Dish profit top estimates, Valeant pops on deal, Apple's big investment in Europe
Here are some of the stocks the Yahoo Finance team will be following for you today.
Dish Network (DISH) shares are higher in early trading. The satellite TV company reporting earnings per share that blew past estimates, but revenue fell shy of forecasts as it lost more subscribers in its pay-TV business. The company also announcing Chief Executive Joe Clayton will retire at the end of next month and will be succeeded by Chairman and founder Charlie Ergen.
Shares of Valeant Pharmaceuticals (VRX) are jumping ahead of the open. The Canadian-based drugmaker is buying Salix Pharmaceuticals for $10 billion in cash or $158 a share. The deal will help Valeant expand its drug pipeline for treatments of stomach disorders. But it will also double its debt load. The move comes after Valeant failed to acquire Botox maker Allergan (AGN) last year. Shares of Salix (SLXP) are lower after jumping 5% on Friday on talk of the potential deal.
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Apple (AAPL) remains in the spotlight...gaining ground in the pre-market after the stock hit several records last week. The tech giant is making its biggest investment ever in Europe. Apple will spend $1.9 billion to build two data centers...one in Ireland and the other in Denmark. The facilities will be powered by renewable energy and will run services for iTunes, Apps store and maps for users in Europe. The centers will be up and running in two years.
The Walt Disney Company (DIS) is raising ticket prices at its theme parks and for the first time ever, it will cost more than $100 to get into Disney World in Florida. The entrance fee there is jumping to $105. Disney shares lower ahead of the bell.