Zynga Loses An Executive and Hulu Eyes Potential Buyers: Morning Buzzers
U.S. stock futures edged up on Tuesday morning despite ongoing concerns about the stability of the euro currency bloc.
Futures at 8:50 a.m.: DJIA: +0.16%, S&P 500: +0.19%, NASDAQ: +0.22%.
Here’s what’s buzzing on Tuesday morning:
Netflix (NASDAQ:NFLX) climbed as much as 1 percent in pre-market trading as news circulated that Hulu – owned by the likes of Disney (NYSE:DIS) and News Corp (NASDAQ:NWS)(NASDAQ:NWSA) — has approached potential buyers. Sources tell Reuters that the board is in the process of a strategic internal review, and that no formal offers have been made yet.
Nokia (NYSE:NOK) edged up about half a percent in pre-market trading. The movement could be a continued positive reaction to news that Pendrell Corp. (NYSE:PCO) bought 125 patents and patent applications from the phone maker for an undisclosed sum…
Raytheon (NYSE:RTN) announced that it will be “consolidating its business to streamline operations, increase productivity and achieve stronger alignment with its customers’ priorities.” The reorganization is expected to save the company about $85 million per year and eliminate 200 jobs.
Dell (NASDAQ:DELL) continues to grab headlines as Blackstone (NYSE:BX) and Carl Icahn complicate Michael Dell’s bid to take the company private. Both have reportedly put attractive offers on the table, and could even join forces as they seek to extract as much value out of the company as possible.
BlackBerry (NASDAQ:BBRY) climbed as much as 3.5 percent in pre-market trading. Shares seem to be on the mend after fairly steep declines on Friday.
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