Company & Stock News

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October 12, 2018 Company and Stock News

  • Bloomberg News reported that Sears Holdings (SHLD) is holding discussions with its lenders to potentially file for a Chapter 11 restructuring of the company’s debt
  • Walmart (WMT) acquires Bare Necessities, a privately-held online retailer of lingerie, swimwear, and loungewear
  • Starbucks (SBUX) enters into accelerated $5 billion share repurchase program with two financial institutions as part of the company’s previously-announced plan to return $25 billion to shareholders in the form of share buybacks and dividends over the next two years

October 11, 2018 Company and Stock News

  • Walmart (WMT) forms strategic joint venture with Eko, a developer of interactive video technology, to develop original, interactive content that will enable Walmart to connect with customers in new and more meaningful ways
  • Compugen Ltd. (CGEN) and Bristol-Myers Squibb (BMY) enter into clinical trial collaboration to evaluate the safety and tolerability of Compugen’s anti-PVRIG antibody in combination with Bristol-Myers’s immune checkpoint inhibitor Opdivo in patients with advanced solid cancer tumors
  • MedMen Enterprises (MMNFF) signs binding letter of intent to acquire PharmaCann, a privately-held provider of cannabis, in an all-stock transaction valued at $682 million
  • RH (RH) announced that its Board of Directors authorized the company to repurchases up to $700 million of its common stock

October 10, 2018 Company and Stock News

  • DSW Inc. (DSW) enters into definitive agreement to acquire the global product, sourcing and design infrastructure operations of the Camuto Group, a privately-held designer of shoes known for its Vince Camuto, Jessica Simpson and Lucky branded shoes for approximately $200 million
  • The GlobeandMail.com reported that Altria Group (MO) is holding discussions with Canada-based cannabis producer Aphria Inc. (APHQF) to potentially acquire an equity interest in the company
  • Tilray (TLRY) announced that it closed an offering of 5.00% Convertible Senior Notes due 2023 for gross proceeds of $450 million in a private placement to qualified institutional buyers
  • Snap Inc. (SNAP) launches Snap Originals, its first formal slate of scripted shows and docuseries, which will be available to the company’s Snapchat users
  • TransDigm Group (TDG) and Esterline Technologies (ESL) enter into definitive agreement under which TransDigm will acquire Esterline for $122.50 per share in cash
  • Imperva (IMPV) enters into definitive agreement to be acquired by private equity firm Thoma Bravo LLC for $55.75 per share in cash
  • Ionis Pharmaceuticals (IONS) enters into collaboration agreement with Roche Holding AG to develop Ionis’s treatment of complement-mediated diseases
  • CVS Health (CVS) enters into agreement with the U.S. Department of Justice that allows the company to proceed with its proposed acquisition of Aetna Inc. (AET)

October 9, 2018 Company and Stock News

  • Microsoft (MSFT) forms strategic partnership with, Grab, the leading on-demand transportation, mobile payments and online-to-offline services platform in Southeast Asia, to capitalize on the delivery of digital and mobile services in the region
  • The Wall Street Journal reported that Trian Fund Management is considering making an offer to acquire Papa John’s International (PZZA)
  • American Airlines (AAL) estimates that its revenue per available seat miles rose by 2%-3% for the quarter ended September 30, 2018 instead of by the 1%-2% that it had estimated previously
  • Bloomberg News reported that Zynga (ZNGA) has received potential acquisition offers from other developers of mobile games
  • Trian Fund Management reported that it purchased 2.59 million shares of PPG Industries (PPG)
  • Cummins (CMI) announced that its Board of Directors authorized the company to repurchase up to $2 billion of its common stock upon the completion of its current share repurchase program

October 8, 2018 Company and Stock News

  • Apollo Global Management (APO) and General Electric (GE) enter into definitive agreement for Apollo’s private-equity funds to acquire $1 billion of General Electric’s investments in energy assets
  • Netflix (NFLX) chooses Albuquerque, New Mexico as the site of a new U.S. production hub
  • Ensco plc (ESV) and Rowan Companies plc (RDC) enter into merger agreement under which Rowan shareholders will receive 2.215 Ensco shares for each Rowan share; the companies stated that they expect the combined company to realize annual pre-tax expense synergies of approximately $150 million
  • Lannett Company (LCI) hires advisers to explore the company’s debt and capital structure options

October 5, 2018 Company and Stock News

  • Southwest Airlines (LUV) announced that its revenue passenger miles rose by 5.3% during September, as compared to the same month a year ago
  • Lannett Company (LCI) reported that it expects to record a goodwill impairment charge of approximately $339.6 million, which would result in a full impairment of the company’s goodwill

October 4, 2018 Company and Stock News

  • LendingTree (TREE) enters into definitive agreement to acquire QuoteWizard.com, LLC, a privately-held provider of online insurance quote comparison services, for $300 million in cash and up to an additional $70.2 million in contingent payments
  • Eli Lilly and Company (LLY) announced that it experienced positive results from a Phase 3 study of its treatment for diabetes
  • Arrowhead Pharmaceutics (ARWR) enters into a $3.7 billion research and licensing agreement with Belgium-based Janssen Pharmaceuticals Inc. to develop and commercialize its treatment for chronic hepatitis B

October 3, 2018 Company and Stock News

  • Barnes & Noble (BKS) announced that its Board of Directors entered into a formal review process to evaluate strategic alternatives in response to interests expressed from several persons to acquire the company
  • Cloudera (CLDR) and Hortonworks (HDP) enter into definitive merger agreement under which Hortonworks’ stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock
  • Canopy Growth Corporation (CGC) partners with the Ontario Long Term Care Association to conduct a six-month study for the potential development and implementation of medical cannabis for the treatment of pain and cognitive function in seniors
  • Ingersoll-Rand (IR) announced that its Board of Directors authorized the company to repurchase up to $1.5 billion of its ordinary shares upon the completion of the company’s current $1.5 billion repurchase program

October 2, 2018 Company and Stock News

  • Amazon.com (AMZN) says it’s increasing its minimum wage to $15
  • Ford Motor Company’s (F) U.S. auto sales decline by 11.2% during September
  • Walmart (WMT) says it plans to acquire ELOQUII, a privately-held retailer that specializes in plus-size women’s apparel
  • S&P Global Ratings reduces its credit rating on General Electric Company (GE) to BBB+, from A

October 1, 2018 Company and Stock News

  • General Electric (GE) replaces Chairman and CEO, John Flannery, with H. Lawrence Culp, Jr., and appoints Thomas W. Horton as the Lead Director of its Board of Directors; separately, the company stated that it expects to record a non-cash goodwill impairment charge of approximately $23 billion for the year ending December 31, 2018 due to a weakening in its GE Power business, and that its full-year 2018 earnings will fall short of its prior expectations as a result of that charge
  • SeaWorld Entertainment (SEAS) estimates that its revenues rose by approximately 9% the quarter ended September 30, 2018, as compared to the same period a year ago, as a result of a 10% increase in attendance at the company’s theme parks

September 28, 2018 Company and Stock News

  • Electrec reported that Tesla (TSLA) reached its goal to produce at least 50,000 of its Model 3 sedans for the quarter ending September 30, 2018
  • Eli Lilly (LLY) announced that the U.S. Food and Drug Administration approved the company’s Emgality treatment for the prevention of migraines in adults
  • Sanofi (SNY) and Regeneron Pharmaceuticals (REGN) announced that the U.S. Food and Drug Administration approved their Libtayo drug for the treatment of a common type of metastatic skin cancers that previously had no treatment

September 27, 2018 Company and Stock News

  • The U.S. Securities and Exchange Commission charges Tesla, Inc.’s (TSLA) Chairman and CEO, Elon Musk, with securities fraud for a series of false and misleading tweets about a potential transaction to take the company private; additionally, the SEC stated that it seeks to prohibit Musk from serving as an officer or director of a public company
  • Amazon (AMZN) announced that it’s opening an Amazon 4-Star store in New York City’s Soho neighborhood, where everything for sale will be rated four stars or higher
  • Keurig Dr. Pepper (KDP) enters into definitive agreement to acquire CORE Nutrition LLC, a privately-held producer of nutrient-enhanced bottled water, for approximately $525 million
  • CNBC reported that athenahealth (ATHN) has received multiple acquisition offers.
  • Volvo AB (VLVLY) announced that will introduce all-electric trucks in California during the coming year and commercialize them in North America during 2020
  • Lockheed Martin (LMT) announced that its board of directors authorized the company to repurchase $1 billion of its common stock in addition to $2.7 billion of repurchases that remain under a prior authorization

September 26, 2018 Company and Stock News

  • 21st Century Fox (FOXA) announced that it intends to either accept the recommended revised cash offer by Comcast Corporation (CMCSA) for the entire issued and to be issued share capital of Sky plc at a price of £17.28 ($20.18) for each Sky share or to sell its existing interest in Comcast for £14.8 ($15.3) per share
  • CNBC reported that Papa John’s International’s (PZZA) founder, John Schnatter, contacted several private-equity firms during recent weeks to discuss a bid to buy all outstanding shares of the company that he doesn’t already own

September 25, 2018 Company and Stock News

  • Michael Kors (KORS) enters into definitive agreement to acquire all of the outstanding shares of Italian luxury fashion company Gianni Versace S.p.A. for a total enterprise value of approximately $2.12 billion
  • Aleafia Health (ALEAF) enters into letter of intent to acquire a 51% interest in One Plant™, an adult-use cannabis retail operation led by members of the Serruya family, including Aaron Serruya, the president of International Franchise Inc., which has over 4,500 quick-service restaurant franchise locations in more than 50 countries
  • Fiserv (FISV) agrees to acquire the debit card processing, ATM Managed Services and MoneyPass surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (USB) for approximately $170 million
  • XO Group (XOXO) signs definitive agreement to become a privately-held company via a merger with WeddingWire, Inc., a privately-held online operator of online marketplaces for the wedding industry in 14 countries, in a deal valued at $933 million
  • Sonic Corp. (SONC) and Inspire Brands, a privately-held restaurant company with more than 4,700 Arby’s, Buffalo Wild Wings, and Rusty Taco locations worldwide, enter into definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash

September 24, 2018 Company and Stock News

  • Sky plc recommends for its shareholders to accept a “superior cash offer” from Comcast Corporation (CMCSA) to acquire the company for £17.28($22.59) per share
  • Digital Realty Trust (DLR) enters into definitive agreement to acquire Ascenty, a data center provider in Brazil, for approximately $1.8 billion; separately, Digital Realty reaches agreement to acquire 424 acres of undeveloped land in Loudoun County, Virginia, adjacent to Washington Dulles International Airport, for $236.5 million, and the company commences an underwritten registered public offering of 8,500,000 shares of its common stock
  • Pandora Media (P) and SiriusXM Holdings (SIRI) enter into definitive agreement for SiriusXM to acquire Pandora in an all-stock transaction valued at approximately $3.5 billion
  • Amarin Corporation (AMRN) announced that it experienced positive results from a trial of its Vascepa cholesterol treatment for adults with elevated cardiovascular risks

September 21, 2018 Company and Stock News

  • Avon Products (AVP) announces new growth strategy, including investing up to $300 million in digital and IT infrastructure, and reducing its operating expenses by $400 million within the next three years

September 20, 2018 Company and Stock News

  • Bloomberg News reported Tesla’s (TSLA) Vice President of Global Supply Management resigned, which is the fifth high-ranking member of the company’s management team to resign from the company over the past few months
  • Adobe Systems (ADBE) enters into definitive agreement to acquire Marketo, a privately-held provider of cloud-based business-to-business applications, for $4.75 billion
  • Cronos Group (CRON) commences joint medical cannabis study with Aleafia Health Inc. to improve the management and treatment of insomnia and daytime sleepiness
  • Consolidated Edison (ED) and Sempra Energy (SRE) enter into agreement for Consolidated Edison to acquire Sempra’s U.S. non-utility operating solar assets, solar and battery storage development projects, and a wind facility for $1.54 billion in cash
  • Medtronic (MDT) and Mazor Robotics (MZOR) enter into definitive merger agreement under which Medtronic will acquire all Mazor’s ordinary shares for $58.50 per American Depository Share, or $29.25 per ordinary share, in cash

September 19, 2018 Company and Stock News

  • Command Security (MOC): Command Security Corporation (MOC) signs definitive agreement to be acquired by Prosegur Compañía de Seguridad, S.A. for $2.85 per share
  • Molecular Templates (MTEM) enters into agreement with Japan’s Takeda Pharmaceutical Company Limited to develop drugs for the treatment of patients with multiple myeloma, a cancer of blood cells

September 18, 2018 Company and Stock News

  • Macy’s (M) says it’s implementing advanced technology to enhance its customers’ shopping experience and to make shopping at Macy’s more convenient and efficient, including virtual- reality and augmented-reality furniture and beauty features; the company added that it’s partnering with Facebook to market approximately 150 e-commerce brands during the winter 2018 holiday season
  • The United States Department of Justice clears pending merger of Cigna (CI) and Express Scripts (ESRX)
  • Thor Industries (THO) enters into definitive agreement to acquire Erwin Hymer Group SE, a privately-held European manufacturer of recreational vehicles, for approximately €2.1 billion ($3.6)
  • Viking Therapeutics (VKTX) announced that it experienced positive results from a Phase 2 trial of the company’s treatment for non-alcoholic fatty liver disease.

September 17, 2018 Company and Stock News

  • Canopy Growth Corporation (CGC) says Tweed Farms Inc. medical marijuana production site has received license amendments approving all of the company’s greenhouse space, bringing its total licensed space to approximately 3.2 million square feet

September 14, 2018 Company and Stock News

  • Silver Lake Partners invests $600 million into AMC Entertainment Holdings
  • Allergan (AGN) to acquire Bonti, Inc., a privately held biotechnology company, for an upfront payment of $195 million and additional potential milestone payments
  • L Brands (LB) says it plans to close all of its 23 Henri Bendel stores, as well as its Henri Bendel e-commerce website, during January 2019

September 13, 2018 Company and Stock News

  • Walmart (WMT) enters into definitive agreement to acquire Cornershop, Inc., an online delivery service from grocers and pharmacies in Mexico and Chile, for $225 million
  • United Parcel Service (UPS) announces plans to increase its adjusted earnings per share by $1.00-$1.20 by the year 2020, including reductions in its operating costs and substantial capital investments in its global network
  • Starbucks (SBUX) says it plans to operate 10,000 eco-friendly “Greener Stores” by the year 2025, which it expects to save the company an incremental $50 million in utility costs over the next ten years
  • Sears Holdings (SHLD) says it’s continuing to close unprofitable stores and to leverage its online and Shop Your Way platform in an effort to return the company to profitability
  • Qualcomm (QCOM) enters into accelerated share repurchase agreements with Bank of America, Citibank, N.A. and Morgan Stanley & Co. to repurchase $16 billion of its common stock
  • HollyFrontier (HFC) announced that its Board of Directors authorized the company to repurchase $1 billion of its stock, excluding approximately $43.6 billion of stock repurchases remaining under a prior authorization
  • Navient (NAVI) announced that its Board of Directors authorized the company to repurchase up to $500 million of its common stock in addition to $80 billion of repurchases that remain under a prior authorization
  • Acorda Therapeutics (ACOR) announced that the U.S. Food and Drug Administration extended the review period for the company’s treatment for Parkinson Disease

September 12, 2018 Company and Stock News

  • Apple (AAPL) introduces new versions of its iPhone – the iPhone XR, iPhone Xs and iPhone Xs Max –, as well as new versions of its Apple Watch and HomePod speaker
  • Bloomberg News reported that another high-ranking finance executive at Tesla (TSLA) is leaving the company
  • Stanley Black & Decker (SWK) enters into definitive agreement to acquire a 20% ownership interest in MTD Products Inc., a privately-held manufacturer of outdoor power equipment, for $234 million in cash
  • Wabco Holdings (WBC) says it expects its truck and bus production in China to deteriorate by approximately 30% during the second half of 2018 and by 11% on a full year basis, as compared to the same periods a year ago; as a result, the company expects its full-year 2018 earnings per share to be at the lower half of its previously-provided estimate of $7.10-$7.40
  • The Hershey Company (HSY) and B&G Foods, Inc. (BGS) enter into definitive agreement for Hershey to acquire B&G’s Pirate Brand business for approximately $420.0 million in cash
  • Nielsen Holdings (NLSN) hires J.P. Morgan Securities LLC and Guggenheim Securities LLC to help it to consider a potential sale of the company
  • Bausch Health (BHC) and its wholly-owned subsidiary, Salix Pharmaceuticals, reach an agreement in a patent dispute with Actavis Laboratories regarding Salix’s XIFAXAN treatment for irritable bowel syndrome
  • Foamix Pharmaceuticals (FOMX) announced that it experienced positive results from a Phase 3 trial of the company’s treatment for acne
  • Vital Therapies (VTL) announced that the company will cease its development of ELAD, a cell-based therapy targeting the treatment of acute forms of liver failure, after a study of the treatment failed to meet its goals

September 11, 2018 Company and Stock News

  • Bloomberg reported that Tesla (TSLA) produced less than 3,500 of its Model 3 sedans during the week ended September 7, as opposed to the 6,000 weekly production rate that the company had projected it would produce by late-August
  • Microsoft (MSFT) announced that it’s planning to build a new, 132,000 square-foot state-of-the-art headquarters in Toronto, Canada and to hire 500 people to work at the facility when it’s completed during 2020
  • Verizon Communications (VZ) announced that it plans to launch the world’s first commercial 5G broadband internet service on October 1
  • IMAX Corporation (IMAX) enters into agreement with a subsidiary of China Resources Land, one of China’s larger state-owned commercial developers, to construct 14 new IMAX theatres in luxury shopping centers located in China’s major cities
  • Bloomberg reported that a consortium of institutional investors including Hillhouse Capital Group and KKR & Co. Inc. (KKR) is planning to discontinue its previously-planned acquisition of Yum China Holdings (YUMC)
  • Tilray (TLRY announced that one of its cannabis products was successfully imported into the United Kingdom to treat a sick pediatric patient
  • Gilead Sciences (GILD) announced that it experienced positive results from a Phase 3 study of the company’s treatment for rheumatoid arthritis
  • USA Technologies (USAT) announced that it will not file its Annual Report for the company’s fiscal year ended June 30, 2018 with the U.S. securities and Exchange Commission by the September 13, 2018 due date as a result of an ongoing internal investigation of the company’s financial reporting of some its contractual arrangements
  • MasTec (MTZ): MasTec, Inc. announced that its Board of Directors authorized the company to repurchase up to $150 million of its common stock after completing $100 million of repurchases under a prior authorization

September 10, 2018 Company and Stock News

  • Alibaba Group (BABA) announced that its CEO, Daniel Zhang, will succeed the company’s founder, Jack Ma, as Alibaba’s Chairman of the Board of Directors on September 10, 2019
  • Science Applications International (SAIC) and Engility Holdings (EGL) enter into definitive agreement under which SAIC will acquire Engility in an all-stock transaction valued at $2.5 billion
  • United Rentals (URI) says it will acquire BlueLine Rental, a renter of construction equipment to contractors and retail customers, for $2.1 billion in cash
  • Fred’s (FRED) and Walgreens (WBA) enter into definitive asset purchase agreement pursuant to which Walgreens will acquire pharmacy patient prescription files and related pharmacy inventory of 185 Fred’s stores located across 10 Southeastern states for a cash purchase price of $165 million plus an amount equal to the value of the inventory included in the assets
  • Nutanix (NTNX) closes deal with the U.S. Department of Defense worth more than $20 million for usage of the company’s cloud-based enterprise software applications
  • Altaba (AABA) enters into agreement to sell all of its common stock holdings in Yahoo Japan Corporation to certain managers for ¥354 ($3.19) per share
  • Acorda Therapeutics (ACOR) announced that the U.S. Court of Appeals for the Federal Circuit upheld an earlier court decision to invalidate four of the company’s patents for its multiple sclerosis treatment, AMPYRA

September 7, 2018 Company and Stock News

  • Tesla (TSLA) reported that its Chief Accounting Officer provided notice that he is resigning from the company, effective immediately
  • Barnes & Noble (BKS) reported that Richard Schottenfeld, the General Partner of Schottenfeld Associates and the Schottenfeld Opportunity Fund, increased his investment position in the company to 6.9%
  • The Michaels Companies, Inc. (MIK) announced that its Board of Directors authorized the company to repurchase up to $500 million of its common stock in addition to approximately $100 million of repurchases authorized previously
  • Alibaba Group Holding (BABA) reported that it entered into a plan to repurchase up to $6 billion of its stock

September 6, 2018 Company and Stock News

  • Reuters reported that the European Commission approved Apple’s (AAPL) planned acquisition of Shazam Entertainment Ltd
  • Tesla’s (TSLA) CEO, Elon Musk, tweeted that the company’s Model 3 sedan outsold all BMW passenger cars in the United States and Canada during August
  • Advanced Micro Devices (AMD) announced that it’s offering a new family of Athlon System-on-Chip desktop processors with Radeon Vega graphics that are faster than its competitors’ chips
  • LaSalle Hotel Properties (LHO) and Pebblebrook Hotel Trust (PEB) enter into definitive merger agreement under which Pebblebrook will acquire 100% of LaSalle’s common shares
  • GameStop (GME) says it continues to engage with third parties regarding a potential sale of the company
  • Reuters reported that GlaxoSmithKline (GSK) said it would eliminate approximately 600 jobs in the United States as part of its global restructuring program
  • Rockwell Automation (ROK) announced that its Board of Directors authorized the company to repurchase up to $1 billion of its stock in addition to $245 million of stock repurchases that remain under a previous authorization
  • Boston Scientific (BSX) enters into definitive agreement to acquire Augmenix, Inc., a privately-held developer of a therapy used to reduce side effects that men experience after receiving prostate cancer radiotherapy
  • Marvell Technology Group’s (MRVL) CEO said in a conference call that cost synergies previously forecast regarding the company’s acquisition of Cavium Inc. would be approximately $200 billion by January 31, 2020

September 5, 2018 Company and Stock News

  • Harley-Davidson (HOG) says it will establish a new research and development facility in Northern California to support the company’s first line of electric motorcycles
  • 21st Century Fox (FOXA) invests a combined $100 million into Caffeine, a privately-held social broadcasting platform for gaming and entertainment, and a newly-formed joint venture called Caffeine Studios that is jointly owned by FOX Sports and Caffeine
  • MarketWatch reported that GameStop Corp. (GME) it is working with a financial advisor to potentially sell the company
  • NextEra Energy Partners, LP (NEP) enters into agreement to purchase 11 wind and solar projects located in seven U.S. states from NextEra Energy Resources, LLC for approximate $1.3 billion
  • ProQR Therapeutics (PRQR) announced that it experienced positive results from a trial of its treatment for Leber’s congenital amaurosis, a cause of blindness in children

September 4, 2018 Company and Stock News

  • Southwestern Energy (SWN) enters into definitive agreement to sell its Fayetteville Shale E&P and related midstream gathering assets to Flywheel Energy, LLC for $1.865 billion in cash; company commences tender offer to repurchase up to $900 million of its Senior Notes and to repurchase up to $200 million of its stock
  • Steel Dynamics (STLD) announced that its Board of Directors authorized the company to repurchase up to $750 million of its common stock

August 31, 2018 Company and Stock News

  • HCA Healthcare (HCA) signs definitive agreement to acquire substantially all the assets of Mission Health, a North Carolina-based non-profit operator of hospitals and medical centers, for approximately $1.5 billion
  • The Coca-Cola Company (KO) reaches definitive agreement to acquire Costa Limited, a leading provider of coffee and a wholly-owned subsidiary of Whitbread PLC, for approximately $5.1 billion

August 30, 2018 Company and Stock News

  • Reuters reported that Apple (AAPL) acquired Akonia Holographics, a privately-held maker of lenses for augmented reality glasses
  • Campbell Soup Company (CPB) announced that it plans to sell its Campbell International and Campbell Fresh businesses, as well as its manufacturing operations in Indonesia and Malaysia and its businesses in Hong Kong and Japan
  • Stryker Corporation (SYK) and K2M Group Holdings, Inc. (KTWO) sign definitive merger agreement for Stryker to acquire all of K2M’s common stock of for $27.50 per share
  • Moody’s (MCO) and Reis Inc. (REIS) enter into definitive merger agreement for Moody’s to Reis for $23.00 per share in cash
  • Electronic Arts (EA) reduces its estimated fiscal 2019 net bookings to $5.2 billion, from an earlier estimate of $5.5 billion
  • Insys Therapeutics (INSY) announced that the U.S. Food and Drug Administration granted Fast Track designation to the company’s epinephrine nasal spray as an investigational treatment for anaphylaxis, an acute, life-threatening allergic reaction

August 29, 2018 Company and Stock News

  • Moody’s Investor Service announced that it downgraded the senior unsecured rating of Ford Motor Company (F) to Baa3 from Baa2
  • Avnet, Inc. (AVT) announced that its Board of Directors authorized the company to repurchase $500 million of its stock in addition to $222 million worth of stock repurchases that remain under a prior authorization

August 28, 2016 Company and Stock News

  • Sears Holdings (SHLD) expands its “ship-to-store” tire installation and balancing program for persons buy any brand of tires on Amazon.com’s Internet web sites
  • The Wall Street Journal reported that Yum China Holdings (YUMC) received and rejected an offer from a consortium of institutional investors to acquire the company for $46 per share
  • Aspen Insurance Holdings Limited (AHL) and Apollo Global Management, LLC (APO) enter into agreement under which Apollo will acquire Aspen for $42.75 per share

August 27, 2018 Company and Stock News

  • Advanced Micro Devices (AMD) introduces new Radeon™ Pro V340 graphics card, the industry’s only hardware-based virtualization application
  • Bloomberg reported that Apple (AAPL) is planning to launch three new iPhones during September that will offer a wider range of prices, features and sizes
  • VMware (VMW) signs definitive agreement to acquire CloudHealth Technologies, a privately-held provider of cloud-based software applications that help users to analyze and manage cloud costs, usage, security, and performance issues
  • Pfizer (PFE) announced that it experienced positive results from a Phase 3 study of its Tafamidis drug to treat transthyretin amyloid cardiomyopathy, a disease that affects the heart and can lead to heart failure
  • Esperion Therapeutics (ESPR) announced that it experienced positive results from a Phase 3 trial of its treatment for patients with atherosclerotic cardiovascular disease

August 24, 2018 Company and Stock News

  • CNBC reported that “dozens” of Tesla’s (TSLA) employees have left the company to join Apple (AAPL) since late 2017
  • Reuters reported that Arconic, Inc. (ARNC) is holding discussions with several private equity firms that have shown an interest in acquiring the company
  • Enbridge Inc. (ENB) and Spectra Energy Partners (SEP) enter into definitive agreement for Enbridge to acquire Spectra for 1.111 common shares of Enbridge’s stock
  • E.W. Scripps (SSP) enters into accelerated share repurchase agreement to buy back $25 million of its Class A common shares by March 31, 2019.
  • Vistra Energy (VST) says it will close its 51-megawatt waste coal facility in McAdoo, Pennsylvania

August 23, 2018 Company and Stock News

  • Honeywell (HON) says it expects to complete its previously-announced spin-offs of the company’s Transportation Systems business, Garrett Motion Inc., and its Homes and ADI Global Distribution business, Resideo Technologies, Inc. by September 30, 2018 and December 31, 2018, respectively; separately, the company announced that it increased its full-year 2018 adjusted earnings per share estimate by five cents to a new range of $8.10-$8.20
  • Alphatebet’s (GOOG) Google division wrote in a blog that FireEye, Inc.’s (FEYE) cybersecurity applications identified suspicious activity originating from Iran that affected email accounts and three YouTube channels

August 22, 2018 Company and Stock News

  • Lowe’s Companies (LOW) says it expects to close all of its 99 Orchard Supply Hardware stores by January 31, 2019
  • The Hartford Financial Services Group (HIG) and The Navigators Group (NAVG) sign definitive agreement for The Hartford to acquire all of The Navigators’ common stock for $70 a share, in cash
  • Walmart (WMT) enters into strategic partnership with Rakuten Kobo Inc., a privately-held provider of electronic books, audiobooks, e-readers and tablet computers, to launch Walmart eBooks
  • Nordstrom (JWN) announced that its Board of Directors authorized the company to repurchase up to $1.5 billion of its stock
  • Exact Sciences (EXAS) and Pfizer (PFE) enter into agreement to co-promote Cologuard, the first and only FDA-approved non-invasive stool DNA screening test for colorectal cancer

August 21, 2018 Company and Stock News

  • CNBC reported that JPMorgan Chase & Co. (JPM) is launching a digital trading service that will include a sophisticated portfolio-building tool, no-fee access to the bank’s stock research and 100 free stock and/or ETF trades during the first year
  • SeaChange International (SEAC): SeaChange International, Inc. announced that it now expects its second-quarter financial operating results to be worse than it had estimated previously
  • Tilray, Inc. announced that it signed an agreement with the Ontario Cannabis Retail Corporation to supply the province of Ontario with a diverse array of cannabis products in anticipation of the launch of the province’s legalization of cannabis on October 17, 2018

August 20, 2018 Company and Stock News

  • The Wall Street Journal reported that suppliers of auto parts to Tesla (TSLA) are concerned about the company’s financial weakness and believe Tesla is now a financial risk to their companies
  • Tyson Foods (TSN) to acquire Marfrig Global Foods’ Keystone Foods business for $2.16 billion in cash
  • Lannett Company (LCI) announced that Jerome Stevens Pharmaceuticals informed the company that it will not renew its distribution agreement with Lannett, which expires on March 23, 2019
  • ConocoPhillips (COP) enters into settlement agreement with Venezuelan state-owned oil company Petróleos de Venezuela, S.A. to recover approximately $2 billion that an arbitral tribunal determined that Petróleos expropriated illegally from the company
  • Walmart (WMT) and Anthem (ANTM) announced today that beginning during January 2019 people enrolled in Anthem’s affiliated Medicare Advantage plans will be able to purchase medications and health-related items at lower prices at Walmart’s 4,700 stores and on Walmart.com

August 17, 2018 Company and Stock News

  • Tesla, Inc’s (TSLA) CEO, Elon Musk, said that he had no regrets about writing in a tweet on August 7 that he was considering taking the company private at $420 a share and that funding for such a deal had been “secured”
  • Bristol-Myers Squibb (BMY) announced that the U.S. Food and Drug Administration approved the company’s Opdivo treatment for patients with small cell lung cancer
  • Zoe’s Kitchen (ZOES) enters into definitive agreement to be acquired Cava Group, Inc. for $12.75 per share of Zoe’s stock in cash

August 16, 2016 Company and Stock News

  • Bloomberg News reported that Amazon.com (AMZN) is considering an acquisition of Landmark Theaters; separately, Reuters reported that Amazon has held discussions with insurance companies in the United Kingdom to potentially launch an online provider of insurance products
  • The Kroger Co. enters into strategic partnership with Nuro, a privately-held manufacturer of the world’s first driverless delivery vehicle, to begin testing grocery delivery services in Scottsdale, Arizona
  • The Wendy’s Company (WEN) accepts offer from Inspire Brands to sell its 12.3% ownership interest in the company back to Inspire Brands for $450 million; separately, Wendy’s announced that its Board of Directors authorized the company to repurchase up to $100 million of its common stock through December 31, 2019
  • Teva Pharmaceutical (TEVA) and Regeneron Pharmaceuticals (REGN) announced that they experienced positive results from a Phase 3 study of their treatment for chronic pain from osteoarthritis of the knee or hip.

August 15, 2018 Company and Stock News

  • Fox Business News reported that the U.S. Securities and Exchange Commission sent subpoenas to Tesla, Inc. (TSLA) regarding the company’s CEO’s tweet on August 7 claiming that the company had secured funding for a going-private transaction
  • Best Buy (BBY) signs definitive agreement to acquire GreatCall, Inc., a privately-held provider of easy-to-use mobile applications for healthcare-related personal emergency services, for $800 million in cash
  • Movado Group (MOV) enters into definitive agreement to acquire MVMT Watches Inc. for an initial payment of approximately $100 million and two future contingent payments that combined could total up to an additional $100 million
  • Cabot Microelectronics Corporation (CCMP) and KMG Chemicals, Inc. (KMG) enter into definitive agreement under which Cabot will acquire KMG for $55.65 in cash and 0.2000 of a share of Cabot Microelectronics common stock

August 14, 2018 Company and Stock News

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  • McDonald’s (MCD) announced that it and its franchisees are investing $6 billion to modernize most of their U.S. restaurants by 2020
  • Tesla (TSLA) announced that its Board of Directors formed a special committee composed of three independent directors to consider a transaction to take the company private
  • Perry Ellis (PERY) terminates discussions with privately-held Randa Accessories Leather Goods LLC regarding Randa’s revised proposal to acquire the company for $28.90 per share in cash
  • The Coca-Cola Company (KO) announced that it’s taking a minority ownership stake in BODYARMOR, a fast-growing line of premium sports performance and hydration beverages
  • The Kroger Co. (KR) forms strategic partnership with China’s Alibaba Group Holding (BABA) to sell Kroger’s groceries in China via Alibaba’s ecommerce sites
  • CNBC reported that Apple (AAPL) is seeking to hire software engineers and programmers to work on a custom processor for health sensors
  • Diamondback Energy (FANG) and Energen Corporation (EGN) enter into definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion

August 13, 2018 Company and Stock News

  • VF Corporation (VFC) announced that it intends to separate the company into two independent, publicly traded companies, an apparel and footwear company that will market its North Face and Timberland brands, and a separate company that will market its Wrangler and Lee branded jeans
  • Alnylam Pharmaceuticals (ALNY) announced that the U.S. Food and Drug Administration approved the company’s ONPATTRO™ injection for the treatment of malfunction of bodily nerves

August 10, 2018 Company and Stock News

  • LM Ericsson Company (ERIC) says it will increase its 5G infrastructure and artificial intelligence investments in the United States and begin manufacturing in the U.S. during the fourth quarter of 2018 to make 5G products available as soon as possible
  • JetBlue Airways (JBLU) announced that its revenue passenger miles rose by 5% during July, as compared to the same month a year ago
  • Bloomberg News reported that General Electric (GE) is working with Credit Suisse Group AG regarding a potential sale of its power-conversion business
  • YUM! Brands (YUM) announced that its Board of Directors authorized the company to repurchase up to $2 billion of its common stock through the end of 2019 in addition to approximately $329 million of stock repurchases remaining under prior authorizations

August 9, 2018 Company and Stock News

  • Sinclair Broadcast Group (SBG) announced that it received a termination notice of its merger agreement from Tribune Media Company (TRCO), and that it withdrew with prejudice its Federal Communications Commission applications to acquire Tribune; separately, the company announced that its Board of Directors authorized the company to repurchase up to $1 billion of its Class A common shares
  • Fitch Ratings upgrades Nokia Corporation’s (NOK) Long-Term Issuer Default Rating and senior unsecured rating to BBB- from BB+
  • Qualcomm (QCOM) reaches mutually agreed-upon settlement with the Taiwan Fair Trade Commission to resolve the Commission’s investigation of Qualcomm and the Commission’s alleged claims that the company violated Taiwan’s Fair Trade Act

August 8, 2018 Company and Stock News

  • The Wall Street Journal reported that officials at the U.S. Securities and Exchange Commission are investigating a comment tweeted by Tesla, Inc.’s (TSLA) CEO, Elon Musk, on August 7, whereby Musk stated that he’s considering taking the company private and that he has secured funding for such a transaction
  • General Electric (GE) and Starwood Property Trust (STWD) enter into definitive agreement under which Starwood will acquire GE Capital’s Energy Financial Services’ Project Finance Debt Business and loan portfolio for $2.56 billion
  • Amazon.com (AMZN) launches grocery pickup service for Whole Foods customers in Sacramento and Virginia Beach
  • WSFS Financial Corporation (WSFS) signs definitive agreement to merge with Beneficial Mutual Bancorp (BNCL) in a transaction valued at approximately $1.5 billion
  • Helios and Matheson (HMNY) announced that Bruce Willis agreed to star in “10 Minutes Gone”, a film being produced by the company’s MoviePass Films business
  • The Chicago Tribune reported that its owner, tronc, Inc. (TRNC) is considering an offer to sell that newspaper and its other holdings to a private-equity firm for a price of $19-$20 per share of tronc’s stock
  • LendingClub Corporation (LC) received civil investigative demand from the office of the Attorney General of the State of Massachusetts relating to the company’s advertising and disclosure practices
  • Cummins (CMI) enters into accelerated share repurchase agreement with Goldman, Sachs & Co to repurchase $500 million of its common stock
  • iCAD Inc. (ICAD) announced that the U.S. Food and Drug Administration approved the company’s artificial intelligence software application for the screening for breast cancer

August 7, 2018 Company and Stock News

  • Tesla’s CEO, Elon Musk, tweeted that he’s considering taking the company private and that he’s secured funding for such a deal; separately, the Financial Times reported that Saudi Arabia’s sovereign wealth fund has invested $1.7-$2.9 billion in Tesla (TSLA)
  • Sinclair Broadcast Group (SBGI) launches new over-the-top (“OTT”) advertising platform, CompulseOTT, that will focus exclusively on OTT advertising
  • The Orlando Sentinel reported that SeaWorld Entertainment (SEAS) is eliminating 125 positions amid a company-wide restructuring
  • The Kroger Co. (KR) announced that it’s exploring strategic alternatives for its Turkey Hill business, including a potential sale
  • AT&T (T) acquires The Chernin Group’s controlling interest in Otter Media, a provider of video subscription and advertising services

August 6, 2018 Company and Stock News

  • Sears Holdings (SHLD) announced that it’s adding merchandise from third-party retailers and manufacturers to the company’s ecommerce site, including products from Nashville Shoe Warehouse, TTI Floor Care, and APMEX, one of the world’s larger online retailers of precious metals, collectables coins and jewelry
  • Avis Budget (CAR) enters into multi-year agreement with Lyft under which Avis will add thousands of automobiles to the Lyft Express Drive program in cities throughout North America
  • The Wall Street Journal reported that Facebook (FB) asked JPMorgan Chase & Co. (JPM) Wells Fargo & Co. (WFC), Citigroup Inc. (C) and U.S. Bancorp (USB) to share detailed financial information about their customers, including credit card transactions and checking account balances
  • Bemis Company (BMS) announced that its Board of Directors approved a definitive agreement for the company to be acquired by Amcor Limited, an Australian provider of packaging products, for approximately $57.75 per Bemis share
  • Henry Schein (HSIC) implements restructuring plan designed to increase the company’s profitability; as a result of its restructuring activities, the company stated that it expects to record a restructuring charge of $45-$55 million for the year ending December 31, 2018
  • Zillow Group (ZG) enters into definitive agreement to acquire Mortgage Lenders of America, a privately-held national mortgage lender headquartered in Overland Park, Kansas
  • Connecticut Water Service (CTWS) and SJW Group (SJW) amend the terms of their previously-announced merger agreement from a stock-for-stock transaction to an all-cash acquisition

August 3, 2018 Company and Stock News

  • Biogen (BIIB) reported that its Board of Directors authorized the company to repurchase up to $3.5 billion of its common stock
  • Perry Ellis International (PERY) receives revised, non-binding, unsolicited proposal from privately-held Randa Accessories Leather Goods LLC to acquire 100% of the company’s outstanding common stock for $28.90 per share in cash

August 1, 2018 Company and Stock News

  • HP Inc. (HPQ) signs definitive agreement to acquire Apogee Corporation, a U.K.-based office equipment dealer for £380M (approximately $495 million)
  • CNBC reported that Amazon.com (AMZN) plans to stop using Oracle Corporation’s (ORCL) database software by the first quarter of 2020
  • Synaptics (SYNA) terminates its previously-announced discussions with U.K.-based Dialog Semiconductor plc regarding Dialog’s potential acquisition of Synaptics
  • HanesBrands (HBI) announced that Target Corporation (TGT) will not renew its contract with the company for an exclusive line of C9 by Champion activewear apparel when the current contract expires during January 2020
  • The Wall Street Journal reported that Facebook (FB) will begin selling advertisements through its WhatsApp Status feature during 2019, and that the company plans to start charging big companies that communicate with their customers through WhatsApp between half a penny and 9 cents per message
  • The U.S. Department of Justice announced today that Wells Fargo & Company (WFC) agreed to pay a $2.1 billion civil penalty as a result of the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income information
  • Kroger (KR) launches a new direct-to-customer ecommerce platform, Kroger Ship, in Cincinnati, Houston, Louisville, and Nashville

July 31, 2018 Company and Stock News

  • United Parcel Service (UPS) enters into strategic partnership with Thor Trucks, Inc. to develop and test a fully-electric class-6 delivery truck that has a driving range of approximately 100 miles
  • Qualcomm (QCOM) commences “modified Dutch auction” tender offer to purchase up to $10 billion of shares of its common stock through August 27, 2018 at a price not less than $60.00 nor greater than $67.50 per share
  • Naked Brand (NAKD) enters into agreement with CVS Health Corporation (CVS) to provide its Heidi Klum Intimates clothing apparel and accessories in approximately 4,000 of CVS Health’s stores across the United States
  • Forest City Realty (FCE.A) and Brookfield Asset Management (BAM): Forest City Realty Trust, Inc. and Brookfield Asset Management, Inc. enter into a definitive agreement under which a Brookfield real estate investment fund will acquire all of the outstanding shares of Forest City’s common stock for $25.35 per share
  • Castlight Health (CSLT) announced that due to the loss of a major customer the company intends to reduce its operating expenses by 10%-15% and to record a restructuring charge associated with those reductions during the quarter ending September 30, 2018

July 30, 2018 Company and Stock News

  • Harley-Davidson (HOG) says it plans to offer several new small and mid-sized motorcycles and its first electric motorcycle, named LiveWire
  • AMC Networks (AMCX) and RLJ Entertainment (RLJE) enter into definitive agreement for AMC to acquire RLJ for approximately $65 million
  • Fossil Group (FOSL) enters into licensing agreement with BMW to design and manufacture BMW-branded watches and smartwatches
  • Caterpillar (CAT) announced that it expects to repurchase approximately $1.25 billion of its common stock through the end of 2018; additionally, the company stated that its board of directors authorized the company to repurchase up to an additional $10 billion of its stock beginning on January 1, 2019
  • Nokia (NOK) and T-Mobile (TMUS) sign a $3.5 billion multi-year agreement under which Nokia will provide T-Mobile with its complete end-to-end 5G technology, software and services, and help T-Mobile to build its 5G network
  • U.S. Foods Holding Corp. (USFD) enters into definitive agreement to acquire Services Group of America’s five operating companies for $1.8 billion in cash
  • Alliance Data Systems (ADS) announced that its board of directors authorized the company to repurchase $500 million of its stock beginning August 1, 2018

July 27, 2018 Company and Stock News

  • Intel Corporation’s (INTC) chief engineering officer indicated in a conference call following the company’s second-quarter 2018 earnings announcement that progress on the company’s 10-nanometer servers has been delayed
  • Insys Therapeutics (INSY) announced that the U.S. Food and Drug Administration did not approve the company’s new drug application for its pain-treatment spray

July 26, 2016 Company and Stock News

  • Walmart (WMT) unveils new ways for customers to browse and discover the company’s online nursery offerings with new “shop by style” options; separately, the company’s Walmart Canada division announced that it plans to invest more than $175 million to build a 300,000-square-foot frozen grocery fulfillment center in Surrey, British Columbia and to hire 150-200 people to work at the facility
  • Facebook (FB) launches new way for people to watch videos together, and to interact with one another in real time, under the name of Watch Party
  • Xerox (XRX) announced that its Board of Directors authorized the company to repurchase up to $1 billion of its common stock

July 25, 2018 Company and Stock News

  • Qualcomm (QCOM) terminates acquisition offer for NXP Semiconductors (NXPI); separately, Qualcomm’s Board of Directors authorized the company to repurchase $30 billion of its stock

July 24, 2018 Company and Stock News

  • Marriott International (MAR) signs agreement with luxury hospitality development firm Flag Luxury Group to build a 500-foot, 250-room Ritz-Carlton in New York City’s vibrant NoMad neighborhood, also known as North of Madison Square Park
  • Pfizer (PFE) says it will invest $465 million to build a 400,000-square-foot technically-advanced sterile injectable pharmaceutical production facility in Portage, Michigan and hire approximately 450 people to work at the facility
  • Ultra Clean Holdings (UCTT) signs agreement to acquire Quantum Global Technologies, LLC, a privately-held provider of cleaning and coating services, tool part life extension and other optimization applications for manufacturers of semiconductors, for approximately $342 million, in cash

July 23, 2018 Company and Stock News

  • The Wall Street Journal reported that Tesla, Inc. (TSLA) requested refunds from some of its parts suppliers for automobile components that it purchased as early as 2016
  • LifePoint Health (LPNT) enters into definitive agreement to merge with RCCH HealthCare Partners, which is owned by funds managed by affiliates of Apollo Global Management, LLC (APO), for $65.00 per share in cash
  • Infinera Corporation (INFN) says it intends to acquire Coriant, a privately-held global supplier of open, hyperscale network applications, for approximately $430 million

July 20, 2018 Company and Stock News

  • Amazon.com (AMZN) says it plans to open a new 600,000 square-foot fulfillment center in Spokane, Washington and to hire more than 1,500 people to work at the facility
  • Sears Holdings’ (SHLD) Shop Your Way division enters into strategic partnership with Booking Holdings’ (BNKG) Rocketmiles services to give Shop Your Way members access to reserve rooms at over 400,000 hotels around the world and an average of $50 CASHBACK points in their Shop Your Way Points for each booking
  • The Wall Street Journal reported that Esterline Technologies (ESL) is exploring a sale of the company
  • FTD Companies (FTD) initiates corporate restructuring plan, including a potential sale or merger of the company and an elimination of its Chief Operating Officer position; additionally, the company reported that it expects its net income and revenues for both the quarter ended June 30, 2018 and the year ending December 31, 2018 to be substantially lower than during the same periods a year ago
  • Reuters reported that Apollo Global Management LLC (APPO) is holding discussions to acquire LifePoint Health (APO)

July 19, 2018 Company and Stock News

  • The Boeing Company (BA) announced that it received more 100 new orders today for its 737 MAX airplanes and 25 new orders for its 787-9 Dreamliners valued at approximately $11.7 billion $7 billion, respectively
  • Comcast Corporation (CMCSA) says it does not intend to further purse an acquisition of Twenty-First Century Fox (FOXA) assets, and that it will instead focus on acquiring shares of British pay-TV giant Sky PLC that it doesn’t already own
  • Avis Budget Group (CAR) announced that beginning today Amazon’s customers who rent an automobile from Avis will receive an Amazon.com Gift Card valued at 10% of Avis’s rental fees

July 18, 2018 Company and Stock News

  • FuelCell Energy (FCEL) says it will add more than 100 new highly-skilled, advanced manufacturing jobs at its Torrington, Connecticut manufacturing facility to support a 120% increase in its production of fuel-cell energy
  • Baker Hughes (BHGE) enters into agreement to sell its Natural Gas Solutions business to two separate entities for a combined value of $375 million
  • The Wall Street Journal reported that Papa John’s International, Inc.’s (PZZA) founder, John Schnatter, held discussions to merge the company with The Wendy’s Company (WEN)
  • The Boeing Company (BA) announced that it received several 193 new orders for the company’s 737 MAX airplanes valued at approximately $23. 7 billion

July 17, 2018 Company and Stock News

  • The Boeing Company (BA) announced that it signed agreements with Air Lease Corporation (AL), Aviation Capital Group and a joint venture between Singapore Airlines and Tata Group for orders of the company’s 737 MAX 8s and 787-9 Dreamliners, for a total value of approximately $14.7 billion
  • Booking Holdings (BKNG) enters into strategic partnership with China’s Didi Chuxing car-sharing service to offer more comprehensive and personalized travel services around the world
  • TheVerge.com reported that the European Commission fined Alphabet Inc. (GOOG) a record €4.3 billion ($5 billion) for the company breaking antitrust laws

July 16, 2018 Company and Stock News

  • Fortune Brands (FBHS) announced that its Board of Directors authorized the company to repurchase up to $400 million of shares of its common stock over the next two years in addition to approximately $100 million of stock repurchases that remain under a prior authorization
  • salesforce.com (CRM) signs definitive agreement to acquire Datorama, a cloud-based, AI-powered marketing intelligence and analytics platform for enterprises, agencies and publishers
  • La-Z-Boy (LZB) enters into definitive agreement to acquire Joybird, a privately-held e-commerce retailer and manufacturer of upholstered furniture
  • International Game Technology (IGT) enters into agreement with FanDuel Group, a subsidiary of Paddy Power Betfair and the largest online sports gaming company in the U.S., under which IGT will provide the IT platform for FanDuel’s sports-betting services

June 22, 2018 Company and Stock News

  • Reuters reported that Tesla (TSLA) plans to close 13-14 of its solar installation facilities in nine U.S. states and to terminate its related retail partnership with Home Depot
  • Amazon (AMZN): Amazon.com (AMZN) says that it plans to open an 855,000 square-foot state-of-the-art fulfillment center in Bessemer Alabama and to hire 1,500 people to work at the facility

June 15, 2018 Company and Stock News

  • Qualcomm (QCOM) says it’s extending the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NXPI)
  • CNBC reported that the European Commission approved Comcast Corporation’s (CMCSA) $31 billion offer to acquire Sky plc
  • Fitch Ratings lowers its credit rating on General Electric (GE) to A, from A+

June 14, 2018 Company and Stock News

  • Royal Caribbean Cruises (RCL) enters into agreement to acquire a 66.7% ownership interest in Silversea Cruises for approximately $1 billion
  • Broadcom (AVG) terminates approximately 1,100 of the company’s employees as a result of its merger with Brocade Communication Systems and incurs approximately $143 million of restructuring charges associated with the terminations
  • The South China Morning Posted reported that Chinese regulators approved Qualcomm Incorporated’s (QCOM) acquisition of NXP Semiconductors N.V. (NXPI)
  • The U.S. Food and Drug Administration announced that it approved the first generic versions of Suboxone, an under-the-tongue treatment for opioid dependence, which are produced by Mylan N.V. (MYL) and Dr. Reddy’s Laboratories Limited (RDY)

June 13, 2013 Company and Stock News

  • Caterpillar (CAT) says its worldwide retail machinery sales rose by 24% during May, as compared to the same month a year ago
  • Tesla Inc. (TSLA) reported that its CEO, Elon Musk, purchased 72,500 shares of the company’s common stock at an average price of $343.78
  • Comcast Corporation (CMCSA) announced that it delivered a letter to the Board of Directors of Twenty-First Century Fox (FOX) offering to acquire the company for $35 per share
  • AMC Networks (AMCX) announced that its Board of Directors authorized the company to increase its common stock repurchases to $1.5 billion, from $1 billion
  • The Wall Street Journal reported that Greystar Real Estate Partners is having exclusive discussions to acquire Education Realty Trust, Inc. (EDR) for approximately $3.1 billion.

June 12, 2018 Company and Stock News

  • General Motors (GM) says it will increase its production of the Chevrolet Bolt, launch at least 20 new all-electric vehicles within the next five years and partner with utility companies and governments to accelerate infrastructure for charging electric automobiles
  • JetBlue (JBLU) announced that its revenue passenger miles rose by 8.9% during May, as compared to the same month a year ago
  • Sears Holdings (SHLD) expands its Ship-to-Store tire installation service with Amazon.com to 118 of the company’s Sears Auto Centers
  • Reuters reported that Tesla (TSLA) Inc. is eliminating approximately 9% of its non-production salaried employees
  • Johnson & Johnson (JNJ) accepts binding offer from Platinum Equity to acquire its LifeScan subsidiary for approximately $2.1 billion

June 11, 2018 Company and Stock News

  • Rockwell Automation (ROK) and PTC Inc. (PTC) enter into definitive agreement under which Rockwell will make a $1 billion equity investment in PTC by acquiring 10.6 million newly issued shares of the company’s stock at a price of $94.50; separately, Rockwell announced that it increased its share repurchase target for its fiscal year ending September 30, 2018 to $1.5 billion
  • Envision Healthcare (EVHC) and KKR Co. (KKR) enter into definitive agreement under which KKR will acquire Envision for $46 per share
  • Newell Brands (NWL) announced that its Board of Directors authorized the company to repurchase up to $3.6 billion of its stock through December 31, 2019
  • USG Corporation (USG) enters into definitive agreement with Germany’s Gebr. Knauf KG under which Knauf will acquire all of USG’s outstanding stock for $44 per share
  • NetEase (NTES) announced that its Board of Directors increased the company’s stock repurchase authorization to $2 billion, from a prior authorization of $1 billion
  • LaSalle Hotel Properties (LHO) announced that it received a proposal from Pebblebrook Hotel Trust to acquire LaSalle for 0.92 common shares of Pebblebrook per common share of LaSalle
  • The Wall Street Journal reported that Stryker Corporation (SYK) made a takeover offer to acquire Boston Scientific (BSX)
  • United Continental (UAL) says its revenue passenger miles rose increased 6.7 percent during May, as compared to the same month a year ago

June 8, 2018 Company and Stock News

  • The Nikkei Asian Review reported that Apple (AAPL). asked its supply chain to make approximately 20% fewer components for the company’s iPhones during the latter half of 2018

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  • mazon.com (AMZN) says it’s planning to open a second fulfillment center in Tulsa, Oklahoma and to hire 1,500 people to work at the facility
  • Bloomberg reported that Deutsche Bank AG (DBK) Chairman Paul Achleitner spoke with certain of the company’s shareholders about merging with Commerzbank AG (CBK)
  • EDAP TMS (EDAP) announced that the U.S. Food and Drug Administration approved the company’s Focal One ultrasound device for the removal of prostate tissue

June 7, 2018 Company and Stock News

  • General Electric (GE) creates new wholly-owned subsidiary, AiRXOS, to help government agencies, regional aviation authorities and private sector operators manage and meet the increasing demand for sophisticated and safe Unmanned Aircraft Systems
  • The Wall Street Journal reported that McDonald’s Corporation (MCD) will restructure its management team and reduce its number of corporate managers in an effort to cut the company’s operating expenses
  • Amazon.com (AMZN) announced that it’s now offering a hands-free, voice-controlled streaming media player, Fire TV Cube, for $119.99 that enables users to control their televisions, sound bars and audio/video receivers via Amazon’s Alexa voice-recognition technology
  • Target Corporation (TGT) says it’s expanding its Shipt same-day delivery service and Drive Up online order pickup service to 40 U.S. states by the 2018 winter holiday shopping season
  • lululemon athletica (LULU) agrees to repurchase 3.3 million shares of its common stock from private-equity firm Advent International Corporation
  • AmTrust Financial (AFSI) enters into amended agreement with Evergreen Parent, L.P. under which Evergreen will acquire approximately 45% the company’s common stock that certain of its affiliates and related parties do not already own for $14.75 per share in cash

June 6, 2018 Company and Stock News

  • MarketWatch reported that European Union antitrust authorities are planning to fine Alphabet Inc. (GOOG) up to $11 billion for antitrust issues related to the company’s Android operating system
  • UnitedHealth Group (UNH) announced that its Board of Directors authorized the company to repurchase 100 million shares of its common stock
  • Fortive Corporation (FTV) makes binding offer to purchase Johnson & Johnson’s (JNJ) Advanced Sterilization Products business for approximately $2.7 billion
  • Plug Power (PLUG) acquires American Fuel Cell, a privately-held developer of technology for fuel cells
  • Devon Energy Corporation (DVN) enters into agreement to sell its ownership interests in EnLink Midstream Partners, LP (ENLK) and EnLink Midstream, LLC (ENLC) to an affiliate of Global Infrastructure Partners for $3.125 billion; additionally, Devon announced that its board of directors increased the size of the company’s share-repurchase authorization to $4 billion, from $1 billion

June 5, 2018 Company and Stock News

  • U.S. Steel Corporation (X) says it will restart the second of two blast furnaces at its Granite City Works steelmaking plant in Granite City, Illinois and hire 300 people to work at the facility
  • Wells Fargo (WFC) and Flagstar Bancorp (FBC) enter into agreement under which Wells Fargo will sell 52 of its retail bank branches to Flagstar
  • Tesla’s (TSLA) CEO, Elon Musk, says all of the company’s Model 3 production lines have demonstrated the ability to produce 500 Model 3 sedans per day and that there’s a good likelihood the company will be able to make 5,000 Model 3s per week by the end of June
  • The Wall Street Journa reported that Facebook (FB) has data sharing partnerships with at least four Chinese companies, including Lenovo Group, Oppo Electronics Corporation, TCL Corporation and Huawei Technologies Co. Ltd
  • Reuters reported that ZTE Corporation (ZTCOY), China’s second-largest manufacture of telecommunications equipment, signed an agreement in principle with the U.S. Department of Commerce that would eliminate a ban that the Department placed on the company during April
    2017 for shipping products to Iran and North Korea

June 4, 2018 Company and Stock News

  • Microsoft (MSFT) enters into agreement to acquire GitHub, a privately-held software development company, for $7.5 billion
  • Apple’s (AAPL) executives made several announcements today at the Apple Worldwide Developers Conference regarding its products and IOS operating system, including (1) Its next mobile operating system, IOS 12, which will include augmented-reality (“AR”) features; (2) its upgraded ARKit platform, which will enable multiple users to play games in an interactive way; and (3) its upgraded FaceTime feature, which will enable 32 people to engage in group conversations simultaneously; additionally, the company announced that its upgraded smartwatch will enable users communicate from their wrists
  • Fitbit (FIT) says it has shipped more than one million Fitbit Versa™ smartwatches since it began offering those devices on April 16; separately, the company announced that more than 2.4 million persons have used its new female health-tracking feature
  • Southwest Airlines (LUV) says it expects its revenue per available seat mile to decrease by approximately 3% for the quarter ending June 30, 2018, as compared to the same period a year ago, due to the company’s Flight 1380 accident in which an in-air engine rupture led to a passenger fatality
  • Delta Air Lines (DAL) announced that its revenue passenger miles rose by 2.9% during May, as compared to the same month a year ago
  • Merck & Co. (MRK) says it experienced positive results from a Phase 3 study of its Keytruda drug for the treatment of melanoma

June 1, 2018 Company and Stock News

  • Tyson Foods (TSN) enters into agreement to sell its Sara Lee Frozen Bakery and Van’s businesses to private-equity firm Kohlberg & Company
  • LyondellBasel (LYB) announced that its shareholders authorized the company to repurchase up to 10% of its common stock

May 31, 2018 Company and Stock News

  • General Motors (GM) announced the SoftBank Vision Fund will invest $2.25 billion in its self-driving automobile division, GM Cruise Holdings LLC
  • MarketWatch reported that Target Corporation (TGT) is launching same-day delivery of groceries, toys, electronic products and other goods
  • Walmart (WMT) launches Jetblack, a shopping service that combines the convenience of eCommerce with the customized attention of a personal assistant
  • The Brink’s Company (BCO) agrees to acquire Dunbar Armored, Inc. for approximately $520 million in cash

May 30, 2018 Company and Stock News

  • Monster Beverage (MNST) announced that its Board of Directors authorized the company to repurchase up to $500 million of its common stock
  • Amazon.com (AMZN) announced that it’s expanding the company’s Prime member savings to an additional 121 Whole Foods Market stores in 12 U.S. states and to all of its Whole Foods Market 365 stores nationwide; separately, the company announced that its Amazon Neptune service is now available to Amazon’s customers
  • Lions Gate Entertainment (LGF.A) acquires majority ownership interest in 3 Arts Entertainment, a privately-held talent management and production company

May 29, 2018 Company and Stock News

  • MarketWatch reported that ESL Investments Inc. has received numerous inquiries from entities interested in potentially partnering with ESL to acquire Sears Holdings (SHLD) Kenmore brand of products and related assets, as well as its Home Improvement business and PartsDirect business
  • CNBC reported that Apple (AAPL) might use organic light-emitting diodes (“OLEDs”) instead liquid crystal displays (“LCDs”) in the screens for all of its new iPhone models during 2019
  • Amazon (AMZN) announced that it plans to open a 600,000-square-foot facility in Oklahoma City and to hire more than 1,500 persons to work at the facility by the end of 2019
  • Alibaba Group Holding (BABA) says it will invest 1.38 billion in ZTO Express (ZTO) in exchange for approximately a 10% equity position in the company
  • MGM Resorts International (MGM) enters into agreement to acquire the Yonkers, New York-based Empire City Casino and race track, as well as its associated real estate, for $850 million
  • Reuters reported that Norway’s BW LPG made an offer to acquire Dorian LGP Ltd. (LPG) for $1.1 billion
  • Kinder Morgan (KMI) enters into agreement to sell its Trans Mountain Pipeline system and expansion project to the Government of Canada for $3.46 billion
  • WellCare Health Plans (WCG) enters into definitive agreement to acquire Meridian Health Plan of Michigan, Inc., Meridian Health Plan of Illinois, Inc., and MeridianRx for $2.5 billion
  • TransEnterix, Inc. (TRXC) announced that it received approval from the U.S. Food and Drug Administration for usage of the company’s Senhance Surgical System in laparoscopic (“small incision”) hernia and gallbladder surgeries

May 25, 2018 Company and Stock News

  • Reuters reported that Tesla (TSLA) flew six planes full of robots and equipment from Europe to California in an effort to increase production of batteries for its Model 3 sedan
  • reported that Icahn Enterprises L.P. (IEP) began offering bids on its stock holdings of Herbalife Nutrition Ltd. (HLF) in an effort to reduce its financial exposure to the company
  • Acorn International (ATV) announced that its Board of Directors declared a special one-time cash dividend of $0.75 per ordinary share, or approximately $14.97 per American depositary share (“ADS”)

May 24, 2018 Company and Stock News

  • Bloomberg reported that a jury in a U.S. federal court awarded Apple (AAPL) $539 million from Samsung Electronics for infringing upon the company’s patents
  • Babcock & Wilcox Enterprises (BW) announced that it received a non-binding indication of interest from Steel Partners Holdings L.P. (SPLP) to acquire the company for $3.00-$3.50 per share of Babcock’s stock
  • Celgene (CELG) announced that its Board of Directors authorized the company to repurchase $ billion of its common stock
  • The Clorox Company (CLX) announced that its Board of Directors authorized the company to repurchase up to $2 billion of its stock

May 23, 2018 Company and Stock News

  • International Business Machines (IBM) says it will create 1,800 jobs over the next two years related to artificial intelligence, cloud computing and Internet of Things technology; additionally, the company stated that it’s planning a major expansion in France
  • Comcast Corporation (CMCSA) says it’s considering making an offer for the businesses that Twenty-First Century Fox (FOXA) has agreed to sell to The Walt Disney Company (DIS) and that any such offer would be at a premium Disney’s offer
  • General Electric Company’s (GE) CEO, John Flannery, said he expects the company’s 2018 earnings to be at the lower end of management’s guidance range
  • The Southern Company (SO) enters into agreement to sell a 33% minority interest in its solar portfolio to Global Atlantic Financial Group Limited for $1.175 billion
  • Chipotle Mexican Grill (CMG) says it’s planning to move its corporate headquarters from Denver, Colorado to Newport Beach, California
  • Align Technology (ALGN) announced that its Board of Directors authorized the company to repurchase up to $600 million of its common stock over the next three years in addition to $300 million of repurchases that remain under a prior authorization
  • Qorvo (QRVO) announced that its Board of Directors authorized the company to repurchase up to $1 billion of its outstanding common stock, including $126 million of stock repurchases that remain under a prior authorization

May 22, 2018 Company and Stock News

  • Dunkin’ Brands (DNKN) announced that its Board of Directors authorized the company to repurchase up to $250 million of its common stock
  • MetLife (MET) announced that its Board of Directors authorized the company to repurchase $1.5 billion of its common stock in addition to approximately $370 million of planned stock repurchases that remain under a prior authorization

May 21, 2018 Company and Stock News

  • General Electric Company (GE) and Westinghouse Air Brake Technologies Corporation (WAB) enter into definitive agreement to merge in a tax-free deal valued at approximately $11.1 billion
  • Fifth Third Bancorp (FITB) and MB Financial (MBFI) enter into definitive merger agreement valued at approximately $4.7 billion
  • Microsoft (MSFT) acquires Semantic Machines Inc., a privately-held provider of software that enables humans to communicate in a natural manner with computers
  • Adobe Systems (ADBE) enters into definitive agreement to acquire Magento Commerce, a privately-held provider of cloud-based retail commerce applications, for $1.68 billion
  • Micron Technology (MU) announced that its Board of Directors authorized the company to repurchase up to $10 billion of its outstanding common stock
  • Roper Technologies (ROP) enters definitive agreement to acquire PowerPlan, Inc., a privately-held provider of financial regulation and compliance software, for $1.1 billion
  • NextEra Energy (NEE) enters into definitive agreement to acquire The Southern Company’s (SO) Gulf Power, Florida City Gas and ownership interests in the Oleander and Stanton natural-gas generating plants in Florida in a transaction valued at approximately $6.475 billion
  • The Blackstone Group (BX) enters into definitive agreement to acquire LaSalle Hotel Properties (LHO) for $33.50 per share in an all-cash transaction valued at $4.8 billion

May 18, 2018 Company and Stock News

  • Amgen (AMGN) and Novartis (NVS) announced that the U.S. Food and Drug Administration approved the dispensing of Novartis’s treatment for migraines via Amgen’s SureClick auto injector device

May 17, 2018 Company and Stock News

  • Reuters reported that Alphabet Inc.’s (GOOG) YouTube unit will launch a music streaming service named YouTube Music that will compete with similar services from Spotify Technology (POT), Pandora Media (P) Apple (AAPL) and Amazon.com (AMZN)
  • TechCrunch reported that PayPal Holdings (PYPL) will acquire iZettle, a European provider of point of sales devices for small businesses, for $2.2 billion
  • The Kroger Co. (KR) enters into partnership agreement with Ocado Group, a British online supermarket, to provide its customers with online ordering, automated fulfillment and home delivery of Kroger’s products
  • Williams Companies (WMB) and Williams Partners (WPZ) enter into agreement for Williams Companies to acquire all of the outstanding public common units of Williams Partners
  • Hasbro (HAS) announced that its Board of Directors authorized the company to repurchase $500 million of its common stock in addition to a $139.2 repurchase authorization that remained available as of March 31, 2018
  • Carl Icahn wrote a letter to AmTrust Financial Services Inc. (AFSI) stating that he is “strongly against” the company going private and that he intends to solicit proxies against the company going private.
  • Valeant Pharmaceuticals (VRX) announced that it’s offering $750,000,000 aggregate principal amount of unsecured senior notes due 2027 to refinance the company’s current outstanding notes and Term B loans
  • Loxo Oncology (LOXO) announced that it experienced positive results from a phase 1 clinical trial of the company’s cancer drug
  • Minerva Neurosciences (NERV) announced that it experienced positive results from a phase 2b trial of the company’s treatment for schizophrenia

May 16, 2016 Company and Stock News

  • Oracle (ORCL) signs agreement to acquire DataScience.com, a privately-held provider of tools that enable data science teams to work collaboratively on data-driven projects
  • Bloomberg reported that Microsoft (MSFT) is planning to release a line of lower-cost Surface tablets to compete with Apple’s (AAPL) iPad
  • Walmart (WMT) says it will launch its Lord & Taylor online store within the next few weeks
  • Universal Electronics (UEIC) reported that its Board of Directors authorized the company to repurchase up to $10,000,000 of its common stock

May 15, 2018 Company and Stock News

  • Amazon.com (AMZN) announced that Verizon Communications selected the company’s Amazon Web Services (“AWS”) platform as its preferred public cloud provider; separately, Bloomberg reported that Amazon is testing a new display advertisement offering that threatens multibillion-dollar revenue streams at Google and Criteo SA
  • Reuters reported that Tesla Inc. (TSLA) will halt production at its California factory for the third time this year, from May 26-31, to work on repairs to its assembly line
  • Tyson Foods (TSN) agrees to buy the poultry rendering and blending assets of American Proteins, Inc. for approximately $850 million

May 14, 2014 Company and Stock News

  • Sears Holdings (SHLD) announced that a special committee of the company’s board of directors initiated a formal process to explore the sale of Sears’ Kenmore brand
  • Qualcomm (QCOM) extends the offering period of its cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXP)
  • Xerox Corporation (XRX) terminates agreement to combine with Fujifilm Holdings Corporation
  • Facebook (FB) suspends approximately 200 applications in response to the Cambridge Analytica scandal

May 11, 2018 Company and Stock News

  • RXi Pharmaceuticals (RXII) and Iovance Biotherapeutics (IOVA) enter into a research collaboration to evaluate potential synergies with RXi’s therapeutic compounds and Iovance’s cell therapy for the treatment of cancer
  • C.H. Robinson (CHRW) announced that its Board of Directors increased the company’s share repurchase authorization by 15 million shares of common stock
  • The Wall Street Journal reported that Convergys Corporation (CVG) is holding discussions “with several parties” interested in potentially acquiring the company

May 10, 2018 Company and Stock News

  • Amazon.com (AMZN) announced that Ryanair (RYAAY) is moving its infrastructure to Amazon’s Web Services subsidiary
  • Eli Lilly (LLY) and ARMO BioSciences (ARMO) sign definitive agreement for Lilly to acquire ARMO for $50 per share, or approximately $1.6 billion, in cash
  • Valeant Pharmaceuticals (VRX) announced that it’s seeking to amend and restate its existing credit agreement and to borrow an additional $3.815 billion under the agreement
  • Gannett Co. (GCI) enters into agreement to acquire WordStream, Inc., a privately-held provider of cloud-based software-as-a-service (SaaS) applications for local and regional businesses and agencies, for 130 million in cash, plus up to an additional $20 million upon achieving certain revenue targets
  • The Royal Bank of Scotland (RBS) agrees to pay a civil cash penalty of $4.9 billion to the U.S. Department of Justice to resolve the company’s issuance and underwriting of U.S. residential mortgage-backed securities

May 9, 2018 Company and Stock News

  • Amazon.com announced that it’s opening interactive Amazon Experience Centers that will exhibit the company’s Alexa-enabled smart homes, whereby prospective homebuyers can ask Amazon’s Alexa voice-recognition device to control televisions, lights, thermostats and blinds in the model homes
  • Caesars Entertainment (CZR) and VICI Properties (VICI) enter into letter of intent under which VICI Properties will acquire assets associated with Caesar’s Octavius Tower at Caesars Palace and the real estate assets associated with Harrah’s Philadelphia for $507.5 million and $241.5 million, respectively
  • Sears Holdings (SHLD) announced that it’s working with Amazon.com to provide full-service tire installation and balancing services for customers who purchase any brand of tires on Amazon.com; additionally, Sears announced that its DieHard tires are now offered for sale on Amazon.com
  • Reuters reported that Alibaba Group Holding Ltd (BABA) acquired Pakistan-based Daraz Group, an operator of online marketplaces in Pakistan, Bangladesh, Myanmar, Sri Lanka and Nepal
  • Qualcomm (QCOM) announced that its Board of Directors approved a new $10 billion stock repurchase authorization that replaces the company’s previous $15 billion stock repurchase program, which had $1.2 billion of repurchase authority remaining

May 8, 2018 Company and Sttock News

  • Facebook (FB) says it’s introducing a new set of features for businesses using Instagram, including a feature than enables users to remind them to follow up on specified messages
  • Square (SQ) launches Square for Restaurants, a cloud-based, fully integrated point of sale service for full-service restaurants that enables restaurant managers to easily update menus and make changes to seating layouts remotely across multiple terminals and locations
  • Capital One (COF) sells $17 billion of first and second lien mortgages to DLJ Mortgage Capital, Inc.; says it expects to use proceeds from the sale to repurchase additional shares of its common stock
  • Helios and Matheson (HMNY) says it will need proceeds from sales of common stock to Canaccord Genuity, or other sources of capital, starting in May 2018 to offset its monthly cash deficit
  • Warrior Met Coal (HCC) announced that certain of its existing stockholders intend to offer 8,000,000 shares of the company’s common stock in an underwritten secondary offering of which the company intends to repurchase 500,000 shares of those shares
  • Arcadia Biosciences (RKDA) says field trials of rice crops that used its proprietary nitrogen inputs increased crop yields by an average of 25%

May 7, 2018 Company and Stock News

  • Blink Charging Co. (BLNK) deploys its electric vehicle charging stations at three of Amazon.com’s (AMZN) Whole Foods Markets
  • Nestle (NSRGY) and Starbucks (SBUX) enter into agreement for Nestle to market Starbucks’ products globally
  • Gramercy Property Trust (GPT) enters into definitive agreement with The Blackstone Group L.P. under which Blackstone will acquire all of Gramercy’s common stock for $27.50 per share, in cash
  • Reuters reported that Elliott Management Corporation made an offer to acquire athenahealth (ATHN) for $160 per share, in cash

May 4, 2018 Company and Stock News

  • Newell Brands (NWL) signs definitive agreement to sell its global consumer and commercial package manufacturing business for approximately $2.3 billion

May 3, 2018 Company and Stock News

  • TechCrunch reported that Facebook’s (FB) Instagram division added a payments feature to its application
  • Twitter (TWTR) reported that it discovered and corrected a software error in a computer program that incorrectly stored users’ passwords
  • Pool Corporation (POOL) announced that its Board of Directors authorized the company to purchase an additional $200 million of its stock under an existing share repurchase program

May 2, 2018 Company and Stock News

  • Macy’s (M) acquires STORY, a New York City retailer that changes the design and merchandise offerings of its store every four-to-eight week
  • Esperion Therapeutics (ESPR) announced that it experienced positive results from a Phase 3 study of the company’s drug for lowering cholesterol

May 1, 2018 Company and Stock News

  • Amazon (AMZN) says it plans to expand its Boston Tech Hub and to create an additional 2,000 technology jobs in machine learning, speech science, cloud computing, and robotics engineering
  • Hasbro (HAS) signs definitive agreement with Saban Properties LLC to purchase Saban’s Power Rangers brand, as well as several other brands, for a combination of cash and stock valued at $522 million
  • Mark Zuckerberg says Facebook (FB) plans to introduce a dating feature; separately, Reuters reported that the company is working on a new privacy control called “clear history” that will enable Facebook users to delete their browsing history

April 30, 2018 Company and Stock News

  • Marathon Petroleum (MPC) and Andeavor (ANDV) enter into definitive merger agreement under which Marathon will acquire Andeavor for 1.87 shares of Marathon’s stock, or $152.27 in cash
  • Marriott Vacations (VAC) and ILG Inc. (ILG) enter into definitive agreement under which Marriott will acquire all of the outstanding shares of ILG for $14.75 per share in cash and 0.165 shares of Marriott common stock
  • Chico’s FAS (CHS) announced that it will offer its apparel and accessories for purchase on Amazon.com
  • Chipotle Mexican Grill (CMG) says it’s partnering with DoorDash to deliver food and beverage items from more than 1,500 of the company’s restaurants
  • The Walt Disney Company (DIS) and Twitter (TWTR) enter into strategic agreement to create live content and advertising opportunities across the entire Disney portfolio on the Twitter platform
  • The Washington Post reported that WhatsApp co-founder Jan Koum is leaving Facebook (FB) after clashing with the company’s executives over the messaging service’s strategy and Facebook’s attempts to use its personal data and weaken its encryption
  • Oracle Corporation (ORCL) announced that it completed its acquisition of Vocado, a privately-held provider of student-centric, cloud-based financial aid services for higher education institutions
  • United Therapeutics (UTHR) and SteadyMed Ltd. (STDY) sign definitive merger agreement under which United Therapeutics will acquire SteadyMed for $4.46 per share in cash at the closing of the merger and an additional $2.63 per share in cash upon the achievement of a milestone

April 27, 2018 Company and Stock News

  • The Wall Street Journal reported that The Boeing Company (BA) is nearing a deal to buy aerospace-parts specialist KLX Inc.
  • PPG Industries (PPG) reported that it approved a business restructuring plan to reduce the size of its workforce by approximately 1,100 positions
  • CNBC reported that Sprint Corporation (S) is close to announcing plans to merge with T-Mobile US (TMUS) for $6.50 per share of T-Mobile’s stock
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