2020-01-20 19:55:50 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Boeing (BA) is close to securing a $10B loan, bolstering the plane maker's finances in the midst of a crisis that's seen its 737 Max jetliners grounded after two crashes, Bloomberg's Jacqueline Poh reported, citing people familiar with the matter. The financing could still be increased if demand from investors exceeds the target size, sources said. 2. Tesla (TSLA) said there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect, according to Reuters. On Friday, the National Highway Traffic Safety Administration said it would review the petition and released a redacted version that said "Tesla vehicles experience unintended acceleration at rates far exceeding other cars on the roads." 3. This week, Peacock (CMCSA) said it will offer live news and sports, original shows, movies from Universal's catalog, and back episodes of proven streaming winners like The Office and SNL, currently top draws on Netflix (NFLX) and YouTube (GOOG), Jack Hough wrote in this week's edition of Barron's. The killer feature, though, is the price as viewers will get about half the content for free, the author noted, adding that for $4.99 a month, subscribers get originals, premium movies, and 4K resolution. 4. Opening 17 years after the last installment in their franchise hit the big screen, Sony's (SNE) "Bad Boys for Life" earned an estimated $73.4M over the four-day Martin Luther King Jr. weekend, and $62.2M for the three days. Overseas, the movie collected $37.3M from 39 markets. "Bad Boys for Life" sports an A CinemaScore and a 76% Rotten Tomatoes rating. 5. KKR (KKR) and TSMC (TSM) saw positive mentions in this week's edition of Barron's. | |
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