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U.S. stock futures were higher this morning despite pressure coming from a sharp premarket decline in Google-parent Alphabet (GOOGL) after worse than expected second-quarter performance in per-click and traffic acquisition costs. (CNBC)
Alphabet, late Monday, also reported a steep drop in second-quarter profit due to a $2.74 billion fine European antitrust regulators levied on Google. But overall, Alphabet's adjusted earnings and revenue beat expectations. (CNBC)
Michael Kors (KORS) this morning agreed to buy for nearly $1.2 billion upscale shoe maker Jimmy Choo, whose shares in London trading were soaring about 17 percent. Current CEO Pierre Denis will continue to run Jimmy Choo after the sale closes. (CNBC)
An activist investor acquired a stake in Barnes & Noble (BKS) and is calling on the retailer to consider selling itself in order to unlock more value in the brick-and-mortar book business. Barnes & Noble shares were surging about 14 percent in the premarket. (CNBC)
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Sen. John McCain, who was recently diagnosed with an aggressive brain tumor, returns to Washington today to give Republicans a crucial vote in support of a motion to proceed with debate on the GOP's health care legislation. (CNBC)
China's privately held HNA Group awaits approval from U.S. regulators to complete its purchase of SkyBridge Capital, a New York investment fund founded by Anthony Scaramucci who recently became Trump's communications director. (CNBC)
Eli Lilly (LLY) reported adjusted quarterly profit of $1.11 per share, 6 cents above estimates. Revenue was above forecast as well. The drugmaker raised its adjusted full-year forecast as well as its bottom line is boosted by the success of newer products.
PulteGroup (PHM) came in 6 cents above estimates with adjusted quarterly profit of 47 cents per share, though revenue was very slightly below forecasts. The third largest U.S. homebuilder sold more houses at higher prices and saw a 12.3 percent jump in new orders.
Centene (CNC) beat estimates by 27 cents with adjusted quarterly profit of $1.59 per share, with revenue also coming in above forecasts. The health insurer's bottom line was boosted by growth in its Obamacare business as well as increased enrollment in its Medicaid plans.
Goldman Sachs (GS) is pulling back from its market making activities in exchange-traded funds, according to the Wall Street Journal, which said the firm has slashed the number of funds it supports as a lead market maker.
Citigroup (C) will hold its first investor conference since the financial crisis today. About 250 analysts and investors will attend the meeting in New York, and the gathering will also be available online.
Toyota (TM) is developing an electric car that charges faster and drives further than current models, according to a Tokyo newspaper, with the company aiming to start selling the new vehicle in 2022.
Wal-Mart (WMT) has expanded its partnership with China-based e-commerce firm JD.com (JD). The two companies will expand integration of their platforms, supply chains, and customer resources in China.
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