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Disney Down After Announcing Specifics For ESPN+ Streaming Service
Monday, April 2, 2018 4:23 PM EDT
Disney is lower in afternoon trading after announcing the launch date and pricing of its long discussed ESPN+ streaming service.
In this article: DIS
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Nike In Focus As Company Works To Address 'Boys Club' Culture
Monday, April 2, 2018 2:50 PM EDT
Shares of Nike are in focus after a report that athletic apparel giant is working to address and correct its "boys club" culture.
In this article: NKE
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Morgan Stanley Sees Fitbit's New Products Struggling To Offset Declining Demand
Monday, April 2, 2018 1:05 PM EDT
Shares of Fitbit are falling after a Morgan Stanley analyst downgraded the stock citing struggles to stabilize revenue and a resumption of cash burn.
In this article: FIT
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Coca-Cola Tells Shareholders To Reject TRC Capital's Mini-Tender Offer
Saturday, March 31, 2018 7:32 PM EDT
Coca-Cola said it has learned of an unsolicited mini-tender offer by TRC Capital for the purchase of up to 2.5M shares at $41.50 per share. The stock closed yesterday up 10c to $43.33.
In this article: KO
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Walmart Acquiring Humana Not Likely At This Point, Bloomberg Reports
Friday, March 30, 2018 10:12 AM EDT
Walmart is in talks with Humana for a closer partnership to provide health care to consumers at home and prevent illness.
In this article: WMT, HUM Also: ANTM, UNH, CL, CNC, AET
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Analyst Slashes Starbucks Price Target After Seeing Slower Sales In China
Thursday, March 29, 2018 4:44 PM EDT
Starbucks is not participating in Thursday's rally after an analyst at Wedbush lowered his rating on the stock to Neutral from Outperform.
In this article: SBUX
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JPMorgan's Tusa Confident In $11 GE Target Amid Buffett Speculation
Thursday, March 29, 2018 9:49 AM EDT
JPMorgan analyst Stephen Tusa points out that Warren Buffett's past involvement in General Electric has ended up being wrong from a "stock and valuation perspective."
In this article: GE
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Equifax Climbs After Appointing Former GE Executive Mark Begor As CEO
Wednesday, March 28, 2018 1:40 PM EDT
Shares of Equifax are in focus after the company appointed former GE executive Mark Begor as its new chief executive officer.
In this article: EFX Also: GE
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Adobe, Nvidia Announce Partnership For AI Services For Creativity
Wednesday, March 28, 2018 10:43 AM EDT
Adobe and Nvidia announced a strategic partnership via which the companies will work to optimize the Adobe Sensei AI and machine learning framework for Nvidia GPUs.
In this article: ADBE, NVDA
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Takeda Confirms Takeover Offer For Shire Under Consideration
Wednesday, March 28, 2018 9:07 AM EDT
Takeda Pharmaceutical overnight confirmed that it is considering making an approach to Shire regarding a possible offer for the company.
In this article: SHPG, TKPYY
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Rio Tinto Sells 80% Interest In Kestrel Coal Mine For $2.25B
Wednesday, March 28, 2018 7:06 AM EDT
Rio Tinto said last night that it entered into a binding agreement with a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk, for the sale of its entire 80% interest in the Kestrel underground coal mine for $2.25B.
In this article: RIO
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BofA/Merrill Cuts Facebook Target To $210 On Increased Regulatory Risk
Tuesday, March 27, 2018 9:42 AM EDT
Bank of America Merrill Lynch analyst Justin Post cut his price target for shares of Facebook to $210 from $230 citing increased regulatory risk.
In this article: META Also: MSFT
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GlaxoSmithKline Acquires Novartis Stake In Consumer Healthcare Venture For $13B
Tuesday, March 27, 2018 6:44 AM EDT
GlaxoSmithKline announces that it has reached an agreement with Novartis for the buyout of Novartis' 36.5% stake in their Consumer Healthcare joint venture for $13B.
In this article: GSK, NVS
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Facebook Drops After FTC Confirms Probe Of Data Practices
Monday, March 26, 2018 12:43 PM EDT
Shares of Facebook dropped in late morning trading after the Federal Trade Commission announced it is investigating the company's data practices in the wake of the Cambridge Analytica leak of 50 million users' information.
In this article: META
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Microsoft Has Path To $1T Market Cap, Says Morgan Stanley
Monday, March 26, 2018 10:45 AM EDT
Analyst Keith Weiss said Microsoft's Public Cloud offering is differentiated from those of cloud giants Amazon and Google as it spans from core Infrastructure Services to Platform-as-a-Service capabilities and up the stack to the application layer.
In this article: AMZN, MSFT, GOOGL
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Lowe's Jumps After CEO Robert Niblock Announces Retirement Plans
Monday, March 26, 2018 9:41 AM EDT
Shares of home improvement retailer Lowe's jumped in pre-market trading after the company announced that its long-time chief executive officer will retire from the company.
In this article: LOW Also: HD, AMZN
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