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JC Penney's woes continue
JC Penney’s woes continue
J.C. Penney plunges after slashing 2017 earnings view
Shares of J.C. Penney (JCP) are down 21%, a new multi-year low, after the retailer slashed its forecast for fiscal 2017 as it accelerated actions to liquidate inventory and overhauled its women’s apparel department. Following the implementation of the “reset,” the retailer said it has already seen an improvement in performance.
THIRD QUARTER…
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Changes to S&P 100 and 500 Indices
Changes to S&P 100 and 500 Indices
S&P announces changes to S&P 100, 500 indices
S&P Dow Jones Indices will make the following changes to the S&P 100 and S&P 500 indices:
Quintiles IMS Holdings (Q) will replace Whole Foods Market (WFM) in the S&P 500 effective prior to the open on Tuesday, August 29.
S&P 100 & 500 constituent Amazon.com (AMZN) is acquiring Whole Foods Market in a deal expected to be completed on Monday, August 28.
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Siris Capital Offers $18 a Share for Synchronoss
Siris Capital Offers $18 a Share for Synchronoss
Synchronoss surges after Siris Capital offers to Acquire Company for $18/share
Shares of Synchronoss have jumped after the company disclosed in a regulatory filing that Siris Capital Group delivered a letter to the company indicating that they believe they could be in a position to acquire the company in an all-cash acquisition at $18.00 per share of common stock, subject to completion of…
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Glencore raises offer for Rio Tinto's Coal & Allied
Glencore raises offer for Rio Tinto’s Coal & Allied
Glencore raises offer for Rio Tinto’s Coal & Allied to $2.675B plus royalties
Glencore (GLNCY) announced that it has submitted an improved irrevocable binding offer to acquire Rio Tinto’s (RIO) 100% interest in Coal & Allied Industries Limited for $2.675B cash plus a coal price linked royalty.
All cash is payable in full immediately upon completion. Glencore’s offer is at least $225M greater…
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FDA Grants Thermo Fisher Pre-Market Approval for Oncomine Test
FDA Grants Thermo Fisher Pre-Market Approval for Oncomine Test
Thermo Fisher says FDA grants premarket approval for Oncomine Dx Target Test that simultaneously screens tumor samples for three FDA-approved therapies for non-small cell lung cancer
Thermo Fisher ( $TMO) announced that the FDA has granted premarket approval for its #Oncomine Dx Target Test, which the company called the first next-generation sequencing-based test that simultaneously screens…
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AMD EPYC's Gain, Intel's Loss
AMD EPYC’s Gain, Intel’s Loss
AMD processors seen as threat to Intel in the data center
The shares of Advanced Micro Devices (AMD) are climbing after the company announced the launch of its EPYC series data center processors.
Analysts were upbeat on the processors, as research firms Canaccord and Craig-Hallum raised their price targets on AMD and Bank of America Merrill Lynch said the processors could create a positive…
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Amazon to acquire Whole Foods for $42 per share
Amazon to acquire Whole Foods for $42 per share
Amazon will acquire Whole Foods Market for $42 per share in an all-cash John Mackey will remain as CEO of Whole Foods Market
Amazon (AMZN) and Whole Foods Market (WFM) announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7B, including Whole Foods Market’s net…
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