Among the companies with shares expected to actively trade in
Tuesday's session are Navistar International Corp. (NAV) and Salix
Pharmaceuticals Ltd. (SLXP) .
Navistar said its loss narrowed in its October quarter, but the
truck maker's bottom line fell short of Wall Street's expectations
for a profit. Shares fell 8.4% to $32.10 premarket.
Salix said it plans to clear out its wholesaler inventory, just
months after a potential takeover by Botox-maker Allergan Inc.
stalled on concerns over Salix's high inventory levels. Salix also
withdrew its guidance for its current quarter and year, citing
impacts from the inventory plan. Shares rose 4.7% to $107.90
premarket.
Amazon.com Inc. (AMZN) is extending its deadlines for customers
to place orders if they want their packages before Christmas day to
as late as 11:59 p.m. EST on Dec. 19, giving customers one more day
than last year. The latest Prime members can place orders is Dec.
22. Last week Wal-Mart Stores Inc. said it would still guarantee
Christmas Eve delivery for packages sent by standard shipping and
ordered by Dec. 19. Amazon shares fell $1.67 to $304.40
premarket.
Boeing Co. (BA) said its board authorized the repurchase of $12
billion of the aerospace and defense company's shares over the next
two to three years and raised its quarterly dividend by 25%. Shares
rose 2% to $124.50 premarket.
Crocs Inc. (CROX) has appointed Gregg Ribatt, formerly of Spanx
Inc. and Collective Brands, chief executive of the footwear
company, which is downsizing as its plastic clogs have fallen out
of fashion. Shares rose 6% to $12.89 premarket.
CVS Health Corp. (CVS) projected up to 16% earnings growth for
the next year, driven by gains in specialty drugs and acquisitions.
The drugstore chain also approved a new $10 billion stock
repurchase program and boosted its quarterly dividend by 27%.
Shares rose 1.3% to $91 premarket.
Pharmacy-benefit manager Express Scripts Holding Co. (ESRX) has
named an executive of a beverage distributor executive as its
interim chief financial officer. Shares fell 2.5% to $80.74
premarket.
FactSet Research Systems Inc. (FDS) said strong growth in its
client base across geographic regions helped profit in the November
quarter, offsetting a 10% jump in operating costs that came partly
from the addition of new employees. Shares rose 4.7% to $141.50
premarket.
FedEx Corp. (FDX) has agreed to buy logistics provider Genco,
which has revenue of about $1.6 billion. Shares fell 27 cents to
$176 premarket.
Jefferies Group LLC said it is considering strategic options for
the commodities and financial-derivatives unit it bought from
Prudential Financial Inc. (PRU) in 2011. The unit of Leucadia
National Corp. (LUK) while also reported that volatility and a
tepid trading environment dragged down results in its quarter ended
November. Leucadia shares fell 1.7% to $21.20 premarket.
Activist shareholder Jana Partners LLC dropped plans to nominate
a slate of candidates to the board of PetSmart Inc. (PETM) in light
of the pet-supply retailer's deal to be acquired. PetSmart shares
fell two cents to $80.95 premarket.
VeriFone Systems Inc. (PAY) swung to a fourth-quarter profit on
higher revenue as the electronic-payment company continues to move
away from its traditional electronic payment terminals. Shares fell
by a penny to $33.05 premarket.
Whirlpool Corp. (WHR) cut its financial forecast for the year
and offered a weak forecast for 2015, citing integration costs
related to recent acquisitions. Shares fell 2.2% to $179.25
premarket.
Watch list:
Actavis PLC (ACT) unveiled its planned management structure for
the company after it closes its acquisition of Botox maker Allergan
Inc. (AGN) , with Actavis Chief Executive Brent Saunders continuing
in that role. Paul Bisaro, likewise, will remain the board's
executive chairman. The company said the management team will
include members of both Actavis's and Allergan's executive
ranks.
Caesars Entertainment Corp.'s (CZR) largest unit skipped a
$225-million interest payment on some junior bonds, triggering a
30-day grace period before a default, according to a filing.
Standard & Poor's responded by cutting the unit's credit rating
by four notches to default.
Callaway Golf Co. (ELY) raised its 2014 outlook amid operating
improvements, but warned of softness next year tied to unfavorable
currency effects.
Magellan Health Services Inc. (MGLN) gave a muted outlook for
its upcoming year on Tuesday, as the healthcare-management provider
seeks to offset high costs with growth from acquisitions and other
steps.
Wausau Paper Corp. (WPP) terminated a "poison pill" antitakeover
defense that was adopted in 1998 and set to expire in 2018.
WellCare Health Plans Inc. (WCG) appointed Chief Operating
Officer Kenneth A. Burdick as its new chief executive, a year after
firing Alec Cunningham over differing perspectives.
Write to Maria Armental at maria.armental@wsj.com and Tess
Stynes at tess.stynes@wsj.com
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