Take a look at some of Thursday's morning movers:
News Corp. - The company’s board has officially approved a split of the company in two , separating out the film and TV businesses. Shareholders will get one share in the new, second company for each share they hold in the current News Corp.
Family Dollar – The low-price retailer reported quarterly profit of $1.06 per share for its latest quarter, one cent below estimates. The company says its new initiatives to broaden product offerings had little impact in the quarter, but should start to do so in the current quarter.
JPMorgan Chase - The New York Times says the losses from the bank’s derivatives trades may reach as high as $9 billion , compared to initial estimates of about $2 billion.
Big Banks - Separately, Citi analysts have cut second quarter earnings estimates and price targets for JPMorgan Chase, as well as Bank of America, Goldman Sachs, and Morgan Stanley.
RadioShack - Chief merchandise officer Scott Young has resigned from the electronics retailer, according to a U.S. Securities and Exchange Commission filing. Young took that job in April 2010.Page 1 of 3 | Next Page