Stocks to Watch, Dec. 12: Viacom Inc., General Motors Corp.
SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Viacom Inc., General Motors Corp., and Cooper Cos. Inc.
On the earnings front, CKE Restaurants Inc. (CKR) is expected to report third-quarter earnings of 21 cents a share, according to analysts polled by Thomson First Call.
Cooper Cos. Inc. (COO) is seen posting fiscal a fourth-quarter profit of 85 cents a share.
Jacuzzi Brands Inc.'s (JJZ) fiscal fourth-quarter results are expected to show a per-share profit of 12 cents, according to two analysts.
Separately, after Friday's closing bell, General Motors Corp. (GM) and Tracinda Corp. said that no deal has been struck to give an associate of financier Kirk Kerkorian's a seat on the automaker's board of directors.
A British fuel depot owned by Total SA (TOT) and Chevron Corp. (CVX) exploded north of London on Sunday, injuring 39 people. Officials reportedly said the explosion, believed to be an accident, won't cause a fuel shortage.
Viacom Inc.'s (VIA) (VIAB) Paramount Pictures reportedly has reached an agreement to acquire DreamWorks SKG (DWA) in a deal valued at as much as $1.6 billion, people close to the situation told the Wall Street Journal Friday.
Steve Miller, chief executive at bankrupt auto parts maker Delphi Corp. (DPHIQ) , will present the United Auto Workers union with a new contract proposal, according to a report in the Wall Street Journal. Miller's comments came a day after the UAW again warned it would strike if the stiff pay-cut plan wasn't withdrawn.
BellSouth Corp. (BLS) and 8x8 Inc. (EGHT) said they have signed a private label agreement for 8x8 to provide technology, integration and operational services for BellSouth's digital phone service. Financial terms were not disclosed. The agreement calls for the development of BellSouth's digital phone service based on 8x8's internally developed technology, including a suite of voice over Internet protocol service components.
Search giant Google Inc. (GOOG) will join the Nasdaq 100 Index when the closely followed technology benchmark is rebalanced this month, the Nasdaq Stock Market (NDAQ) said.
Steel Technologies Inc. (STTX) reported adjusted fourth-quarter net earnings of $771,000, or 6 cents a share, vs. $13 million, or $1.18 million, during the same period a year ago. The company had previously reported earnings of 12 cents a share for the quarter. Steel Tech filed its annual report on Form 10-K for fiscal 2005, which reflects a non-cash adjustment from its Nov. 1 preliminary release to increase deferred tax liabilities as of Sept. 30.