Filed under: Before the bell, Earnings reports, Deals, Microsoft (MSFT), General Motors (GM), Gap Inc (GPS), Limited Brands (LTD), salesforce.com inc (CRM)
General Motors (NYSE: GM) reached an agreement with workers at its Kansas City, Kan., assembly plant Tuesday that could help it end a string of labor problems. The deal could end the strike of 2,500 workers at the factory, which makes the hot-selling Chevrolet Malibu as well as the Saturn Aura, since Might 5.
Barnes & Nobel (NYSE: BKS) is exploring a possible bid for rival Borders (NYSE: BGP), according to a report in the Wall Street Journal.
Reporting today: Limited Brands Inc. (NYSE: LTD) which is forecast to post earnings of 8 cents a share in the first quarter and Salesforce.com Inc. (NYSE: CRM), which is forecast to post earnings of 7 cents a share in the first quarter among other companies.
This plan may have been in place long before Yahoo (NASDAQ: YHOO) has rejected Microsoft (NASDAQ: MSFT), but it seems that after that failed too, the software giant is set to announce a new program Wednesday, the Live Search Cashback where it will return money to on the internet users who find and buy selected products through its Live Search engine. Only a portion of the buy price, of course, between 2-30%. Silicon Alley Insider say it’s a great idea that won’t work.
Gap Inc. (NYSE: GPS) will introduce its Gap and Banana Republic brands in Russia through a partnership with Fiba Holding AS.
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