Among the companies with shares expected to actively trade in
Tuesday's session are United Parcel Service Inc. (UPS), Dick's
Sporting Goods Inc. (DKS) and Humana Inc. (HUM).
UPS expects to hire 90,000 to 95,000 seasonal employees for its
anticipated holiday surge in deliveries. Shares were inactive in
premarket trading.
Dick's Sporting Goods said Tuesday two of its top executives
will soon retire, as the company contends with inconsistent results
heading into the holiday-shopping period. Shares were inactive
premarket.
Humana on Tuesday unveiled a $2 billion share-repurchase program
to replace its current buyback plan. Shares edged up slightly to
$128.37 premarket.
Smallpox-vaccine maker Siga Technologies Inc. (SIGA) filed for
Chapter 11 protection Tuesday. Shares sank 34% to 95 cents
premarket.
Pershing Square Capital Management L.P. and Allergan Inc. (AGN)
reached a settlement to one contentious scene in their tussle,
putting an end to the debate over a special meeting of Allergan
shareholders. The agreement means Allergan will hold a special
meeting on Dec. 18, where Pershing Square and Valeant
Pharmaceuticals International Inc. (VRX) will seek to remove a
majority of the Botox-maker's board and push forward their $53
billion takeover attempt. Allergan's shares rose 1% to $170.30
premarket.
New York Attorney General Eric Schneiderman filed a lawsuit
against Actavis PLC (ACT) and its Forest Laboratories unit to stop
the companies from "forcing Alzheimer's patients to switch
medications as part of an anti-competitive strategy designed to
maintain high drug prices."
Eli Lilly & Co. (LLY) and AstraZeneca PLC (AZN) said Tuesday
they reached an agreement to develop and commercialize AZD3293, an
oral beta secretase cleaving enzyme for the treatment of
Alzheimer's disease.
Sears Holdings Corp. (SHLD) is borrowing $400 million from Chief
Executive Edward Lampert's hedge fund, giving the retailer an
infusion for the holidays after it burned through cash over the
summer.
Chiquita Brands International Inc. (CQB) said Tuesday it is
considering making concessions to secure European Commission
approval for its planned merger with Irish fruit grower Fyffes PLC
(FFY.DB).
Factset Research Systems Inc. (FDS) said its fiscal
fourth-quarter profit rose 8.7% as the company added more clients
and its revenue pushed higher.
Watchlist:
Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), J.P. Morgan
Chase & Co. (JPM) and other banks released mid-year stress-test
results. The new filings, required under the Dodd-Frank financial
law, showed some new concerns that banks have about possible
stressed scenarios that could test their balance sheets between now
and 2016. Meanwhile, a person familiar with the situation said
Citigroup is getting closer to a possible sale or initial public
offering of its subprime lending unit, OneMain Financial.
United Continental Holdings Inc. (UAL) reached an agreement with
the Association of Flight Attendants union to offer most of its
23,000 flight attendants a voluntary severance program.
Boeing Co. (BA) appears positioned to beat out smaller rivals
SpaceX and Sierra Nevada Corp. for the bulk of a
multibillion-dollar NASA contract to ferry astronauts to and from
orbit, according to government and aerospace-industry
officials.
PG&E Corp. (PCG) unit Pacific Gas & Electric Co. said it
believes some emails from the utility to the California Public
Utilities Commission in January violated CPUC rules on
communications. Pacific Gas & Electric said that as a result of
an internal review, three officers "will no longer be employed by
the company."
Global Payments Inc. (GPN) agreed to acquire payments-services
company Ezi Holdings Pty. Ltd., or Ezidebit, for 305 million
Australian dollars (US$275.5 million), in a deal that expands the
credit-card processor's business in the fast-growing Asia-Pacific
market.
PBF Logistics LP (PBFX) agreed to acquire the west unloading
rack near PBF Energy Inc.'s (PBF) Delaware City, Del., refinery for
$150 million. The newly commissioned west rack is equipped with
facilities to aid in the unloading of heavy crude oil, primarily
from Canada, that is delivered by rail.
Write to Tom Rojas at tom.rojas@wsj.com and Josh Beckerman at
josh.beckerman@wsj.com
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