Stocks to Watch: Pfizer, Wal-Mart, Netflix
NEW YORK -- Nestle will acquire Pfizer's (PFE) infant nutrition business for $11.85 billion.
The deal was announced Monday.
Pfizer, the drugmaker, had put the unit up for sale in July. The company has been selling non-core operations as it focus on new drug development.
Wal-Mart Stores (WMT) failed to notify law enforcement officials after its own investigators found evidence that millions of dollars in bribes had been paid in Mexico to build stores across the country, according to a report from The New York Times.
Late Sunday, the head of a watchdog group said Mexico should investigate the allegations of a vast bribery campaign by top executives of Wal-Mart's Mexican unit, The Associated Press reported.
Wal-Mart had no comment on any of the allegations, said a lawyer for Wal-Mart de Mexico.
ConocoPhillips(COP) , the oil giant, is expected by analysts Monday post a quarterly profit of $2.08 a share on revenue of $53.6 billion.
Netflix(NFLX) will post its quarterly results after the markets close Monday and analysts expect the video-subscription service to post a loss of 27 cents a share.
First-quarter revenue is seen at $866 million.
Brinker(EAT) will earn 56 cents a share in the fourth quarter, according to analysts.
Revenue at Brinker, the owner of Chili's and Maggiano's Little Italy, is expected to come in at $752.2 million.