HEADLINE STOCKS-Some U.S. stocks to watch on July 1

NEW YORK, July 1 (Reuters) - Some U.S. stocks to watch on July 1:

GENERAL MILLS INC (GIS.N)

The food company reported fourth-quarter earnings that rose from the prior year. It also gave a full-year earnings outlook. [ID:nBNG512328]

Shares were up 2.2 percent in premarket trading. They closed Tuesday at $56.02.

CONSTELLATION BRANDS INC (STZ.N)

The company reported first-quarter earnings that beat expectations as it sold off some brands and cut costs and affirmed its full-year outlook. [ID:nN01336350]

Shares rose 3.7 percent at $13.15 in premarket trading.

COMBINATORX INC (CRXX.O)

The company signed a merger agreement with Neuromed and expects to issue about 36 million new shares of its common stock to Neuromed stockholders. [ID:nWNAB3609]

Shares rose by nearly 20 percent to 96 cents in premarket trading.

BANK OF AMERICA CORP (BAC.N)

The bank's primary investment management unit is drawing lower than expected bids after its likeliest suitor, according to a report in the Financial Times. The bank is hoping to get at least $3 billion from a sale of the unit. So far, bids so far have come in closer to $2 billion, the paper wrote, citing people close to the matter. [ID:nBNG122613]

Shares of the Dow component were flat at $13.20 in premarket trading.

AMERICAN EXPRESS CO (AXP.N)

Two U.S. regulators have fined American Express and ordered it to reimburse credit card customers for failing to honor "convenience checks." AmEx consented to the penalties without admitting or denying wrongdoing. [ID:nN30470845]

Shares of American Express, a Dow component, rose 1.5 percent at $23.59 in premarket trade.