Among the companies with shares expected to trade actively in Friday's session are Big Lots Inc. (>> Big Lots, Inc.), Thermo Fisher Scientific Inc. (>> Thermo Fisher Scientific Inc.) and FEI Co. (>> FEI Company).
Big Lots on Friday boosted its outlook for the year and reported a 20% rise in profit in the first quarter as comparable-store sales continued to rise at the discount retailer. Shares rose 14% to $50.88 in premarket trading.
Lab-equipment company Thermo Fisher Scientific on Friday said it reached a deal to acquire microscope-technology maker FEI for $4.5 billion in cash. Shares of Thermo Fisher rose 0.69% to $152.25 premarket. Shares of FEI rose 12.58% to $106.48 premarket.
Hercules Offshore Inc. (HERO) is back in chapter 11 bankruptcy protection with a deal involving nearly all first-lien debtors. Unsecured creditors are proposed to be paid in full, and shareholders will get something via asset sales as Hercules plans to go out of business. Shares fell 37.11% to $1.22 premarket.
Deckers Outdoor Corp. (>> Deckers Outdoor Corp), maker of UGG boots and Sanuk sandals, on Thursday reported that it swung to a quarterly loss, though results were better than expected. The company said Dave Powers, president of Deckers brands, will succeed Chief Executive Angel Martinez following Mr. Martinez's retirement Tuesday. Deckers fell 1.7% to $48.40 premarket.
Williams Cos. (>> Williams Companies Inc)'s suit against Energy Transfer Equity LP (>> Energy Transfer Equity LP) Chairman Kelcy Warren has been dismissed by a Dallas court, ETE said Thursday. Williams had accused Mr. Warren of interfering with a proposed merger of the two companies by issuing special preferred shares to company insiders, insulating them from a dividend cut. Separately, Williams has argued in a Delaware Court that ETE has breached the merger agreement and is seeking to hold ETE to the terms of the deal. ETE has fired back with a counterclaim, arguing that it is WMB that has breached the merger agreement and seeking permission to terminate the deal.
GameStop Inc. (>> GameStop Corp.) on Thursday reported an 11% drop in quarterly profit and gave a lackluster projection for the current quarter, as the videogame retailer races to keep pace with a market in which games increasingly are downloaded.
General Motors Co. (>> General Motors Company) has agreed on a $14.5 billion revolving credit facility, reaffirming its so-called capital allocation framework. The financing includes a $10.5 billion five-year facility and a $4 billion three-year facility. GM said 44 financial institutions participated in the credit agreement. It replaces an existing $12.5 billion revolving credit facility.
Palo Alto Networks Inc. (>> Palo Alto Networks Inc) on Thursday reported a wider quarterly loss on higher expenses and gave a downbeat outlook for the current quarter.
Offshore driller Rowan Cos. PLC's (>> Rowan Companies PLC) top executives have agreed to a voluntary 10% salary cut starting July 1 as a show of "good faith" during the oil-price downturn.
Big-data software company Splunk Inc. (>> Splunk Inc) on Thursday reported a 48% increase in first-quarter revenue and raised its full-year guidance for the second time in as many quarters. Splunk, which hasn't yet reported a profit, posted a wider net loss as its operating expenses increased.
Ulta Salon Cosmetics & Fragrance Inc. (>> Ulta Salon, Cosmetics & Fragrance, Inc.) on Thursday raised its outlook for the year following a 38% jump in profit for the first quarter.
Western Digital Corp. (>> Western Digital Corp) on Thursday cut its profit projection for the current quarter to reflect higher debt costs tied to its $19 billion acquisition of rival SanDisk Corp., which closed this month.
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Stocks mentioned in the article : Big Lots, Inc.
, Ulta Salon, Cosmetics & Fragrance, Inc.
, Thermo Fisher Scientific Inc.
, Splunk Inc
, Rowan Companies PLC
, Western Digital Corp
, Williams Companies Inc
, Palo Alto Networks Inc
, Deckers Outdoor Corp
, Energy Transfer Equity LP
, FEI Company
, General Motors Company
, GameStop Corp.