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California Utility Stocks Collapse As California Wildfire Rages
Shares of PG&E (PCG) and Edison International (EIX​) are sliding amid California wildfires that began in the former's service territory.
Citi Downgrades Skyworks To Neutral, Cuts Targets On Nvidia, Qorvo
Citi analyst Atif Malik downgraded Skyworks Solutions to Neutral from Buy and lowered his price target for the shares to $85 from $116.
SAP Acquires Survey Company Qualtrics For $8B In Cash
SAP and Qualtrics International announced they have entered into a definitive agreement under which SAP intends to acquire Qualtrics, provider of experience management software.
Week In Review: How Trump's Policies Moved Stocks - Nov. 11, 2018
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:
Alibaba Generated $10b Of GMV In First Hour Of Global Shopping Festival
Early highlights of Alibaba's 2018 Nov. 11 Global Shopping Festival include: $10B of total GMV settled through Alipay in 1 hour and 48 seconds and participation from more than 180,000 brands.
NASCAR Offers To Acquire International Speedway For $42 Per Share
International Speedway Corporation announced it has received a non-binding offer from NASCAR to acquire all of the outstanding shares of Class A common stock and Class B common stock of the company for a cash purchase price of $42.00 per share.
Third Point Discloses New Position In American Express In Quarterly Letter
Third Point revealed it has taken a stake in American Express, as the firm thinks new CEO Stephen Squeri's focus on topline growth and underappreciated structural opportunities will "lead to more sustainable double-digit EPS growth going forward."
Activision Blizzard Reports Q3 Adjusted EPS 42c, Consensus 50c
Activision Blizzard reports Q3 net bookings $1.66B, consensus $1.66B.
IAC Beats Quarterly Estimates Amid Plans To Make Vimeo Standalone Segment
Shares of IAC are higher on Thursday after the company reported quarterly results and said it would change the way its businesses are organized.
Apple Price Target Raised To $253 From $226 At Morgan Stanley
Morgan Stanley analyst Katy Huberty said she thinks the market is underestimating both the growth and value impact of Apple's Services business, which she sees being the key growth driver for Apple over the next five years.
Monster Beverage Slides As It Fights To Stop Potential Coca-Cola Competition
In morning trading, shares of Monster Beverage have dropped over 8% to $51.40.
Tesla Names Telstra's Robyn Denholm As Full-Time Board Chair
Tesla announced that Robyn Denholm has been appointed as chair of its board, effective immediately.
News Corp. Reports Q1 Adjusted EPS 17c, Consensus 4c
After hours the stocks are experience a slight bump-up.
Analysts See AMD Competitive Positive Improving After Next Horizon Event
In afternoon trading, shares of AMD have gained over 5% to $21.75.
Analysts Say Buy Western Gas, Noble Energy After Colorado Prop 112 Fails
In morning trading, shares of Western Gas have jumped almost 13% to $46.30, while Noble Energy's stock has gained just over 6% to $28.67.
ITG To Be Acquired By Virtu Financial For $30.30 Per Share In Cash
ITG announced that it has reached a definitive agreement for Virtu Financial to acquire all outstanding shares of ITG's Common Stock for $30.30 per share in cash.
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