Some of the names on the move ahead of the open.
div > div.group > p:first-child"> Anadarko Petroleum — Occidental Petroleum is offering $76 per share for Anadarko, topping the deal that Chevron has in place to buy Anadarko. Occidental CEO Vicki Hollub told CNBC that Occidental is the best acquirer for Anadarko given its experience in shale and in the Permian Basin.
Stanley Black & Decker — The tool maker earned an adjusted $1.42 per share for the first quarter, beating the consensus estimate of $1.42 a share. Revenue also beat forecasts and the company raised its full-year adjusted profit forecast to $8.50 to $8.70 per share, compared to an $8.52 consensus estimate.
Kraft Heinz — Kraft Heinz is weighing the sale of its Ore-Ida frozen potato brand, maker of Tater Tots, according to people familiar with the situation who spoke to CNBC. Kraft Heinz has hired Evercore Partners to assist in the possible sale. Texas Instruments — Texas Instruments reported quarterly profit of $1.26 per share, 13 cents a share above estimates. The chipmaker's revenue also came in above Wall Street forecasts, however the company warned that a slowdown in microchip demand may last for a few more quarters.
SAP — SAP posted on operating loss for its latest quarter, largely from a restructuring charge. The German business software provider did set a goal of expanding operating margins by five percentage points by 2023. PG&E — PG&E received court approval to pay workers up to $350 million in bonuses as incentives to help the California utility meet its safety goals. Separately, Berkshire Hathaway is not buying PG&E, Warren Buffett told CNBC's Becky Quick. This knocks down a report earlier Wednesday that had caused shares of the troubled utility to surge.
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