Among the companies with shares expected to trade actively in
Monday's session are Tyson Foods Inc. (TSN) and Sears Holdings
Corp. (SHLD).
Fiat Chrysler Automobiles NV (FCAU, FCA.MI) said its U.S. auto
sales rose 6.2% in July, as continued strength in its Jeep and
Chrysler brands helped the auto maker extend its streak of monthly
sales gain to 64 months. Shares rose 1.4% to $16.02.
Tyson Foods reported that its profit jumped 32% in its latest
quarter but still missed expectations because of weak beef sales,
which caused the meat-processing company to cut its full-year
outlook. Shares fell 9.3% to $40.21 in recent premarket
trading.
Sears Holdings said Monday that a gain from the spinoff of some
of its real estate will likely drive its first profit in three
years, though the retailer said sales continued to slide in its
second quarter. Sears shares rose 5.8% to $22.80
Clorox Co. (CLX) posted better-than-expected revenue for its
latest quarter thanks to a 3% increase in sales volume. The
consumer-products maker was cautious about the new fiscal year.
Shares eased 0.7% to $111.13 in recent premarket trading.
Italy's Exor SpA (EXO.MI) and PartnerRe Ltd. (PRE) ended months
of negotiations by reaching an agreement in which Exor would buy
PartnerRe in a deal valued at $6.9 billion. As part of the Exor
deal, PartnerRe has agreed to terminate its separate agreement with
Axis Capital Holdings Ltd. (AXS) and pay Axis a $315 million
termination fee. PartnerRe shares rose 1.9% to $138.60 in recent
premarket trading.
NextEra Energy Inc. (NEE) reported a better-than-expected 8.2%
increase in second-quarter revenue, while the clean-energy company
raised a long-term earnings forecast. Meanwhile, affiliate NextEra
Energy Partners LP (NEP) said it has agreed to buy privately-held
NET Midstream in a $2.1 billion deal. NextEra Energy shares rose
1.7% to $106.98 in recent premarket trading.
Noble Energy Inc. (NBL) swung to a second-quarter loss on a 47%
decline in revenue amid slumping energy prices. Noble shares were
unchanged in morning trading.
PPL Corp. (PPL) lifted the bottom end of its 2015 earnings
forecast after swinging to a second-quarter loss on charges
associated with the spinoff of the Pennsylvania utilities company's
competitive generation business earlier this year. Shares rose 0.9%
to $32.10.
Shire PLC (SHPG) said it acquired closely held Foresight
Biotherapeutics Inc. for $300 million, gaining global rights to the
New York-based firm's investigational treatment for infectious
conjunctivitis--commonly known as pinkeye. The acquisition
strengthens Shire's eye-care pipeline, which includes a treatment
for dry-eye disease. Shire shares were unchanged in morning
trading.
Yahoo Inc. (YHOO) on Friday agreed to buy social shopping site
Polyvore Inc., a move intended to enhance the portal's "Mavens"
growth strategy. Yahoo shares slipped a penny to $36.66.
Barron's Watchlist:
Starbucks Corp. (SBUX) will likely become the world's largest
restaurant company based on market value over the next year,
according to Barron's, as the Seattle-based chain has become far
more than a coffee shop, with breakfast, lunch, and snacks
expanding the appeal of many of its 22,500 stores. Starbucks shares
rose 0.6% to $58.30.
Write to Tess Stynes at tess.stynes@wsj.com
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