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Corporate Summary

•    Shares of The Shaw Group Inc. (NYSE:SHAW) surged 55.4% following an announcement on Monday that it was being purchased by Netherland based rival Chicago Bridge & Iron Company N.V. (NYSE:CBI) for $3.04 billion in cash and stock

•    Franklin Resources, Inc. (NYSE:BEN) posted third quarter earnings per share of $2.12, surpassing the Zacks Consensus Estimate of $2.04

•    Shares of Loews Corporation (NYSE:L) lost 5.2% after reporting second quarter earnings per share of $0.47, missing the Zacks Consensus Estimate of $0.71

•    Diebold Incorporated (NYSE:DBD) plunged 9.1% after reporting second quarter earnings per share of $0.49, falling shy of the Zacks Consensus Estimate of $0.59 by 10 cents
 

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