News Summary

Shares of Tyson Foods Inc

gained about 3.5% after the company swung to FQ4 profit. The company posted its net income at $0.57 per share, compared with a loss of $1.23 per share, in the year-ago period. Excluding special items, Tyson posted its earnings at $0.64 per share. The company's sales came in at $7.44 billion, up from $7.24 billion, in the year-ago quarter. However, analysts were expecting earnings at $0.56 per share on sales of $7.75 billion. Shares of Novell Inc

rose about 6.8% after the company agreed to be purchased by Attachmate Corp for about $2.2 billion or $6.10 per share in an all cash transaction, representing a 9% premium to the closing price of NOVL on Friday. Novell has also announced its plans to sell certain intellectual property assets to CPTN Holdings LLC for $450 million in cash. Crude oil futures dropped, as Ireland formally applied for financial aid from the European Union (

) and International Monetary Fund (

) for resolving its banking and budget crisis. Crude oil for January delivery lost 0.1% to $81.82 per barrel. Read more