These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Stocks in Asia traded lower on Monday morning, as investors await the start of a Nasdaq-style technology board on the Shanghai Stock Exchange.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Check out the companies making headlines before the bell:
Nutrisystem – The weight loss program company agreed to be bought by Tivity Health for $1.3 billion in cash and stock. Tivity, a provider of fitness and health improvement programs, will pay $38.76 per share in cash and a little over a fifth of a Tivity share for each share of Nutrisystem, giving the deal an implied value of $47 per share. Nutrisystem closed Friday at $34.20.
Travelport – The provider of travel commerce platforms agreed to be acquired by affiliates of Siris Capital Group and Evergreen Coast Capital for $15.75 per share in cash, or about $4.4 billion. Travelport had closed Friday at $15.40, but the stock had jumped five percent last Thursday after reports that the deal was close.
FedEx – Bank of America/Merrill Lynch downgraded FedEx to "neutral" from "buy", and cut its price target to $220 per share from $304. B of A/Merrill said the "surprise" change in management at the company's Express division may signal a reduction or delay achieving in its profit improvement target.
Facebook – Facebook increased its stock buyback authorization by $9 billion, on top of a previously authorized $15 billion.
Gilead Sciences – Gilead named Roche executive Daniel O'Day as its new chief executive officer as of March 1, 2019. Chief patent officer Gregg Alton will serve as interim CEO from January 1 until O'Day's start date. The drug maker had said in July that CEO John Milligan would step down at the end of this year.
Deutsche Bank - A potential merger between Deutsche Bank and Commerzbank would have the approval of Germany's finance ministry, according to a Bloomberg report.
Visteon – Visteon was downgraded to "sell" from "neutral" at Goldman Sachs, which expects an upcoming business update from the auto parts maker to be a negative catalyst for the stock.
WageWorks – WageWorks was upgraded to "market outperform" from "market perform" at JMP Securities, which cites a number of positive factors for the benefits administrator including valuation.
Yelp - Yelp is under fire from longtime shareholder SQN Investors. The Wall Street Journal reports that SQN is planning to send a letter to the online review company's board pushing it to add new members and to consider all options to get Yelp back on track, including a sale. Yelp issued a statement noting that SQN had provided the letter to the media before sending it to Yelp, but said it is committed to maintaining an open dialogue with SQN and other shareholders, and that it regularly evaluates opportunities to unlock its full business potential.
Papa John's – Papa John's founder John Schnatter has engaged a financial adviser to help him review alternative for increasing shareholder value, according to an SEC filing.
Universal Display – The provider of organic light emitting diode technology sees its stock join the S&P MidCap 400 as of today. It replaces restaurant operator Sonic, which has been acquired by Inspire Brands.