| 2019-07-21 19:30:03|
BYND, TGT… 19:30 07/21 07/21/19
Fly Intel: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Equifax (EFX) is nearing a deal to settle a slew of state and federal investigations into a 2017 data breach that exposed nearly 150M Americans' Social Security numbers and other sensitive personal information, The Wall Street Journal's AnnaMaria Andriotis writes. Under the agreement, the company would pay around $700M to settle with the Federal Trade Commission, the Consumer Financial Protection Bureau and most state attorneys general, according to people familiar with the matter. 2. CBS (CBS) and AT&T (T) failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming, according to Reuters. 3. Netflix (NFLX) has a problem and the company's strengths-including scale, value, and a vast library-may not be enough to make up for shortfalls in show quality, Tae Kim wrote in this week's edition of Barron's. Following quarterly results, Netflix's aura of invincibility is under question as the company stunned Wall Street with subscriber growth that came in nearly 45% lower than Netflix's own projections, the author noted, adding that pricing and content are the two critical issues in the disappointment. 4 Disney's (DIS) "The Lion King" opened to a record-breaking $185M at the North American box office over the weekend for a global total of $531M. Overseas, the movie earned $269.4M from 52 markets. "The Lion King" received 55% on Rotten Tomatoes and an A CinemaScore. 5. Target (TGT), FedEx (FDX), Beyond Meat (BYND), KeyCorp (KEY), Signature Bank (SBNY), U.S. Bancorp (USB), MasterCard (MA), Visa (V) and PayPal (PYPL) saw positive mentions in this week's edition of Barron's.