Information provided by Theflyonthewall.com BAE Systems
) and EADS
) announced that they have decided to terminate their merger discussions. The companies said, "Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger.”
) reaffirmed both Q2 and FY13 EPS estimates, sending the stock higher by about 5%.
) lowered its FY12 revenue and EBIT guidance and announced a workforce reduction of 1,000 to 1,500 employees by year-end.
… Among the notable market gainers Wednesday were True Religion
), up more than 21% after announcing that its board has formed a special committee to explore a potential sale of the company, and Yum Brands
), up over 8% after beating Q3 EPS estimates and raising its FY12 adjusted EPS view.
Among the noteworthy losers were Helen of Troy
), down over 9% after missing Q2 estimates and cutting FY13 EPS guidance, and Chevron
), down about 4% after noting that its Q3 EPS will be “substantially lower” than Q2 in its interim update.