March 25, 2014 / 11:34 AM / in 4 years

MARKET PULSE-Sonic, Commscope, Google, Walt Disney, General Motors

(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, Dow Jones industrial average futures were up 0.14 percent at 16,224, S&P 500 futures were up 0.26 percent at 1,854.2 and Nasdaq 100 futures were up 0.17 percent at 3,617.

** SONIC CORP, Monday close $20.92, +7.13 pct after market

The drive-in restaurant operator, on Monday, reported a better-than-expected second-quarter profit, helped by a 1.4 percent rise in its same-store sales.

At least four brokerages increased their price targets on the restaurant chain’s stock.

** COMMSCOPE HOLDING COMPANY INC, Monday close $24.43, -1.96 pct after market

The telecommunications equipment maker said it had begun a secondary offering to sell 17.5 million shares by an affiliate of the Carlyle Group LP.

CommScope said it would not receive any proceeds from the offering.

** GOOGLE INC, Monday close $1,157.93, +0.35 pct premarket

Luxottica, the maker of Ray-Ban sunglasses, has struck a deal to design, develop and distribute glasses based on Google’s Internet-connected Glass eyewear, potentially bringing the new technology to a wider market.

** THE WALT DISNEY CO, Monday close $79.49

** GOOGLE INC, Monday close $1,157.93, +0.35 pct premarket

The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, in a deal that will make Disney a major online video distributor and should help draw more teens into the Disney entertainment empire.

** ARLINGTON ASSET INVESTMENT CORP, Monday close $28.38, -3.63 pct premarket

The asset manager said it had commenced an offering of 2.8 million shares of class A common stock. The company plans to use the proceeds for the acquisition of assets, including residential mortgage-backed securities, and for general working capital purposes.


The renewable energy provider said it would acquire the wind energy assets of Ireland-based Bord Gáis Energy for about 700 million euros ($964.8 million), in a move that will allow Brookfield to enter the European markets.

** GENERAL MOTORS CO, Monday close $35.14

Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for consumers affected by the company’s faulty ignition switches linked to 12 deaths.

** HALCON RESOURCES CORP, Monday close $3.83

More work needs to be done to develop Halcón Resources Corp’s oil and natural gas assets before the company can be sold, Chief Executive Floyd Wilson said on Monday.

** NETFLIX INC, Monday close $378.9, -0.83 pct premarket

** APPLE INC, Monday close $539.19, +0.27 pct premarket

Netflix shares slumped more than 7 percent on Monday after a report about a new television streaming product that Comcast and Apple are working on together. (Reporting By Shuhankar Chakravorty in Bangalore; Editing by Simon Jennings)

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