Fly Intel: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) has agreed to sell its high-tech car-parts unit, Magneti Marelli, to KKR's (KKR) Calsonic Kansei, according to Bloomberg, citing people familiar with the matter. An announcement is scheduled for as early as Monday, sources said. The transaction value could be as much as $7.1B, the report added. 2. Fertitta invited Caesars earlier this month to merge with his own gaming empire, which includes the Golden Nugget casino chain, according to The New York Post. But Caesars' (CZR) board, which includes reps from billionaire Leon Black's Apollo Management (APO) and David Bonderman's TPG, is expected to unanimously reject Fertitta's deal as soon as this week, believing it would saddle the casino giant with too much debt, the report noted, citing two sources familiar with the situation. 3. A year ago, Facebook's (FB) global dominance made it the perfect stock but today, that dominance has exposed the company to security issues and privacy concerns, Al Root wrote in this week's edition of Barron's. In assessing the latest bout of market volatility, Barron's decided to come up with a more systematic approach to measuring FAANG - Facebook, Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL; GOOG) - risk. Netflix emerged as the winner in Barron's initial risk assessment, Root said, as it is less vulnerable to privacy and trade issues. But its risks are mounting, with the streaming giant likely meeting its fiercest competition to date next year, when Disney (DIS) launches its new streaming service, the publication added. 4. Comcast (CMCSA) subsidiary Universal's "Halloween" opened to $77.5M from 3,920 theaters, the second-best showing of all time for an R-rated horror pic, the second-best debut ever for the month of October and the biggest-grossing "Halloween" movie of all time. Overseas, the direct sequel to the 1978 classic slasher hit started off with $14.3M from its first 23 markets, for a global bow of $91.80M. The movie earner a B+ CinemaScore and sports 80% Rotten Tomatoes score. 5. Alibaba (BABA), Tencent (TCEHY), Baidu (BIDU), Citizens Financial (CFG) and Under Armour (UAA) saw positive mentions in Barron's.