Stocks quoted in this article:
Futures on the major U.S. markets are little changed ahead of the bell, as traders digest a slew of corporate earnings reports and geopolitical developments. In company news, here are some stocks to watch.
- China's tainted meat scandal has widened to include such companies as Starbucks Corporation (NASDAQ:SBUX), Burger King Worldwide Inc (NYSE:BKW), and Papa John's Int'l, Inc. (NASDAQ:PZZA). The story -- which hit the wires earlier this week -- was initially focused on McDonald's Corporation (NYSE:MCD) and Yum! Brands, Inc. (NYSE:YUM). With food safety concerns at the forefront, all companies involved have suspended using any meat from the supplier in question. (USA Today)
On the pharmaceutical front, Puma Biotechnology Inc (NYSE:PBYI) announced its experimental breast cancer drug met the goals set for its late-stage trial, while Eagle Pharmaceuticals Inc's (NASDAQ:EGRX) treatment for malignant hyperthermia was approved by the Food and Drug Administration (FDA). (Chicago Tribune; MarketWatch)
The Drug Enforcement Agency (DEA) has subpoenaed Safeway Inc. (NYSE:SWY) for questioning over how it reports the loss or theft of controlled substances. The company has yet to issue a response, but the DEA previously investigated Costco Wholesale Corporation (NASDAQ:COST) and CVS Caremark Corporation (NYSE:CVS) over similar concerns. (Reuters)
Amazon.com, Inc. (NASDAQ:AMZN) introduced a digital wallet for its smartphone Fire, which will be released on Friday. The app -- which is still in beta phase -- will be automatically installed on all the devices. Ahead of Friday's big reveal, reviews for the company's first smartphone have begun rolling in. (The Wall Street Journal)
Meanwhile, in earnings news, Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), The Boeing Company (NYSE:BA), PepsiCo, Inc. (NYSE:PEP), and Delta Air Lines, Inc. (NYSE:DAL) all reported. (MarketWatch; Bloomberg; Associated Press, via CNBC; USA Today)
Finally, Verizon Communications Inc. (NYSE:VZ) wants to pay you. Specifically, the company will compensate you for signing into your Verizon Wireless "Smart Rewards" account, and allowing VZ to track your location as a means of gathering marketing data. Verizon insists the data will be "anonymized before it's shared with third parties." (CNNMoney)