On the corporate front, shares of
were gaining more than 4% in after-hours action after the restaurant operator, whose brands include Pizza Hut, Taco Bell and KFC, topped Wall Street's profit view for its third-quarter results and lifted its full-year outlook to at least adjusted earnings of $3.24 a share.
Composite and building materials systems company
( OC )
cut its 2012 earnings forecast amid weakness in its roofing and composites businesses. Shares dropped 8.3%.
plunged more than 20% after the heart valve maker, provided a weak outlook for the third quarter, citing the impact of austerity measures in Europe and other factors.
Power and hand tools supplier
Stanley Black & Decker
reached an agreement to sell its hardware and home-improvement unit to
( SPB )
for $1.4 billion in cash. Stanley Black & Decker shares fell 2.7%; Spectrum Brands shares surged 11.9%.
posted a fiscal first-quarter loss on Monday of 2 cents a share; analysts had expected the medical instruments maker to report earnings of 9 cents a share. AngioDynamics also announced plans to buy Vortex Medical for $15 million. The stock lost 11%.
fell 2% after the insurance company agreed to buy Chilean pension company
for $1.5 billion.
Homeopathic and health products company
( PRPH )
received a sweetened acquisition proposal of $1.60 a share in cash from
. The new bid is 14% above a previous offer of $1.40 that was turned down by ProPhase, whose shares surged 12.6%.
has agreed to acquire the deposits, mortgages and business assets of
ING Direct UK. ING ADRs slipped 2.6% and Barclays ADRs were down 1.2%.
--Written by Andrea Tse and Joe Deaux in New York.
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