Stock to watch Wednesday: Dell, eBay, Yahoo


SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are Dell Inc., eBay Inc., and Yahoo Inc.

After Tuesday’s closing bell, Dell
DELL,
+0.61%
said it plans to buy back more than $2 billion in stock during the current fiscal year on top of the $1.6 billion it has repurchased so far. The computer company is scheduled to host an analyst meeting on Wednesday.

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EBay
EBAY,
+1.06%
  has eliminated a supermajority voting requirement in the company’s bylaws, allowing shareholders to approve future amendments to the bylaws with a simple majority of eBay’s outstanding shares.

Yahoo
YHOO
 is spinning off a company focused on the open-source Hadoop software that the Internet firm and other cloud-computing firms use to process large amounts of data. Yahoo said that it is forming Hortonworks in tandem with Benchmark Capital to further develop Apache Hadoop.

General Mills
GIS,
+0.69%
 hiked its quarterly dividend to 30.5 cents a share. The dividend will be paid Aug. 1 to shareholders of record on July 11.

Sealy Corp.
ZZ
 reported a fiscal second-quarter loss of $377,000 versus a profit of $849,000 a year ago. Revenue rose 10.6% to $321 million.

On Wednesday, General Mills
GIS,
+0.69%
 is projected to report that it earned 52 cents a share in the fourth quarter, according to a consensus survey by FactSet Research.

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Monsanto Co.
MON,
-0.41%
 is forecast to report earnings of $1.10 a share in the third quarter.

Family Dollar Stores Inc.
FDO,
+2.67%
 is likely to post third-quarter earnings of 95 cents a share.


View more information: https://www.marketwatch.com/story/stock-to-watch-wednesday-dell-ebay-yahoo-2011-06-28?siteid=rss&rss=1

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