2018-01-15 20:06:07 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Ford (F) is increasing its planned investments in electric vehicles to $11B by 2022, according to Reuters, citing chairman Bill Ford. This is up from the prior target of $4.5B by 2020, the report noted. Meanwhile, Fiat Chrysler (FCAU) CEO Sergio Marchionne said he has no plans to sell its Jeep business or split up the company, according to The Wall Street Journal. 2. Softbank (SFTBY) is planning to list its mobile phone unit SoftBank Corp. in Tokyo and overseas this year, possibly bringing in $18B, according to Nikkei Asian Review. The telecommunications giant is aiming to apply to the Tokyo Stock Exchange as early as the spring, the report added. 3. Dozens of companies presented driverless technology at the annual Consumer Electronics Show, Jon Swartz wrote in this week's edition of Barron's. But while optimism about the growth of the market comes as consumers appear to become more comfortable with self-driving "robo-taxis," the technology has not quite arrived, he notes, adding that autonomous cars are pricey and with drivers ready to take the wheel as a safety buffer. Among the players of the crowded road to the self-driving future are Alphabet (GOOG; GOOGL), Tesla (TSLA), BMW (BMWYY), Ford, Toyota Motor (TM), General Motors (GM), and Volkswagen (VLKAY), the report noted. 4. Sony's (SNE) "Jumanji: Welcome to the Jungle" maintained the top spot at the domestic box office for the second consecutive weekend, earning $28.1M from 3,849 theaters. The Dwayne Johnson and Kevin Hart-led remake has received an A- CinemaScore and got a 77% from Rotten Tomatoes. 5. Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), Alphabet, Vivendi (VIVHY), Franklin Resources (BEN), Pfizer (PFE), Amgen (AMGN), AbbVie (ABBV), Elli Lilly (LLY), Bristol-Myers Squibb (BMY), and Johnson & Johnson (JNJ) saw positive mentions in Barron's. | |
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