News Summary (MA, ARTG, ORCL, K)

Shares of MasterCard Inc MA rose about 2.5% after the company reported upbeat Q3 earnings. The company's profit came in at $3.94 per share on net revenue of $1.4 billion. However, analysts were expecting profit of $3.53 per share on $1.4 billion in revenue. Shares of Art Technology Group Inc ARTG jumped about 46% after Oracle Corp ORCL agreed to acquire ARTG for $1 billion, or $6 per share in cash, representing a 46% premium over its closing price on Monday. Shares of Kellogg Co K lost about 1.3% after the company reported in-line Q3 earnings. The company's net income dropped 6% y/y to $338 million, or $0.90 per share on $3.2 billion in revenue. However, analysts were expecting earnings at $0.90 per share, on $3.18 billion in revenue. Kellogg said, "We are disappointed with our third quarter performance which was due to softness in our businesses as well as a tough operating and deflationary environment driven by intense competition." Read more from Benzinga's Markets.
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