U.S. Hot Stocks: Hot Stocks to Watch
October 12 2015 - 8:35AM
Dow Jones News
By Chris Wack
Among the companies with shares expected to trade actively in
Monday's session are EMC Corp. (EMC), Eli Lilly & Co. (LLY) and
Norwegian Cruise Line Holdings Ltd. (NCLH).
Dell Inc. and private-equity firm Silver Lake will buy EMC Corp.
for roughly $67 billion in cash and stock, marking one of the
largest technology-industry takeovers ever. Shares of EMC Corp.
rose 3.43% to $28.82 in premarket trading.
Eli Lilly & Co. said it is ending development of its
experimental drug for high-risk atherosclerotic cardiovascular
disease following the urging of an independent data-monitoring
committee because the treatment wasn't effective enough. Shares
fell 10.63% to $77.00 premarket.
Norwegian Cruise Line Holdings Ltd. said Monday it would add its
first vessel custom-made to cater to the Chinese market in 2017.
Shares were untraded premarket.
Staples Inc. (SPLS) and Office Depot Inc. (ODP) said they agreed
to a Federal Trade Commission decision to extend its review of
Staples' planned $6.3 billion deal to buy its office-supplies rival
by nearly two months.
Phillips 66 (PSX) said Monday that it has set its 2016 capital
budget at $3.6 billion, down from $4.6 billion last year, and
boosted its stock-buyback plan by $2 billion. Shares rose 0.81% to
$84.20 premarket.
Chipmaker Qualcomm Inc. (QCOM) said Monday it has agreed to sell
its Vuforia business to software company PTC Inc. (PTC).
Write to Chris Wack at chris.wack@wsj.com
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(END) Dow Jones Newswires
October 12, 2015 09:20 ET (13:20 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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