Liquefied natural gas company Golar LNG was popping 3.9% to $22.15 after Bloomberg reported that billionaire John Fredriksen plans to expand within the liquefied natural gas market through Golar and his other company Golar LNG Energy.InterContinental Hotels was falling 3.6% to $19.78 in premarket trading after it announced that Andrew Cosslett will step down as CEO on June 30, to be succeeded by board member Richard Solomons.
Online film subscription service company Netflix was rising 2.2% to $221.79 as it enters exclusive talks to buy U.S. rights to a new political series starring Kevin Spacey, with an offer than can reach as much as $100 million.
Oil and natural gas equipment company Weatherford International was down 1.5% to $20.15 as the company lowered its first-quarter earnings outlook to 18 cents a share, below expectations, from the previously expected 27 cents a share as its operations continue to be disrupted by major political instability and uprisings in Tunisia, Egypt and Libya, as well as Yemen and Bahrain and bad weather, especially in Australia.
In addition, the company's principal accounting officer, Charles Geer, is stepping down as law firm Izard Nobel announces a class action lawsuit against Weatherford alleging the violation of federal securities laws by officers and directors of the company.
Toyota rose 0.9% to $$ $82.15 in premarket trading as the automaker halted overtime shifts in North America as it faces potential shortages of parts from Japan, acording to reports.
Nvidia rose 0.5% to $17.75 as Chief Financial Officer David White resigned Tuesday after a little more than two years with the Santa Clara, Calif.-based graphics chip maker.
Anaheim, Calif.-based specialty retailer Pacific Sunwear of California reported a slightly wider-than-expected quarterly loss and gave a disappointing outlook.
Guess? is expected to report fourth-quarter earnings of $1.06 a share after the markets close Wednesday.
Patterson Cos. said its directors have approved an increase in the company's quarterly cash dividend by 20% to 12 cents a share from 10 cents a share. The directors of the distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets also approved a new repurchase plan of 25 million shares.
Morton's Restaurant Group announced Wednesday that it's exploring a possible sale of the company.
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