2017-06-25 21:09:39 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Nestle (NSRGY) is the latest target of Dan Loeb's Third Point, with the activist fund disclosing a $3.5B stake and urging a sale of the food and drink conglomerate's stake in L'Oreal (LRLCY), among other changes. 2. Takata's (TKTDY) struggle to respond to the heavy costs of its airbag rupture scandal culminated Sunday with the announcement of a bankruptcy filing and an agreement to sell nearly all assets to Michigan-based Key Safety Systems. 3. Whole Foods (WFM) dipped shortly before Friday's close after Reuters reported that, contrary to speculation, Wal-Mart (WMT) is not actively considering launching a counter-bid against Amazon's (AMZN) deal to acquire the company. 4. Viacom (VIA) subsidiary Paramount's "Transformers: The Last Knight," the fifth entry in the transforming robots series, opened at a franchise-low $45.3M in U.S. box offices while Time Warner's (TWX) "Wonder Woman" showed continued strength, reaching a domestic total of $318M. 5. NCR Corp (NCR), Assurant (AIZ), Alexion (ALXN), United Therapeutics (UTHR), Red Hat (RHT) and Cigna (CI) drew positive mention in Barron's, while Foot Locker (FL) was discussed cautiously. | |
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