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Headlines Before the Bell


TODAY'S ECONOMIC CALENDAR

10:00  Factory Orders -- consensus up 0.5%

11:00  Global Manufacturing PMI

1:50  PM Fed's George: Monetary Policy


COMPANY NEWS

 Pilgrim's Pride (PPC) confirmed revised proposal to acquire Hillshire (HSH) at $55 per share

Hillshire Brands (HSH) board authorized discussions with Pilgrim's Pride (PPC), Tyson Foods (TSN), says does not have right to terminate Pinnacle Foods (PF) merger on the basis of either of these proposals

IBM (IBM) disclosed conclusion of SEC investigation regarding cloud revenue, says SEC does not intend to recommend any enforcement action against company

Lockheed Martin (LMT) was awarded a $914.7M Space Fence contract by U.S. Air Force

NPS Pharmaceuticals (NPSP) disclosed in a filing that it has not had any communication with Shire (SHPG) concerning a purported acquisition offer

Advanced Energy (AEIS) CEO to Step Down

AstraZeneca’s (AZN) Cancer Therapy Shows No Adverse Effects in Trials

AstraZeneca (AZN) Says FDA Granted AZD0914 Fast-Track Status

Auxilium (AUXL) Reports Departure of CFO James Fickenscher

AcelRx Pharmaceuticals (ACRX) Commercial Chief David Chung Leaves

Cubist (CBST) Says Fresenius Kabi Submits Anda to FDA for Generic Cubicin

Comscore (SCOR), Plaintiffs Reach Tentative Settlement

Celanese (CE) Boosts Vinyl Acetate-Based Emulsions Price in Americas

Doral (DRL) May Take Impairment Charge

Endocyte (ECYT) to Terminate Chief Commercial Officer Position

Fortune Brands (FBHS) Reports $250m Share Buyback Authorization

InterDigital (IDCC), Samsung in Patent Pact; Litigation Resolved

IBM (IBM) Says SEC Div of Enforcement Recommends No Enforcement Action

LinkedIn (LNKD) Says China Imposed Requirements on Censorship

Medtronic (MDT) Sued by Humana (HUM) for Fraud Over Bone-Graft Product

Microsoft (MSFT) Says Tencent Shut Some of Its Robot Chatting Accounts

Novartis’s (NVS) Zykadia Has Longer PFS in Updated Lung Data

Nautilus (NLS) Says It Wins Supreme Court Ruling

Newmont Indonesia Unit Halts Copper Concentrate Production

Parexel (PRXL) to Buy Back Shares Up to $150m

Raytheon (RTN) Awarded $298m U.S. Air Force Contract

Roche Says Avastin with Tarceva Study Meets Primary Endpoint

Stericycle (SRCL) Names Daniel Ginnetti CFO

Statoil (STO) Says Resumed Normal Oil Production at Snorre B on May 30

SunEdison (SUNE), Huantai Expand China Partnership; See 1.7 GW Projects

Time Inc. (TIME) to Replace Bob Evans (BOBE) in S&P MidCap 400; BOBE moves to S&P SmallCap 600, replacing Blyth (BTH)

Vaccibody, Phibro Animal Health (PAHC) in Development, License Pact

World Fuel Services (INT) Renews Buyback for Up to $65m


OTHER BUSINESS HEADLINES

Analysis says 74 deaths like those GM (GM) linked to switches: Reuters

Goldman (GS) planning to increase the size of its commercial bank and wealth management division: FT

Barclays (BCS) said to begin reducing 100 jobs in Asia-Pacific: Bloomberg

Humana (HUM) claims Medtronic (MDT) conspired with physicians: WSJ

France to stand by BNP (BNPQY) against possible U.S. fine: Reuters

Marathon Oil (MRO) could jump 20% after unloading Norway assets: Barron's

Bharti Airtel May Get $3b From Africa Tower Sale; Shortlisted buyers are Helios Towers, IHS Holding, American Tower (AMT) and Eaton Towers: Economic Times

BHP (BHP) Plans Job Cuts at Iron Ore Division: WA Business News

China to Allow Private Investment in Telecom Tower Co.: China Enterprise News

Celanese (CE) Said to Hire Former Blackstone (BX) Adviser as Chief of M&A: Bloomberg

Exxon (XOM) May Invest in New Cracker in Rotterdam Harbor: Het Financieele Dagblad

GW Pharma (GWPH), New York State Plan Trials for Cannabidiol: WSJ

GM (GM) Faulty Switches May be Connected to 74 Deaths: Reuters

KKR (KKR) Said to Purchase Internet Brands for $1.1B: NYT

London Mining Evacuates Sierra Leone Staff on Ebola: BBC

Platinum Cos. Said to Consider Bigger Rise For Low-Paid Workers: Bloomberg

Pegatron to Start iPhone 6 Mass Production in July: Commercial Times

Sanofi’s (SNY) Viehbacher Has Relocated to Boston: Le Monde

Travelport Said Planning to File for IPO as Soon as This Week: Bloomberg

Ticketmaster (LYV) to Settle Lawsuit for $400m in Credit: WSJ

Ukraine May Confiscate Russian Assets After Crimea: Kommersant

FDA Says Wockhardt Used Unapproved Methods at U.S. Plant: CNBC