General Electric may be shedding more assets. GE says it is considering selling its asset management arm. Published reports say the probable buyer will be an established, but not yet unnamed, asset manager. This as the conglomerate looks to focus more on its industrial products. Shares of the Blue Chip stock rose slightly to $24.68.
3M is also exploring a spinoff of its health care data and software business. This as the Dow component is exploring its portfolio, expanding some businesses while shedding others. Shares were off just slightly to $140.78.
Lululemon posting earnings and revenue that topped estimates. The athletic apparel retailer also saw same-store sales rise. But the company announced a full-year earnings forecast that was slightly below estimates. Shares tumbled more than 16 percent to $53.54.
Duke Energy agreed to pay nearly $1 million and do environmental work to settle a case over coal-fired plants. The move settles a 15-year-old case against the company for allegedly violating the federal clean air act. Shares fell slightly to $67.74.
And late earnings from restoration hardware were better than expected. But the high-end furniture retailer’s outlook for the current quarter disappointed. Shares were off slightly in initial after-hours trading before popping. During the regular session the stock fell 1.5 percent to $91.06.
Positive news for Puma Biotech. Its breast cancer treatment was positively reviewed in a publication. Shares soared in initial after hours trading. The stock was up three percent during the regular session to $96.69.