Stocks quoted in this article:
U.S. stock futures are wading in red ink this morning, pressured by a softer-than-forecast jobs report for July. In company news, today's stocks to watch include gaming specialists Scientific Games Corp (NASDAQ:SGMS) and Bally Technologies Inc. (NYSE:BYI), electronics retailer RadioShack Corporation (NYSE:RSH), and Wall Street newcomer Mobileye NV (NYSE:MBLY).
- Scientific Games Corp (NASDAQ:SGMS) has offered to pay roughly $3.3 billion, or $83.30 per share, to acquire sector peer Bally Technologies Inc. (NYSE:BYI). Including the assumption of BYI debt, the deal is valued at $5.1 billion. SGMS is up 23.3% ahead of the open, while BYI has bounced 31.2%. (AP, via Yahoo! Finance)
- RadioShack Corporation (NYSE:RSH) is in its death throes, according to CNNMoney. RSH shares on Thursday tumbled to an all-time low of $0.62, and the retail chain reportedly has only $62 million in cash on hand -- which means it's not even liquid enough to shutter underperforming locations. Representatives for RSH did not comment for the story. (CNNMoney)
- Israeli software firm Mobileye NV (NYSE:MBLY) is set to make its trading debut on the Big Board today, after raising $890 million through its initial public offering (IPO). MBLY sold 35.6 million shares at $25 each, topping its upwardly revised price range of $21 to $23 per share. (Bloomberg)
- Apple Inc. (NASDAQ:AAPL) is planning to cut 200 employees from its freshly acquired Beats division, representing roughly 29% of the unit's work force. Sources say most of the layoffs will be made to eliminate redundancies with the current AAPL payroll, such as positions in the human resources and finance areas. (Mashable)
- On the earnings front, The Procter & Gamble Company (NYSE:PG), Tesla Motors Inc (NASDAQ:TSLA), LinkedIn Corp (NYSE:LNKD), and GoPro Inc (NASDAQ:GPRO) were among the big names to report their latest quarterly results. (CNBC; Business Insider)