Automaker General Motors ( GM) is expected Thursday to report first-quarter earnings of 85 cents a share on sales of $37.88 billion, according to analysts. Dow component Kraft Foods ( KFT) is scheduled to report its first-quarter results after Thursday's closing bell. Analysts are calling for earnings of 56 cents a share on revenue of $13.05 billion.
Kensey Nash ( KNSY), a U.S. medical-devices company, agreed to be acquired by Dutch high-performance materials maker Royal DSM for $38.50 a share. The cash bid, which has been approved by the Kensey Nash board, is a 33% premium to Kensey Nash's closing price of $29.01 on Wednesday.
Carlyle Group's planned initial public offering was priced at $22 per unit, below its expected price range of $23 to $25. The private-equity firm can potentially raise more than $700 million in the IPO. The lower price came after some mutual-fund investors pushed for a better deal, The Wall Street Journal reported, citing people familiar with the matter.
"The Scream," Edvard Munch's masterpiece and one of the world's most recognizable works of art, sold for $120 million at Sotheby's on Wednesday, making it the most expensive artwork ever sold at auction. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.