Company & Stock News

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April 20, 2018 Company and Stock News

  • TransUnion (TRU) executes share purchase agreement to acquire U.K.-based Callcredit for £1 billion ($1.4 billion)
  • Bloomberg reported Wells Fargo & Company (WFC) agreed to pay a $1 billion fine to The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency (“OCC) for improperly charging thousands of the bank’s customers for auto insurance they didn’t need
  • The Kroger Co. (KR) announced that it completed the sale of its convenience store business unit to EG Group for $2.15 billion; additionally, the company stated that it will use proceeds from the sale to accelerate its stock repurchase program and to lower its net total debt to adjusted EBITDA ratio
  • USA Today reported that Verizon Communications (VZ) sold its Flickr unit to privately held SmugMug Inc.

April 19, 2018 Company and Stock News

  • Square (SQ) acquires certain assets of catering company Zesty in an effort to expand its food-ordering and delivery service
  • Shire (SHPG) announced that it received three conditional proposals from Takeda Pharmaceutical Company Ltd. regarding a potential acquisition offer from Takeda
  • Jana Partners LLC discloses a 9.1% ownership interest in Pinnacle Foods (PF)
  • Aceto Corporation (ACET) announced that it’s negotiating with its bank lenders to potentially waive the company’s credit agreement regarding its total net leverage and debt service coverage financial covenants; additionally, the company stated that the financial guidance that it issued on February 1, 2018 should no longer be relied upon

April 18, 2018 Company and Stock News

  • Bloomberg News reported that Facebook (FB) is seeking to design its own semiconductors for use in mobile electronic devices
  • Emerson Electric Co. (EMR) and Textron (TXT) sign definitive agreement for Emerson to purchase Textron’s Tools and Test Equipment business for $810 million
  • Home Depot (HD) says it’s hiring 1,000 new technology professionals to work at the company’s technology centers in Atlanta, Austin and Dallas
  • Herbalife (HLF) commences “modified Dutch auction” self-tender offer to purchase up to $600 million of the company’s common stock
  • Helios & Matheson (HMNY) enters into agreement to sell up to $150 million of its common stock
  • Norwegian Cruise Lines (NCLH) announced that its Board of Directors authorized the company to repurchase $1 billion of its common stock
  • Calithera Biosciences (CALA) announced that the U.S. Food and Drug Administration granted Fast Track designation for the company’s treatment for kidney cancer

April 17, 2018 Company and Stock News

  • Reuters reported that a U.S. federal judge ruled on Monday that Facebook (FB) must face a class action lawsuit regarding the company’s use of facial recognition technology
  • Roku (ROKU) announced that users of the company’s Roku player and Roku TV service now have access to The Walt Disney Company’s (DIS) ESPN+ service
  • Bloomberg News reported that Apple Inc. (AAPL) is planning to launch its own premium-subscription news service
  • Walmart (WMT) announced that beginning during May it will launch a more modern e-commerce site
  • Sequential Brands Group (SQGB) enters into multi-year agreement with Beiying Sports Technology Co., Ltd. to sell its AVIA branded footwear, apparel and accessories in China
  • Scotts Miracle-Gro (SMG) enters into definitive agreement to acquire the assets of Sunlight Supply Inc. for $425 million in cash and $25 million in Scott’s common stock
  • Rigel Pharmaceuticals (RIGL) announced that the U.S. Food and Drug Administration approved the company’s Tavalisse drug for thrombocytopenia, a disease that causes patients to bleed and bruise easily

April 16, 2018 Company and Stock News

  • Icahn Enterprises L.P. (IEP) enters into definitive agreement to sell its Tropicana Entertainment Inc. subsidiary to Gaming and Leisure Properties (GLPI) for approximately $1.85 billion
  • FireEye (FEYE) enters into strategic relationship with Oracle Corporation (ORCL) to offer additional security services for customers migrating to the cloud
  • Verizon Communications (VZ) reported that it purchased 5,100,308 shares of Helios & Matheson Analytics Inc.’s (HMNY) common stock, making it Helios & Matheson’s second-largest shareholder
  • Reuters reported that Tesla (TSLA) suspended production of its Model 3 sedan in an effort to “improve automation and systematically address bottlenecks”
  • Merck & Company (MRK) announced that a Phase 3 study showed that a cancer drug combination using its Keytruda treatment reduced patients’ risk of death by half
  • Alkermes (ALKS) announced that the U.S. Food and Drug Administration accepted for review the company’s new drug application or the treatment of Major Depressive Disorder (“MDD”)
  • Shire (SHPG) enters into definitive agreement to sell its oncology business to Servier Laboratories for $2.4 billion
  • Dynavax Technologies (DVAX) announced that a Phase 1b/2 study of the company’s immuno-oncology drug SD-101, in combination with Merck’s (MRK) KEYTRUDA® drug, showed encouraging response rates in patients with advanced head and neck cancer

April 13, 2018 Company and Stock News

  • CNBC reported that General Motors (GM) is reducing its workforce by up to 1,500 people at its Lordstown, Ohio factory, where the company produces the Chevrolet Cruze
  • Alaska Air (ALK) announced that its revenue passenger miles rose by 6.5% during March, as compared to the same month a year ago
  • Pulse Biosciences (PLSE) says it experienced positive results from a study of its treatment for skin lesions

April 12, 2018 Company and Stock News

  • Walmart (WMT) says it will spend approximately $200 million to open and remodel 43 of the company’s stores in Florida
  • VirnetX™ Holding Corporation (VHC) announced that a jury in the United States Court for the Eastern District of Texas awarded the company $502.6 million in a verdict against Apple (AAPL) for infringing four VirnetX patents
  • Broadcom (AVGO) announced that its Board of Directors authorized the company to repurchase up to $12 billion of its common stock
  • CNBC reported that Paul Jacobs, QUALCOMM Incorporated’s (QCOM) previous chairman, is having discussions with strategic investors and sovereign wealth funds in a bid to take the company private

April 11, 2018 Company and Stock News

  • International Data Corporation reported that Apple Inc.’s (AAPL) share of the personal computer market declined to 6.6%, while HP Inc.’s (HPQ) market share rose to 22.6%, for the quarter ended March 31, 2018
  • CVS Health (CVS) launches program to help the company’s customers and pharmacists to mitigate the rising costs of medications
  • JetBlue Airways (JBLU) announced that its revenue passenger miles rose by 7.3% during March, as compared to the same month a year ago
  • CNBC reported that Sears Holdings Corporation (SHLD) is working with Cushman & Wakefield and Real Insight Marketplace to auction 16 of the company’s retail stores. According to Cushman & Wakefield, approximately 200 investor groups have expressed interest in bidding on the properties.

April 10, 2018 Company and Stock News

  • Bloomberg News reported that VirnetX Holding Corporation (VHC) won a $502.6 million lawsuit against Apple Inc. (AAPL) after a federal jury in Texas said Apple infringed upon the company’s patents
  • Walmart (WMT) enters into strategic agreement with Postmates, a privately-held provider of on-demand delivery services, to expand Walmart’s Online Grocery Delivery option to more than 40% of U.S. households during the coming months
  • The Kroger Co. (KR ) says it’s hiring approximately 11,000 new employees, including approximately 2,000 people for management positions
  • Analogic (ALOG) enters into agreement with Altaris Capital Partners under which Altaris will acquire Analogic for $84.00 per share in cash
  • Icahn Enterprises L.P. (IEP) enters into definitive agreement to sell its indirect wholly-owned subsidiary Federal-Mogul LLC to Tenneco Inc. (TEN) for $5.4 billion
  • Mylan N.V. (MYL) announced that it’s acquiring the global marketing rights to Mapi Pharma Ltd.’s once-monthly treatment for multiple sclerosis
  • Karyopharm Therapeutics (KPTI) announced that the U.S. Food and Drug Administration granted Fast Track designation to the company’s treatment for blood cancer

April 9, 2018 Company and Stock News

  • Leucadia National Corporation (LUK) enters into definitive agreements to sell its 48% interest in National Beef Packing Company, LLC for approximately $900 million and to sell its 100% interests in Garcadia Motors LLC for $425 million; additionally, the company announced that it will ask its shareholders to change the name of the company to Jeffries Financial Group, Inc.
  • The Wall Street Journal reported that the U.S. Department of Justice decided to allow Bayer AG to acquire Monsanto Company (MON) in a deal valued at $60 billion
  • Energous Corporation (WATT) announced that the Federal Communications Commission (“FCC”) certified that the company’s WattUp® wire-free, power-at-a-distance charging technology is compliant with all of the FCC’s safety, electromagnetic compatibility and regulatory requirements
  • NIKE (NKE) announced that it acquired Israel-based Invertex Ltd., a privately-held Israel-based computer vision company
  • Verifone (PAY) enters into definitive agreement with Francisco Partners to be acquired by Francisco for $23.04 per share in cash
  • AveXis (AVXS) and Novartis AG (NVS) enter into agreement for Novartis to acquire AveXis for $218 per share in cash
  • Merck (MRK) says it experienced positive results from a Phase 3 trial of the company’s Keytruda drug for the treatment of non-small cell lung cancer
  • Therapix Biosciences (TRPX) says it experienced positive results from a Phase 2 Study of the company’s treatment for Torette syndrome
  • AbbVie (ABBV) says it experienced positive results from a Phase 3 Study of the company’s treatment for rheumatoid arthritis

April 6, 2018 Company and Stock News

  • Bloomberg News reported that Apple’s (AAPL) CEO Tim Cook is scheduled to attend a deposition regarding an ongoing legal dispute between the company and Qualcomm (QCOM)
  • American Airlines (AAL) orders 47 of Boeing’s (BA) 787 Dreamliner jets valued at approximately $12 billion
  • Southwest Airlines (LUV) says its revenue passenger miles rose by 3.7% during March, as compared to the same month a year ago
  • Reuters reported that Netflix (NFLX) is offering more than $300 million to acquire Regency Outdoor Advertising, a provider of billboards in and around Los Angeles
  • Reuters reported that SUPERVALUE INC. (SVU) is exploring a potential sale of the company

April 5, 2018 Company and Stock News

  • General Nutrition Corporation (GNC) announced that it will partner with U.K.-based Rapid Nutrition to distribute GNC products in Australia
  • MGM Growth Properties (MGP) enters into agreement with Milstein Entertainment LLC, which owns and operates the Hard Rock Rocksino Northfield Park near Cleveland, Ohio, to acquire the casino for approximately $1.06 billion
  • NetApp (NTAP) reported that its board of directors authorized the company to repurchase an additional $4 billion of its common stock
  • Sonoma Pharmaceuticals (SNOA) announced that the U.S. Food and Drug Administration approved the company’s post-therapy gel for the treatment of pain and itching caused by laser therapy procedures

April 4, 2018 Company and Stock News

  • Amazon (AMZN) says it plans to open a fourth customer-purchases fulfillment center in Las Vegas and to hire approximately 1,000 people to work at the facility
  • Facebook (FB) reported that information on 87 million of its users was shared with Cambridge Analytica; additionally, the company announced that it’s making several changes to information that it collects on its users and shares with other persons
  • Eli Lilly (LLY) announced that it experienced positive results from a Phase 3 study of the company’s Cyramza treatment for liver cancer; separately, the company announced that it entered into a strategic agreement with Sigilon Therapeutics to develop cell therapies for the potential treatment of type 1 diabetes
  • CVS Health (CVS) announced that it’s launching a new initiative to focus on chronic kidney disease and dialysis
  • JM Smucker (SJM) signs definitive agreement to acquire Ainsworth Pet Nutrition in a transaction valued at approximately $1.7 billion
  • Proteostasis Therapeutics (PTI) announced that that the U.S. Food and Drug Administration granted the company a Fast Track Designation for its treatment for cystic fibrosis

April 3, 2018 Company and Stock News

  • CNBC reported that Walmart (WMT) is having discussions to acquire PillPack, an online provider of pharmaceuticals
  • Tesla (TSLA) announced that its production of automobiles rose by 40%, to 34,494, during the three months ended March 31, 2017, as compared to the same period a year ago; on a negative note, the company’s delivery of autos to its customers were lower than Wall Street analysts had forecast

April 2, 2018 Company and Stock News

  • Bloomberg reported that Apple (AAPL) is considering replacing microprocessors produced by Intel Corporation (INTC) with its own chips for the company’s Mac line of personal computers
  • General Electric (GE) enters into definitive with an affiliate of Veritas Capital for Veritas to acquire GE’s Value-Based Care Division for $1.05 billion, in cash
  • GrubHub (GRUB) says it expanded its restaurant food-delivery service to 34 additional markets in 19 U.S. states during the quarter ended March 31, 2018
  • TechCrunch reported that The Walt Disney Company (DIS) plans to launch an ESPN streaming service for $4.99 per month beginning on April 12, 2018
  • CommVault Systems (CVLT) reported that Elliott Management released a letter stating its intention to nominate four candidates to Commvault’s Board of Directors and to initiate efforts to increase the company’s shareholder value
  • Acxiom Corporation (ACXM) announced that its Board of Directors authorized the company to increase its common stock repurchase program by $100 million to $500 million

March 30, 2018 Company and Stock News

  • MetLife (MET) and Tencent Holdings (TCEHY) enter into strategic partnership to provide travel insurance through Tencent’s WeSure online insurance platform
  • DTE Energy (DTE) submits plan to increase its carbon-free electricity for providing clean energy to approximately 800,000 homes in Michigan by the year 2022
  • JinkoSolar (JKS) and NextEra Energy (NEE) enter agreement whereby JinkoSolar will supply NextEra with up to 2,750 megawatts of high-efficiency solar modules, representing approximately 7 million solar panels, over the next four years; as part of the agreement, JinkoSolar will open its first U.S. factory in Jacksonville, Florida and hire approximately 200 people to work at the facility
  • Snap (SNAP) says it expects to save approximately $25 million through the remainder of 2018, and $34 during the year ahead, as a result of reducing the size of its workforce by approximately 220 persons during March 2018

March 29, 2018 Company and Stock News

  • CNBC reported that Microsoft (MSFT) is reorganizing and splitting into two operating divisions, with one division planning to focus on electronic devices and the other planning to focus on cloud and artificial intelligence offerings
  • Bloomberg reported that Snap Inc. (SNAP) is terminating approximately 100 employees that work in the company’s advertising department
  • TechCrunch reported that privately-held Bumble Trading Inc. filed a $400 million lawsuit against Match Group, Inc. (MTCH) for fraudulently obtaining trade secrets from the company
  • The Wall Street Journal reported that Tesla (TSLA) is voluntarily recalling 123,000 Model S cars due to a potential failure with its power-steering technology
  • The Wall Street Journal reported that Walmart (WMT) is holding discussions with Humana (HUM) to potentially acquire the health insurance company

March 28, 2018 Company and Stock News

  • Plantronics (PLT) enters into definitive agreement to acquire privately-held Polycom, Inc. for approximately $948 million in cash, $690 million of debt and 6.352 million shares of Plantronics’s stock
  • Concho Resources (CXO) and RSP Permian (RSPP): Concho Resources Inc. (CXO) and RSP Permian, Inc. (RSPP) enter into definitive agreement under which Concho will acquire RSP for 0.320 shares of Concho common stock for each share of RSP common stock

March 27, 2018 Company and Stock News

  • Apple (AAPL) unveils an updated version of the company’s iPad and Apple Pencil for a staring price of $329 and $99, respectively
  • TechCrunch.com reported that Alphabet Inc.’s (GOOG) Waymo unit has partnered with Jaguar Land Rover to bring to market a new version of its Waymo self-driving automobiles, the Jaguar I-PACE
  • Moody’s Investors Services announced that it downgraded Tesla, Inc.’s (TSLA) debt ratings as a result of a “significant shortfall in the production rate of the company’s Model 3 electric vehicle … [and] … liquidity pressures due to its large negative free cash flow ….”
  • Helios and Matheson (HMNY) announced that MoviePass™, the United States’ premier movie theater subscription in which the company owns a majority interest, entered into an agreement with Landmark Theatres, under which Landmark will provide electronic ticketing services and seating reservations to MoviePass’s subscribers
  • NVIDIA (NVDA) introduces a new computing platform that uses a server to run software to simulate self-driving automobile sensors, and a related server that processes the simulated data as if it were coming from the sensors of a car driving on the road; according to NVIDIA, the software enables the testing of billions of miles of driving scenarios
  • Novartis AG (NOVN) enters into agreement to sell its 36.5% ownership interest in a consumer-healthcare venture with GlaxoSmithKline plc (GSK) to Glaxo for $13 billion in cash
  • McCormick & Co. (MKC) says it plans to pay a $1,000 bonus to all of the company’s eligible hourly employees as a result of the Tax Cuts and Jobs Act of 2017
  • Brookfield Property (BPY) and GGP Inc. (GGP) enters into definitive agreement to acquire all of the outstanding shares of GGP Inc. (GGP) for $23.50 in cash, shares of Brookfield, or shares of a new U.S. real estate investment trust, at the discretion of GGP shareholders

March 26, 2017 Company and Stock News

  • CNBC reported that Tesla Inc.’s (TSLA) requested the company to slow its delivery of automobiles in Norway for the quarter ending March 31, 2018
  • FedEx Corporation (FDX) says it placed a reservation for 20 of Tesla Inc.’s (TSLA) electric semi trucks
  • The Finish Line (FINL) enters into agreement with UK-based JD Sports Fashion plc for JD Sports to acquire the company for $13.50 per share
  • Adobe Systems (ADBE) and Microsoft (MSFT) announced that they’re extending their strategic partnership in China
  • DarioHealth Corp. (DRIO) announced that the U.S. Food and Drug Administration granted the company the right to provide its glucose monitoring system on Apple Inc.’s (AAPL) iPhone 7, 8 and X devices

March 23, 2018 Company and Stock News

  • FastCompany.com reported that The Kroger Co. (KR) and Target (TGT) are discussing a possible merger; CNBC reported that the companies are instead discussing a potential strategic relationship regarding Shipt’s same-day delivery service
  • Bloomberg News reported that Apple (AAPL) is preparing to introduce new low-cost iPads and education software in a bid to win back students and teachers from Google and Microsoft
  • Helios & Matheson Analytics (HMNY) says MoviePass, its majority-owned theater subscription service, is offering, for a limited time, its annual subscription to new subscribers for $6.95 per month
  • The Boeing Company (BA) announced that All Nippon Airways placed a new order for two Boeing 777 Freighters valued at $678 million

March 22, 2018 Company and Stock News

  • MarketWatch reported that one of the Micron Technology’s (MU) production facilities is experiencing issues that will likely reduce its output of computer memory semiconductors for the quarter ending June 1, 2018
  • Duke Energy (DUK) creates strategic plan to mitigate risks from climate change, reduce carbon dioxide emissions and to prepare for the delivery of cleaner energy
  • Wayfair (W) says it’s opening a new customer service center in Big Flats, New York
  • Reuters reported that Bank of America Corporation (BAC) agreed to pay a $42 million fine to settle charges that it defrauded its institutional investment clients

March 21, 2018 Company and Stock News

  • Nordstrom (JWN) terminates discussions with members of the Nordstrom family regarding the family members’ offer to acquire the company, stating that the acquisition price offered was not acceptable
  • Southwest Airlines (LUV) says it expects the company’s revenues per available seat mile (“RASM”) for the quarter ending March 31, 2018 to be comparable to its Q1 2017 RASM
  • Sears Holdings (SHLD) completes private offers to exchange some of its debt for new debt and reached agreements to amend the terms of other borrowings; Sears stated that it expects the debt replacements and amendments to reduce its quarterly cash interest expenses by approximately $15 million
  • Pandora Media (P) says it will acquire AdsWizz, a privately-held provider of digital audio advertisement technology, for $145 million
  • Meredith Corporation (MDP) announced that eliminated 200 employment positions and that it will eliminate approximately 1,000 more positions over the next 10 months; additionally, the company stated that it’s exploring a sale of its TIME, Sports Illustrated, Fortune, and Money branded magazines

March 20, 2018 Company and Stock News

  • FedEx Corporation (FDX) says it will place 500 new FedEx Office locations within select domestic Walmart (WMT) stores nationwide during the next 24 months
  • TPG Pace Energy Holdings Corp. (TPGE) enters into agreement with funds managed by EnerVest Ltd. to acquire the oil and gas assets within EnerVest’s South Texas Division for $2.66 billion in cash and stock
  • General Dynamics (GD) and CSRA Inc. (CSRA) enter into definitive agreement under which General Dynamics will acquire all of CSRA’s outstanding stock for $41.25 per share, in cash
  • MuleSoft Inc. (MULE) and salesforce.com (CRM) enter into definitive agreement under which salesforce will acquire MuleSoft for $36 per share in cash and 0.0711 shares of salesforce common stock per MuleSoft Class A and Class B common share

March 19, 2018 Company and Stock News

  • Bloomberg News reported that Apple Inc. (AAPL) is designing, producing and testing its own next-generation MicroLED screens, which enable the production of slimmer, brighter and less power-hungry mobile electronic devices
  • Newell Brands (NWL) enters into a cooperation agreement with Carl Icahn, whereby it agreed to appoint four individuals designated by Mr. Icahn to its Board of Directors
  • KLA-Tencor (KLAC) and Orbotech Ltd. (ORBK) enter into definitive agreement pursuant to which KLA-Tencor will acquire Orbotech for $38.86 in cash and 0.25 shares of KLA-Tencor’s common stock in exchange for each ordinary share of Orbotech; KLA-Tencor stated that it plans to repurchase $2 billion of its common stock within 12-18 months following its acquisition of Orbotech
  • Walmart (WMT) says it’s expanding its Handy installation and assembly services for televisions and furniture available to more than 2,000 of the company’s stores
  • Macy’s (M) launches a mobile checkout feature that enables the company’s customers to use their mobile electronic devices to scan items that they choose to purchase, pay with a credit card to complete their purchase and then go to an in-store mobile checkout counter to have Macy’s employees verify and bag their purchases; additionally, the company announced that it’s expanding its 3-D, virtual-reality in-store furniture design program, which enables customers to place furnishings in a virtual room they design using a tablet computer
  • BlackBerry Ltd. (BB) forms strategic partnership with Microsoft Corporation (MSFT) to integrate Blackberry’s expertise in mobility and security with Microsoft’s cloud and productivity products
  • Fidelity National (FNF) and Stewart Information (STC): Fidelity National Financial (FNF) and Stewart Information Services Corporation (STC) enter into definitive agreement whereby Fidelity National will acquire Stewart for $25.00 per share in cash and 0.6425 common shares of Fidelity’s stock

March 16, 2018 Company and Stock News

  • Johnson & Johnson (JNJ) says it received a binding offer from Platinum Equity to acquire its LifeScan business for approximately $2.1 billion
  • The Financial Times reported that the former chairman of Qualcomm Incorporated (QCOM), Paul Jacobs, has approached several companies, including Japan’s SoftBank Group, with the goal of acquiring the company

March 15, 2016 Company and Stock News

  • Bloomberg News reported that a former director of business development at Walmart Inc. (WMT) claims that he was terminated after raising concerns about the company’s “overly aggressive push to show meteoric growth in its e-commerce business by any means possible – even, illegitimate ones”
  • SUPERVALU (SVU) enters into three separate agreements with Harris Teeter, The Kroger Co., and Food Lion to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million in cash
  • The Kroger Co. (KR) announced that its board of directors authorized the company to repurchase $1 billion of its common stock

March 14, 2018 Company and Stock New

  • Signet Jewelers (SIG) says it’s launching a strategy to increase the company’s earnings by investing in ecommerce and new store concepts, relocating to non-mall locations, and closing more than 200 of the company’s stores
  • Starboard Value LP announced that that three members of Newell Brands, Inc.’s (NWL) board of directors have pledged to purchase $25 million of the company’s stock if Starboard succeeds in its goal of replacing Newell’s other board members
  • Reuters reported that France’s Prime Minister said the country’s government will sue Apple Inc. (AAPL) and Alphabet Inc. (GOOG) on abusive trade practices
  • The Walt Disney Co. (DIS) announced that it’s reorganizing its businesses into four segments: the company’s newly-formed Direct-to-Consumer and International unit; the combined Parks, Experiences and Consumer Products unit; Media Networks segment; and a Studio Entertainment unit
  • CNBC reported that Tesla Inc. (TSLA) is producing a high volume of flawed parts and automobiles that require costly repairs
  • Palo Alto Networks (PANW) enters into definitive agreement to acquire Evident.io, a privately-held provider of cloud services infrastructure protection, for $300 million

March 13, 2018 Company and Stock News

  • Reuters reported that Israeli cyber security research firm CTS-Labs claimed that it found flaws in Advanced Micro Devices, Inc.’s (AMD) microprocessors that make them vulnerable to hacks
  • Proteostasis Therapeutics (PTI) announced that the U.S. Food and Drug Administration granted the company’s cystic fibrosis treatment a “Breakthrough Therapy Designation”, meaning that it can expedite the development that treatment

March 12, 2018 Company and Stock News

  • Lumentum Holdings (LITE) and Oclaro, Inc. (OCLR) sign definitive agreement for Lumentum to acquire all of Oclaro’s outstanding common stock for $5.60 per share in cash and 0.0636 shares of Lumentum common stock
  • The Clorox Company (CLX) enters into definitive agreement to acquire Nutranext, a privately-held manufacturer of dietary supplements, for $700 million
  • Biogen (BIIB) enters into agreement to acquire Pfizer Inc.’s receptor potentiator for cognitive impairment associated with schizophrenia for an upfront payment of $75 million and up to $515 million in milestone payments

March 9, 2018 Company and Stock News

  • Bloomberg News reported that Facebook Inc. (FB) reached a deal with Major League Baseball for exclusive rights to stream 25 afternoon games on the company’s social network in the United States
  • Dana Incorporated (DAN) signs definitive agreement to combine with the Driveline division of GKN plc (LON: GKN) $1.6 billion in cash and 133 million newly issued Dana shares

March 8, 2018 Company and Stock News

  • Cigna Corporation (CI) and Express Scripts Holdings Company (ESRX) enter into definitive agreement whereby Cigna will acquire Express Scripts for $48.75 per share in cash and 0.2434 shares of stock of the new combined company
  • Agilent Technologies (A) signs definitive agreement to acquire privately-held Advanced Analytical Technologies, Inc., a provider of applications that automatically analyze molecules, for $250 million in cash
  • Dollar General Corporation (DG) says it’s now offering two weeks of paid time off for parental leave and eight weeks of paid time off for maternity leave
  • L Brands (LB) authorizes a new $250 million share repurchase program
  • Hess Corporation (HESS) announced that its board of directors authorized the company to repurchase $1 billion of its common stock by the end of 2018
  • Tesla (TSLA) reported that its chief operating officer, Eric Branderiz, left the company for personal reasons

March 7, 2018 Company and Stock News

  • Reuters reported that Snap Inc. (SNAP) will terminate 120 of its engineers and reorganize its engineering team
  • Inovalon Holdings (INOV) enters into definitive agreement to acquire ABILITY Network, a privately-held provider of cloud-based software-as-a-service (SaaS) technology, for $1.2 billion in cash and 7.6 million shares of the company’s restricted stock
  • Fortive Corporation (FTV) and Altra Industrial Motion Corp. (AINC) enter into definitive agreement to combine four of Fortive’s operating units with Altra Industrial Motion Corp. for approximately $3 billion consisting of 1.4 billion in cash and $1.6 billion in newly issued common stock
  • Rent-A-Center (RCII) says it’s reducing the size of its workforce by approximately 25% at the company’s corporate headquarters, which involves 250 employees, in an effort to reduce its operating expenses

March 6, 2018 Company and Stock News

  • General Electric (GE) says it plans to integrate project44’s logistic network to link the company’s commercial transportation software applications to provide a more predictable and reliable port-to-door supply chain ecosystem
  • Reuters reported that BlackBerry Ltd. (BB) filed a patent infringement lawsuit against Facebook Inc (FB) and its WhatsApp and Instagram apps, claiming that Facebook copied technology and features from BlackBerry’s Messenger service
  • Target Corporation (T) announced several initiatives as part of a multiyear strategy, including expanding its delivery fulfillment options and increasing its starting minimum wage to $12
  • CommerceHub (CHUBA) signs definitive agreement to be acquired by affiliates of private-equity firms GTCR and Sycamore for $22.75 per share of the company’s common stock
  • Amedica Corporation (AMDA) announced that the U.S. Food and Drug Administration cleared the company’s spinal fusion implant device

March 5, 2018 Company and Stock News

  • Coindesk.com reported that PayPal (PYPL) filed a patent application with the U.S. Patent and Trademark Office regarding a system that would reportedly increase substantially the speed of making transactions with crypto currencies
  • Walmart (WMT) says it plans to begin offering meal kits at more than 2,000 of its stores and via the company’s Online Grocery Pickup site for a price of $8-$15
  • Nordstrom (JWN) announced that a Special Committee of the company’s Board of Directors rejected an offer made by members of the Nordstrom family to acquire all of the company’s common stock that they do no own currently for $50 per share

March 2, 2018 Company and Stock News

  • J.C. Penney (JCP) eliminates approximately 130 positions at its corporate headquarters and 230 other management positions
  • Cheddar.com reported that Snap Inc. (SNAP) is working on new versions of its Spectacles wearable camera

March 1, 2018 Company and Stock News

  • Netflix (NFLX) enters into strategic partnership with the United Kingdom’s SKY TV service to bundle its movie and TV subscription service with Sky’s offerings
  • Harley-Davidson (HOG) makes equity investment in Alta Motors, a leading designer of electric motorcycles
  • AmTrust Financial (AFSI) enters into definitive agreement with Evergreen Parent, L.P. under which Evergreen will acquire approximately 45% of AmTrust’s common shares that the Karfunkel-Zyskind Family and certain of its affiliates do not own or control for $13.50 per share
  • Brunswick Corporation (BC) announced that its board of directors authorized the company to spin off its fitness business into an independent, standalone, publicly traded company
  • Microchip Technology (MCHP) and Microsemi Corp. (MSCC) sign definitive agreement pursuant to which Microchip will acquire Microsemi for $68.78 per share in cash

February 28, 2018 Company and Stock News

  • Walmart (WMT) launches first digital brand, Allswell, a collection of bedding and mattresses
  • The TJX Companies (TJX) says it plans to repurchase approximately $2.5-$3.0 billion of the company’s stock and that it intends to increase its quarterly cash dividend by 25% to $0.39 per share; additionally, the company announced several new employee benefits

February 27, 2018 Company and Stock News

  • The Walt Disney Company (DIS) announced that it plans to invest 2 billion euro to expand the company’s Disneyland Paris theme park beginning during the year 2021
  • iRobot (IRBT) announced that its board of directors authorized the company to repurchase up to $50 million of its common stock
  • Splunk (SPLK) enters into definitive agreement to acquire Phantom Cyber Corporation, a provider of internet security applications, for $350 million
  • Boeing (BA): The Boeing Company (BA) announced that it will build the next generation of U.S. Air Force One
  • The Atlanta Journal-Constitution reported that The Coca-Cola Company (KO) says it will cut up to 350 management positions, primarily in its Atlanta headquarters, during the next three months
  • Bloomberg News reported that Amazon.com (AMZN) agreed to acquire Ring Inc., a privately-held provider of home security products that incorporate outdoor motion based cameras and doorbells, for approximately $1 billion
  • TiVo (TIVO): TiVo Corporation (TIVO) says it’s evaluating strategic alternatives to increase the market value of its stock, including acquisitions, merging with another company, or becoming a privately-held company
  • Ocwen Financial (OCN) and PHH Corp. (PHH) enter into definitive agreement under which Ocwen will acquire all of PHH Corp.’s common stock for $11 per share in an all cash transaction valued at $360 million

February 26, 2018 Company and Stock News

  • GTT Communications (GTT) enters into definitive agreement to acquire Interoute, one of Europe’s larger providers of fiber networks and cloud networking platforms, for approximately $2.3 billion
  • HRG Group (HRG) and Spectrum Brands (SPB) enter into definitive agreement to combine the two companies
  • AMC Networks (AMCS) says it’s proposing to acquire all of the outstanding shares of RLJ Entertainment (RLJE) that it doesn’t already own for $4.25 per share

February 23, 2018 Company and Stock News

  • Reuters reported that a group of Nordstrom’s (JWN) founding family is finalizing plans to take the company private
  • General Mills (GIS) and Blue Buffalo (BUFF) enter into definitive agreement under which General Mills will acquire Blue Buffalo for $40.00 per share in cash

February 22, 2018 Company and Stock News

  • Recode.com reported that Amazon.com (AMZN) plans to open up to six of its cashierless Amazon Go stores this year
  • United Parcel Service (UPS) and Workhorse Group (WKHS) announced that they’re collaborating to design new electric vehicles, and that UPS plans to deploy 50 of those vehicles, which are approximately 400% more fuel-efficient than comparable diesel vehicles
  • Sprouts Farmers Market (SFM) announced that its Board of Directors authorized the company to repurchase up to an additional $350 million of its common stock

February 20, 2018 Company and Stock News

  • QUALCOMM (QCOM) reaches agreement to acquire NXP Semiconductors N.V. (NXPI) for $127.50 per share of NXP’s stock
  • Fogo de Chão (FOGO) agrees to be acquired by Rhône Capital for $15.75 per share
  • Ubiquiti Networks (UBNT) reported that the U.S. Securities and Exchange Commission issued subpoenas to the company and certain of its officers requesting documents and information regarding its accounting practices, financial information and auditors

February 16, 2018 Company and Stock News

  • Helios & Matheson (HMNY) says it now owns approximately 78% of MoviePass, a provider of movie-theater subscription services
  • FirstEnergy Corp. (FE) says it plans to deactivate its coal-fired Pleasants Power Station in Willow Island, West Virginia

February 15, 2015 Company and Stock News

  • Sears Holdings (SHLD) says it expects to report operating earnings in a range of negative $10 million to positive $10 million, excluding asset impairment charges, gains from sales of assets, depreciation, and amortization expenses, on revenues of $4.4 billion, for the quarter ended December 31, 2017
  • Wyndham Worldwide (WYN) enters into definitive agreement to sell its European vacation rental business to Platinum Equity, LLC for approximately $1.3 billion
  • Oracle (ORCL) signs agreement to acquire Zenedge, a privately-held provider of cloud-based, artificial intelligence security applications
  • LyondellBasell Industries (LYB) and A. Schulman (SHLM) enter into definitive agreement under which LyondellBasell will acquire all of A. Schulman’s common stock for $42 per share (approximately $2.25 billion)
  • Noble Energy (NBL) signs agreement to sell its Gulf of Mexico deepwater assets to Fieldwood Energy LLC for $710 million; separately, the company announced that its board of directors authorized it to repurchase $750 million of its stock
  • Alaska Air Group (ALK) says its revenue passenger miles rose by 3.5% during January
  • Roche Holding (RHHBY) signs agreement to acquire Flatiron Health, Inc., a privately-held provider of electronic health records software
  • AbbVie (ABBV) announced that its board of directors authorized the company to increase its quarterly cash dividend by 35% to $0.96, from $0.70, and for the company to repurchase $10 billion of its stock
  • Wendy’s (WEN): The Wendy’s Company (WEN) announced that its board of directors authorized a 21% increase in the company’s quarterly cash dividend to $.085, from $.0.07, and for the company to repurchase up to $175 million of its common stock

February 14, 2018 Company and Stock News

  • Granite Construction (GVA) and Layne Christensen (LAYN) enter into definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million
  • QUALCOMM (QCOM) says its board of directors will meet “to determine next steps” regarding Broadcom’s (AVGO) offer to acquire the company
  • Universal Display (OLED) signs agreements with Samsung Display Co., Ltd. to continue to supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Samsung through December 31, 2022
  • Genesco (GCO) says it’s initiating a formal process to explore the sale of the company’s Lids Sports Group business
  • Lear Corporation (LEA) announced that its board of directors authorized the company to repurchase $1.5 billion of its stock through December 31, 2020 and to raise its quarterly cash dividend by 40% to $0.70 per share
  • Celgene Corporation (CELG) announced that its board of directors authorized the company to repurchase an additional $5 billion of its common stock
  • CNBC reported that Amazon.com (AMZN) has partnered with Bank of America Corporation (BAC) to provide loans to merchants

February 13, 2018 Company and Stock News

  • JetBlue (JBLU) announced that its revenue passenger miles declined by 1.7% during January
  • Fitbit (FIT) says it will acquire Twine Health, a privately-held provider of health coaching services that focuses on persons who have chronic health conditions
  • PepsiCo (PEP) announced that its board of directors approved a new stock repurchase program that provides for the repurchase of up to $15 billion of the company’s common stock
  • Caterpillar (CAT) reported that its rolling 3-month retail sales ended January 31, 2018 rose by 34%, as compared to the same period a year ago
  • Kemper Corporation (KMPR) and Infinity Property and Casualty Corporation (IPCC) enter into definitive merger agreement under which Kemper will acquire Infinity for billion (approximately $1.4 billion)

February 12, 2018 Company and Stock News

  • Helios & Matheson (HMNY), the majority owner of MoviePass™, announced that MoviePass signed multiple distribution agreements during the past few weeks with several Hollywood studios and more than 1,000 independent movie theaters; separately, TechCrunch reported that MoviePass formed a strategic relationship with Fandor, a privately-held distributor of independent films, classic movies, foreign films and documentaries
  • Oracle (ORCL) says it plans to open new datacenter regions and increase the breadth and depth of its Oracle Cloud services in Asia, Europe, and the Americas
  • emarket.com reported that Facebook (FB) is losing younger users at a faster pace that it had estimated
  • The Seattle Times reported that Amazon.com (AMZN) is laying off hundreds of employees at the company’s corporate headquarters; separately, TechCrunch reported that Amazon is working on integrated circuits that would enable its Alexa voice-recognition device to more quickly provide answers to questions presented by its users
  • MetLife (MET) says it will increase its minimum wage to $15 per hour, establish a $75,000 life-insurance benefit for all of its employees and make a $300 per employee monthly contribution to the company’s defined benefit pension plan as a result of the Tax Cuts and Jobs Act of 2017
  • Iconix Brand (ICON) announced that it entered into a $110 million debt exchange agreement with the company’s creditors, initiated a $12 million cost savings plan and entered into a distribution agreement with Target Corporation for the company’s Umbro soccer apparel
  • The Wall Street Journal reported that Walgreens Boots Alliance (WBA) made an offer to acquire AmerisourceBergen Corporation (ABC)
  • Sears Holdings (SHLD) announced that it entered into a strategic partnership with fuboTV, a subscription-based provider of streaming sports channels, to provide access to Sears’ Shop Your Way members to fuboTV’s video service

February 9, 2018 Company and Stock News

  • The Wall Street Journal reported that Amazon.com (AMZN) is preparing to launch a delivery service for businesses
  • TechCrunch.com reported that a federal judge ruled that a food-deliverer and plaintiff against GrubHub (GRUB) who claimed he was an employee of the company was an independent contractor
  • Juniper Networks (JNPR) says it received a letter from the U.S. Department of Justice (“DOJ”) notifying the company that the DOJ closed its investigation of the company regarding possible violations of the U.S. Foreign Corrupt Practices Act
  • The Wall Street Journal reported that Airbus Group experienced a problem with an engine made for its A320neo aircraft by United Technologies Corporation’s (UTX) Pratt & Whitney unit

February 8, 2018 Company and Stock News

  • GrubHub (GRUB) and Yum! Brands (YUM) enter into strategic partnership whereby GrubHub will provide online ordering for pickup and delivery of food offerings from Yum! Brands’ restaurants
  • Salesforce.com (CRM) says it plans to invest $2 billion over the next five years in its Canadian business
  • The Wall Street Journal reported that The Boeing Company (BA) held discussions over the past several months to acquire Woodward, Inc. (WWD), the world’s largest independent manufacturer of control systems for aircraft engines, industrial engines, and mobile industrial equipment

February 7, 2018 Company and Stock News

  • Anadarko Petroleum’s (APC board of directors authorized the company to increase its previously-announced $2.5 billion share-repurchase program by $500 million to $3 billion
  • Bloomberg News reported that Tesla’s (TSLA) President of Global Sales, Jonathan McNeill, is leaving the company to join Lyft Inc
  • Chipotle Mexican Grill (CMG) says it will pay a special one-time cash bonus of up to $1,000 and a one-time stock grant to qualified employees as a result of the Tax Cuts and Jobs Act of 2017
  • NRG Energy (NRG) enters into agreement to sell its ownership interest in NRG Yield, the holding company for the company’s power generation assets, as well as its renewable energy business, to Global Infrastructure Partners for $1.377 billion
  • Gilead Sciences (GILD) announced that the U.S. Food and Drug Administration approved the company’s Biktarvy® drug for the treatment of HIV-1

February 6, 2018 Company and Stock News

  • Walmart (WMT) announced that it acquired Spatialand, a privately-held developer of virtual reality software
  • Allergan (AGN) says it experienced positive results from a Phase 3 Clinical Trial of the company’s ubrogepant treatment for migraines
  • Overstock.com (OSTK) and Siebert Financial (SIEB) nnounced that they launched an online discounted financial market trading platform
  • Proofpoint (PFPT) enters into definitive agreement to acquire Wombat Security Technologies, Inc., a privately-held provider of cyber-security applications

February 5, 2018 Company and Stock News

  • Arconic (ARNC) announced that its Board of Directors authorized the company to repurchase up to $500 million of its outstanding common stock and to reduce its debt by $500
  • Broadcom (AVGO) says it made a final offer to acquire all of the outstanding common stock of QUALCOMM (QCOM) Incorporated for $82 per share
  • The Kroger Co. (KR) signs definitive agreement to sell its convenience store business to EG Group for $2.15 billion
  • Wells Fargo (WFC) says sanctions issued by the Federal Reserve might reduce the company’s 2018 net income by up to $400 million
  • Viacom (VIAB) closes a deal with Telefónica to make a wide range of its TV channels and content available for streaming in Latin America
  • Bristol-Myers (BMY) says it experienced positive results from a Phase 3 trial of the company’s Opdivo and Yervoy cancer drug combination

February 2, 2018 Company and Stock News

  • International Data Corporation announced today that Apple Inc.’s (AAPL) sales of smartphones surpassed Samsung’s sales of such devices during the fourth quarter of 2017
  • VMware’s CEO, Pat Gelsinger, responds to Dell Technologies Inc.’s filing with the U.S. Securities and Exchange Commission regarding a potential business combination with VMware

February 1, 2018 Company and Stock News

  • Take-Two Interactive (TTWO) says it has delayed the launch of its Red Dead Redemption 2 video game until October 26, 2018
  • Oracle’s (ORCL) board of directors authorized the company to repurchase up to $12.0 billion of its common stock under an existing share repurchase program
  • Allergan plc (AGN) and Teva Pharmaceutical (TEVA) enter into settlement agreement whereby Allergan will make a one-time payment of $700 million to Teva and the companies will jointly dismiss their working capital dispute arbitration

January 31, 2018 Company and Stock News

  • Cummins (CMI) acquires Johnson Matthey’s UK automotive battery systems business
  • Pandora Media (P) says it will immediately eliminate certain employment positions and implement other cost-saving measures that it expects to reduce the company’s operating expenses by approximately $45 million per year

January 29, 2018 Company and Stock News

  • NIKKEI Asian Review reported that Apple (AAPL) will reduce its production target for the company’s iPhone X by 50% during the three months ending March 31, 2018
  • Dr. Pepper Snapple (DPS) enters into agreement to merge with Maple Parent Holdings Corp., the owner of Keurig Green Mountain
  • CNBC reported that VMware (VMW) and Dell Technologies, Inc. are considering a reverse-merger whereby Dell would acquire all of the common shares of VMware that it doesn’t already own.
  • Exxon Mobile (XOM) says it plans to invest more than $50 billion in the United States over the next five years as a result of the Tax Cuts and Jobs Act of 2017
  • Reuters reported that Japan-based Renesas Electronics Corporation is in discussions to acquire Maxim Integrated Products (MXIM)

January 26, 2018 Company and Stock News

  • FedEx (FDX) says it will increase its employees’ compensation by $200 million and contribute $1.5 billion to the company’s pension plan during 2018
  • Wal-Mart (WMT) enters into strategic relationship with Japan’s Rakuten to launch a new online grocery delivery service in Japan; company is laying off 400-500 of its corporate staff this week
  • Yum! Brands (YUM) increases its quarterly cash dividend by 20%
  • Lowe’s (LOW) announced that its Board of Directors authorized the company to repurchase $5 billion of its common stock in addition to the $2.1 billion authorization that remains on a prior repurchase program

January 25, 2018 Company and Stock News

  • Fiat Chrysler (FCAU) says it will make average profit sharing payments of $5,500 to approximately 40,000 employees on February 16 and pay a $2,000 bonus to 60,000 hourly and salaried employees during the second quarter of 2018 as a result of the recently passed Tax Cuts and Jobs Act of 2017
  • Home Depot (HD) says it plans to provide a one-time cash bonus to all of the company’s hourly employees by January 31, 2018 as a result of the Tax Cuts and Jobs Act of 2017
  • Reuters reported that The Kroger Co. (KR) and Alibaba Group (BABA) have had early discussions on working together
  • Newell Brands (NWL): Newell Brands Inc. announced that it will explore a series of strategic initiatives to accelerate its transformation plan, improve operational performance and enhance shareholder value; separately, the company stated that it expects to report normalized earnings per share in a range of $2.72-$2.76 on a 0.8% increase in its core sales for the year ended December 31, 2017
  • CNBC reported that Tesla Inc. (TSLA) is experiencing problems at its Gigafactory in Sparks, Nevada that might cause further delays and quality issues for the company’s Model 3 sedan
  • Square (SQ) announced that it acquired certain assets of Entrees On-Trays, a restaurant delivery service that serves the Dallas-Fort Worth area
  • Helios & Matheson (HMNY), the majority owner of MoviePass, filed a shelf registration with the U.S. Securities and Exchange Commission to sell up to $400 million of its common stock

January 24, 2018 Company and Stock News

  • Starbucks (SBUX) says it will increase the wages of its employees, provide them with a $500 stock grant and create more than 8,000 new jobs
  • Apple (AAPL) now providing medical records on iPhones, says it will soon launch Business Chat
  • Lowe’s (LOW) says it’s hiring more than 53,000 seasonal employees for the March to September home improvement season
  • The Wall Street Journal reported that Toys “R” Us will close up to 182 stores as part of its plan to emerge from Chapter 11 bankruptcy
  • Campbell Soup (CPB) says it plans to close its manufacturing facility in Toronto to improve the operational efficiency of its North American supply chain network
  • Discover Financial (DFS) says it plans to raise the company’s minimum wage to $15.25 per hour
  • CNBC reported that Electronic Arts (EA) is delaying the launch of its “Anthem” game until early 2019
  • Cerus Corporation (CERS) says it experienced positive results from a Phase 3 clinical trial of the company’s treatment for anemia

January 23, 2018 Company and Stock News

  • JPMorgan Chase (JPM) says it plans to invest $20 billion in the U.S. economy over the next five years, including the opening of up to 400 new branch banks and hiring 4,000 new employees
  • Fitch Ratings downgrades Sears Holdings (SHLD) Long-Term Issuer Default Ratings to “C”, from “CC”
  • The Walt Disney Company (DIS) says it will pay a $1,000 cash bonus to all non-executive U.S. employees who have been with the company since January 1, 2018
  • Valero Energy (VLO) announced that its Board of Directors authorized the company to repurchase $2.5 billion of its stock in addition to the $1.2 billion repurchase authority that remains under a previously-announced stock repurchase program
  • Sigma Designs (SIGM) says it will sell its Z-Wave business to Silicon Laboratories (SLAB) for $240 million and that it will then initiate a plan of liquidation

January 22, 2018 Company and Stock News

  • Celgene (CELG) and Juno Therapeutics (JUNO) enter into definitive merger agreement whereby Celgene will acquire Juno for $87 per share in cash, or approximately $9 billion
  • American International Group (AIG) and Validus Holdings Ltd (VR) enter into definitive agreement whereby American International will acquire Validus for $68.00 per share, in cash, or $5.56 billion
  • Nuance Communications (NUAN) says it expects to report adjusted earnings per share in a range of $0.26-$0.27 on adjusted revenues of $507-$510 million for the quarter ended December 31, 2017
  • FirstEnergy Corporation (FE) announced that affiliates of Elliott Management Corporation, Bluescape Energy Partners LLC and Zimmer Partners, LP invested $2.5 billion into the company
  • Adobe Systems (ADBE) raised its diluted earnings per share estimate for the company’s fiscal year ending December 1, 2018 to $4.72, from an earlier estimate of $4.40

January 19, 2019 Company and Stock News

  • Macrumors.com reported that Apple (AAPL) receives approval of its HomePod smart-speaker from the Federal Communications Commission
  • Amazon (AMZN) raised its monthly fee for the company’s Prime membership service for new customers to $12.99, from $10.99
  • Genesee & Wyoming (GWR) announced that its North America carload rose by 4.7% for the quarter ended December 31, 2017, as compared to the same period a year ago
  • Lincoln Financial (LNC) enters into definitive agreement to acquire Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Group for approximately $3.3 billion

January 18, 2018 Company and Stock News

  • Apple (AAPL) says it will contribute more than $350 billion over the next five years to the U.S. economy
  • La Quinta Holdings (LQ) and Wyndham Worldwide (WYN) entered into definitive agreement whereby Wyndham will acquire La Quinta’s hotel franchise and hotel management businesses for $1.95 billion in cash
  • Tivo (TIVO) announced that Alphabet’s (GOOG) Google unit expanded its multi-year patent license agreement to expressly include YouTube TV
  • Sprint (S) enters into new multi-year business agreement with Cox Communications that will enable Sprint to leverage Cox’s broadband infrastructure to accelerate an increase in the size of its network
  • Facebook (FB) launches new software application for its WhatsApp segment designed to help small businesses to more easily connect with their customers
  • (IFMK) says it will provide Western Union™ (WU) services at the company’s supermarkets

January 17, 2018 Company and Stock News

  • General Electric (GE) reported that it recorded an $8.9 billion increase in its future policy benefit reserves and a $0.6 billion asset impairment charge regarding the company’s North American Life and Health (“NALH”) insurance business; as a result of the benefit reserve increase and impairment charge, the company stated that it will record a $6.2 billion charge to its fourth-quarter 2017 after-tax earnings
  • Morgan Stanley analyst Katy Huberty wrote in a research note that sales of Apple Inc.’s iPhone X in China is outpacing sales of its iPhone 8 and 8 Plus

January 16, 2018 Company and Stock News

  • Energizer Holdings (ENR) and Spectrum Brands (SPB) enter into definitive agreement under which Energizer will acquire Spectrum Brands’ Global Battery and Portable Lighting Business for $2.0 billion in cash
  • Visteon Corp. (VC) announced that its board of directors authorized the company to repurchase up to $500 million of its common stock through the year 2020 in addition to the $400 million authorized during January 2017
  • Energy Transfer Partners (ETP), Energy Transfer Equity (ETE) and USA Compression Partners (USAC) enter into a transaction whereby USA Compression Partners will acquire Energy Transfer Partners’ compression business for approximately $1.8 billion, and Energy Transfer Equity L.P. will acquire the ownership interests in the general partner of USA Compression
  • Avis Budget (CAR) says it expects to report pretax income in a range of $205-$215 million and adjusted pretax income in a range of $340-$350 million on revenues of approximately $8.85 billion for the year ended December 31, 2017; in comparison, Wall Street analysts were estimating, on average for the company to report $8.81 billion in full-year revenues
  • Merck & Co. (MRK) says it experienced positive results from a Phase 3 clinical trial of the company’s Keytruda drug for persons with lung cancer
  • The Bon-Ton Stores (BONT) announced that it entered into forbearance agreements with its ABL Credit Agreement lenders and an ad hoc group of holders of approximately 75% in aggregate principal amount of the company’s 8.0% Second Lien Secured Notes due 2021

January 12, 2018 Company and Stock News

  • Wal-Mart (WMT) says it will close 63 of the company’s Sam’s Club stores and convert up to 12 of the impacted stores to eCommerce fulfillment centers
  • Moody’s Investors Service announced that it downgraded the senior unsecured ratings of Teva Pharmaceutical Industries (TEVA) to Ba2 from Baa3

January 11, 2018 Company and Stock News

  • DST Systems (DST) and SS&C Technologies (SSNC) enter into definitive agreement whereby SS&C will acquire DST for $84 per share in an all-cash transaction valued at approximately $5.4 billion
  • Wal-Mart (WMT) says it plans to increase the starting wage rate for all hourly associates in the U.S. to $11 during the week beginning February 12; will pay a $1,000 cash bonus to employees who have been with the company for at least 20 years
  • Buffalo Wild Wings (BWLD) says it expects to report a 1.6%-1.7% decline in its same-store sales for the year ended December 31, 2017, as compared to the same period during 2016
  • Fiat Chrysler (FCA) says it will invest more than $1 billion to modernize the company’s Warren Truck Assembly Plant in Michigan to produce its next generation Ram Heavy Duty truck and will create 2,500 jobs to support the increased production; additionally, the company will pay a special $2,000 bonus to approximately 60,000 FCA hourly and salaried employees in the U.S.
  • Boston Scientific Corporation (BSX) announced that the U.S. Food and Drug Administration approved the company’s Spectra WaveWriter™ Spinal Cord Stimulator System

January 10, 2018 Company and Stock News

  • Sears Holdings (SHLD) says it raised $100 million in new financing and is pursuing an additional $200 million from other counterparties; the company outlined incremental actions to further streamline its operations, including cost reductions unrelated to store closures of $200 million on an annualized basis during 2018
  • United Continental (UAL) announced that its revenue passenger miles rose by 2.7% during December, as compared to the same month a year ago
  • American Airlines (AAL) estimates that its revenue per available seat mile rose by 5%-6% for the quarter ended December 31, 2017, as compared to the same period a year ago
  • Signet Jewelers (SIG) announced that its same-store sales declined by 5.3%, and that its total sales declined by 3.1%, for the 2017 winter holiday shopping season, as compared to the same period a year ago; the company raised its earnings per share outlook to a range of $6.45-$6.50, from an earlier estimate of $6.10-$6.50, in response to a likely decline in its effective income-tax rate

January 9, 2018 Company and Stock News

  • Express, Inc. (EXPR) says it expects to report net income in a range of $24.5-$26 million and diluted earnings per share in a range of $0.31-$0.33 for the quarter ending January 31, 2018; in comparison, Wall Street analysts were estimating, on average, for the company to report diluted earnings per share of $0.43
  • Target (TGT) says its comparable sales in the combined November-December period rose by 3.4%; company raises its estimated adjusted earnings per share for the quarter ending January 31, 2018 to a range of $1.30-$1.40, from an earlier estimate of $1.05-$1.25
  • Helios & Matheson (HMNY) says its majority-owned subsidiary MoviePass™ added another 500,000 new paying subscribers since December 12, 2017, growing its movie theater subscription services to approximately 1.5 million subscribers
  • Sprouts Farmers Market (SFM) says it expects to report comparable store sales growth of 4.6% and 2.9% for the quarter and year ended December 31, 2017, respectively; the company added that it will expand its home delivery service to major markets across the United States through a new partnership with Instacart

    Altice USA (ATUS) announced that it will separate from its parent company Altice NV via a corporate spinoff

January 8, 2018 Company and Stock News

  • Kohl’s (KSS) announced that its revenues for November and December 2017 combined rose 6.9%, as compared to the same period a year ago; company raised its diluted earnings per share estimate for the 12 months ending January 31, 2018
  • lululemon (LULU) raises earnings and revenue estimates for the quarter ending January 31, 2018
  • Darden Restaurants (DRI) increases its adjusted diluted earnings per share from continuing operations estimate for the company’s fiscal year ending May 31, 2018 to a range of $4.70-$4.78, from a prior estimate of $4.45-$4.53
  • Walgreens (WBA) says it expects to realize a cash tax benefit in excess of $200 million as a result of the Tax Cuts and Jobs Act of 2017; company raises adjusted diluted earnings per share for its fiscal year ending August 31, 2018
  • Dave & Buster’s (PLAY) lowers its net income and revenues estimates for the three months ending January 31, 2018 to a range of $108-$110 million on revenues of $1.138-$1.142 billion, from a prior estimate of $110-$112 million on revenues of $1.148-$1.155 billion
  • GoPro (GPRO) says it expects to report $340 million in revenues for the quarter ended December 31, 2017; company plans to reduce workforce and record $23-$33 million restructuring charge during the first quarter of 2018

January 4, 2018 Company and Stock News

  • Carnival Corporation (CCL) says it will launch four new cruise ships during 2018 across four of its global brands
  • Sears Holdings (SHLD) says will close 64 Kmart stores and 39 Sears stores by April 2018
  • JetBlue Airways (JBLU) says it plans to distribute a $1,000 bonus by the end of February to all of the company’s 21,000 crewmembers as a result of the recently passed tax bill

January 3, 2018 Company and Stock News

  • American Airlines (AAL) says it will pay a $1,000 bonus to each of the company’s employees during the first quarter of 2018 as a result of the recently-passed tax bill
  • Tesla (TSLA) delivers 29,870 vehicles during the quarter ended December 31, 2017; in comparison, Wall Street analysts were estimating for the company to deliver 30,000 vehicles
  • Dominion Energy (D) and SCANA Corp. (SCG) agree to combine in a stock-for-stock merger

    Valeant Pharmaceuticals (VRX) announced that it paid down an additional $300 million of the company’s senior secured term loans

  • Pfizer (PFE) and Sangamo Therapeutics (SGMO) enter into agreement to collaborate on a potential gene therapy to treat two neurodegenerative disorders, amyotrophic lateral sclerosis and frontotemporal lobar degeneration
  • Verizon (VZ) expands its strategic partnership with A+E Networks content to the company’s customers
  • Allergan (AGN) says it intends to reduce the size of its workforce by approximately 1,000 as part of a corporate restructuring plan

January 2, 2018 Company and Stock News

  • Amazon (AMZN) says it shipped more than five billion items via the company’s Prime membership service during 2017
  • Nordstrom (JWN) says it will hire 250 employees for its first stand-alone Men’s Store in New York, which will open in mid-town Manhattan during April 2018
  • Zions Bancorp (ZION) increases the salaries of more than 40% of its workforce, and says it will provide $1,000 bonuses during 2018 to approximately 80% of the company’s employees as a result of the Tax Cuts and Jobs Act of 2017
  • Antero Midstream (AMPG) increases its long-term distribution per share targets for 2018 through 2020 as a result of the reduction in the U.S. federal corporate tax rate
  • TechCrunch reported that Apple (AAPL) acquired Buddybuild, a provider of continuous integration and debugging tools that help software application developers to simplify their workflow and to distribute new software applications
  • Southwest Airlines (LUV) says it will pay a $1,000 bonus to all of the company’s employees as a result of the recently passed tax bill

December 28, 2017 Company and Stock News

  • Apple (AAPL) apologizes for software updates that caused older iPhones to experience longer launch times for applications and reductions in overall performance; company is reducing the price of an out-of-warranty iPhone battery replacement to $29 from $79
  • GBH Insights analyst Daniel Ives estimates that Amazon.com (AMZN) received between 45% and 50% of all online retail sales this winter holiday shopping season

December 27, 2017 Company and Stock News

  • KeyBanc Capital Markets analyst Brad Erickson says Tesla, Inc.’s (TSLA) fourth quarter deliveries of the company’s Model 3 sedans will be lower than Wall Street analysts are estimating
  • Counterpoint Research reported that Apple Inc.’s (AAPL) share of the smartphone market declined to 60% for the quarter ended September 30, 2017 from 86% for the same period a year ago

December 26, 2017 Company and Stock News

  • Energous Corp.’s (WATT) announced that the Federal Communications Commission certified its WattUp Mid Field transmitter, which can which can wirelessly charge multiple electronic devices simultaneously from distances up to three feet
  • KLX Inc. (KLX) says it’s exploring strategic alternatives for the company to maximize shareholder value, including a potential sale of the company or one of its business divisions
  • Hubbell (HUBB) enters into definitive agreement to acquire Aclara Technologies LLC, an affiliate of Sun Capital Partners, Inc., for approximately $1.1 billion in an all-cash transaction
  • Mallinckrodt plc (MNK) and Sucampo Pharmaceuticals (SCMP) enter into agreement under which Mallinckrodt will acquire Sucampo for approximately $18 per common share or approximately $1.2 billion
  • DelMar Pharmaceuticals (DMPI) announced that the U.S. Food and Drug Administration granted the company a Fast Track designation for its VAL-083 treatment for brain and spinal cord cancer

December 22, 2017 Company and Stock News

  • PNC Financial (PNC) says it will pay a $1,000 bonus to approximately 47,500 employees, provide an additional $1,500 to employees’ defined benefit pension plans and raise the company’s minimum wage to $15 an hour as a result of today’s passage of the tax-reform bill
  • TechCrunch reported that Amazon.com acquired Blink, a privately-held provider of Wi-Fi home security cameras video doorbells
  • Party City (PRTY) purchases 19.8 million of its common stock from Advent-Party City Acquisition Limited Partnership for $12.20 per share, or $242 million; company enters into agreement to acquire MG Novelty Corporation
  • Merck (MRK) and Pfizer (PFE) announced that the U.S. Food and Drug Administration approved the companies’ jointly-developed STEGLATROTM tablets for the treatment of diabetes
  • UnitedHealth Group (UNH) signs definitive agreement to acquire Empresas Banmédica, a leading health care provider and insurer operating in Chile, Colombia and Peru, for approximately $2.8 million
  • Ignyta (RXDX) enters into definitive agreement with Roche Holding AG for Roche to acquire the company for $27 per share
  • Agile Therapeutics (AGRX) says the U.S. Food and Drug Administration did not approve the company’s Twirla contraceptive patch

December 21, 2017 Company and Stock News

  • Comcast (CMCSA) says it will pay a special $1,000 bonus to more than one 100,000 employees as a result of tax-reform bill
  • Recode.net reported that Wal-Mart (WMT) is testing a personal shopping service for high net-worth moms, enabling them to make purchases through text messaging
  • Varity reported that three Amazon Studios (AMZN) executive are leaving the company to join Apple Inc. (AAPL)
  • Boeing (BA) and Embraer (ERJ) announced that they are engaged in discussions regarding a potential combination
  • Aeterna Zentaris (AEZS) announced that the U.S. Food and Drug Administration granted marketing approval for the company’s Macrilen™ drug for the diagnosis of people with adult growth hormone deficiency
  • La Jolla Pharmaceutical (LJPC) announced that the U.S. Food and Drug Administration approved the company’s Giapreza™ drug to increase blood pressure in adults with septic or other distributive shock
  • Biogen (BIIB) says it experienced disappointing results from a Phase 2 clinical study of the company’s Alzheimer’s drug
  • Celgene (CELG) says it experienced disappointing results fro a Phase 3 study of its Revlimid cancer drug

December 20, 2017 Company and Stock News

  • A&T (T) says it plans to invest an additional $1 billion in the United States during 2018, and to pay a special $1,000 bonus to more than 200,000 employees, once President Trump signs into law the Republicans’ tax-reform bill
  • Boeing (BA) says it will donate $100 million to charitable programs and invest $200 million in workforce development programs and company facilities as a result of today’s passage of the Republicans’ tax-reform bill
  • Wells Fargo (WFC) says once President Trump signs the U.S. Congress’ tax-reform bill it will raise its minimum hourly wage to $15 per hour, target $400 million in donations to charitable programs and target $100 million over the next three years in projects to support the growth of diverse small businesses

December 19, 2017 Company and Stock News

  • United Parcel Service (UPS) announced that it placed a reservation for 125 of Tesla Inc.’s (TSLA) electric Semi tractors
  • Bloomberg reported that Alphabet Inc.’s (GOOG) YouTube unit is planning to launch a fee-based music service during early 2018, and that the company signed agreements with Universal Music Group and Sony Music Entertainment for providing professional music videos on YouTube
  • McDermott International (MDR) and Chicago Bridge & Iron (CBI) agree to merge in an all-stock transaction
  • Jack in the Box (JACK) enters into definitive agreement to sell its Qdoba Restaurant subsidiary to Apollo Global Management, LLC for approximately $305 million in cash
  • Kindred Healthcare (KND) enters into definitive agreement to be acquired by a consortium of TPG Capital; Welsh, Carson, Anderson & Stowe; and Humana Inc. (HUM) for approximately $4.1 billion in cash
  • Spark Therapeutics (ONCE) announced that the U.S. Food and Drug Administration approved the company’s treatment for inherited retinal disease, a disease that usually leads to complete blindness
  • Aerie Pharmaceuticals (AERI) announced that the U.S. Food and Drug Administration approved the company’s Rhopressa® drug for the lowering of elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension

December 18, 2017 Company and Stock News

  • The AES Corporation (AES) enters into an agreement to sell its 51% ownership interest in Masin-AES Petroleum, Ltd. to SMC Global Power Holdings Corporation for $1.05 billion
  • Amplify Snacks (BETR) and Hershey (HSY) enter into definitive agreement under which Hershey will acquire all outstanding shares of Amplify for $12.00 per share in cash
  • Campbell Soup (CPB) and Snyder’s-Lance (LNCE) enter into agreement for Campbell to acquire Snyder’s-Lance for $50.00 per share in an all-cash transaction
  • Total System Services (TSS) enters into agreement to acquire Cayan, a privately-held payment technology company, in an all cash transaction valued at approximately $1.05 billion
  • Liberty Global (LBTYA) announced that it its Board of Directors authorized the company to repurchase $2 billion of its Class A and Class C stock
  • Fifth Third Bancorp (FITB) enters into stock repurchase agreement with Morgan Stanley & Co. LLC pursuant to repurchase approximately $273 million of its outstanding common stock
  • Pfizer (PFE) announced that its Board of Directors authorized the company to repurchase $10 billion of the company’s stock in addition to the $6.4 billion authorized under its existing repurchase plan

December 15, 2017 Company and Stock News

  • Marathon Petroleum (MPC) signs definitive agreement to exchange its general partner interests in MPLX LP (MPLX) for 275 million newly issued MPLX common units valued at approximately $10.1 billion
  • Waste Management (WM) announced that its Board of Directors approved the company to repurchase $1.25 billion of its common stock

December 14, 2017 Company and Stock News

  • Apple (AAPL) makes major update to its professional video editing application, Final Cut Pro X
  • Snap (SNAP) launches Lens Studio, a tool that enables users to create augmented-reality lenses for its Snapchat application
  • Sears Holdings (SHLD) says some of its DieHard products are now available for purchase on Amazon.com; batteries and automobile tires will be offered via Amazon.com during early 2018
  • Teva Pharmaceutical (TEVA) says it’s implementing a comprehensive restructuring plan in an effort to reduce the company’s cost base by $3 billion by the end of 2019
  • Humana (HUM): Humana Inc. announced that its board of directors approved a $3 billion share repurchase authorization with an expiration date of December 31, 2020, replacing its previous $2.25 billion share repurchase authorization.

December 13, 2013 Company and Stock News

  • Helios & & Matheson (HMNY) says it’s partnering with Costco Wholesale (COST) to offer one-year subscription plans to the company’s movie-theater subscription service for a flat fee of $89.99
  • Sears Holdings (SHLD) enters into agreement to extend the maturity of its existing term loan to January 2019; additionally, the company says it intends to obtain a new secured credit facility to fund $407 million into its pension plans
  • Target (TGT) signs agreement to acquire Shipt, Inc., a privately-held online provider of delivery services, for $550 million in cash
  • T-Mobile (TMUS) signs definitive agreement to acquire Layer3 TV, a privately-held integrator of television, streaming online video and social media content
  • Stemline Therapeutics (STML) says it experienced positive results from a study of its treatment for leukemia

December 12, 2017 Company and Stock News

  • Reuters reported that PepsiCo, Inc. reserved 100 of Tesla Inc’s (TSLA) new electric semi trucks to add to its current fleet of approximately 10,000 semi trucks
  • Trinity Industries (TRN) says it’s planning to spin off the company’s infrastructure-related businesses by June 2018 and to then operate two separate public companies – a rail leasing, manufacturing and services business, and a company focused on infrastructure
  • Proteostasis Therapeutics (PTI) says it experienced positive results from Phase 2 and Phase 3 studies of the company’s treatment for cystic fibrosis
  • GlycoMimetics (GLYC) announced that it experienced positive results from a Phase 1/2 Trial of its treatment for leukemia

December 11, 2017 Company and Stock News

  • Apple (AAPL) confirms that it acquired Shazam Entertainment Ltd., a developer of software that enables users to identify any song, TV show or film within a few seconds by listening to an audio clip and to then provide suggested content related to those songs, shows or films
  • Verizon (VZ) enters into multi-year strategic partnership with the National Football League to stream NFL games beginning January 2018
  • 3M Company (MMM) enters into definitive agreement to sell substantially all of the company’s Communication Markets Division to Corning Incorporated (GLW) for $900 million
  • Arch Coal (ARCH) enters into stock repurchase agreement with Monarch Alternative Capital LP to repurchase from Monarch 500,000 shares of its common stock at a purchase price of $83.03 per share
  • CNBC reported that J.C. Penney Company (JCP) formed a strategic partnership with Bombfell, a privately-held online provider of menswear styling and delivery services, to provide Bombfell’s services to J.C. Penney’s customers
  • The Boeing Company (BA) announced that its board of directors authorized the company to replace its existing $14 billion stock repurchase program with a new $18 billion repurchase program
  • LKQ Corporation (LKQ) signs definitive agreement to acquire Stahlgruber GmbH, a European wholesale distributor of aftermarket spare parts for passenger cars, tools, capital equipment and accessories, in a deal valued at approximately €1.5 billion ($1.77 billion)
  • Iron Mountain Inc. (IRM) enters into definitive agreement to acquire the U.S. operations of IO Data Centers LLC, an operator of data center services, for $1.315 billion plus up to $60 million based on future performance
  • Mattel (MAT): Moody’s Investors Service reduced its credits rating on Mattel’s (MAT) senior unsecured bonds to Ba3 from Baa3 and its rating on the company’s short-term debt securities to Not Prime from Prime-3
  • Teva Pharmaceutical (TEVA) launches a generic version of Viagra® for the treatment of erectile dysfunction
  • UniQure (QURE) says it experienced positive results of a Phase 1/2 trial of the company’s treatment for hemophelia B

December 8, 2017 Company and Stock News

  • Gilead Sciences (GILD) enters into definitive agreement to acquire Cell Design Labs, Inc., a privately-held cell therapy company, for up to $567 million
  • Amazon (AMZN) that it’s expanding the company’s Amazon Music Unlimited music streaming service to 28 additional countries
  • TechCrunch reported that Apple (AAPL) is close to acquiring Shazam Entertainment Ltd., a privately-held developer of a software application that enables users to identify any song, TV show or film within a few seconds by listening to an audio clip and to then provide suggested content related to those songs, shows or films
  • Universal Display (OLED) enters into long-term agreement with BOE Technology Group Co. Ltd to supply phosphorescent organic light-emitting diode (“OLED”) materials to BOE for use in its video display semiconductors
  • Honeywell (HON) signs agreement with FLUX Information Technology, a Chinese provider of warehouse management and supply chain software, to acquire a 25% ownership interest in the Chinese warehouse management and supply chain software company; separately, the company announced that its Board of Directors authorized it to repurchase up to $8 billion of its common stock
  • Investors Bancorp (ISBC) says it plans to reduce the size of its workforce by 5% by the end of 2017 and to close six of the company’s branch offices during March 2018
  • MSG Networks (MSGN): MSG Networks Inc. announced that its Board of Directors authorized the company to repurchase up to $150 million of its Class A common stock

December 7, 2017 Company and Stock News

  • General Electric (GE) says it plans to reduce its global workforce by approximately 12,000 people
  • Ciena Corporation (CIEN) announced that its Board of Directors authorized the company to repurchase up to $300 million of its common stock
  • American Tower (AMT) announced that its Board of Directors authorized the company to repurchase up to $2.0 billion of its common stock in addition to the $345 million stock buybacks remaining under its existing stock repurchase program
  • Johnson Controls (JCI) announced that its Board of Directors authorized the company to repurchase $1 billion of its common stock in addition to the $200 million authorization remaining under its existing stock repurchase program
  • United Continental (UAL) announced that its Board of Directors authorized the company to repurchase $3 billion of its common stock
  • Edwards Lifesciences (EW) announced that its Board of Directors authorized the company to repurchase $1 billion of its common stock
  • Entellus Medical (ENTL) and Stryker Corporation (SYK) enter into definitive agreement under which Stryker will acquire Entellus for $24.00 per share
  • Reuters reported that Pandora Media (P) is planning to acquire an advertising-technology company
  • Sage Therapeutics (SAGE) says it experienced positive results from a Phase 2 study of the company’s treatment for depression

December 6, 2017 Company and Stock News

  • Home Depot (HD) says it intends to repurchase an additional $2.1 billion of its common stock by January 31, 2018, bringing its total fiscal 2017 share repurchases to $8 billion; board of directors approves new $15 billion share repurchase program
  • T-Mobile (TMUS) announced that its board of directors authorized the company to repurchase up to $1.5 billion of its common stock through December 31, 2018
  • Amazon (AMZN) announced that its Prime Video application is now available on Apple TV in over 100 countries
  • Reuters reported that Ford Motor Company (F) is prepared to sign a partnership with Alibaba Group Holding (BABA) that would enable the company to sell its automobiles through Alibaba’s Tmall
  • Evercore ISI analyst Anthony DiClemente initiated coverage of Snap Inc. (SNAP with an Underperform rating and a price target of $7

December 5, 2017 Company and Stock News

  • Reuters reported that General Electric (GE) is planning to reduce its workforce by 4,500 people in Switzerland, Germany and Great Britain
  • Alphabet (GOOG) announced that it will block its YouTube video streaming application from Amazon.com’s (AMZN) Echo Show and Fire TV devices
  • Ford Motor Company (F) says it plans to introduce more than 50 new vehicles in China by 2025, including eight new SUVs and at least 15 electrified vehicles
  • Cascend Securities analyst Eric Ross downgraded Tesla Inc.’s (TSLA) common stock to “sell”, from “hold”
  • Facebook (FB) announced that users of Instagram Stories will now have their posts automatically saved to a private archive after 24 hours and will be able to pin “Stories” content to the top of their profiles for an extended period of time
  • Mastercard’s (MA) board of directors authorizes the company to repurchase up to $4 billion of its Class A common stock
  • The Buckle, Inc. (BKE) announced that its board of directors authorized the company to pay a $1.75 per share special cash dividend
  • Paccar (PCAR) announced that its board of directors declared an extra cash dividend in the amount $1.20 per share
  • Revance Therapeutics (RVNC) says it experienced positive results from a Phase 3 trial of the company’s injection for reducing frown lines or wrinkles between eyebrows

December 4, 2017 Company and Stock News

  • Aetna (AET) and CVS Health (CVS) enter into definitive agreement under which CVS will acquire all outstanding shares of Aetna for $145 per share in cash and 0.8378 shares of CVS’s stock
  • Delta Air Lines’ (DAL) revenue passenger miles increase by 3.5% during November, as compared to the same month a year ago; company receives approval from U.S. Department of Transportation to form joint venture with Korean Air
  • Broadcom (AVGO) announced that it notified Qualcomm Incorporated (QCOM) of its intention to nominate 11 independent individuals for election to Qualcomm’s Board of Directors
  • Hartford Financial (HIG) enters into definitive agreement to sell Talcott Resolution, its run-off life insurance and annuity businesses, to a group of investment firms for $2.05 billion; company expects to report a net loss of approximately $3.2 billion for the quarter ending December 31, 2017
  • Valeant Pharmaceuticals (VRX) announced that it’s offering $1,000,000,000 aggregate principal amount of unsecured senior notes due 2025, and to use proceeds of the offering to repurchase $1,000,000,000 aggregate principal amount of its outstanding 5.375% senior notes due 2020
  • ConocoPhillips (COP) announced that the Republic of Ecuador agreed to pay the company $337 million to settle a dispute regarding Ecuador’s unlawful expropriation of the company’s oil investments there
  • GNC Holdings (GNC) decides to not proceed with its previously announced plans to issue senior secured notes due 2022; company retains Goldman Sachs to help the company to evaluate alternatives to enhance shareholder value

December 1, 2017 Company and Stock News

  • American Woodwork (AMWD) enters into definitive agreement to acquire RSI Home Products, Inc., a privately-held manufacturer of kitchen and bath cabinetry and home storage products, for $346 million in cash and approximately $140 million in American Woodwork’s stock
  • The Dow Chemical Company (DWDP), a subsidiary of DowDuPont Inc., announced that it completed the divestiture of a portion of its Dow AgroSciences’ corn seed business in Brazil
  • The Wendy’s Company (WEN) says it’s partnering with DoorDash to offer its customers home delivery of food and beverage purchases
  • Macy’s (M) says it plans to hire an additional 7,000 seasonal associates for the 2017 Christmas and holiday season
  • Lannett Company (LCI) enters into agreement with Aralez Pharmaceuticals Trading DAC to become the exclusive distributor in the United States of the authorized generic version of Toprol-XL®, a treatment for high blood pressure, angina and heart failure
  • The Chemours Company (CC) says it expects to report full-year 2017 adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) of approximately $1.4 billion and to report adjusted EBITDA in a range of $1.7-$1.85 billion for the year ending December 31, 2018; additionally, the company announced that its board of directors authorized it to repurchase $500 million of its stock and that it approved an increase in the company’s quarterly cash dividend to $0.17 per share, from $0.03 per share

November 30, 2017 Company and Stock News

  • MarketWatch reported that Time Inc. (TIME) is selling its “Sunset” lifestyle brand to Los Angeles-based private equity firm Regent L.P.
  • CNBC reported that Amazon.com (AMZN) is in discussions with Mylan NV (MYL) and Novartis AG (NVS) regarding a potential entry by the company into the pharmacy business

November 29, 2017 Company and Stock News

  • Regal Entertainment (RGC) says it’s considering a potential acquisition of the company by Cineworld Group plc at a price of $23.00 per share
  • Snap (SNAP) announced that it improved the company’s photo-sharing and video application by separating content from Internet publishers and users’ personal contacts
  • Rite Aid (RAD) completes pilot closing and first subsequent closings with Walgreens Boots Alliance (RAD), resulting in the transfer of 97 Rite Aid stores and related assets to Walgreens
  • Melinta Therapeutics (MLNT) and The Medicines Co. (MDCO) enter into definitive agreement under which Melinta will acquire Medicines Company’s infectious disease business for $270 million in upfront consideration, $270 of guaranteed payments and royalty payments
  • Capricor Therapeutics (CAPR) announced that the U.S. Food and Drug Administration cleared its application to conduct a new clinical trial of the company’s treatment for muscular dystrophy

November 28, 2017 Company and Stock News

  • The Wall Street Journal reported that Wells Fargo & Company (WFC) employees overcharged 88% of the bank’s foreign-currency-exchange customers in an effort to increase their bonuses
  • Roark Capital Group enters into definitive agreement to acquire Buffalo Wild Wings (BWLD) for $157 per share in cash in a transaction valued at approximately $2.9 billion
  • Emerson Electric Co. (EMR) withdraws its offer to acquire Rockwell Automation (TOK)
  • Christopher & Banks (CBK) engages commercial real estate company to solicit interest in a sale and leaseback of the company’s corporate facility in Plymouth, Minnesota
  • Viking Therapeutics (VKTX) says it experienced positive results from a Phase 2 study of the company’s treatment for muscle and bone disorders
  • Apollo Endosurgery (APEN) announced that the U.S. Food and Drug Administration approved the company’s request to market its OverStitch Sx flexible endoscopic system
  • Merck & Co. (MRK) announced that its board of directors authorized the company to purchase an additional $10 billion of the company’s stock
  • General Electric (GE): Fitch Ratings announced downgrades’ General Electric’s (GE) Long- and Short-Term Issuer Default Ratings
  • eBay (EBAY) partners with Alphabet (GOOG) to offer personalized shopping experiences for its customers using Alphabet’s Google Assistant
  • Autodesk (ADSK) says it plans to implement restructuring activities and to record associated restructuring charges in a range of $$135-$149 million

November 27, 2017 Company and Stock News

  • Meredith Corporation to acquire Time Inc. (TIME) for $18.50 per share in an all-cash transaction valued at $2.8 billion
  • General Electric (GE) to use NIVIDIA’s (NVDA) artificial-intelligence (“AI”) software and new imaging processors in its medical imaging devices
  • Nuance Communications (NAUN) to use NVIDIA’s (NVDA) analytical algorithm software in its diagnostic imaging applications
  • Sears Holdings (SHLD) offering free home delivery for online purchases totaling more than $399 for Sears and Kmart shoppers who purchase such items with a Sears’ credit card
  • Thomas Bravo, LLC enters into definitive agreement to acquire Barracuda Networks (CUDA) for $27.55 per share in an all-cash transaction valued at $1.6 billion
  • Alkermes (ALKS) and Biogen (BIIB) enter into global license and collaboration agreement to develop and commercialize Alkermes’ drug for the treatment of multiple sclerosis
  • Teva Pharmaceutical (TEVA) says it will immediately implement a major reorganization, including changes to the company’s management structure and operating divisions

November 24, 2017 Company and Stock News

  • TechCrunch reported that the entry-level version of Tesla Inc.’s (TSLA) new semi truck, which can travel 300 miles before recharging, will be priced at $150,000, while the 500-mile version will be priced at $180,000

November 22, 2017 Company and Stock News

  • Rockwell Automation (ROK) rejects Emerson Electric Co.’s (ROK) bid to acquire the company
  • TechCrunch reported that Apple (AAPL) acquired Vrvana Inc., a privately-held maker of an augmented-reality headset called Totem, for approximately $30 million
  • CNBC reported that Cerner Corporation (CERN) is planning to team with Amazon.com (AMZN) to enable health-care providers to use Cerner’s data via Amazon’s cloud
  • Reuters reported that Broadcom Limited (AVGO) is considering raising its offer to acquire QUALCOMM (QCOM)
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