Ann Inc. (ANN) : The women’s clothing retailer is poised to rise to the mid-$30s in the next 12 to 18 months if its Ann Taylor revenue recovers and margins improve, Barron’s reported, citing Marshall Kaplan of Morgan Stanley Smith Barney.
CBS Corp. (CBS) : Profit for the owner of the most- watched broadcast network will climb by $180 million this year, helped by political advertising, Chief Executive Officer Les Moonves said at a conference.
Glencore International Plc (GLCNF) (GLCNF US): The largest publicly traded commodities trader made a 3.5 billion-pound ($5.49 billion) bid for Viterra Inc. (VT) , Canada’s largest grain handler, The Sunday Telegraph reported, without saying where it got the information.
Google Inc. (GOOG) rose 0.3 percent to $602. The Web search engine owner increased its share of the U.S. market to 66.4 percent in February, according to comScore.
Harman International Industries Inc. (HAR) : The maker of audio equipment for cars and homes is poised to rise 20 percent as more drivers equip their vehicles with satellite navigation displays and voice-controllable communication devices, Barron’s reported.
McDonald’s Corp. (MCD) : Shares of the world’s largest restaurant chain may be overpriced, Barron’s reported in its “The Trader” column.
Michael Kors Holdings Ltd. (KORS) (KORS US): The luxury-goods maker and retailer named for the designer who founded it filed for a secondary offering of 25 million shares.
New Frontier Media Inc. (NOOF) : The Boulder, Colorado- based adult entertainment company confirmed it received an unsolicited buyout offer from Longkloof Ltd. at $1.35 a share. New Frontier rose 17 percent to $1.32 on March 9 after Longkloof said it made the offer.
Oracle Corp. (ORCL) fell 1.7 percent to $29.63. The world’s second-largest software maker was cut to hold from buy at Jefferies Group Inc., citing “greater challenges” to its engineered systems strategy.
PepsiCo Inc. (PEP) (PEP US) increased 0.7 percent to $63.60. The world’s largest snack-food maker said that former executive Brian Cornell rejoined the company as chief executive officer of the Americas foods division. Current Americas foods CEO John Compton was promoted to president of the company.
If you enjoy the content at iBankCoin, please follow us on Twitter
