Stocks in the News: State Street, Take-Two, Boeing, Citigroup

State Street Corp. (STT) announced Tuesday that it will buy the securities services business of Italian banking group Intesa Sanpaolo for about $1.87 billion in cash to broaden its overseas presence.Take-Two Interactive Software (TTWO) said late Monday it will sell its Jack of All Games distribution business to Synnex Corp for $43.3 million, and lowered its guidance for fiscal 2010 as a result. ERTS shares dropped 4.7% in premarket trading. Shares of Electronic Arts (ERTS) also fell on Take-Two's lowered outlook.

Citigroup (C) -- The FBI is investigating a hacker attack on Citi that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. There might be a connection to a Russian cyber gang. Two other computer systems, at least one of them connected to a U.S. government agency, were also attacked.

Boeing Co. (BA) said Tuesday it has bought Alenia North America's stake in Global Aeronautica LLC, bringing more of the 787 Dreamliner's operations under its direct control.

Ford Motor Co (F) said on Monday it is offering its 41,000 U.S. factory workers buyouts and early retirement offers in a bid to reduce its payroll costs as it aims to return to profit by 2011.

Live Nation Inc (LYV) and Ticketmaster Inc's (TKTM) proposed merger was given a boost on Tuesday when British regulators reversed an earlier preliminary decision and approved the deal.

Jabil Circuit Inc. (JBL) posted earnings late Monday that topped analyst estimates. Shares jumped over 7% ahead of the bell.

Reporting results after the close are: Red Hat (RHT), Micron Technology (MU) and Cintas (CTAS).

AOL Inc. (AOL) was initiated equal weight with a $30 price target at Barclays Capital.

Apple (AAPL) TV is getting a boost as CBS Corp. (CBS) and Walt Disney Co. (DIS) are considering participating in the company's plan to offer television subscriptions over the Internet -- a potential new competitor to cable and satellite TV, according to the Wall Street Journal.
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