2016-08-28 21:38:32 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. After Friday's market close, Carl Icahn announced the purchase of another 2.3M shares of Herbalife (HLF), adding that he continues to believe in the company and that he never ordered a sale of his holdings, contrary to statements by Bill Ackman earlier in the day. 2. The Financial Times reported that Amazon (AMZN) is in final negotiations with record labels to launch its own subscription music streaming service, stepping up competition in a space currently dominated by Apple (AAPL) and Spotify. 3. Having soared more than 25% in Friday's regular session as its alternative to Mylan's (MYL) EpiPen drew investor attention, Adamis Pharmaceuticals (ADMP) added another 6.6% in post-market trading after a spokesperson told Bloomberg the company is targeting a regulatory submission by year end and is open to partnerships. 4. AT&T (T) and Time Warner's (TWX) HBO announced a multi-year strategic agreement to bring the premium network to all AT&T products, with HBO's Simon Sutton remarking that "the entertainment landscape has evolved." 5. CF Industries (CF), Symantec (SYMC), Goldcorp (GG), Interface (TILE), Real Industry (RELY) and PayPal (PYPL) saw positive calls in Barron's, while Mylan, Infineon (IFNNY), and Signet Jewelers (SIG) were discussed more critically. | |
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