NEW YORK -- Alcoa (AA), the aluminum giant, is expected by analysts on Monday to post first-quarter earnings of 8 cents a share on revenue of $5.88 billion.
Alcoa reported adjusted earnings of 10 cents a share on revenue of $6.01 billion in the year-earlier quarter.
Alcoa, which traditionally kicks off earnings season, will issue results after the market closes.
General Electric (GE) is close to a deal to buy Lufkin Industries (LUFK), The Wall Street Journal reported, citing people familiar with the matter. Lufkin is an oil and gas equipment company. It was unclear at what stage the talks were in as were the terms under discussion, the newspaper said. Lufkin has a market capitalization of almost $2.2 billion. 5 Toxic Stocks You Should Sell in April
UPS (UPS) appealed the European Union regulator's January decision to block its roughly $6.7 billion bid for TNT Express, the Dutch delivery company. However, UPS said it wasn't renewing its interest in TNT Express; it was seeking a "more accurate assessment of the EU competitive landscape and that there's no precedent that could limit international growth opportunity," a spokeswoman for UPS told Bloomberg. 5 Stocks Rising on Unusual Volume
A. Schulman (SHLM), the specialty chemicals maker, is expected by Wall Street on Monday to report fiscal second-quarter earnings of 40 cents a share on revenue of $526.4 million.
-- Written by Joseph Woelfel
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