Among the companies with shares expected to actively trade in
Tuesday's session are SodaStream International Ltd. (SODA),
Christopher & Banks Corp. (CBK) and General Motors Co.
(GM).
SodaStream on Tuesday projected sharply lower-than-expected
revenue for the third quarter, as weak demand for its soda makers
and flavors and an ongoing struggle to gain new customers weighed
on sales. Shares fell 16.6% to $23 in heavy premarket trading.
Christopher & Banks lowered its quarterly sales guidance on
continued weakness in customer traffic at malls, inventory issues
and impacts from disruptions at West Coast ports. Shares dropped
23.1% to $7 premarket.
General Motors will recall about 7,600 Chevrolet Caprice police
vehicles for a transmission issue, making this the 75th safety
recall action the auto maker has taken this year and putting the
number of total vehicles recalled by the company in North America
at well over 30 million. Shares fell 1.6% to $33.20 premarket.
A patient hospitalized with the Ebola virus in Dallas is taking
an experimental drug made by Chimerix Inc. (CMRX), the hospital
where he is being treated said Monday. Shares rose 4.1% to $32.75
premarket.
Agco Corp. (AGCO) again cut its guidance as the farm-machinery
maker planned to scale back production and costs amid weak sales
across all of its regions. Shares fell 8% to $43.34 premarket.
Bristol-Myers Squibb Co. (BMY) said Tuesday that it will not
pursue U.S. Food and Drug Administration approval of the dual
regimen of daclatasvir and asunaprevir for the treatment of
hepatitis C. Shares dipped 0.3% to $50.95 premarket.
The Container Store Group Inc. (TCS) reported disappointing
sales for the August quarter and lowered its sales outlook for the
current fiscal year. Shares slid 14.2% to $18.78 premarket.
Boeing Co. (BA) on Tuesday said it expects its air-freight
traffic to more than double by 2033, bolstered by recovery in the
industry after years of lackluster trade growth and a weak world
economy.
European Union regulators opened a formal probe into Amazon.com
Inc.'s (AMZN) tax arrangements in Luxembourg, snaring another major
U.S. company in a high-profile investigation that has already
spread to Apple Inc. (AAPL) and Starbucks Corp. (SBUX).
Watchlist:
CalAmp Corp. (CAMP) reported higher revenue in the second
quarter, driven by a strong wireless datacom segment that offset a
22% decline in satellite revenue.
A former executive at Furniture Brands International Inc. will
take over as Dean Foods Co.'s (DF) chief commercial officer on Oct.
13, the dairy giant said Monday.
EZcorp Inc. (EZPW) said it plans to discontinue its online
business in Britain and the U.S., part of an effort to focus more
closely on its core operations as a pawnshop operator and provider
of unsecured short-term loans.
Lundin Mining Corp. (LUN.T, LUNMF) on Monday agreed to acquire
Freeport-McMoRan Inc.'s (FCX) controlling stake in Chile's
Candelaria copper mine for $1.8 billion, a move that would more
than double the Canada-based mining company's copper production and
diversify its operations geographically.
Coca-Cola Co. (KO) agreed to change the labeling and marketing
of its Glaceau Vitaminwater drinks to settle a class-action lawsuit
over deceptive labeling, the company said on Monday.
PG&E Corp.'s (PCG) Pacific Gas & Electric Co. unit said
Monday it has self-reported more emails that it believes violated
rules governing how companies communicate with California's Public
Utilities Commission.
Turner Broadcasting System Inc. plans to cut about 10% of its
workforce, the Time Warner Inc. (TWX) company said on Monday.
Write to Tom Rojas at tom.rojas@dowjones.com and Maria Armental
at maria.armental@wsj.com
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