Tribune spikes on Gannett buyout offer

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Tribune Publishing (TPUB) shares surged in early trading. Gannett (GCI) offered to buy the owner of the Los Angeles Times and The Chicago Tribune for about $815 million dollars in cash and debt. That translates to  $12.25 a share. In a statement, the publisher of USA Today said it is seeking to expand the company's network to include more local markets and new platforms through the transaction. The deal represents a 63% premium based on Tribune's closing share price on Friday. 

Halliburton (HAL) is delaying its full earnings release until the first week of May. The move comes as the company waits for the Baker Hughes (BHI) deal to close at the end of the month. However, Halliburton did report it was taking a $2.1 billion charge for the first quarter after cutting more than 6,000 jobs and taking a write-off.

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Xerox (XRX) shares were sharply lower in early trading. The business services provider and copier company delivered earnings per share that came in a penny shy of estimates, while revenue topped expectations and sales fell more than 4% from a year ago due to a stronger dollar and weak demand for printers and copiers. Xerox plans to split into two separate companies by the end of the year.

Marriott International (MAR) shares are on investors' radar. Barron's reported over the weekend that shares of the hotel operator can rise 30% over the next 18 months with profit and revenue growth both heading in the right direction—thanks to the strong management team and the ample cost saving from the Starwood deal.