Microsoft (MSFT) Comments on NFL/Surface Issue; Will Continue to Work League, Teams to Address Problems Oct 21, 2016 01:03PM

Microsoft (Nasdaq: MSFT) posted the following to its Surface blog on Friday:

This week Surface has been at the center of the debate on the role of technology in the NFL, with different opinions shared from coaches and players. We thought it might be valuable to share some additional context from our perspective.

We love the NFL. We love the game, the players, the coaches, and the fans. We have deep respect for the teams – and the IT Pro’s who work tirelessly behind... (continue reading...)

SEC Charges Former Pinnacle Financial (PNFP) Director with Insider Trading Related to Avenue Financial Deal Oct 21, 2016 11:50AM

The Securities and Exchange Commission today charged a Tennessee-based lawyer who served on the executive committee of the board of directors at Nashville-based Pinnacle Financial Partners (Nasdaq: PNFP) with insider trading based on nonpublic information he learned about an impending merger.

The SEC alleges that James C. Cope obtained more than $56,000 in ill-gotten gains by purchasing securities in Pinnacle’s acquisition target, Avenue Financial Holdings, prior to... (continue reading...)

UPDATE: US Foods (USFD) Said Planning Hundreds of Job Cuts Amid HQ Restructuring Oct 21, 2016 08:41AM (Updated - October 21, 2016 8:41 AM EDT)

US Foods (NYSE: USFD) said planning hundreds of job cuts, according to the WSJ.

UPDATE - The cuts come as US Foods moves to restructure its headquarters in Chicago. The company employs about 25,000 people.

US Foods has been moving to reduce overhead ever since its proposed merger with Sysco was upended last year.

Cuts will come in corporate roles such as accounting, human relations, and IT.

NOTE: Yesterday, US Foods announced that... (continue reading...)

SunEdison (SUNEQ) creditors sue dozens of lenders over January deals; want 'hundreds of millions' back - Bloomberg Oct 21, 2016 07:35AM

SunEdison (OTC: SUNEQ) creditors sue dozens of lenders over January deals, saying HID were toxic finances, according to Bloomberg.

unsecured creditors ask for 'hundreds of millions' back.

JPMorgan (JPM) names Orssten head of EMEA debt capital markets - Bloomberg Oct 21, 2016 07:33AM

JPMorgan (NYSE: JPM) names Orssten head of EMEA debt capital markets, according to Bloomberg, citing an internal memo. Leveraged finance head Doody to move to another role.

Orssten will retain the role in EMEA lloan and high yield head.

The company reorganized its leveraged finance division into three units.

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