) posted $0.26 vs. $0.53 Q4 EPS from operations as its acquisition of MediaOne and the impact of Excite@Home offset a 3% revenue rise. AT&T sees $0.04-$0.07 Q1 EPS from operations and $0.17-$0.20 Q1 cash EPS.
According to a Wall Street Journal report, Daimler Chrysler (DCX
) is expected to announce 26,000 job cuts, effectively shutting at least three factories at its loss-making Chrysler unit.
) agreed to acquire Agile Software (AGIL
) in a stock-for-stock deal valued at about $2.6 billion. The terms are 1.35 Ariba shares per Agile share.
Cisco Systems (CSCO
) reportedly says January looks more challenging than a few weeks ago, but says its longer-term outlook has improved.
Morgan Stanley Dean Witter upgraded its investment rating on shares of Edison International (EIX
) and Pacific Gas & Electric Co. (PCG
) to outperform from neutral.
Newport News (NSS
) says it has been awarded a $3.8 billion contract by the U.S. Navy for the design and construction of a tenth Nimitz-class aircraft carrier, CVN 77.
According to a Wall Street Journal report, The New York Times (NYT
) is seeking to sell its magazine publishing unit and has approached Conde Nast (X.ADP
) and a unit of AOL Time Warner (AOL
Campbell Soup (CPB
) will buy soup and sauce businesses in Europe from Unilever (UL
) for about $950 million.
Dallas Semiconductor (DS
) agreed to be acquired by Maxim Integrated Products (MXIM
) in a $2.5 billion deal. The terms are 0.6163 Maxim shares per Dallas Semiconductor share.
Bear Stearns upgraded JC Penney (JCP
) to attractive from neutral.
CS First Boston upgraded Harrah's Entertainment (HET
) to strong buy from buy, and upgraded Argosy Gaming (AGY
) to buy from hold.
Advanced Micro Devices (AMD
) set a $300 million stock buyback.