2017-03-26 20:41:16 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Evolent Health (EVH) is exploring a potential merger with The Advisory Board (ABCO), according to sources quoted by Reuters shortly before Friday's session close. Elsewhere in M&A, MoneyGram (MGI) announced Sunday a confidentiality agreement with Euronet (EEFT), while China Southern Airlines (ZNH) confirmed talks with American Airlines (AAL) over a "major strategic cooperation." 2. Amazon (AMZN) is exploring an "ambitious collection" of experiments in brick-and-mortar retail, with ideas ranging from furniture and home appliance sales to electronics stores, the New York Times reported. 3. Schlumberger (SLB) and Weatherford (WFT) announced the creation of a joint venture for well completion in North American unconventional resource plays, which Schlumberger CEO Paal Kibsgaard said "creates a new industry leader." 4. Disney's (DIS) "Beauty And The Beast" earned over $88M in its second weekend while Lionsgate's (LGF.A) "Power Rangers" debuted at a stronger than expected $40.5M as the two 1990s revivals faced off at U.S. box offices. 5. Viacom (VIA), SolarEdge (SEDG), SVB Financial (SIVB), Yahoo (YHOO) and GameStop (GME) saw positive calls in Barron's, while mall REITs including Seritage Growth Properties (SRG) and Simon Property Group (SPG) were discussed cautiously. | |
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