NEW YORK (TheStreet) -- Tyson Foods (TSN) reported second-quarter profit of 42 cents a share, a penny shy of expecations. Revenue rose 16% to $8 billion from $6.92 billion a year ago, beating expectations. Shares of Tyson were up 0.2% to $18.93 in premarket trading Monday.
Car rental company Hertz (HTZ) was rising 1.7% to $17.13 after offering a new proposal to buy Dollar Thrifty (DTG) for about $2.1 billion. Shares of Dollar Thrifty were surging 8.7% to $75.75 in premarket trading Monday.
Drug company Alkermes (ALKS) reached a deal to acquire Elan Drug Technologies from Elan (ELN), the Irish drugmaker, for $960 million in cash and stock. Elan shares were rising 3.4% to $8.14.
Shares of HSBC (HBC) were falling 1.1% to $52.47 as it and Barclays (BCS) got ready to reserve more than $2 billion combined for customers for wrongfully sold insurance -- forfeiting in a legal battle on the matter. Separately, HSBC said first-quarter earnings rose 58% to $4.15 billion from $2.63 billion a year earlier as loan impairment charges fell and taxes decreased.
Warren Buffett's Berkshire Hathaway (BRK.B) reported sharply lower first-quarter earnings from a year earlier, as its catastrophe insurance underwriting business suffered big losses early in 2011 because of the earthquake and tsunami in Japan.
Consumer giant Unilever (UL) has received approval from the U.S. Department of Justice to complete its proposed acquisition of Alberto Culver (ACV). >>Search for Highest Dividends by Rate or Yield
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