On The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. U.S. mall owner GGP (GGP) has rejected a $14.8B offer from the company's biggest shareholder, Brookfield Property (BPY), according to Reuters, citing people familiar with the matter. Brookfield Property made a $23 per share cash and stock offer last month for the 66% of GGP it does not already own, the publication noted. 2. Ascension and Providence St. Joseph Health, both nonprofits, are talking about combining, which would create an entity of unprecedent reach, according to The Wall Street Journal, citing people familiar with the matter. A deal would dethrone the nation's largest pure hospital operator, HCA Healthcare, the publication noted. 3. With Direct TV, AT&T (T) is trying to woo cord cutters and is not alone in the game, with Dish (DISH), Sony (SNE), Google (GOOG; GOOGL) and Hulu all launching their own internet TV bundles or MVPDs, Alex Eule wrote in this week's edition of Barron's. Tech's incursion into television means that scale is becoming more important than ever, especially if the cable bundle begins to fall apart, he noted, adding that a growing sense of desperation seems to be driving Walt Disney's (DIS) interest in buying the bulk of 21st Century Fox (FOX; FOXA). 4. Disney and Pixar's "Coco" remained number one in its third weekend, grossing another $18.3M for a domestic total of $135.5M. Overseas, the movie earned another $55.3M for a foreign cume of $253M. "Coco", which tells a story about the popular Mexican holiday Dia de Los Muertos, received an A+ CinemaScore and 96% from Rotten Tomatoes. 5. Alphabet, Delta Air Lines (DAL), Berkshire Hathaway (BRK.A), Volkswagen (VLKAY), Pioneer Natural Resources (PXD), Applied Materials (AMAT), Enterprise Products Partners (EPD), Ally Financial (ALLY), Anthem (ANTM), US Foods Holding (USFD), Toyota Motors (TM), Sony, and Softbank (SFTBY) saw positive mentions in Barron's while TJX (TJX), Ross Stores (ROST), MBIA (MBI), and CVS (CVS) were mentioned cautiously.