Stocks to Watch: Saks, Lowe's, Sony
NEW YORK -- Saks
The New York Post reported that likely bidders for the retailer include private-equity firms KKR and Leonard Green & Partners.
Earlier Tuesday, Saks posted a 38% decline in first-quarter earnings but its adjusted results topped expectations.
Home-improvement rival Home Depot
Loeb said money from the sale could be used to shore up Sony's ailing device manufacturing unit.
Sony initially responded by saying its entertainment business wasn't for sale, though some analysts said the strategy might help Sony unlock hidden value.
NetApp also said it would begin paying a quarterly dividend of 15 cents a share, and it boosted its stock buyback plan to $3 billion.
The company posted fiscal fourth-quarter adjusted earnings of 69 cents a share, topping estimates by a penny.
-- Written by Joseph Woelfel
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