Among the companies with shares expected to trade actively in Friday's session are Tiffany & Co. (TIF), Starwood Hotels (HOT) and Marriott International (MAR).

 

Tiffany & Co. said comparable store sales and profit fell in its fourth quarter, and the luxury jeweler warned that profit in its current quarter would be worse than expected. Shares rose 0.26% to $70.30 in premarket trading.

 

Starwood Hotels has accepted a raised $78 a share buyout offer from a Chinese group led by Anbang Insurance over the largely stock deal the hotelier reached in November with rival Marriott. Starwood shares rose 4.4% to $79.75 premarket. Marriott shares rose 0.97% to $72.50 premarket.

 

Adobe Systems Inc. (ADBE) on Thursday raised its projections for the year as first-quarter profit nearly tripled driven by its Creative Cloud business.

 

Cash-strapped Aéropostale Inc. (AZO) is considering strategic alternatives, including selling itself. Thursday's announcement came after the teen retailer posted its third straight year of declining sales and annual losses, exacerbated by a vendor dispute with an affiliate of Sycamore Partners.

 

Qualcomm Inc. (QCOM) has named technology-industry veteran Mary Gendron as its new chief information officer, a company spokesperson confirmed Thursday. Ms. Gendron officially took over the post earlier this year and reports directly to George Davis, the company's chief executive officer.

 

Digital-photo company Shutterfly Inc. (SFLY) said Christopher North will join the company as chief executive on May 31. Mr. North has been with Amazon.com Inc.'s U.K. business since 2006, most recently as U.K. managing director.

 

TransCanada Corp.(TRP), the company behind the controversial Keystone XL oil pipeline project, agreed to buy Columbia Pipeline Group Inc. (CPGX) for $10.2 billion. The Wall Street Journal had reported on the talks last week citing people familiar with the matter.

 

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

 

(END) Dow Jones Newswires

March 18, 2016 09:22 ET (13:22 GMT)

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