Citi (NYSE:C) reported an online security breach to have occurred last month, affecting about 1% of their cardholders. Hackers would have had access to customer data like names, account numbers, and e-mail addresses. However, investors don’t seem worried by the news, as Citi shares are up 0.38% in pre-market trading.
Texas Instruments (NYSE:TXN) shares are up 0.18% this morning in pre-market trading after seeing shares of its stock take a hit in after hours yesterday. The slide was precipitated by news from company insiders that say the chip maker will expect narrower margins and lower earnings in the second quarter. Competitors to Watch: Intel Corporation (NASDAQ:INTC), National Semiconductor Corporation (NYSE:NSM), Analog Devices, Inc. (NYSE:ADI), QUALCOMM Incorporated (NASDAQ:QCOM), Broadcom Corporation (NASDAQ:BRCM), Marvell Technology Group Ltd. (NASDAQ:MRVL), Intersil Corporation (NASDAQ:ISIL), Maxim Integrated Products Inc. (NASDAQ:MXIM), STMicroelectronics NV (NYSE:STM).
Visa (NYSE:V) has announced a deal to acquire Fundamo, a provider of mobile financial services based in South Africa, in a $110 million cash offer. Visa says the deal will be “slightly dilutive” to the company’s earnings for the fiscal year ending September 30. Visa shares are up 0.38% in pre-market.
Titan Machinery (NASDAQ:TITN) posted first quarter earnings well above expectations, with an EPS of 40 cents versus 22 cents and revenue of $318 million versus $257.5 million. The firm also raised its full-year EPS to $1.53-1.63, up from $1.50-1.60. Titan shares are up 6.65% in pre-market trading today.
After UBS (NYSE:UBS) upgraded Elan Corp. (NYSE:ELN) from “Neutral” to “Buy” this morning, as well as added it to their “Top 20 Key Calls List”, shares in Elan Corp. have shot up 4.97% in pre-market trading. The firm’s price target has moved from 6.30 euros to 8.70 euros.
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