Stocks in the news: Texas Instruments, Magna, Monsanto, Procter & Gamble

Some of the companies making headlines today:

Texas Instruments (TXN) raised its outlook for the third quarter, saying late Wednesday it now expects higher sales and profit as it sees a gradual recovery in the global semiconductor industry. Shares gained nearly 1 percent ahead of the bell.

Monsanto (MON) said Thursday it plans to make deeper work force cuts than previously announced, saying it will reduce its staff by about 8 percent to cut costs. It also reaffirmed its results for the fiscal year just ended to be at the low end of its previous forecast. Shares fell over 6 percent in pre-market trade.