Company & Stock News

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July 19, 2018 Company and Stock News

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

July 18, 2018 Company and Stock News

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

July 17, 2018 Company and Stock News

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

July 16, 2018 Company and Stock News

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

June 22, 2018 Company and Stock News

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

June 15, 2018 Company and Stock News

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

June 14, 2018 Company and Stock News

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

June 13, 2013 Company and Stock News

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

June 12, 2018 Company and Stock News

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

June 11, 2018 Company and Stock News

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

June 8, 2018 Company and Stock News

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

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

June 7, 2018 Company and Stock News

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

June 6, 2018 Company and Stock News

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

June 5, 2018 Company and Stock News

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

June 4, 2018 Company and Stock News

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

June 1, 2018 Company and Stock News

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

May 31, 2018 Company and Stock News

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

May 30, 2018 Company and Stock News

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

May 29, 2018 Company and Stock News

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

May 25, 2018 Company and Stock News

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

May 24, 2018 Company and Stock News

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

May 23, 2018 Company and Stock News

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

May 22, 2018 Company and Stock News

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

May 21, 2018 Company and Stock News

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

May 18, 2018 Company and Stock News

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

May 17, 2018 Company and Stock News

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

May 16, 2016 Company and Stock News

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

May 15, 2018 Company and Stock News

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

May 14, 2014 Company and Stock News

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

May 11, 2018 Company and Stock News

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

May 10, 2018 Company and Stock News

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

May 9, 2018 Company and Stock News

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

May 8, 2018 Company and Sttock News

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

May 7, 2018 Company and Stock News

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

May 4, 2018 Company and Stock News

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

May 3, 2018 Company and Stock News

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

May 2, 2018 Company and Stock News

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

May 1, 2018 Company and Stock News

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

April 30, 2018 Company and Stock News

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

April 27, 2018 Company and Stock News

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

April 26, 2018 Company and Stock News

  • Whirlpool (WHR) commences modified Dutch Auction tender offer to purchase up to $1 billion of its common stock at a price not less than $150 nor greater than $170 per share
  • AbbVie (ABBV) says it plans to commence a modified Dutch Auction tender offer to purchase up to $7.5 billion of its common stock at a not-yet determined price
  • Snap (SNAP) announced that it’s now offering an improved version of its Spectacles product, which can take photos, record videos and is water-resistant, for $149.99
  • Helios & Matheson Analytics (HMNY) stated on its Internet web site that it’s now offering the company’s majority-owned theater subscription service, MoviePass, for $9.95 per month, which allows subscribers to watch up to four movies per month at participating theaters
  • Square (SQ) enters into definitive agreement to acquire Weebly, a privately-held provider of tools to easily build professional websites and online stores, for a combination of cash and Square stock valued at approximately $365 million
  • Amazon (AMZN) says it will increase the annual subscription fee for its Prime service to $119 per year, from $99 per year, effective May 11, 2018

April 25, 2018 Company and Stock News

  • United Parcel Service (UPS) says it’s offering a Voluntary Retirement Plan to a select group of the company’s employees in an effort to reduce its operating expenses
  • The Federal Trade Commission reported that it charged the LendingClub Corporation (LC) with falsely promising people they would receive a loan with “no hidden fees,” when, in actuality, the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans
  • MarketWatch reported that FirstEnergy Corp. (FE) informed the U.S. Nuclear Regulatory Commission of its decision to permanently deactivate its three nuclear power plants over the next three years

April 24, 2018 Company and Stock News

  • Caterpillar’s (CAT) senior management stated during the company’s first quarter 2018 earnings call that the first quarter was likely the “high-water” mark for 2018
  • Teradyne (TER) says it expects the demand for its mobile device testing services to decline sharply through the remainder of 2018; separately, the company stated that it expects to repurchase $750 million of its common stock during the remainder of this year
  • Mitel Networks (MITL) signs definitive agreement to be acquired by affiliates of Searchlight Capital Partners, L.P. for $11.15 per common share in cash
  • Amazon (AMZN) announced that its Amazon Key service now enables the company’s customers in 37 cities who own certain types of automobiles to have products that they purchase from the company delivered to and placed in their vehicle; separately, the company announced that its Prime members who reside in Denver, Sacramento and San Diego can now have groceries purchased from Whole Foods Market delivered to them for free within two hours of placing an order
  • LaSalle Hotel Properties (LHO) announced that it received a revised unsolicited proposal from Pebblebrook Hotel Trust (PEB) to acquire the company for 0.9085 common shares of Pebblebrook per common share of LaSalle
  • salesforce (CRM) says it plans to invest $2.2 billion in its French business operations over the next five years
  • Walmart (WMT) says it’s teaming with DoorDash to expand its online grocery delivery service to more than 40% of U.S. households by the end of 2018
  • CNBC reported that The Gap (GAP) plans to open 60 more stores in North America by the end of 2018, with a focus on the company’s Old Navy stores
  • The U.S. Securities and Exchange Commission announced Altaba Inc. (AABA), formerly known as Yahoo! Inc., agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s larger data breaches

April 23, 2018 Company and Stock News

  • Sears Holding (SHLD) says its Board of Directors received a letter from ESL Investments, Inc., whose CEO is also the CEO of Sears, stating that it thinks Sears should divest its Kenmore brand of products and related assets, as well as its Home Improvement business and its PartsDirect business, in an effort to improve the company’s debt and liquidity position; ESL stated that it would be willing to pay Sears for $500 million for those assets
  • MarketWatch reported that Walmart (WMT) is close to buying a majority interest in Flipkart, one of India’s leading e-commerce companies
  • Bloomberg reported that Amazon.com (AMZN) is planning to build a domestic robot that could navigate from room to room
  • Bloomberg reported that The European Commission began an “in depth investigation” into Apple’s (AAPL) plans to acquire music-recognition service Shazam, stating that the acquisition might give the company unfair access to commercially-sensitive information about users of rival music-streaming services
  • Henry Schein (HSIC) says it plans to spin off its Animal Health business for approximately $1-$1.25 billion in tax-free cash
  • CenterPoint Energy (CNP) and Vectren Corporation (VVC) enter into definitive merger agreement under which Vectren shareholders will receive $72.00 in cash for each share of Vectren common stock
  • Humana (HUM) and private investment firms TPG Capital and Welsh, Carson, Anderson & Stowe enter into definitive agreement to acquire Curo Health Services, a privately-held operator of 245 hospices in 22 U.S. states, for approximately $1.4 billion
  • McDermott International (MDR) announced that its Board of Directors rejected an unsolicited, non-binding proposal received from Subsea 7 S.A. to acquire all of the outstanding shares of McDermott common stock for $7.00 per share, and that it’s committed to merging with Chicago Bridge & Iron Company N.V.
  • Akorn (AKRX) files complaint in Delaware Chancery Court asking that Fresenius Kabi AG be required to fulfill its definitive merger agreement with the company
  • Public Service Enterprise Group’s (PEG) Electric and Gas subsidiary settles with the New Jersey Board of Public Utilities for a $1.875 billion plan to replace aging cast iron and unprotected steel gas pipes with plastic piping; Public Service says it expects to create approximately 3,200 jobs to complete the pipe replacement plan

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 agreement 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
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