Noble Energy & Rosetta Resources
Noble Energy will acquire Rosetta Resources, marking the first big deal among U.S. shale producers following the steep drop in crude prices. The deal gives noble access to two massive Texas shale formations. Shares of Noble Energy were down more than six percent to $46.07. Rosetta surged 27 percent to $24.58.
Alibaba & Zulily
Shares of Zulily spiking today on news that Alibaba bought a more than nine percent stake in the company, according to a recent filing. The investment adds up to more than $50 million in the online children’s retailer. Alibaba was off a fraction to $86.72. Zulily popped five percent to $13.98.
Lower milk costs helped Dean Foods deliver better-than-expected earnings. Revenue did come in lighter than expected, but investors overlooked that. The stock was up 6.5 percent to $17.33.
Mcdonald’s is supersizing its turnaround plan. We told you last week a few of the changes the Dow component will make, but today there’s more. According to Dow Jones, the chain plans to shake off years of sliding sales by adding mid-price sandwiches, expanding all-day breakfast, simplifying its drive-thru menu boards and selling summer lemonade. Shares fell a fraction to $97.51.