Stock futures mixed; Microsoft, Yahoo remain in focus - MarketWatch
Google (GOOG:
GOOG) also traded shots with Microsoft over the weekend, with Google's chief legal officer David Drummond saying in a blog post that the deal could undermine the open competition on the Internet. See full story.
The Wall Street Journal also reported that Google's CEO Eric Schmidt has offered his company's help in any effort to fight off the unsolicited offer.
In earnings news, health-benefits group Humana Inc. (HUM:
HUM) said fourth-quarter net profit rose 57% to $243.2 million, or $1.43 a share, topping market expectations due to a lower tax rate and gains on the sale of a venture capital investment. The firm also raised its 2008 earnings outlook.
Archer Daniels Midland Co.'s (ADM:
ADM) fiscal second-quarter income rose 7% to $473 million, or 73 cents a share, as a result of heightened product demand and geographic crop imbalances.
Among other companies due to report earnings Monday, Yum Brands (YUM:
) is expected to post earnings of 42 cents a share for the fourth quarter.
Asia markets rallied Monday, led by shares in Shanghai after the Chinese market regulator approved the launch of two new stock funds. See Asia Markets.
European stocks moved higher, with the French CAC 40 index adding 0.4% in midday trading. See Europe Markets
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