| 2016-10-16 20:43:26|
MENT, QSII… 20:43 10/16 10/16/16
On The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Mentor Graphics (MENT), a maker of electronics design software, is working with an investment bank to explore strategic options, according Reuters. Elsewhere in M&A news, Quality Systems (QSII) jumped in late trading Friday following media reports pointing to a possible sale. 2. Constellation Brands (STZ) is nearing a deal to sell its Canadian wine unit in a transaction valued at roughly C$1B, according to the Wall Street Journal. 3. Adding to a number of recent departures at the restaurant giant, McDonald's (MCD) could see another set of high-level exits this week, including the retirement of chief field officer Karen King, the Wall Street Journal said. 4. Tesla (TSLA) CEO Elon Musk delayed the company's upcoming product announcement to Wednesday from Monday. 5. U.S. Steel (X), PVH Corp (PVH), FMC (FMC) and Samsung (SSNLF) were discussed positively by Barron's, while the significant short interest in Amazon (AMZN) was also highlighted by the publication.