Stock Futures Mixed After Trade Data; Apple Rises
U.S. electronics retailer RadioShack ( RSH ) announced that Walgreen ( WAG ) executive Joseph Magnacca has been appointed CEO of the company. Magnacca served as president of Duane Reade from July 2010 to April 2011. Shares were gaining more than 5%.
AOL(AOL) said that its fourth-quarter revenue grew year over year, making for the first quarterly increase in eight years as global advertising revenue rose. Shares were popping more than 6.5%.
Activision Blizzard (ATVI) , the maker of video game "Call of Duty," posted fourth-quarter earnings that topped analysts' estimates as revenue jumped 26% to $1.77 billion. Shares were jumping more than 8.5%.
Activision said Thursday it expects first-quarter adjusted earnings of 10 cents a share on revenue of $690 million. Analysts expect earnings of 9 cents a share on revenue of $693.5 million.
Moody's(MCO) posted fourth-quarter earnings that beat expectations by a penny, and better-than-expected revenue. Its full-year outlook also topped estimates, as the rating agency benefited from an increase in global corporate bond issuances.
-- Written by Andrea Tse in New York.
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