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Before the bell 2-06-07: Tyco, Ford, Wal-Mart, Kodak

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Tyco International Ltd. (NYSE:TYC) -- Tyco, which is being split into three companies, reported better-than-expected quarterly results. Net income rose 43 percent to $793 million, or 39 cents per share, compared with $556 million, or 27 cents. Revenue rose 8 percent to $10.3 billion. Profit from continuing operations was 45 cents, 1 cent better than Wall Street expectations, according to Reuters. Revenue was seen at $10.27 billion, the wire service said.

Ford Motor Co. (NYSE:F) -- Ford is bringing back the Taurus brand, according to Dow Jones Newswires. The struggling automaker will announce Wednesday at the Chicago auto show that its Ford Five Hundred mid-size sedan will be renamed after the once best-selling model, the wire service said. Chief Executive Alan Mulally has been a fan of the Taurus brand and there's been speculation in the press about its return, Dow Jones said. In other news, U.S. investors Nelson Peltz is reportedly the front runner to buy Ford's Aston Martin unit.

Wal-Mart Stores Inc. (NYSE:WMT) -- Wal-Mart became the latest company to offer downloads of movies and television shows. New movies will be available on the day of the DVD release for $12.88 to $19.88 with catalog titles starting at $7.50. TV shows will be $1.96 per episode. Kevin Swint, Wal-Mart's merchandise manager for digital media, called the new service "an unprecedented offering of video content, features and capabilities currently unmatched in the market." It has the support of major Hollywood studios.

Eastman Kodak Co. (NYSE:EK) -- Eastman Kodak Co. (NYSE:EK) is taking on Hewlett-Packard Co. (Nasdaq:HPQ) in the printer market. The film company today introduced a line of desktop printers and low-cost replacements inks.

Symbol Lookup
IndexesChangePrice
DJIA+15.7210,449.43
NASDAQ+4.022,173.20
S&P 500+2.501,108.15

Last updated: November 25, 2009: 01:02 PM

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