Among the companies with shares expected to actively trade in
Friday's session are General Motors Co. (GM), J.P. Morgan Chase
& Co. (JPM) and Mylan Inc. (MYL).
General Motors announced two new recalls Friday covering almost
524,400 cars in North America, suggesting the auto maker is still
struggling to meet new quality standards instituted by the company
in the wake of its ignition-switch fallout. Shares edged up 0.6% to
$33.37 in premarket trading.
J.P. Morgan said about 76 million households were affected by a
cybersecurity attack on the bank this summer in one of the most
sweeping disclosed breaches of a financial institution. Shares were
up 0.8% to $59.32 premarket.
Mylan on Friday boosted its guidance for the third quarter,
citing multiple product approvals and launches in the U.S. during
the period. Shares gained 5.8% to $49.20 premarket.
Linn Energy LLC (LINE) said it reached agreements to sell assets
in Texas and Oklahoma for a total of $2.3 billion, as the company
finances its deal to buy assets from Devon Energy Corp. (DVN).
Linn's shares rose 1.4% to $29.50 premarket.
RadioShack Corp. (RSH) has agreed to a financing package
arranged by hedge fund Standard General LP that will help ease the
company's cash crunch ahead of the holidays, people familiar with
the matter said. Shares jumped 39.4% to $1.38 premarket.
Walgreen Co. (WAG) said sales in comparable stores increased by
7.9% in September. Shares were up 1.2% to $60.49 premarket.
Argentina-based firm Pluspetrol Resources Corp. will buy Apco
Oil & Gas International Inc. (APAGF) in a deal that values the
company at $427 million, Apco said Friday. Apco's shares surged
13.9% to $14.40 premarket.
Kellogg Co.'s (K) CEO is planning to meet in London with British
snacks and cookie maker United Biscuits Ltd. (UBUK.YY) in coming
weeks about buying the maker of Jaffa Cakes for about $3.23
billion, said people familiar with the matter.
European Union regulators unconditionally approved Facebook
Inc.'s (FB) $19 billion purchase of mobile-messaging service
WhatsApp Inc., clearing the way for a deal that had been fiercely
opposed by the region's telecom industry.
Watchlist:
Krispy Kreme Doughnuts Inc. (KKD) Chief Financial Officer
Douglas R. Muir will retire in 2015, though he will remain in the
post until a successor is in place, the company said Thursday.
Occidental Petroleum Corp. (OXY) increased its stock-buyback
authorization for the second time this year. The oil and gas
company said Thursday it increased its repurchase authorization by
60 million shares to 76 million.
Resources Connection Inc. (RECN) reported higher revenue in its
first quarter as business in the U.S. offset a decrease in its
international operations.
Struggling teen-apparel retailer Wet Seal Inc.'s (WTSL) top
financial officer has resigned, though he will remain in the
company through Dec. 1 to assist with the transition, the company
said Thursday.
WellPoint Inc. (WLP) increased its stock-buyback authorization
by $5 billion to about $6 billion.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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