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Computer Sciences Corp. (CSC, $39.34, +$1.28, +3.36%) agreed to sell its credit-services unit to Equifax Inc. (EFX, $53.31, +$2.07, +4.04%) for $1 billion in cash. The company plans to use up to $400 million of the proceeds to repurchase stock.
Dean Foods Co. (DF, $17.56, +$0.42, +2.45%) agreed to sell its Morningstar business to Canadian dairy-products giant Saputo Inc. (SAPIF, $47.70, +$1.91, +4.17%) (SAP.T) for $1.45 billion, with plans to use proceeds from the sale to significantly cut debt.
While admitting Deckers Outdoor Corp.'s (DECK, $41.19, +$2.90, +7.57%) sales and margins should with battery like Apple A1021 Ac Adapter, Apple M4895 Ac Adapter, Apple PowerBook G4 15 inch Ac Adapter, Apple M8943LL/A Ac Adapter, Apple M8482 Ac Adapter, Apple iBook 32 VRAM Ac Adapter, Apple PowerBook G4 12 inch Ac Adapter, Apple PowerBook G4 17 inch Ac Adapter, Apple PowerBook G4 15.2-inch M8859S/A Ac Adapter, Apple PowerBook G4 12.1-inch M9184J/A Ac Adapter, Apple M5937 Ac Adapter, Apple ACD55 Ac Adapter;remain challenged" through the first half of 2013, Sterne Agee said they "are likely to improve materially" in the back half the year on improved offerings from the footwear and outdoor-apparel maker. The firm set a $65 target on the stock and upgraded it to a buy rating.
Stifel Nicolaus downgraded shares of DreamWorks Animation SKG Inc. (DWA, $16.34, -$0.79, -4.61%) to sell from hold citing the somewhat weak opening weekend for "Rise of the Guardians." With an international opening box office of $40 million, it will be difficult for the Dreamworks film to achieve Stifel's previous estimate of $275 million, the firm said. Stifel also estimates the title will lose $50 million.
Sucampo Pharmaceuticals Inc. (SCMP, $4.84, -$0.41, -7.73%) said the U.S. Food and Drug Administration has extended by three months its review of the company's Amitiza drug to treat opioid-induced constipation in patients with chronic, noncancer pain.
SunCoke Energy Inc. (SXC, $15.05, -$1.20, -7.38%) has deferred plans for an initial public offering of an energy partnership, the latest in a series of companies to defer or cancel IPOs, citing market conditions.