Bank of America: Premarket Trading
(Premarket story updated with Bank of America news and share price information.)
NEW YORK (TheStreet) -- Bank of America (BAC) has joined several other financial institutions in refusing to handle payments for WikiLeaks, the latest blow to the secret-releasing organization's efforts to continue operating under pressure from governments and the corporate world.
Bank of America shares were down 0.24% in premarket trading to $12.60.
Novartis (NVS) plans to build a new drug manufacturing plant in St. Petersburg, Russia, as part of a five-year plan to invest $500 million in the country.
Shares of the Swiss pharmaceutical company rose 0.12% to $58.81 in premarket trading.
Jabil Circuit (JBL) is set to release its fourth-quarter earnings report Monday after the markets close. Analysts expect the electronics company to report earnings of 54 cents a share, up from 32 cents a share a year earlier. Jabil Circuit closed at $17.47 on Friday.
Darden Restaurants (DRI) is expected to report its fourth quarter earnings Monday. Analysts are expecting earnings of 54 cents a share, up from 43 cents a share in the same quarter a year earlier. Shares closed at $49.89 on Friday and were up 0.62% to $50.20 in premarket trading Monday.
Google (GOOG) has asked TV makers to delay their debut of sets featuring new software so it can make refinements, the New York Times reports, citing people familiar with the search giant's plans. Shares of the company were up 0.46%, or $2.70, to $593.50 in premarket trading Monday.
EBay (EBAY) announced on Monday it has agreed to acquire brands4friends, a Germany online shopping club, for $200 million in cash. Shares of eBay rose 0.27%, or 8 cents, to $29.90 in premarket trading.
Adobe (ADBE) is is scheduled to release its fourth-quarter earnings after the market closes Monday. Analysts expect earnings to come in at 52 cents a share, up from 39 cents a share in the same period a year earlier. Shares of Adobe were down 0.35% to $28.69.
Raytheon (RTN) signed an agreement to buy Applied Signal Technology (APSG) for $38 a share, or about $490 million. Applied Signal shares closed Friday at $35.02, making the deal's price almost a 9% premium. Shares were up $2.83, or 8.08%, to $37.85 in premarket trading Monday. Raytheon closed Friday at $45.17.
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>To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: tips@thestreet.com.
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