Stocks quoted in this article:
U.S. stock futures are set to open lower this morning, with traders eyeing a fresh round of sanctions levied against Russia by members of the European Union. In company news, today's stocks to watch include retailer Family Dollar Stores, Inc. (NYSE:FDO), fast-food giant McDonald's Corporation (NYSE:MCD), streaming entertainment provider Netflix, Inc. (NASDAQ:NFLX), and egg producer Cal-Maine Foods Inc (NASDAQ:CALM).
- Family Dollar Stores, Inc. (NYSE:FDO) is nearly 25% higher in pre-market trading, after sector peer Dollar Tree, Inc. (NASDAQ:DLTR) agreed to acquire the chain for roughly $8.5 billion, or $74.50 per share. Activist investor Carl Icahn, who owns 9.4% of FDO, had been pushing for the discount retailer to sell itself. (Reuters)
- Due to extensive food recalls amid a scandal at its Shanghai processing facility, McDonald's Corporation (NYSE:MCD) is facing shortages at its Chinese locations. Over the weekend, at least one mainland MCD outpost was able to offer customers only side items, desserts, and beverages. (CNNMoney)
- Speculation suggests that Netflix, Inc. (NASDAQ:NFLX) could acquire the streaming rights to Seinfeld when the classic sitcom's broadcast and cable syndication deals expire in a couple of months. Rumors began to circulate after Jerry Seinfeld indicated that "conversations are presently taking place" during a Reddit AMA last week. (Bloomberg Businessweek)
- Apple Inc. (NASDAQ:AAPL) is reportedly close to a $30 million deal to acquire the talk-radio app Swell. The rumored acquisition could be an effort to replace Apple's own app for streaming talk content, which has been panned by Apple Store reviewers. (Re/code)
- Virgin America has filed for a U.S. initial public offering (IPO), with Barclays and Deutsche Bank Securities acting as lead underwriters. Virgin currently flies to 22 cities across the U.S. and Mexico, and landed top honors two years in a row in the annual Airline Quality Rating study. (Reuters, via CNBC)
- On the earnings front, Cal-Maine Foods Inc (NASDAQ:CALM) and Tyson Foods, Inc. (NYSE:TSN) both reported their latest quarterly results. (MarketWatch; Bloomberg Businessweek)