Yahoo! Inc. (YHOO: Quote) is rising 6 percent to $16.35. The company has reached an agreement late Sunday to unload its holdings in China-based Alibaba Group Holding Ltd. after several failed attempts earlier. Meanwhile, there were reports that Alibaba Group is reportedly in talks with Temasek Holdings Pte. Ltd. to help it finance its $7.1 billion stock buyback from Yahoo!.
Lowe's Companies, Inc. (LOW: Quote) is falling 6 percent to $26.75. The company's first quarter profit increased 14.3 percent. Sales increased 7.9 percent and topped consensus. Looking ahead, the company said it continues to maintain a cautious view of the housing and macro demand environment.
Campbell Soup Co. (CPB: Quote) is falling 1 percent to $33.00. The company's third quarter profit declined from the previous year period. The company expects full-year sales and adjusted EBIT near the lower end its previously expected range and adjusted earnings per share near the upper end of the range.
DaVita Inc. (DVA: Quote) is falling 1 percent to $80. The company has agreed to acquire HealthCare Partners, LLC for about $4.42 billion in a cash and stock deal.
BlackRock, Inc. (BLK: Quote) is declining more than 2 percent to $167.11. Barclays Bank Plc intends to undertake a disposal of its entire holding in the company by way of a registered secondary offering and a related buyback by BlackRock.
Trading in shares of TOR Minerals International Inc. (TORM: Quote) was halted. The company announced that it has received a purchase order from an international chemical customer to supply synthetic rutile titanium dioxide feedstock in an aggregate amount of $11 million.
Trading in shares of Sino Clean Energy Inc. (SCEI: Quote) was halted.
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by RTT Staff Writer
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