2018-06-24 19:31:25 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. General Electric (GE) is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3B or more, according to The Wall Street Journal, citing people familiar with the matter. 2. The health venture established by Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and JPMorgan (JPM) will take aim at intermediaries in the health-care system as a part of a broad effort to reduce wasteful spending, according to Bloomberg, citing the venture's newly named CEO. 3. Big banks are expected to get the green light from the Federal Reserve to "shower their shareholders" with increased dividends and share repurchases, and announcements of capital returns could provide a lift to bank stocks, Andrew Bary wrote in this week's edition of Barron's. Among the biggest banks, JPMorgan may raise its dividend by about 50%, boosting its yield to 3%, while Citigroup (C) could be cleared to repurchase 10% of its stock, the report noted. 4. Universal (CMCSA; CMCSK) and Amblin's "Jurassic World: Fallen Kingdom" debuted with $150M and grossed more than $700M globally. The film earned an A- and sports a 50% Rotten Tomatoes. 5. Twitter (TWTR) saw a positive mention in Barron's, while Mednax (MD) was mentioned cautiously. | |
---|