News Corp. Southeastern Asset Management now has a nearly 12 percent stake in the media giant up from a one percent stake at the end of June.
Procter Gamble Suntrust downgraded PG's shares to neutral from buy saying the company has done will with its cost cutting efforts but still needs to show consistent top line growth.
Verizon The telecom company is seeing strong demand from what will be a record corporate bond offering with the final size due to be set today. The proceeds will be used to help finance Verizon's purchase of Vodafone's 45 percent stake in Verizon Wireless.
Best Buy CEO Hubert Joly sold $10.4 million in stock to cover the cost of his divorce according to an SEC filing. The electronics retailer said despite the sale Joly remains heavily invested in Best Buy.
Marriott UBS upgraded Marriott to buy from neutral calling the hotel operator an opportunity for investors after seeing it underperform its peers so far this year.
Texas Instruments The chipmaker narrowed its third quarter profit and revenue outlook now expecting current quarter earnings of 51 to 55 cents per share. Current Street consensus is at 53 cents.
International Paper The company raised its quarterly dividend by five cents or 17 percent to 35 cents per share. IP also announced a $1.5 billion stock buyback program.
Netflix The video service has launched in the Netherlands its 41st country of operations.
BlackBerry The smartphone maker cut several dozen U.S. sales jobs according to the Wall Street Journal.
Vodafone Vodafone is still short of the shareholder acceptances needed for its offer to buy Germany's largest cable company Kabel Deutschland. Vodafone faces a deadline today to get the necessary approvals.
AIG The insurance giant has stopped striking reinsurance deals with Berkshire Hathaway for competitive reasons according to a Bloomberg report. The story cites a growing rivalry between the two companies.
Herbalife Investor Bill Ackman sent a letter to PricewaterhouseCoopers alleging serious accounting issues at Herbalife. Ackman's Pershing Square has a large short position in Herbalife and he continues to accuse the company of being a pyramid scheme . PwC is Herbalife's auditor.
Synnex Synnex is buying IBM's (IBM) customer care business process outsourcing services unit for $505 million in cash and stock. Synnex is a distributor of information technology and plans to combine the IBM unit with its Concentrix subsidiary.
ConAgra The food company's stock was upgraded to buy from neutral at Goldman Sachs which calls ConAgra a prospective turnaround story as its cost outlook improves and new private label opportunities arise.
Ralph Lauren Citi added the clothing designer's stock to its focus list saying it's the most attractively valued among its global apparel peers.
By CNBC's Peter Schacknow
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