Markets
Arby's to buy Buffalo Wild Wings
The parent company of the "we have the meats" restaurant announced plans to acquire Buffalo Wild Wings in a deal valued at $2.9 billion. The Associated Press reports that this amount represents a 7 percent premium to Buffalo Wild Wings' most recent closing price. [Full Article...]
New Teva CEO shakes up structure and leadership at troubled drugmaker
Cowen and Company reiterated an "outperform" rating and issued a $50.00 price objective on shares of Teva Pharmaceutical Industries in a research report on Tuesday, April 4th. Maxim Group reiterated an "outperform" rating and issued a $35.00 price objective on shares of Teva Pharmaceutical Industries in a research report on Wednesday, March 29th. [Full Article...]
Jefferies Decides to Upgrade Marvell Technology Group Ltd (NASDAQ:MRVL) Stock
Koninklijke Philips N V now has $36.81 billion valuation. The stock rose 0.23% or $0.26 reaching $112.23 per share. Its opening price on the last trading day was $23.83. Several research analysts have issued reports on MRVL shares. National Bank Of America De owns 1.17M shares. Perritt Capital Management Inc owns 651,191 shares or 0.91% of their United States portfolio. [Full Article...]
Planes' wings clip each other at JFK in NY
The Federal Aviation Administration says the other plane involved was EgyptAir Flight 986, a Boeing 777 headed to Cairo. A spokesman for Virgin said: 'Our VS4 flight from NY to London Heathrow sustained damage to the wingtip whilst taxing to the runway at JFK airport on November 27. [Full Article...]
Barracuda Networks, Inc. (NYSE:CUDA) Moves Into Potential Pullback Territory
Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Group LLC now owns 14,118 shares of the communications equipment provider's stock worth $326,000 after acquiring an additional 343 shares during the period. [Full Article...]
Scotiabank's Q4 profit inches up 3% amid Canadian, global growth
The Said family owns more than 31 per cent of BBVA Chile. The company said its bottom line rose to $2.01 billion, or $1.65 per share. For the quarter ending Jan-18, 6 analysts have a mean sales target of 7,145.66 million whilst for the year ending Oct-17, 14 analysts have a mean target of 27,658.00 million. [Full Article...]
SoftBank Is Said to Seek Uber Shares at $48 Billion Valuation
Locking in the investment from SoftBank has been a top priority for new Uber Chief Executive Officer Dara Khosrowshahi. In past days, Uber has been hit with a proposed class action suit over the hack and Khosrowshahi has been sent angry letters from members of congress demanding more details about the company's behavior. [Full Article...]
Michigan, Enbridge reach deal to boost safety of pipelines
Opponents of the pipeline have called for its complete shutdown, with concerns on the condition of the pipeline increasing after Enbridge's admissions in recent months that gaps had formed in its protective coating. The state and Enbridge also agreed to look at installing underwater cameras and other technology to help monitor the pipeline. -Canadian border with a new pipe inside a tunnel afte... [Full Article...]