LargeCap Stocks to Watch Today

Tomahawk, WI 11/4/2011 (StreetBeat) – LinkedIn posted its first quarterly loss since its May initial public offering despite revenue more than doubling during the time period.

The business social network also said it will raise up to $500 million in another stock sale.

Shares were falling 10.3% to $78.50.

Starbucks beat Wall Street profit expectations for its fiscal fourth-quarter by a penny on better-than-expected revenue. But the coffee chain gave a fiscal 2012 outlook below analysts' expectations as it expects rising commodity costs.

The stock was rising 3.9% to $43 in premarket trading.

Alcatel-Lucent, the technology company, posted improved third-quarter profit but cut its profit and sales forecasts for 2011 on uncertainty in Europe.

The stock was falling 13.4% in premarket trading to $2.39.

AIG posted its biggest quarterly loss since 2009, hurt by declining markets and an impairment charge on its plane-leasing subsidiary.

AIG also announced a plan to buyback $1 billion worth of common shares.

AIG shares were off 3.4% to $23.80.

CBS said third-quarter earnings topped analysts' expectations, but revenue, despite rising 2% to $3.37 billion, came in below forecasts.

CBS said sales benefited from new online streaming partnerships.

The stock was down less than 1% to $24.38 in premarket trading.

Google said it is altering its search algorithm to include more time sensitive, relevant content. The change, which comes as Google's usefulness as a real-time search site is challenged by Facebook and Twitter, will affect about 35% of all searches.

Google previously incorporated real-time search into its results through a partnership with Twitter, but this feature was disabled in July when the two failed to renew their contract.

The stock was down 49 cents to $597.01.

Bank of New York Mellon is negotiating with federal prosecutors to resolve a civil suit over currency trades that could pave the way to settlements of $2 billion in lawsuits, according to a report in The Wall Street Journal.

Earnings reports are expected from Berkshire Hathaway and KKR.

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