cash, about three months after their talks were made public. The
small medical device company, which serves the surgical products
and prostate cancer treatment markets, agreed to be acquired for
$2.20 a share, an 8.9% premium to Friday's close. Shares were up
7.9% at $2.18 in recent premarket trading.
Tyson Foods Inc.'s (TSN) fiscal third-quarter earnings surged as
the meat processor benefited from stronger demand and was able to
offset high feed costs with the help of higher pricing. Earnings
and revenue beat analysts' expectations. Shares were up 3.4% at
$29.49 in recent premarket trading.
Walgreen Co.'s (WAG) July same-store sales rose a
bigger-than-expected 6.3% as the drugstore chain's sales improved
at the front of the store, despite lower customer traffic and a
jump in pharmacy sales. Shares were up 21 cents at $51.19 in recent
premarket trading.
Watch list:
Berkshire Hathaway Inc.'s (BRKA, BRKB) second-quarter profit
rose 46% as investment gains and strong revenue growth across its
businesses helped the company.
CBS Corp.'s (CBS) flagship broadcast network disappeared from
Time Warner Cable Inc.'s (TWC) television service in New York, Los
Angeles and some other major markets at 5 p.m. EDT Friday after
long-running negotiations between the companies failed to reach a
deal on fees.
Forest Oil Corp. (FST) said Chief Financial Officer Michael N.
Kennedy is stepping down to pursue other opportunities in the oil
and gas industry and has named Treasurer Victor A. Wind to be his
replacement.
US Airways Group Inc. (LCC) reported its passenger traffic rose
6.3% in July as the carrier continued to increase its capacity.
Revlon Inc. (REV) has agreed to buy salon-focused beauty-care
company Colomer Group from CVC Capital Partners for $660 million in
cash, a deal that gives the cosmetics company entry into the
professional salon market about 13 years after it sold off the
unit.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires