Earnings on Deck, Murdoch's Mega-Deal & Jim Cramer's High-Flying Pick

Earnings are on the way from companies including McKesson and Rackspace, and Rupert Murdoch's 21st Century Fox is reportedly in talks to offload European assets to BSkyB in a deal worth up to $14 billion.
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There's an aerospace company on the verge of landing a big contract--and, potentially, in line to make a multi-billion dollar acquisition that would be a big top line boost. That's just Jim Cramer's pick of the day. Earnings are on the way from companies including McKesson and Rackspace, and Rupert Murdoch's 21st Century Fox is reportedly in talks to offload European assets to BSkyB in a deal worth up to $14 billion.