News Summary

Shares of Xilinx Inc (NASDAQ: XLNX) lost about 0.2% after the company reported that its Board of Directors lifted the quarterly cash dividend by $0.03 to $0.19 per share. "The increase in our quarterly dividend reflects our strong and consistent operating cash flow as well as our commitment to returning shareholder value," said Chief Executive Moshe Gavrielov. The company also reiterated its sales forecast for the March quarter. The company projects its sales to be flat to up 5% sequentially.

Shares of Family Dollar Stores Inc (NYSE: FDO) gained about 0.3% after the company reported a 5.1% rise in its Q2 sales at stores open at least one year. However, the company's net sales increased 8.3% to $2.26 billion. FDO projects Q2 earnings in the range of $0.97 to $0.98 per share, versus analysts' estimates of $0.95 per share.

Shares of Lubrizol Corporation (NYSE: LZ) surged about 27% after Berkshire Hathaway Inc (NYSE: BRK-A) announced its plans to acquire 100% of outstanding shares of LZ for $9.7 billion or $135 per share in cash, representing a 28% premium over LZ's closing price on Friday. The transaction is unanimously approved by the board of directors of each company.

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