Among the companies with shares expected to trade actively in Tuesday's session are J.P. Morgan Chase & Co. (JPM), American International Group Inc. (AIG) and Polaris Industries Inc. (PII).

 

In the latest settlement stemming from the financial crisis, J.P. Morgan Chase agreed to pay bond insurer Ambac Financial Group Inc. $995 million to settle lawsuits alleging it misrepresented the quality of mortgages backing hundreds of securities it insured. Shares rose 0.52% to $55.95 in premarket trading.

 

American International Group will sell its broker-dealer network, conduct a partial spin off of its mortgage-insurance unit and more aggressively cut costs, Chief Executive Peter Hancock said in a strategy update Tuesday, as pressure from investor Carl Icahn grows. Shares rose 2.42% to $56.70 premarket.

 

Industrial conglomerate Danaher Corp. (DHR) on Tuesday posted a 4% increase in profit, handily beating expectations as recent acquisitions boosted results. Shares rose 0.73% to $85.00 premarket.

 

Johnson & Johnson (JNJ) reported a 2.4% drop in December quarter sales as adverse foreign exchange rates offset strong growth in U.S. pharmaceutical sales. Shares rose 0.62% to $97.00 premarket.

 

Polaris Industries issued a modest sales forecast for the current year, as the off-road vehicle maker reported its profit fell 18% in its fiscal fourth quarter on soft sales in North America. Shares fell 4.16% to $77.00 premarket.

 

Freeport-McMoRan Inc. (FCX) said it would step up its debt-reduction efforts in response to further weakening in commodities markets and that it is in talks with third parties regarding a potential transaction. Shares rose 8.12% to $4.26 premarket.

 

DuPont Co. (DD), which last month struck a deal to merge with Dow Chemical Co., swung to a loss in its latest quarter as sales fell across all segments and were particularly hard-hit abroad thanks to the strong U.S. dollar.

 

3M Co. (MMM) on Tuesday reported adjusted profit that easily topped Wall Street expectations, though its core sales metric slipped as the company struggles with weak demand.

 

Lockheed Martin Corp. (LMT) will separate its government IT business and combine it with national security firm Leidos Holdings Inc. in a $5 billion transaction, a move to shift the contractor's focus to its core aerospace and defense units.

 

Sprint Corp. (S) on Tuesday boosted its guidance for the year and said its turnaround is starting to take hold, as it posted a loss for the latest quarter that wasn't as deep as Wall Street was expecting.

 

Coach Inc. (COH) said sales continued to improve in its latest quarter, as the handbag and accessories maker's efforts to revamp merchandise and reign in promotions boost sales.

 

Avis Budget Group Inc. (CAR) said Monday that its largest shareholder, SRS Investment Management, will place a member on its board of directors. The companies also agreed that SRS, which owns a 9.5% stake in the rental car company, will recommend a second board member not affiliated with SRS.

 

Health insurer Centene Corp. (CNC) said on Monday that six hard drives containing sensitive information of about 950,000 members are "unaccounted for," leading the company to launch an internal search.

 

Packaging Corp. (PKG) on Monday reported a drop in revenue for its fourth quarter driven mostly by lower prices for white paper among other factors, though the company registered stronger-than-expected adjusted earnings.

 

Rambus Inc. (RMBS) on Monday projected sales above the Wall Street consensus, following better-than-expected results for the December quarter. Rambus, which built its business around licensing technology for chips sold by others, has bought Smart Card Software Ltd. for GBP64.7 million ($92.2 million), adding a secure mobile-payment and ticketing platform that it expects will complement its CryptoManager platform. Rambus expects the deal to boost profit in the first year.

 

Relypsa Inc. (RLYP) reported favorable results from studies of how its treatment for hyperkalemia, or excessive potassium in the blood, interacts with other drugs.

 

Staples Inc. (SPLS) said its president of North American stores, Demos Pareros, has resigned, effective March 31, amid a broader reshuffling of executives at the office-supply chain.

 

Contract manufacturer Sanmina Corp. (SANM) on Monday reported sales below its guidance for the fiscal first quarter, but profit was within the company's projections as margins improved.

 

Starbucks Corp. (SBUX) Chief Executive Howard Schultz's total compensation was valued at $20.1 million for fiscal 2015, down from $21.5 million a year earlier. Still, Mr. Schultz and other top executives received awards above the stated targets in the executive management bonus plan which the company attributed to its strong financial performance.

 

Steel Dynamics Inc. (STLD) on Monday reported a wider fourth-quarter loss as it booked $435 million in charges largely tied to its beleaguered metals-recycling operations.

 

Swift Transportation Co.(SWFT), one of the largest trucking companies in the U.S., reported better-than-expected earnings Monday, just a few months after slashing its profit forecast amid weak freight demand and changes in the logistics business.

 

Zions Bancorp's (ZION) fourth-quarter profit rose 2.3% on stronger-than-expected revenue and lower expenses. The regional bank also set aside more funds to cover energy loans that it doesn't expect to collect due to lower oil and natural-gas prices.

 

Write to Chris Wack at chris.wack@wsj.com or Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

January 26, 2016 09:26 ET (14:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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