Company & Stock News

* Click on the Dates below for News Details *

January 19, 2018 Company and Stock News

January 19, 2018 Apple (AAPL): Apple Inc. announced that it will contribute more than $350 billion over the next five years, excluding the company’s tax payments and sales of its products. Specifically, the company stated that...

January 17, 2018 Company and Stock News

January 17, 2018 General Electric (GE): General Electric 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...

January 16, 2018 Company and Stock News

January 16, 2018 Energizer Holdings (ENR) and Spectrum Brands (SPB): Energizer Holdings, Inc. and Spectrum Brands Holdings, Inc. announced that the companies entered into a definitive agreement under which Energizer will acquire...

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)

November 21, 2017 Company and Stock News

  • U.S. Food and Drug Administration approves ViiV Healthcare’s Juluca treatment for HIV; ViiV is a joint-venture owned by GlaxoSmithKline (GSK) and Pfizer (PFE)
  • Stone Energy Corporation (SGY) says it will merge with Talos Energy LLC in an all-stock transaction
  • Hewlett Packard Enterprise Company (HPE) appoints Antonio Neri to replace Meg Whitman as the company’s CEO
  • United States International Trade Commission rules in favor of TiVo Corporation (TIVO) regarding the company’s patent infringement suit against Comcast Corporation (CMCSA)

November 20, 2017 Company and Stock News

  • Bloomberg News reported that the U.S. Department of Justice intends to block AT&T’s (T) acquisition of Time Warner (TWX)
  • Cavium (CAVM) and Marvell Technology (MRVL) enter into definitive agreement under which Marvell will acquire all of Cavium’s outstanding common stock for $40 per share in cash and 2.1757 shares of Marvel’s stock
  • Churchill Downs LLC to acquire Stanley Furniture (STLY) for $11.5 million in cash, $4.6 million in the form of a secured promissory note and a 5% equity interest in Churchill Downs Holdings Ltd.
  • AmerisourceBergen (ABC) enters into definitive agreement to acquire H.D. Smith for $815 million in cash

November 17, 2017 Company and Stock News

  • General Electric (GE) reported that its Chairman and CEO, John Flannery, acquired 60,000 shares of the company’s common stock in the open market at an average price of $18.27 per share
  • Tesla (TSLA) unveiled its new electric tractor-trailer truck and an updated version of its Roadster sports car on Thursday evening at the company’s design studio in Hawthorne, California
  • CNBC reported that Apple (AAPL) is delaying sales of its wireless HomePod smart speaker
  • Yum! Brands (YUM) announced that its board of directors authorized the company to repurchase up to $1.5 billion of its common stock through the end of 2018
  • JA Solar (JASO) enters into definitive agreement to be acquired by an investor consortium for approximately $362.1 million in cash
  • Helios and Matheson (HMNY) announced that MoviePass™ is offering a one-year subscription plan for a flat fee of $89.95, or $6.95 per month
  • Acorda Therapeutics (ACOR) announced that it will receive $53 million in royalty fees from HealthCare Royalty Partners ($40 million) and H. Lundbeck A/S ($13 million)

November 16, 2017 Company and Stock News

  • Moody’s Investors Service downgrades General Electric’s (GE) long-term credit rating to A2, from A1, as a result of a “severe deterioration in the financial performance of GE’s Power segment”
  • Rockwell Automation (ROK) makes proposal to Emerson Electric (EMR) to acquire all of the company’s outstanding stock for $225 per share in a deal valued at approximately $29 billion
  • The Allstate Corporation (ALL) says it incurred $516 million of catastrophe losses ($335 million after income taxes) during October due primarily to wildfires in California
  • Hess Corporation (HES) says it plans to reduce its debt by $500 million and to repurchase $500 million of its stock by the end of 2018
  • Caesars Entertainment (CZR) enters into definitive agreement to acquire Centaur Holdings, LLC, a privately-owned global investment holding company, for $1.7 billion in cash
  • Reuters reported that Comcast Corporation (CMCSA) and Verizon Communications (VZ) expressed an interest in acquiring a significant portion of Twenty-First Century Fox’s (FOX) assets
  • PayPal (PYPL) and Synchrony Financial (SYF) enter into agreement to expand their strategic consumer credit relationship; Synchrony Financial will acquire $6.8 billion of PayPal’s accounts receivables and approximately $1 billion in participation interests in the company’s receivables held by certain investors and a chartered financial institution

November 15, 2017 Company and Stock News

  • CreditSights reported that Apple (AAPL) issued 2-year, 3-year, 5-year, 7-year, 10-year and 30-year fixed-rate notes
  • Bonanza Creek Energy (BCEI) and SandRidge Energy (SD) enter into definitive merger agreement under which SandRidge will acquire all of the outstanding common stock of Bonanza Creek for $19.20 per share in cash and $16.80 per share of SandRidge’s stock for each Bonanza Creek share
  • Acorda Therapeutics (ACOR) halts new enrollments in studies of the company’s drug for Parkinson’s disease after five patients using the drug died

November 14, 2017 Company and Stock News

  • Dick’s Sporting Goods (DKS) reduces full-year 2017 adjusted earnings per share estimate to a range of $2.92-$3.04, from a previous range estimate of $2.80-$3.00; in comparison, Wall Street analysts were expecting, on average, the company to report full-year 2017 adjusted earnings per share of $2.87
  • The U.S. Department of Justice reported that Wells Fargo (WFC) will pay an additional $5.4 million to the Department to compensate approximately 450 members of the U.S. Armed Services whose automobiles were unlawfully repossessed by the bank
  • CVS Health (CVS) says it plans to hire 5,000 new apprentices within the next five years
  • Reuters reported that the International Trade Commission launched an investigation into allegations of patent infringement by Apple (AAPL) on various devices
  • Valvoline (VVV) increases its quarterly cash dividend by more than 50%
  • Lam Research (LRCX) announced that its board of directors approved an 11% increase in the company’s quarterly cash dividend and the repurchase of $2 billion of the company’s stock
  • Loxo Oncology (LOXO) enters into global collaboration with Bayer AG to develop and commercialize the company’s cancer treatments

November 13, 2017 Company and Stock News

  • General Electric (GE) says it will reduce its quarterly cash dividend by 50% to $0.12, and that it will implement several restructuring plans, including reductions to its workforce and substantial asset sales
  • The Wall Street Journal reported that Roark Capital Group made an offer to acquire Buffalo Wild Wings (BWLD) for approximately $2.3 billion
  • Allergan (AGN) announced that the U.S. Food and Drug Administration approved the company’s VRAYLAR™ drug for the treatment schizophrenia
  • Valeant Pharmaceuticals (VRX) says it will offer 750 million of 5.5% senior secured notes due 2025 to repay a portion of the company’s outstanding term loans
  • QUALCOMM (QCOM) rejects unsolicited acquisition proposal made by Broadcom (AVGO) on November 6, 2017
  • Amazon (AMZN) announced that it acquired the global television rights to The Lord of the Rings; separately, the company announced that it opened the first of its device pop-up shops in Whole Foods Markets
  • Wal-Mart (WMT) says it will launch Lord & Taylor shops in its stores during the spring of 2018, and will soon offer Lord & Taylor apparel on its Internet web site
  • Brookfield Property Partners (BPY) makes unsolicited proposal to acquire GGP Inc. (GGP) at a price of $23 per share

    Nektar Therapeutics (NKTR) says it experienced positive results from a study of the company’s cancer treatment

November 10, 2017 Company and Stock News

  • Hasbro (HAS) and Mattel (MAT): The Wall Street Journal reported that Hasbro (HAS) made an offer to acquire Mattel (MAT)
  • Reuters reported that PayPal Holdings (PYPL) suspended its TIO Networks business due to cyber security concerns
  • Dynavax Technologies (DVAX) announced that the U.S. Food and Drug Administration approved the company’s HEPLISAV-B hepatitis vaccine

November 9, 2017 Company and Stock News

  • Techcrunch.com reported that Apple (AAPL) acquired InVisage Technologies, a developer of imaging software applications for small electronic devices
  • Electronic Arts (EA) enters into agreement to acquire Respawn Entertainment, LLC, a privately-held developer of electronic games, for $151 million in cash and up to $304 million in restricted stock and performance-based milestone payments
  • Kroger (KR) announced that it is hiring approximately 14,000 part-time and seasonal employees for the 2017 winter holiday shopping season
  • The Travelers Companies (TRV) says it expects to report catastrophe losses in a range of $525-$675 million for the quarter ending December 31, 2017
  • Sage Therapeutics (SAGE) says it experienced positive results from a Phase 3 clinical trial of the company’s brexanolone treatment for postpartum depression

November 8, 2017 Company and Stock News

  • Amazon (AMZN) says it plans to open its fourth Maryland fulfillment facility in Baltimore’s Sparrows Point, and to hire more than 1,500 full-time employees to work at the facility
  • Digital Ally (DGLY) says it’s in the process of exploring strategic alternatives to better position the company for the future, including, but not limited to, monetizing its patent portfolio selling the company
  • Sears Holdings (SHLD) enters into agreement to release approximately 140 of its properties from ring-fence arrangements in exchange for $407 million of contributions to the company’s pension plans; additionally, the company says it expects its net loss for the three months ended October 31, 2017 to narrow by approximately $100 million, as compared to the same period a year ago
  • Reuters reported that Capital One Financial Corporation (COF) will stop issuing mortgage and home equity loans and reduce its workforce by approximately 1,100 people
  • Reuters reported that the U.S. Department of Justice told Time Warner (TWX) that it must sell its Turner Broadcasting or DirecTV unit as a condition for the Department to approve AT&T’s (T) acquisition of the company

    Zynga (ZNGA) enters into agreement to acquire the mobile card game studio of Peak Games for $100 million

November 7, 2017 Company and Stock News

  • CreditSights reported that Oracle (ORCL) is planning to issue approximately $10 billion of notes
  • Reuters reported Alphabet, Inc’s Waymo unit has been testing self-driving cars on public roads in Arizona
  • Fitch Ratings reduces its credit ratings on Teva Pharmaceutical (TEVA) to BB, from BBB

November 6, 2017 Company and Stock News

  • Broadcom (AVGO) makes proposal to Qualcomm (QCOM) to acquire all of Qualcomm’s outstanding stock for $60.00 per share in cash and $10.00 per share in Broadcom’s stock
  • MarketWatch reported that Apple (AAPL) is planning to issue 2-year, 3-year, five-year, seven-year, 10-year and 30-year notes
  • Dow Jones Newswire reported that CBS Corporation agreed to transfer $800 million in the company’s pension liabilities to an insurance company by purchasing a group annuity contract from the insurer
  • CNBC reported that Twenty-First Century Fox (FOXA) has been holding discussions with The Walt Disney Company (DIS) to sell most of the company to Disney
  • Valeant Pharmaceuticals (VRX) enters into agreement to divest the company’s Sprout Pharmaceuticals subsidiary, which makes the “female Viagra” drug ADDY®, to a buyer affiliated with former shareholders of Sprout in exchange for a 6% royalty on future global sales of ADDY®
  • Altice USA (ATUS) and Sprint (S) enter into multi-year agreement under which Altice will utilize Sprint’s network to provide mobile voice and data services to its customers throughout the United States, and Sprint will leverage the Altice broadband platform to accelerate the usage of its network; Sprint says it ceased discussions to merge with T-Mobile US (TMUS)
  • Advanced Micro Devices (AMD) and Intel (INTC) enter into strategic relationship to integrate Intel’s processor, AMD’s Radeon™ graphics chip, and second-generation High Bandwidth Memory (HBM2) into a single package
  • Helios & Matheson (HMNY) enters into securities purchase agreement with institutional investors for the company to issue $100 million in convertible notes to provide additional funding for MoviePass and to increase its ownership interest in MoviePass
  • salesforce.com (CRM) selects Alphabet’s (GOOG) Google Cloud as a preferred provider to support the company’s rapidly-growing global customer base
  • Symantec (SYMC) acquires SurfEasy, Inc., a provider of online privacy and security services for smartphones, tablets and computers
  • Avis Budget (CAR) announced that it reduced its full-year 2017 revenue estimate to a range of $8.80-$8.90 billion from an earlier estimate of $8.80-$8.95 billion
  • Reuters reported that McKesson Corporation (MCK) is planning to acquire CVS Health Corporation’s RxCrossroads unit in a deal valued at $735 million

November 3, 2017 Company and Stock News

  • Bloomberg News reported that Broadcom (AVGO) is considering a bid for Qualcomm (QCOM)
  • Valeant Pharmaceuticals (VRX) announced that the U.S. Food and Drug Administration approved the company’s VYZULTA™ drug for glaucoma
  • Pandora (P) says it lost 2.3 million active listeners for the three months ended September 30, 2017.
  • The Wall Street Journal reported that Marvell Technology (MRVL) is in discussions to acquire Cavium, Inc. (CAVM)
  • Aetna (AET) and CVS Health (CVS): Reuters reported that Aetna (AET) and CVS Health Corp. (CVS) are working toward finalizing a merger

November 2, 2017 Company and Stock News

  • DowDuPont (DWDP) initiates actions to generate cost savings of $3 billion, including procurement synergies, global workforce reductions, buildings and facilities consolidations and select asset shutdowns; the company also declared a fourth quarter dividend of 38 cents per share and approved a $4 billion share repurchase program
  • The Wall Street Journal reported that the U.S. Department of Justice is considering filing an antitrust lawsuit against AT&T Inc.’s (T) proposed $85 billion acquisition of Time Warner Inc. (TWX)
  • Goldman Sachs’ equity research analyst David Tamberrino reduced his price target on Tesla, Inc.’s (TSLA) stock to $205, from $210, and maintained his “sell” rating on the stock; analysts at Evercore and UBS also recently reduced their price targets and/or earnings estimates on the company

    Mallinckrodt plc (MNK) and Ocera Therapeutics (OCRX) enter into agreement under which Mallinckrodt will acquire Ocera Therapeutics common stock for $1.52 per share (or approximately $42 million)

November 1, 2017 Company and Stock News

  • Pitney Bowes (PBI) says it’s conducting a process to explore and evaluate strategic alternatives to further enhance shareholder value
  • MetLife (MET) announced that its board of directors approved a new $2 billion authorization for the company to repurchase its common stock, and that it intends to divest its remaining common stock holdings in Brighthouse Financial, Inc. (BHF)

October 31, 2017 Company and Stock News

  • Hormel Foods (HRL) enters into definitive agreement to acquire Columbus Manufacturing, Inc., a premium deli meat and salami company, for approximately $850 million
  • International Business Machines (IBM) reported that its board of directors approved the company to repurchase an additional $3 billion of its outstanding stock, bringing the total repurchase authorization to $4.5 billion
  • Bloomberg News reported that Cisco Systems (CSCO) is seeking to sell its NDS Group Ltd. video-software unit

    Valeant Pharmaceuticals (VRX) announced that it’s on track to pay down more than $5 billion in debt ahead of its February 2018 goal

October 31, 2017 Company and Stock News

  • CalAtlantic Group (CAA) and Lennar Corporation (LEN) announced that their boards of directors approved a definitive agreement whereby the companies will merge to create the United States’ largest homebuilder
  • Merck & Co. (MRK) withdraws its European application for KEYTRUDA® as a treatment for lung cancer, and says it’s no longer pursing approval of that drug in Europe
  • J.C. Penney (JCP) announced that beginning during November the company will offer LEGO building bricks and playsets in 875 toy shops inside the company’s brick and mortar stores
  • Techcrunch reported that Alphabet Inc.’s (GOOG) YouTube unit is launching an application for smart TVs, streaming devices and gaming consoles in the top 50 U.S. metropolitan areas
  • MarketWatch reported that Softbank, which owns approximately 83% of Sprint Corporation’s (S) outstanding common stock, is planning to end merger discussions between Sprint and T-Mobile US, Inc. (TMUS)
  • Iconix Brand Group (ICON) announced that Wal-Mart informed the company that it will not renew its DanskinNow brand licensing agreement with Iconix beyond January 2019
  • Rent-A-Center (RCII) initiates a process to explore strategic and financial alternatives in an effort to improve the company’s operating results; company suspends its quarterly dividend
  • Dynegy Inc. (DYN) and Vistra Energy Corp. (VST) enter into definitive merger agreement valued at approximately $10 billion
  • Capella Education (CPLA) and Strayer Education (STRA) agree to combine in an all-stock merger of equals transaction

October 27, 2017 Company and Stock News

  • Tenet Healthcare (THC) says it plans to reduce its workforce by 1,300 employees by the end of 2017 in an effort to reduce its operating expense
  • Reuters reported that Akzo Nobel N.V. approached Axalta Coating Systems Ltd. (AXTA) to discuss a possible merger
  • Amazon.com’s (AMZN) Whole Foods Market unit announced that it plans that it plans to hire 6,000 people on November 2

October 26, 2017 Company and Stock News

  • The Wall Street Journal reported that General Electric (GE) is considering spinning off or selling its locomotive and railroad equipment business
  • Reuters reported that Pfizer (PFE) plans to begin an auction process during November to sell its consumer healthcare business
  • Mylan N.V. (MYL) announced that the United Kingdom’s High Court of Justice issued a decision in favor of Mylan regarding its patent dispute with Teva Pharmaceuticals (TEVA)
  • Stein Mart (SMRT) says will reduce the size of its corporate office workforce by approximately 10%, lower its inventories by approximately 15% and reduce its capital expenditures by $22 million during 2018
  • The St. Louis Post-Dispatch reported that Amazon.com (AMZN) gained approval from pharmaceutical boards of several U.S. states to become a wholesale distributor of pharmaceutical products
  • PDL BioPharma, Inc. (PDLI) announced that it submitted a proposal to acquire Neos Therapeutics, Inc. (NEOS) for $10.25 per share in cash

October 25, 2017 Company and Stock News

  • Lumber Liquidators (LL) reaches agreement with a group of plaintiffs to settle all litigation related to Chinese-made laminate flooring sold by the company from January 1, 2009 to May 31, 2015
  • Sears Holdings (SHLD) announced the return of the company’s iconic winter holiday season Wish Book in both online and print versions
  • Reuters reported that Apple (AAPL) acquired New Zealand-based PowerbyProxi, which designs wireless power products
  • Amazon (AMZN) announced that beginning November 8 it will offer a new home-delivery service for the company’s Prime members; additionally, the company introduced Amazon Cloud Cam, an intelligent indoor security camera that lets customers monitor their home for an annual subscription fee of $69
  • The Medicines Company (MDCO) says it expects to divest its infectious diseases business by the end of 2017 and to implement a restructuring of the remainder of the company’s operations within the next 45 days
  • ServiceNow (NOW) says it expects to generate approximately $1.73 billion in subscription revenues for the full year ending December 31, 2017; in comparison, Wall Street analysts were expecting the company to generate $2.3 billion for the full year of 2017
  • Nutrisystem (NTRI) says it plans repurchase up to an additional $50 million of its stock once the company’s existing repurchase program expires during November

October 24, 2017 Company and Stock News

  • Amazon (AMZN) launches Business Prime Shipping, a service that offers unlimited and free two-day shipping on eligible items to persons who have an Amazon Business account; separately, the company announced that will open a new fulfillment center in Phoenix, Arizona and hire approximately 1,000 people to work at the facility
  • Graphic Packaging Holding Company (GPK) and International Paper Company (IP) sign definitive agreement to form a new partnership comprised of Graphic Packaging’s existing businesses and International Paper’s North America Consumer Packaging business
  • Gilead Sciences (GILD) says it experienced positive results from a Phase 2 study of the company’s treatment for nonalcoholic steatohepatitis, a common disease that harms the liver

October 23, 2017 Company and Stock News

  • Cisco Systems (CSCO) enters into definitive agreement to acquire BroadSoft, Inc., a privately-held provider of cloud-based contact applications, for approximately $1.9 billion
  • Deltic Timber (DEL) and Potlach Corporation (PCH) enter into definitive agreement to combine in an all-stock transaction
  • AT&T (T) and Time Warner (TWX) agree to extend the October 22, 2017 termination date of their merger agreement
  • Exactech (EXAC) enters into definitive merger agreement to be acquired by TPG Capital for $625 million
  • XPO Logistics (XPO) says it expects to hire more than 6,000 seasonal workers for its U.S. contract logistics operations
  • CarMax (KMX) says it plans to hire more than 2,000 full-time employees by the end of 2017
  • Impax Labs (IPXL) announced that it received approval from the U.S. Food and Drug Administration for the company’s generic version of Sanofi SA’s Renvela®

October 20, 2017 Company and Stock News

  • First Data Corporation (FDC) enters into definitive agreement to acquire BluePay Holdings, Inc., a privately-held payment processing company, for $760 million

October 19, 2017 Company and Stock News

  • J.C. Penney (JCP) announced that on October 30 the company will launch a selection of smartwatches in 245 stores and on JCPenney.com; the company also rebranded its fine jewelry department and unveiled a concept that offers bridal customers designer styles at value prices
  • Winnebago (WGO) announced that its Board of Directors authorized the company to repurchase $70 million of its outstanding stock
  • Amazon (AMZN) announced that it and Lincoln Clean Energy began operating a 253-megawatt wind farm in northwesterm Texas
  • Under Armour (UAA) launches its first subscription box service, ArmourBox, that will ship product recommendations chosen by a stylist to customers every 30, 60 or 90 days
  • Consumer Reports announced that it expects Tesla, Inc.’s (TSLA) Model 3 sedan to have average reliability
  • Celgene (CELG) says it will discontinue its Phase 3 trial for the company’s drug for Crohn’s disease
  • Corbus Pharmaceutical (CRBP) says it experienced positive results from a Phase 2 trial of the company’s anabasum drug for dermatomyositis

October 18, 2017 Company and Stock News

  • Apple (AAPL) and General Electric (GE) enter into strategic partnership to provide GE’s industrial Internet of Things (“IoT”) platform via Apple’s iPhone and iPad
  • SUPERVALU (SVU) enters into definitive agreement to acquire Associated Grocers of Florida for approximately $180 million.
  • Assurant, Inc. (AIZ) and The Warranty Group, a global provider of warranty protection plans, enter into definitive agreement to combine operations
  • Alnylam Pharmaceuticals (ALNY) enters into exclusive licensing agreement with privately-held Vir Biotechnology for the development and commercialization of RNAi therapeutics for infectious diseases, including chronic hepatitis B virus (“HBV”) infection

October 17, 2017 Company and Stock News

  • Synchronoss Technologies (SNCR) signs definitive agreement to sell its Intralinks Holdings subsidiary to Siris Capital Group, LLC for approximately $1 billion
  • Impax Laboratories (IPXL) enters into definitive agreement to merge with privately-held Amneal Pharmaceuticals LLC

October 16, 2017 Company and Stock News

  • Nordstrom (JWN) announced that members of the Nordstrom notified the company’s Special Committee of the Board of Directors that they suspended active exploration, for the remainder of this year, of the possibility of proposing a transaction to take the company private
  • Allergan (AGN) announced that the U.S. District Court for the Eastern District of Texas issued an adverse trial decision against the company, ruling that Allergan’s patents for its eye inflammation drug, RESTASSIS®, are invalid
  • TransEnterix (TRXC) announced that it received clearance from the U.S. Food and Drug Administration to market its Senhance™ Surgical Robotic System, a minimally-invasive surgical device
  • Exelixis (EXEL) says it experienced positive results from a Phase 3 trail of the company’s drug for liver cancer, and that the U.S. Food and Drug Administration determined that the company can proceed to a substantive review of its treatment for kidney cancer

October 13, 2017 Company and Stock News

  • Alcoa (AA) announced that it reached an agreement to terminate an electricity contract tied to the company’s operations in Texas that will increase its annual net income by approximately $60-$70 million
  • Spark Therapeutic (ONCE) announced that the U.S. Food and Drug Administration recommended approval of the company’s treatment blindness

October 12, 2017 Company and Stock News

  • Amazon (AMZN) announced that it is creating approximately 120,000 employment positions for the 2017 winter holiday season
  • Target (TGT) says customers can now shop for Target’s offerings via Google Express, a home delivery shopping service, and use the Google Assistant on voice-activated Google Home devices and Android TV
  • Reuters reported that Time Inc. (TIME ) launched a proprietary video advertising unit, named Adapt Video, that will help advertisers find new ways to engage audiences with video
  • Nu Skin Enterprises (NUS) increased its revenue and earnings estimates for the quarter ending September 30, 2017 to a revenue range of $559-$563 million and an earnings per share range of $0.74-$0.76, from a previous revenue and earnings per share range of $540-$560 million and $.071-$.076, respectively
  • Applied Optoelectronics (AAOI) reduced its revenue and earnings estimates for the quarter ended September 30, 2017 to a revenue range of $88-$89 million, from an earlier estimate of $107-$115 million, and a net income range of $18.6-$19.6 million, from a previous estimate of $26.6-$29.4 million
  • Antares Pharma (ATRS) announced that the U.S. Food and Drug Administration found deficiencies in the company’s testosterone drug, Xyosted

October 11, 2017 Company and Stock News

  • Amazon (AMZN) launches launching a new monthly payment option for college students, Prime Student, at a price of $5.49 a month, and introduces a convenient way for teens 13-17 years of age to shop on Amazon with their own login while still keeping their parents informed; the company also introduced its most advanced Kindle e-reader ever, the new Kindle Oasis, for a price of $249.99
  • The Kroger Co. (KR) said it’s considering selling its convenience store business, and that it’s redesigning its sales counters to maximize self-checkout
  • 1-800 Flowers (FLWS) announced that its Harry & David’s division will operate approximately 20 pop-up food-gift stores nationwide this winter holiday season
  • Snap (SNAP) introduces Context Cards!, which displays information about images; the application also enables users to call for a ride with Uber or Lyft, and to make a restaurant reservations
  • AT&T (T) reduced its revenue and pre-tax earnings estimates for the quarter ended September 30, 2017 by $90 million and $210 million (or $.02 per diluted share)
  • J.Jill (JILL) reduced its adjusted earnings estimate for the three months ending October 31, 2017 to a range of $.08-$.10, from a prior estimate of $.18-$.20, on a 3%-5% decline in the company’s same-store sales
  • Sigma Designs (SIGM) says it will reduce the size of its workforce by 200-250 people, consolidate certain of the company’s facilities, and record one-time charges for severance and lease termination of approximately $8 million to $10 million over its fiscal third and fourth quarters ending October 31, 2017 and January 31, 2018
  • Ardelyx (ARDX) says it experienced positive results from a Phase 3 study of the company’s drug for irritable bowel syndrome with constipation

October 10, 2017 Company and Stock News

  • Nvidia Corporation’s (NVDA) founder and CEO, Jensen Huang, introduced a new artificial intelligence (“AI”) hardware device and virtual reality (“VR”) software application for designing autonomous vehicles; additionally, Huang announced that a test fleet of autonomous trucks will use the company’s self-driving system
  • Wal-Mart (WMT) initiates a new $20 billion share repurchase program
  • The Gap (GPS) launches a subscription service for its BabyGap clothing
  • CNBC reported that Amazon.com (AMZN) is in talks with Phrame, a smart-license-plate maker, to allow customers orders to be delivered to their cars
  • Honeywell (HON) says it intends to spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies; separately, the company stated that it expects to report earnings per share of $1.75 on revenues of $10.1 billion for the quarter ended September 30, 2017 and earnings per share in a range of $7.05-$7.10 for the full year ending December 31, 2017
  • Pfizer (PFE) says it’s considering selling or spinning off the company’s Consumer Healthcare business
  • MarketWatch reported that CNA Finance wrote in a press release that investors are clamoring to get a stake in Helios & Matheson’s (HMNY) “MoviePass” service
  • United Continental (UAL) announced that its revenue passenger miles decreased 1.6% during September, as compared to the same month a year ago
  • American Airlines (AAL) announced that it increased its third-quarter growth outlook for total revenue per available seat miles (“TRASM”) to a range of 0.5%-1.5%, from a previous estimate of flat to up 1.0%
  • KalVista Pharmaceuticals (KALV) enters into a collaboration agreement with Merck for its investigational intravitreal injection that’s currently in development for the potential treatment of diabetic macular edema (“DME”); additionally, the company entered into a $9.1 million private placement transaction with Merck under which Merck acquired 1,070,589 shares of KalVista for $8.50 per share
  • Express Scripts (ESRX) says it reached an agreement to acquire privately-held eviCore healthcare for $3.6 billion
  • Eli Lilly (LLY) says it experienced disappointing results from a Phase 3 trial of the company’s Verzenio treatment for lung cancer

October 9, 2017 Company and Stock News

  • Wal-Mart (WMT) introduces a new express returns service that enables the company’s customers to receive refunds for purchased items that they want to return by entering information regarding those items into an electronic mobile device
  • Axalta Coating Systems (AXTA) reduced its full-year 2017 adjusted EBITDA to a range of $870-$900 million from an earlier estimate of $940-$970 million
  • AES Corp. (AES): The AES Corporation (AES) reduced its full-year 2017 adjusted earnings per share estimate to the lower half of a $1.00-$1.10 range from a previous estimate of $1.03-$1.15

October 6, 2017 Company and Stock News

  • 9to5Mac.com reported that a Taiwanese owner of Apple’s (APPLE) new iPhone 8 Plus claimed the device split open while being charged
  • United Natural Foods (UNFI) announced that that its Board of Directors authorized the company to repurchase $200 million shares of its stock
  • Tesla Inc.’s (TSLA) CEO, Elon Musk, tweeted that the company is delaying an unveiling of its semi-trailer truck until November 16
  • Paratek Pharmaceuticals (PRTK) says it experienced positive results from a Phase 3 trial of the company’s once-daily oral treatment for skin infections
  • Flexion Therapeutics (FLXN) announced that the U.S. Food and Drug Administration approved its non-opiod medication, Zilretta™, for osteoarthritis knee pain

October 5, 2017 Company and Stock News

  • Sears (SHLD): Sears Holdings (SHLD) reported that it borrowed $100 million from JPP, LLC and JPP II, LLC, investment firms owned by Sears’ CEO, Edward S. Lampert
  • Penn National Gaming (PENN) and Pinnacle Entertainment (PNK): The Wall Street Journal reported that Penn National Gaming (PENN) and Pinnacle Entertainment (PNK) and are holding merger discussions
  • Johnson & Johnson (JNJ) says it intends to exit the insulin pump business

October 4, 2017 Company and Stock News

  • Office Depot (ODP) enters into definitive agreement to acquire CompuCom Systems, Inc., a privately-held provider of IT services to U.S. businesses, including six of the top 10 Fortune 500 companies, for $1 billion
  • Amazon (AMZN) says its voice-controlled Alexa and Echo devices are now available in India and that they’ll be available in Japan by the end of 2017
  • Techcrunch.com reported that Amazon (AMZN) acquired Body Labs, a privately-held company whose mission is to create true-to-life 3D body models to support various business-to-business software applications
  • Reuters reported that the European Commission told Amazon (AMZN) to pay approximately 250 million euros ($295 million) in taxes to Luxembourg for undue tax benefits
  • The fly.com and other financial media reported that Apple (AAPL) is investigating possible negative issues with its iPhone 8 Plus after two owners of the phone shared pictures of the device burst open as a result of a potential battery failure
  • MarketWatch reported that Alphabet Inc. (GOOG) unveiled several new products at an event in San Francisco, including an expanded line of the company’s Home smart speakers, a new clip-on, stand-alone camera and its own line of new smartphones
  • Citrix Systems (CTXS) says it will reduce the size of its workforce and consolidate its facilities
  • Mylan N.V. (MYL) announced that the U.S. Food and Drug Administration approved its generic versions of Teva Pharmaceutical’s Copaxone, a drug for people who experience relapsing forms of multiple sclerosis
  • Catabasis Pharmaceuticals (CATB) says it experienced positive results from a Phase 2 trial of the company’s treatment for muscular dystrophy
  • Acadia Pharmaceuticals (ACAD) announced that the U.S. Food and Drug Administration granted the company a special designation for its drug pimavanserin, which used to treat hallucinations and delusions associated with dementia-related psychosis

October 3, 2017 Company and Stock News

  • Ford (F) announced a strategic plan to reduce the company’s expenses, accelerates its introduction of smart vehicles, allocate more of the company’s investments to SUVs and trucks, expand its offerings of electric vehicles and modernize its factories
  • Wal-Mart (WMT) announced that it acquired Parcel, a technology-based, same-day and last-mile delivery company specializing in perishable and non-perishable delivery to customers in New York City
  • Target (TGT) introduces “Drive Up”, a service that allows the store’s customers to have orders brought to their cars
  • Reuters reported that the U.S. Office of the Comptroller of the Currency is considering sanctioning Wells Fargo & Company for improperly charging customers for car insurance and mortgage loans
  • RedHill Biopharma (RDHL) says it experienced positive results from a Phase 2 trial of the company’s treatment for diarrhea-predominant irritable bowel syndrome
  • Rigel Pharmaceuticals (RIGL) says it experienced positive results from a Phase 2 study of the company’s treatment for people that have warm antibody autoimmune hemolytic anemia
  • Endocyte (ECYT) completes exclusive worldwide license agreement to market ABX GmbH’s treatment for prostate cancer

October 2, 2017 Company and Stock News

  • Valeant Pharmaceuticals (VRX) announced that it is offering $1 billion of bonds to fund the repurchase of the company’s 5.375%, 6.375% and 7.0% Senior Notes due 2020
  • Vitamin Shoppe (VSI) says it partnered with Macy’s China to offer the company’s nutritional products in China
  • AMC Entertainment (AMC) announced that it completed the sale of 2.8 million shares of its holdings in National CineMedia (NCMI) to an undisclosed American buyer for approximately $18.2 million
  • General Electric (GE) announced that effective today, Jeffrey Immelt retired as the company’s Chairman of the Board
  • Tesla (TSLA) says it delivered 26,150 during the quarter ended September 30, 2017, including 14,065 Model S sedans, 11,865 Model X crossover vehicles and 220 Model 3 sedans
  • Forest City Realty Trust (FCE.A) announced that it entered into a definitive agreement to sell 10 of its regional shopping malls to QIC, a global diversified alternative investment firm for approximately $3.175 billion

September 29, 2017 Company and Stock News

  • The Federal Reserve announced that it fined HSBC Holdings (HSBC) $175 million for the firm’s unsound practices in its foreign exchange trading business
  • Zogenix (ZGNX) announced that it experienced positive results from a Phase 3 clinical trial of the company’s treatment for a rare form of epilepsy

September 28, 2017 Company and Stock News

  • Party City (PRTY) says it plans to hire approximately 25,000 temporary employees and to open approximately 270 Halloween City pop-up stores for the 2017 Halloween season
  • Amazon (AMZN) announced that it plans to open its fifth Ohio fulfillment center in Euclid, Ohio and to hire more than 1,000 full-time employees to work at the facility
  • GoPro (GPRO) unveils two new versions of the company’s sports cameras, the HERO6 Black and Fusion, priced at $499.99 and $699.99, respectively
  • Lockheed Martin (LMT) announced that its board of directors authorized the company to repurchase an additional $2 billion of its common stock
  • Tyson Foods (TSN) announced that it increased its earnings estimate for the company’s fiscal year ending October 1, 2017 to a range of $5.20-5.30 per share, from a prior estimate of $4.95-5.05; additionally, the company stated that it plans to reduce its workforce by 450 persons and to record an associated restructuring charge of $140-$150 million for the three months ended October 1, 2017

September 27, 2017 Company and Stock News

  • Amazon.com (AMZN) announced new editions of its voiced-controlled Echo, priced at $99.99-$149.99, and a new Fire TV digital streaming-media player for $69.99
  • Applied Materials (AMAT) announced that its board of directors authorized the company to repurchase an additional $3 billion of its stock
  • Immune Pharmaceuticals (IMNP) says it experienced positive results from a Phase 2 trial of the company’s treatment for a rare skin disease
  • Therapix Biosciences (TRPX) says it experienced positive results from a study of the company’s development program for the treatment of cognitive impairment

September 26, 2017 Company and Stock News

  • Genius Brands International (GNUS) says beginning September 28 its Kid Genius Cartoons Plus! shows will be available to Amazon.com’s Prime Members for $3.99 per month
  • JC Penney (JCP) says it will offer a complete line of Frigidaire kitchen appliances Ayesha Curry cookware in approximately 600 of the company’s stores
  • Newell Brands (NWL) announced that it’s reinstating the company’s Stock Repurchase Program, which authorizes the company to repurchase approximately $256 million of its common stock
  • Actual Corporation (ACTA) enters into agreements to sell its three majority-owned businesses for an aggregate of $549 million in cash
  • Genocea Biosciences (GNCA) says it’s ceasing spending and activities on the company’s treatment for genital herpes
  • Axovant Sciences (AXON) says it experienced disappointing results from a Phase 3 trial of the company’s treatment for Alzheimer’s disease

September 25, 2017 Company and Stock News

  • DigiTimes reported that Apple (AAPL) has instructed suppliers of components for its iPhone X to withhold a portion of the component shipments
  • Genuine Parts Company (GPC) enters into definitive agreement to acquire Alliance Automotive Group for approximately $2 billion
  • Allergan plc (AGN) announced that its Board of Directors authorized a new $2 billion share repurchase program

September 22, 2017 Company and Stock News

  • Wal-Mart (WMT) says it has partnered with August Home, a provider of smart home accessories, to test a program that would deliver various household goods to shoppers’ homes
  • Bloomberg reported that Hewlett Packard (HPE) is planning to reduce its workforce by approximately 10%, or by at least 5,000 people
  • Sprint (S) and T-Mobile (TMUS): Reuters reported that Sprint Corporation (S) and T-Mobile USA (TMUS) are close to agreeing on terms of a merger
  • Transocean (RIG) says it intends to retire six of its ultra-deepwater floaters and to record a $1.4 billion impairment charge related to those asset retirements

September 21, 2017 Company and Stock News

  • Amazon (AMZN): CNBC reported that Amazon.com (AMZN) is planning to bring more than 2,000 jobs to New York City over the next three years and to create approximately 6,000 jobs in New York State by 2019
  • MarketWatch reported that Target Corporation (TGT) is expanding its Target Restock next-day delivery service to eight new markets
  • CRH plc (CHR) reaches an agreement to acquire Ash Grove Cement Company, a privately-owned U.S. cement manufacturer, for $3.5 billion
  • TheVerge.com reported that Nvidia Corporation (NVDA) is introducing a new configuration of the company’s Shield TV that will sell for $179, the same price as Apple’s latest streaming set-top TV box
  • Anadarko Petroleum (APC) announced that its board of directors authorized a $2.5 billion share-repurchase program that will extend through the end of 2018

    Texas Instruments (TXN) announced that its board of directors authorized the company to repurchase an additional $6.0 billion of its common stock

  • Calgon Carbon (CCC) enters into definitive agreement to be acquired by Japan-based Kuraray Co., Ltd. for $21.50 per share in cash

September 20, 2017 Company and Stock News

  • Alnylam Pharmaceuticals (ALNY) says it experienced positive results from a Phase 3 trial of its treatment for Hereditary ATTR, an inherited disease that causes proteins to accumulate and damage human organs and tissues
  • TheVerge.com reported that Apple (AAPL) admitted that its new Apple Watch Series 3 has experienced negative connectivity issues
  • CNBC reported that Tesla (TSLA) is working with Advanced Micro Devices (AMD) to produce a chip for its Autopilot advanced driver-assistance systems
  • The New York Times reported that Alphabet Inc.’s (GOOG) Nest Labs unit is adding Google’s facial recognition technology to its camera-equipped doorbell

September 19, 2017 Company and Stock News

  • Amazon.com (AMZN) announced that its new Fire HD 10 tablet, which is priced at $149.99, is now available for pre-order.
  • Kohl’s (KSS) says 82 of the company’s stores in Los Angeles and Chicago will begin to offer free, convenient returns for Amazon customers during October
  • Walgreens Boots Alliance (WBA) announced that it received regulatory clearance to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corporation (RAD) for $4.375 billion in cash and other consideration
  • Bob Evans (BOBE) and Post Holdings (POST) enter into definitive agreement under which Post will acquire Bob Evans for $77.00 per share of the company’s stock
  • Reuters reported that Siris Capital Group disclosed that it is no longer interested in pursuing an all-cash acquisition of Synchronoss Technologies (SNCR)

September 18, 2017 Company and Stock News

  • Northrop Grumman (NOC) enters into definitive agreement to acquire Orbital ATK for approximately $7.8 billion in cash
  • L Brands (LB) announced that its Board of Directors authorized the company to repurchase $250 million of its stock
  • Henry Schein (HSIC) announced that its Board of Directors authorized the company to repurchase up to $400 million of its common stock
  • Itron, Inc. signs definitive agreement to acquire all of the outstanding shares of Silver Spring Networks, Inc. (SSNI), a provider of Internet of Things services, for $16.25 per share in cash
  • Teva Pharmaceutical (TEVA) enters into two agreements to sell the remaining assets of its specialty global women’s health business for $1.38 billion
  • Amazon (AMZN) says it plans to open two more fulfillment centers, one in Ohio and the other in Oregon, and to hire 2,000 full-time employees, in total, to work at those facilities
  • MarketWatch reported that Yum! Brands (YUM) plans to add 300 restaurants in urban areas by 2022 and to hire 100,000 employees to work at those restaurants
  • Macy’s (M) say it plans to hire approximately 80,000 seasonal associates for the 2017 winter holiday shopping season
  • Valero Energy (VLO) and Plains All American (PAA) announced that they agreed to terminate their agreement for Valero to acquire two of Plains All American’s storage and distribution terminals
  • Dimension Therapeutics (DMTX) and Ultragenyx Pharmaceutical (RARE) announced that Ultragenyx made a proposal to Dimension Therapeutics to acquire all of the outstanding shares of common stock of Dimension for $5.50 per share, or approximately $138 million
  • Nabriva Therapeutics (NBRV) says it experienced positive results from a Phase 3 trial of its oral treatment for community-acquired bacterial pneumonia, the leading cause of infectious death in the United States
  • Pluristem Therapeutics (PSTI) announced that the U.S. Food and Drug Distraction granted Fast Track Designation for the company’s ongoing Phase 3 study of its treatment of Critical Limb Ischemia, a severe blockage in the arteries of the lower extremities that reduces blood-flow and often requires amputation of a patient’s legs
  • Perrigo (PRGO) announced that it received tentative approval from the U.S. Food and Drug Administration for the generic version of its Acanya® gel for acne

September 15, 2017 Company and Stock News

  • Bloomberg reported that Alphabet Inc. (GOOG) held discussions with Lyft Inc. to potentially invest $1 billion in the ride-sharing company
  • Nucor Corporation (NUE) reduced its earnings per diluted share estimate to a range of $0.75-$0.80 per for the quarter ending September 30, 2017, from a prior estimate of a range similar to its results for the first half of 2017; in comparison, Wall Street analysts were estimating, on average, for the company to report earnings per diluted share of $1.04
  • Teekay Tankers (TNK) announced that its Board of Directors authorized a share repurchase program for the company to repurchase of up to $45 million of its Class A common stock
  • Mirati Therapeutics (MRTX) says it experienced positive results from a Phase 2 study of its treatment for lung cancer
  • Neos Therapeutics (NEOS) announced that the U.S. Food and Drug Administration approved the company’s Adzenys ER™ oral drug for Attention Deficit Hyperactive Disorder

September 14, 2017 Company and Stock News

  • Amazon (AMZN) says it plans to open a new fulfillment center in the Charter Township of Shelby, Michigan and to hire 1,000 people to work full-time at the facility
  • eBay (EBAY) partners with Spring, an online clothing retailer, to provide a dedicated “storefront” of Spring’s offerings on eBay’s web site
  • Oracle (ORCL) says it expects to report adjusted earnings per share in a range of $0.64-$0.68 on a 2%-4% year-over-year increase in its revenues for the three months ending November 30, 2017; in comparison, Wall Street analysts were estimating, on average, for the company to report adjusted earnings per share of $0.68 on a 4.7% increase in the company’s revenues
  • The U.S. Securities and Exchange Commission reported that SunTrust Banks (STI) agreed to pay a $1.1 million penalty to settle charges that it improperly recommended more expensive share classes of various mutual funds to 4,500 clients when less expensive shares of the same funds were available
  • Pfizer (PFE) says it experienced positive results from a Phase 3 study of the company’s XTANDI® drug for prostate cancer
  • Amgen (AMGN) and Allergan (AGN) announced that the U.S. Food and Drug Administration approved their Mvasi drug for the treatment of five types of cancer
  • Bristol-Myers (BMY) and Halozyme Therapeutics (HALO) announced a global collaboration and license agreement to develop Bristol-Myers’ cancer medicines using Halozyme’s ENHANZE® drug-delivery technology

September 13, 2017 Company and Stock News

  • JetBlue (JBLU): JetBlue Airways (JBLU) announced that its revenue passenger miles rose by 5% during August, as compared to the same month a year ago
  • Target (TGT) says it plans to hire approximately 100,000 for the 2017 winter holiday shopping season
  • Tesla’s (TSLA) CEO, Elon Musk, tweeted today “Tesla Semi truck unveil & test ride tentatively scheduled for Oct 26th in Hawthorne. Worth seeing this beast in person. It’s unreal.”
  • The Wall Street Journal reported that Tenet Healthcare (THC) is exploring strategic options including a possible sale of the company
  • Vanda Pharmaceuticals (VNDA) says it experienced disappointing results from a Phase 2 study of the company’s treatment for eczema, a medical condition that causes one’s skin to become inflamed, itchy or irritated

September 12, 2017 Company and Stock News

  • Apple (AAPL) announced that its new iPhone X will be available for pre-order beginning October 27 in more than 55 countries and territories
  • MGM Resorts (MGM) announced that it will purchase 10 million shares of its common stock from Tracinda Corporation at a price of $32.75 per share, for a total of $327.5 million
  • CNBC reported that the Nordstrom family is nearing a deal with private equity firm Leonard Green & Partners, L.P. to take Nordstrom (JWN) private
  • Progress Software (PRGS) announced that it expects to report adjusted earnings per diluted share of $0.48 on revenues of $97.6 million for the three months ended August 31, 2017; in comparison, Wall Street analysts were estimating, on average, for the company to report adjusted earnings per share of $0.42 on revenues of $95.8 million
  • Apartments (BRT) announced that it board of directors renewed the company’s stock repurchase plan, which authorizes the company to buy back up to $5 million of its common stock
  • Centene (CNC): Centene Corporation (CNC) signs definitive agreement to acquire substantially all of the assets of Fidelis Care, a not-for-profit provider of healthcare plans, for $3.75 billion
  • Aldeyra Therapeutics (ALDX) says it experienced positive results from a Phase 2 study of the company’s treatment for dry eye disease
  • Alexion Pharmaceuticals (ALXN) announced that it plans to execute a restructuring of the company’s operations that will include a 20% reduction in its workforce and will enable the company to reduce its operating expenses by approximately $250 million annually beginning by the year 2019

September 11, 2017 Company and Stock News

  • Pilgrim’s Pride (PPC) acquires Moy Park, a privately-held supplier of poultry and prepared food products, for approximately $1 billion
  • T-Mobile (TMUS) says it will launch the United States’ first Internet of Things (“IoT) network during mid-2018
  • Nordstrom (JWN) announced that it will launch a new retail concept on October 3 whereby customers can shop and access the company’s services in convenient locations
  • Cooper Companies (COO) and Teva Pharmaceuticals (TEVA): The Cooper Companies (COO) and Teva Pharmaceuticals (TEVA) announced they entered a definitive agreement under which Cooper’s will acquire Teva’s PARAGARD® copper contraceptive product for $1.1 billion

September 8, 2017 Company and Stock News

  • David & Buster’s (PLAY) announced that its board of directors authorized the company to repurchase an additional $100 million of its stock under the company’s existing repurchase program
  • Zumiez (ZUMZ) says it expects to report earnings per diluted share in a range of $0.43-$0.48 on revenues of $236 to $241 million for the three months ending October 31, 2017; in comparison, Wall Street analysts were expecting, on average, for the company to report $0.43 in earnings per share on revenues of $227.9 million
  • Target (TGT) lowers prices on thousands of items
  • Eli Lilly and Company (LLY) says it experienced positive results from a Phase 3 study of the company’s galcanezumab drug to prevent migraines
  • Kura Oncology (KURA) says it experienced positive results from a Phase 2 study of the company’s tipifarnib drug for the treatment of skin cancer
  • Roche (RHHBY) says it experienced disappointing results from a Phase 3 study of the company’s treatment for visual impairment

September 7, 2017 Company and Stock News

  • The Wall Street Journal reported that persons who order Apple’s (APPL) new iPhone 8 might experience delayed shipments of those devices due to production problems that the company encountered this past summer
  • Reuters reported that Comcast (CMCSA) expects to lose between 100,000 and 150,000 video subscribers during the three months ending September 30, 2017 due more competition
  • Fitbit (FIT) and DexCom (DXCM) announced that they’re collaborating to develop and market products to help people better manage their diabetes
  • S&P Global Ratings announced that it raised its corporate credit rating on Delta Air Lines (DAL) to ‘BBB-‘, from ‘BB+’
  • Mastercard (MA) raises its revenue growth estimate to the “high end of low double-digits” percentage range from a previous growth estimate of “low double-digits”
  • Finisar (FNSR) says it expects to report non-GAAP earnings per diluted share in a range of $0.27-$0.33 on revenues in a range of range of $322-$342 million for the three months ending October 31, 2017; in comparison, Wall Street analysts were expecting, on average, for the company to report $0.50 in adjusted earnings per share on revenues of $370 million
  • NCI Building Systems (NCS) reduces its 2017 revenue estimate to a range of $1.75-$1.78 billion from a prior estimate of $1.80-$1.86 billion
  • Eli Lilly and Company (LLY) says it plans to reduce the size of its workforce by approximately 3,500 by the end of 2017
  • The U.S. Food and Drug Administration announced that it sent a letter to Pfizer Inc. (PFE) warning the company that it failed to investigate multiple product failures
  • Bristol-Myers Squibb (BMY) says it experienced positive results from a Phase 3 study of the company’s Opdivo and Yervoy drugs for patients with kidney cancer
  • Alnylam Pharmaceuticals (ALNY) says it suspended its fitusiran treatment for patients with hemophilia after a patient using the treatment died
  • Celgene (CELG) announced that the U.S. Food and Drug Administration placed a partial clinical hold on certain of the company’s cancer drugs

September 6, 2017 Company and Stock News

  • Amazon (AMZN) says it plans to open a new 855,000-square-foot fulfillment center in Staten Island, New York and to hire more than 2,250 full-time employees to work at the facility.
  • Carnival Corporation (CCL) announced that it began construction for the first of seven next-generation cruise ships that will be fully-powered by liquefied natural gas (“LNG”)
  • Deere & Company (DE) signs definitive agreement to acquire Blue River Technology, a privately-owned provider of machine-learning applications for the agriculture industry, for $305 million
  • CSX Corporation (CSX) says it expects to report earnings per share growth of approximately 20%-25% for the full year ending December 31, 2017, down from a prior earnings per share growth estimate of approximately 25%
  • RH (RH), formerly known as Restoration Hardware, says it expects to report adjusted earnings of $70-$77 million on revenue of $2.42-$2.46 billion for the company’s full fiscal year ending January 31, 2017; in comparison, Wall Street analysts were expecting, on average, for the company to report full-year adjusted earnings of $59.2 million on revenue of $2.44 billion
  • Fortive Corp. (FTV) and Landauer (LDR): Fortiv Corporation (FTV) and Fortiv Landauer (LDR) enter into definitive agreement for Fortiv to acquire Landauer for $67.25 per share
  • Merck & Co. (MRK) announced that it will acquire Rigontec, a privately-held Germany-based developer of RNA-based immunotherapeutics to treat cancer and viral diseases, for an upfront cash payment of €115 million ($137 million) and additional milestone payments of up to €349 million ($416 million)
  • Sarepta Therapeutics (SRPT) says it experienced positive results from a Phase 1/2 clinical trial of the company’s treatment for muscular dystrophy
  • Newell Brands (NWL), Francesca’s Holdings (FRAN), United Continental (UAL) lower their financial operating estimates due to the aftermath of Hurricane Harvey

September 5, 2017 Company and Stock News

  • Delta Air Lines (DAL) announced that it expects to report an operating profit margin in the range of 16.5%-17.5% on a 2%-3% increase in the company’s passenger unit revenues for the quarter ending September 30, 2017
  • Tyson Foods (TSN) says it plans to build a $320 million poultry complex in eastern Kansas and to employ approximately 1,600 people to work at the facility
  • Electronics For Imaging (EFII) says it expects to report adjusted earnings per share in a range of $0.55-$0.60 on revenue of $255-$260 million for the quarter ending September 30, 2017; in comparison, Wall Street analysts were estimating, on average, for the company to report $0.63 in adjusted earnings per share on revenue of $261.2 million
  • Merck (MRK) announced that the European Commission approved the company’s KEYTRUDA® treatment for patients with bladder cancer
  • Insmed (INSM) says it experienced positive results from a Phase 3 study of the company’s treatment for nontuberculous mycobacterial lung disease
  • Teleflex (TFX) enters into definitive agreement to acquire NeoTract, Inc., a privately-held medical device company, for $725 million in cash and additional milestone payments of up to $375 million
  • Cellect Biotechnology (APOP) announced that the U.S. Food and Drug Administration granted the company orphan drug status for its ApoGraft treatment for transplant-related diseases
  • Cellectis (CLLS) announced that the U.S. Food and Drug Administration placed a clinical hold on the company’s Phase 1 studies for the treatment of leukemia
  • Bellerophon Therapeutics (BLPH) says it experienced positive results from a Phase 2 clinical trial of its treatment for pulmonary hypertension

September 1, 2017 Company and Stock News

  • Bloomberg reported that Alphabet Inc. (GOOG) is forming a new holding company, called XXVI Holdings Inc., that will own the equity of each of the company’s subsidiaries
  • O’Reilly Automotive (ORLY) announced that its Board of Directors approved an increase in the company’s stock repurchase program by an additional $1 billion
  • Marathon Petroleum Corporation (MPC) contributes the company’s joint-interest ownership in certain pipelines and storage facilities to MPLX LP (MPLX) for $1.05 billion

August 31, 2017 Company and Stock News

  • Iovance Biotherapeutics (IOVA) announced that the U.S. Food and Drug Administration granted Fast Track designation for the company’s treatment for patients with advanced melanoma.

August 30, 2017 Company and Stock News

  • Amazon (AMZN) and Microsoft (MSFT) announced that they are collaborating on a project that will enable their voice-recognition applications, Alexa and Cortana, to communicate with each other
  • The Medicines Company (MDCO) announced that the U.S. Food and Drug Administration approved its VABOMERE™ treatment of adult patients with complicated urinary tract infections
  • Novartis AG (NVS) announced that the U.S. Food and Drug Administration approved its Kymriah™ drug for the treatment of patients who have acute lymphoblastic leukemia, a type of cancer that affects white blood cells

August 29, 2017 Company and Stock News

  • Western Digital (WDC) enters into definitive agreement to acquire Tegile Systems, a privately-held provider of flash and persistent-memory storage applications for enterprise data-center applications
  • A spokesperson for Twenty First Century Fox (FOXA) said the company decided to cease providing its Fox News service in the United Kingdom
  • The Advisory Board (ABCO) enters into agreements to sell its health care business to Optum, a privately-held provider of health services, for $1.3 billon and its education business to private-equity firm Vista Equity Partners for $1.55 billion
  • Acorda Therapeutics (ACOR) announced that it received a refusal letter from the U.S. Food and Drug Administration regarding the company’s New Drug Application for its treatment for people with Parkinson’s disease

August 28, 2017 Company and Stock News

  • The Wall Street Journal reported that Apple (AAPL) scheduled a product-announcement event for September 12, which suggests the company will soon release new versions of its iPhones and smartwatch
  • Western Digital (WDC) announced that it completed its acquisition of Upthere, a privately-held company that provides cloud-based storage for photos, videos and musical recordings
  • The Finish Line (FINL) says it expects to report earnings per share in a range of $0.08-$0.12 on revenues of $469.4 million for the three months ending August 31, 2017; in comparison, Wall Street analysts were expecting, on average, for the company to report earnings per share of $0.37 on revenues of $477 million
  • Gilead Sciences (GILD) and Kite Pharma (KITE) enter into definitive agreement pursuant to which Gilead will acquire Kite for $180.00 per share in cash
  • AVEO Pharmaceuticals (AVEO) announced that the European Commission approved the company’s once-daily treatment for adult patients with kidney cancer, in the European Union, Norway and Iceland

August 25, 2017 Company and Stock News

  • Amazon.com (AMZN) says it plans to open a new 855,000-square-foot fulfillment center in North Randall, Ohio and to hire approximately 2,000 people to work at the facility

August 24, 2017 Company and Stock News

  • Signet Jewelers (SIG) agrees to acquire R2Net, an online jewelry retailer and the owner of JamesAllen.com, for $328 million
  • Amazon.com (AMZN) and Whole Foods Market (WFM) announced that Amazon’s acquisition of Whole Foods will close on Monday August 28, 2017, and that beginning Monday Whole Foods will offer lower prices on certain grocery items
  • IMAX Corporation (IMAX) says it’s planning to open a new virtual reality center at a Cineplex theater in Toronto, Canada, as well new IMAX auditoriums at Cineplex theaters in Toronto and Regina
  • Comcast Corporation (CMCSA) and Sunrun Inc. (RUN) enter into a 40-month agreement whereby Sunrun will be the exclusive residential solar-energy provider for Comcast, and Comcast will serve as one of Sunrun’s strategic partners through marketing campaigns
  • Wal-Mart (WMT) launches Express Money Services, a feature that enables the company’s customers to expedite money services transactions
  • Adamas Pharmaceuticals (ADMS) announced that the U.S. Food and Drug Administration approved the company’s treatment for involuntary movements in patients with Parkinson’s disease

August 23, 2017 Company and Stock News

  • Amazon (AMZN) and Whole Foods (WFM): The U.S. Federal Trade Commission (“FTC”) announced that it decided not pursue whether Amazon.com’s (AMZN) planned acquisition of Whole Foods Market (WFM) would lessen substantially competition under Section 7 of the Clayton Act
  • McDonald’s (MCD) says that beginning during January 2018 it will eliminate antibiotics in broiler chickens sold in the United States, Canada, Europe, Japan South Korea and Brazil
  • Lowe’s Companies (LOW) says it expects to report diluted earnings per share in a range of $4.20-$4.30 on a 5% year-over-year increase in the company’s revenues for its fiscal 2017 year ending February 2, 2018
  • Stryker Corporation (SYK) issues a voluntary recall for specific lots of the company’s Oral Care products and places a temporary hold on its cloth-based products due to a potential contamination of those products that are manufactured by the third-party supplier; as a result of the impact of its recall, the company expects its full-year 2017 adjusted net earnings per diluted share to be at the lower end of its previously-stated range of $6.45-$6.55
  • PVH Corp. (PVH) raises its full-year earnings per share estimate to a range of $6.44-$6.54, from an earlier estimate of $6.24-$6.34
  • YuME (YUME): says it’s in discussions with RhythmOne plc regarding a potential business relationship with RhythmOne
  • Wal-Mart (WMT) enters into strategic partnership with Alphabet, Inc’s (GOOG) Google unite, whereby the company will offer hundreds of thousands of items for voice shopping via Google Assistant
Loading