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Buzz Stocks: BP plc (ADR), Allergan, Inc., JetBlue Airways Corporation, and Toyota Motor Corp (ADR)

Today's stocks to watch in the news include BP, AGN, JBLU, and TM

by 4/23/2014 8:57 AM
Stocks quoted in this article:

The stock market is little changed ahead of the open, despite earnings reports from a pair of Dow components and several other large-cap firms. In company news, here are some stocks to watch today:

  • BP plc (ADR) (NYSE:BP) has sold its interests in four Alaskan oilfields to privately held energy concern Hilcorp. The transaction includes BP's entire stake in the Endicott and Northstar fields, as well as a 50% interest in both the Liberty and Milne Point fields, which cumulatively account for about 15% of BP's net output on the North Slope, at 19,700 barrels per day. (Reuters)

  • In the face of a hostile takeover attempt from Valeant Pharmaceuticals Intl Inc (NYSE:VRX) and Pershing Square Capital Management LP, Allergan, Inc. (NYSE:AGN) has adopted a poison pill. Specifically, the Botox maker announced last night that if any unauthorized investor accumulates more than 10% of AGN's outstanding shares, existing stockholders will be granted the right to purchase additional shares at a discount. (MarketWatch)

  • A decision by JetBlue Airways Corporation (NASDAQ:JBLU) pilots to join the Air Line Pilots Association (ALPA) has ended the carrier's reign as the largest nonunion U.S. airline. According to ALPA, more than 70% of the pilots who participated cast their votes in favor of union representation, after similar efforts failed in 2009 and 2011. (Bloomberg Businessweek)

  • For the third straight quarter, Toyota Motor Corp (ADR) (NYSE:TM) outsold its automaker peers, with sales rising 6% year-over-year to nearly 2.6 million units from January through March. Running neck-and-neck in second place were General Motors Company (NYSE:GM) and Volkswagen, with sales of roughly 2.4 million units each. (Bloomberg Businessweek)

  • Also, The Boeing Company (NYSE:BA), The Procter & Gamble Company (NYSE:PG), Delta Air Lines, Inc. (NYSE:DAL), and Yum! Brands, Inc. (NYSE:YUM) reported quarterly earnings. (CNBC; USA Today; MarketWatch)

  • Finally, Meb Keflezighi, winner of the 2014 Boston Marathon, claims his age cost him a shoe deal with Nike Inc (NYSE:NKE) three years ago. "I'm almost 39 years old and Nike thought I was probably too old," said Keflezighi, who is currently sponsored by Skechers USA Inc (NYSE:SKX). (CNBC)

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