Barclays PLC Fitch Ratings revised its outlook on the AA long-term issuer default rating to negative from stable.
MidAmerican Energy Holdings Co., a subsidiary Berkshire Hathaway, reached a tentative deal to buy Constellation Energy for approximately $4.7B.
CKE Restaurants, Inc. (Delaware Holding Co.) The restaurant
group announced second-quarter profit rose to $12.3M, or 23 cents a
share, from $9.4M, or 15 cents a share, in the year-ago period, beating
analysts expectations. Revenue fell to $352.5M from $363.1M.
Fedex Corp The shipping giant’'s fiscal first-quarter net
income fell 22% amid weak domestic volumes as the company forecast
earnings for the current quarter above analysts' estimates and said it
will increase shipping rates 6.9% beginning in January.
Google Inc The search giant’s new mobile device, to be introduced Sept. 23, will cost $199, The Wall Street Journal reported.
Kraft Foods Inc The food conglomerate replaces AIG in the Dow Jones industrial average effective Monday.
Morgan Stanley reportedly has held preliminary takeover talks with Wachovia.