General Electric Co. (NYSE: GE)'s arm GE Capital may be able to get some help from the Treasury. The Wall Street Journal reported its sources say the Treasury has been considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers. Apparently, initial signs show the program has been a success, and therefore might be expanded. CIT Group Inc. (NYSE: CIT) was cited as another candidate for help. GE shares are up 2.6% in premarket trading,
MasterCard Inc. (NYSE: MA) shares soared over 8% in after-hours trade Monday after the credit card processor has posted better-than-expected profit (after charges) boosted by revenue growth. It has also adjusted profit better than forecast. MasterCard, however, took a charge of $515 million for settling a lawsuit with Discover Financial Services (NYSE: DFS), making its net loss $194 million.
Viacom Inc. (NYSE: VIA) earnings, however, dropped 37% year over year, but adjusted earnings were inline with expectations.
Archer Daniels Midland Co. (NYSE: ADM) shares are shooting up 9% in premarket trade after it has reported its fiscal first quarter results that beat expectations by more than a large margin. While analysts expected earnings of 69 cents per share for the quarter, the food processor and ethanol producer reported earnings $1.63 per share. Net sales rose 65%. ADM said it has benefited from an accounting change and higher selling prices.
Dean Foods Co. (NYSE: DF) was forecast to post earnings of 31 cents a share in the third quarter, but only managed to post 28 cents per share excluding charges. It did keep full year guidance the same.
Marvell Technology Group Ltd. (NASDAQ: MRVL) lowered its fiscal 2009 third-quarter revenue to below previous forecasts.
Google Inc. (NASDAQ: GOOG) and Yahoo Inc. (NASDAQ: YHOO) have revised their search advertising deal after the earlier one couldn't get past federal regulators, the WSJ reported according to their sources. The new deal has been shortened to two years from 10 and Yahoo would be limited to getting no more than 25 percent of its search advertising revenue from Google.
Apple Inc. (NASDAQ: AAPL) -- the WSJ reports that Apple is losing one of its key technology executives, Tony Fadell, who was instrumental in the development of the iPod. Only last week Apple snatched Mark Papermaster, a former IBM (NYSE: IBM) executive to replace Fadell.