Green Mountain Coffee Roasters ( GMCR) traders are paying more for bearish options than they have since April 2009 after hedge fund manager David Einhorn raised red flags on the company's accounting practices, according to data compiled by Bloomberg. Green Mountain Coffee shares were falling 2.5% to $69.21.
Humana ( HUM), the health insurer, earned $2.54 a share on an adjusted basis in the third quarter, topping analysts' estimates, and it raised guidance for 2011. Analysts were expecting third-quarter profit of $2.03 a share. Humana said it expects earnings in 2011 of $8.35 to $8.40 a share, up from its previous estimate of $7.50 to $7.60 a share. Shares were rising 1.6% to $81.62.
Warner Music owner Len Blavatnik took back his offer for EMI's recorded music business after failing to agree on a price with owner Citigroup ( C), Bloomberg reported. Citigroup shares were sliding 1.5% to $33.65.
Anadarko Petroleum ( APC) is expected to report third-quarter earnings of 67 cents a share after the markets close, up from 21 cents a share the same time last year. Shares were behind by 0.8% to $83.06.
Atlas Pipeline Partners ( APL) is expected to post third-quarter profit of 37 cents a share after the markets close , compared with a loss of 37 cents a share the same time last year. Shares were down 0.8% to $34.50.
Insurance company Allstate ( ALL) is expected by analysts to report third-quarter profit of 8 cents a share after the markets close Monday, down from 83 cents a share a year ago. Shares were down 0.5% to $27.02.
Networking equipment maker Juniper Networks ( JNPR) was upgraded to outperform from sector perform at RBC Capital. Shares were up 0.3% to $24.89.
Insurance company Loews ( L) reported third-quarter earnings of 40 cents a share, missing the average analyst estimate of 66 cents, but rising from earnings of 9 cents a share the same time last year. Shares were flat at $41.28.
MF Global ( MF) was close to a deal to file for Chapter 11 bankruptcy protection as soon as Monday and sell assets to Interactive Brokers Group ( IBKR), The Wall Street Journal reported, citing a person familiar with the matter. -- Written by Andrea Tse in New York. >To contact the writer of this article, click here: Andrea Tse.