Market Overview

Early Global News For Thursday: Groupon-IBM, Samsung SSD, Yahoo Deal Talk

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Thursday . March 3, 2016

 

Companies

 

AYA   Canada's Amaya taps Moelis to provide independent valuation of company  Reuters

 

FUJHY   CAJ    TOSYY    Fujifilm, Canon Are Front-Runners in Bidding for Toshiba Medical Business  ($6 billion deal and Fuji is frontrunner) WSJ

 

Miramax Is Bought by the Qatari beIN Media Group   (BeIN Media Group said it has purchased Miramax Films for an untold amount from investors that  include the Qatar Investment Authority and private-equity firm Colony Capital Inc.)    WSJ

 

HLF    Herbalife Overstated 2015 Growth in Active New Members   Bloomberg

 

GOOG  RUBi   (not mentioned)   RNTS buys Inneractive for up to $72M as ad tech consolidation continues   Techcrunch

 

BCS    Leaked document from the New York Fed says Barclays was 'weak' at preventing rogue traders   Bi

 

PRGO   MYL  In Deal Boom, More Firms Ask: Is My Banker Conflicted?    (Extra aware of conflicts, corporate boards require more loyalty from their advisers.)  WSJ

 

CXW  GEO  (not mentioned)   Number of Injury Claims at NYC Jails Jumps  (Over 2,800 claims submitted by inmates and correction workers last year, report states.)  WSJ

 

CXW  GEO  (not mentioned)   D.C. crime lab restarts DNA testing on limited basis after shutdown cast doubts over analysis   (The D.C. crime lab is continuing limited DNA testing this week however will still send more difficult cases for outside testing.)      Washington Post

 

CXW   GEO  (not mentioned) Fed up with wait, Santa Clara County Sheriff buys jail security cameras herself   San Jose Mercury News

 

PRU   ODMTY       FCA targets six life insurers in fee transparency probe    Reuters

 

GRPN    IBM sues Groupon over alleged patent infringement  (patent infringement)   Reuters

 

WB SINA EJ   Sina's Revenue Rose on Weibo's Performance    (Sina’s revenue was assisted by Weibo Corp. but the Chinese Internet company had 2016 revenue less than predictions.).   WSJ

 

SSNLF      Samsung launches new SSD storage for servers   Korea Times

 

PSTG   Pure Storage Posts Upside Surprise  (lower net loss and quarterly revenue more than doubled)   WSJ

 

SMTC  Semtech sees quarterly results above Street view   (Semiconductor creator Semtech Corp. documented final quarter results at the high end of its guidance and predicted first-quarter earnings and revenue over analyst estimates.)  WSJ

 

LNKD   LinkedIn's CEO gives his $14 million stock bonus back to employees to make up for plunge    Business Insider

 

YHOO  Yahoo is ready to talk about a deal and is asking potential buyers to sign confidentiality documents    Business Insider

 

UBS  UBS France is being investigated for alleged witness tampering  Business Insider

 

RKET.DE       Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others   Techcrunch

 

AMZN   More Code Speakers, Including Amazon CEO Jeff Bezos   re/code

 

AiBYY    Allied Irish almost doubles 2015 profits, election impacts IPO    Reuters

 

MS    Morgan Stanley Investment Management Raises $3.6 Billion for its Second Global Infrastructure Fund and Assembles a $2.2 Billion Co-investment Club Consisting of a Group of the Fund’s Investors    Press Release

 

AMD     Intel Kaby Lake to compete against AMD Zen at end of 2016   Digitimes

 

MSFT   INTC    China vendors pushing into 2-in-1 market    Digitimes

 

Panel equipment vendors see booming orders from China   Digitimes

 

 

 

Insurers Probed on Hepatitis C Drug Coverage    (New York's attorney general is looking into state health-insurance companies for supposedly limiting coverage of drugs that can heal hepatitis.)   WSJ

 

OCLS    Oculus Innovative Sciences Receives European Approval to Market Lasercyn Indicated for Use Following Laser Skin Resurfacing   Press Release


CSii   MDT  NXTM  (not mentioned)   Study: End Stage Renal Disease Patients Face Policy Barriers to Home Dialysis   Press Release

 

EA's Ultimate Team Worth $650 Million; Half of All Digital Extras  NDTV

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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