Consumer shares are mixed in pre-bell trading. J.C. Penney (
) and Bill Ackman, the company's largest investor, agreed that
Ackman may make up to four requests to sell some of his stake.
The rights granted to Ackman under the Aug. 13 agreement end
when he and his funds own less than 5% of the retailer's stock,
according to a regulatory filing. Ackman, who agreed this week to
leave the company's board, holds an almost 18% stake in the
And Fox (
) is gearing up to launch a sports channel tomorrow. The new
channel is called Speed. FOX is steady at $31.84. Meanwhile, the
dispute between Time Warner Cable (
) and CBS (
) over retransmission fees has shown no sign of being resolved,
although most analysts believe the two companies will reach a
middle ground before football season begins.
Finally, Green Mountain Coffee Roasters (
) will become a component of the NASDAQ-100 Index (NDX), the
NASDAQ-100 Equal Weighted Index (NDXE) and the NASDAQ-100 Ex-Tech
Sector Index (NDXX) prior to market open on Thursday, August 22,
2013. Green Mountain Coffee Roasters, Inc. will replace Life
Technologies Corporation (LIFE).
Green Mountain Coffee Roasters, Inc. is headquartered in
Waterbury, Vermont, and has a market capitalization of
approximately $11.7 billion. GMCR is up 2.3% at $75.62 pre-market;
LIFE is steady at $74.55.
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