2017-01-22 21:36:50 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Electronics manufacturer Foxconn (HNHPF) is considering building a $7B-plus U.S. display panel factory under a joint investment with Apple (AAPL), according to the Nikkei. "Apple is willing to invest in the facility together because they need the [panels] as well," Foxconn chairman Terry Gou told reporters at a Taipei press event, the publication said. Separately, news broke shortly before Friday's session close that the iPhone giant has filed suit against Qualcomm (QCOM) over "unreasonable" licensing terms, with Qualcomm responding over the weekend that the claims are "baseless." 2. The SEC has opened an investigation into Yahoo's (YHOO) recently-disclosed cybersecurity breaches and whether the company, which has agreed to be acquired by Verizon (VZ), should have been quicker to alert investors about the attacks, according to sources quoted by the Wall Street Journal. 3. Cynosure (CYNO) is exploring strategic options and could draw interest from companies such as Allergan (AGN), Bloomberg reported Sunday. Elsewhere in potential M&A moves, the same publication said late Friday that Kate Spade (KATE) is generating interest from Coach (COH) and Michael Kors (KORS). 4. Samsung (SSNLF) held a press conference Sunday to announce the cause of the Galaxy Note7 overheating incidents, placing the blame on several battery issues and laying out steps taken to prevent a recurrence. 5. Alphabet (GOOG), GameStop (GME), Patterson Companies (PDCO) and Yahoo saw positive calls in Barron's, while Disney (DIS) and CF Industries (CF) were discussed more negatively. | |
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