Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Things are spicing up in the world of M&A. McCormick (MKC) is buying Reckitt Benckiser’s (RB.L) food business, which includes brands such as French’s Mustard and Frank’s RedHot Sauce for $4.2 billion. This comes amid a wave of consolidation in the food industry.
And there’s a potential mega deal in the cable-TV space. Shares of Scripps Network (SNI) and Discovery Communications (DISCA) soared this morning following reports that the two have rekindled merger talks. Both companies have strong footholds in travel and food media with brands including the Food Network and Discovery Channel.
Shares of United Continental (UAL) fell in early trading after the airline carrier gave a disappointing outlook for the current quarter. However, the company’s earnings and revenue for the second quarter did come in better than expected.
And we’re also keeping an eye on Qualcomm (QCOM) after four Apple (AAPL) manufacturers sided with the tech giant in its legal battle against the iPhone chipmaker. In court filings, the companies say Qualcomm is asking for exorbitant licensing fees that are more than what it would normally receive. If the accusers are successful, it would cost Qualcomm billions. Qualcomm is scheduled to report earnings after the close on Wednesday.