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Before the bell: GM, CAG, NKE, BUD, RHT, YHOO, AAPL ...

Posted Jun 26th 2008 8:20AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, Major Movement, Earnings Reports, Analyst Reports, Analyst Upgrades and Downgrades, Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), General Motors (GM), Anheuser-Busch InBev (BUD), ConAgra Foods (CAG), NIKE, Inc'B' (NKE), Red Hat Inc (RHT), Palm Inc (PALM)

Before the bell: Futures lower on financials, tech concerns

Reporting today:
Palm Inc. (NASDAQ: PALM) is expected to post a loss of 22 cents a share in the fourth quarter.
ConAgra Foods (NYSE: CAG) is expected to post earnings of 34 cents a share in the fourth-quarter .

Nike Inc. (NYSE: NKE) reported late Wednesday a rise in quarterly profit of 12% to $437.9 million, or 86 cents a share, helped by gains in Europe and Asia. Sales jumped 16% to $5.1 billion. The earnings beat Wall Street's forecast. Shares are down 4.8% in premarket trading.

Anheuser-Busch Cos. (NYSE: BUD) will likely officially reject InBev NV's $46.3 billion takeover bid this week and announce plans to lower $1 billion in costs, pay a special dividend and sell off divisions like its theme-park unit to increase its stock price. InBev may then raise its offer.

Continue reading Before the bell: GM, CAG, NKE, BUD, RHT, YHOO, AAPL ...