(SBUX) - Get Report

plans to sell a single-cup coffee machine that will go on sale this fall online, at high-end specialty stores and at some Starbucks cafes.

Starbucks' Verismo is a blow to

Green Mountain Coffee Roasters


, the maker of the Keurig single-serve machines. Starbucks started selling K-cup packs for the Keurig machines last November.

"This is not about any disappointment with Green Mountain; it's about controlling our own destiny." Starbucks CEO Howard Schultz said. "They can and they will co-exist."

Shares of Starbucks were up 3% to $51.86 before the bell.

Green Mountain shares fell 14.3% to $53.50.

Texas Instruments

(TXN) - Get Report

slashed its first-quarter guidance, saying it still sees a reduction in demand for its wireless products.

The Dallas-based chipmaker lowered its first-quarter earnings outlook to 15 cents to 19 cents a share on revenue of between $2.99 billion to $3.11 billion. It had previously expected earnings of 16 cents to 24 cents a share on revenue of $3.02 billion to $3.28 billion.

Analysts polled by Thomson Reuters forecast Texas Instruments to report first-quarter earnings of 31 cents a share on revenue of $3.16 billion.

Shares of Texas Instruments were down 1.1% to $32.25.

United Parcel Service

(UPS) - Get Report

is close to an agreement to buy

TNT Express


, Europe's second largest package delivery company, according to several news sources.

UPS's initial $6.5 billion offer was rejected until it upped its bid to €9 a share last month. According to


, which cited an anonymous source, an announcement may come next week.

The deal would give UPS a leg against its competitor


. UPS currently has a 7.7% share of the European market while FedEx has 3.3%. TNT and

Deutsche Post

have the most market share, with 9.6% and 17.6%, respectively.

Boston Scientific

(BSX) - Get Report

will buy privately held

Cameron Health

in a deal worth $150 million. Boston Scientific will potentially pay an additional $150 million after the U.S. Food & Drug Administration approves Cameron's S-ICD wireless system, a subcutaneous implantable defibrillator.

As part of the deal, the buyer will pay $1.05 billion in revenue-based milestone payments over a six-year period.

Shares of Boston Scientific were up 0.3% to $5.95 before the bell.



agreed to buy Canada's Neo Material Technologies for $1.3 billion. As owner of the largest rare-earth deposit outside of China, Molycorp seeks to increase sales in China. Its offer for represents a 40% from Neo's closing price on Thursday

Molycorp's stock has fallen in the past 10 months as prices for rare earth materials have declined. China is expected to target the same export quotas in 2012 after only 60% of the quotas from 2011 were used.

Molycorp stock was up 3.7% to $26.95 in Friday's premarket session.


(ALTR) - Get Report

, the programmable chipmaker, said first-quarter revenue would be down 7% to 9% sequentially, implying revenue of about $421 million.

Analysts polled By Thomson Reuters forecast revenue of $427 million.

The company previously said first-quarter revenue would fall 5% to 9% from the fourth quarter.

Altera cited soft demand in its wireless and military businesses for the revenue shortfall.

Shares were up 0.2% to $37.50.

More than 200,000 financially strapped households will have a chance to reduce their mortgage balances under a side deal negotiated by

Bank of America

(BAC) - Get Report

that could allow the bank to avoid as much as $850 million in penalties,

The Wall Street Journal


Under the arrangement -- part of the $25 billion settlement of alleged foreclosure abuses between government officials and five large lenders -- Bank of America will make deeper and broader cuts in balances than other banks, according to the newspaper.


(CCL) - Get Report

, the cruise-ship company, is expected by analysts Friday to post a first-quarter loss of 7 cents a share on revenue of $3.57 billion.

-- Written by Chao Deng and Joseph Woelfel.

>To contact the writer of this article, click here:

Joseph Woelfel

Related links:

Cramer: This Surreal Market

3 Reasons to Get Your iPad 3 at Wal-Mart