Among the companies whose shares are expected to see active trade in Tuesday’s session are Twitter Inc., Newell Rubbermaid Inc., and Best Buy Co.
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Late Monday, The Wall Street Journal reported Twitter was contacted by the Securities and Exchange Commission earlier this year regarding how the microblogging company tracks user engagement. Twitter informed the SEC at the time that it has begun to disclose measures to determine how often users react to an ad and how much advertisers pay for those actions.
Newell Rubbermaid NWL, plans to offer 3,300 former employees a lump-sum payment of their pension benefits by the end of the year in an effort to reduce the company’s pension-related obligations. The move may result in a noncash charge of about $35 million in the fourth quarter.
On the earnings front, Best Buy Co. BBY, -3.02% is slated to report quarterly results. Analysts surveyed by FactSet project the electronics retailer to post second-quarter earnings of 34 cents a share, down from 44 cents a share during the same period last year.
Source: Market Watch