Top 10 News for 10/3 - 10/7: Nonfarm Payrolls Fall Short in Sept.; Tesla 'Delivers' in Q3; Merger Madness

October 7, 2016 3:55 PM EDT

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1. Total nonfarm payroll employment increased by 156,000 in September, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care. (Consensus estimates called for payrolls at 172,000 with an uneployment rate at 4.9 percent.) Click here for more color.

2. Bass Pro Shops and Cabela’s Incorporated (NYSE: CAB) announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.

3. SOMPO Holdings, Inc and Endurance Specialty Holdings Ltd. (NYSE: ENH) announced that they have entered into a definitive agreement for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO for US$93 per share in cash.

4. Tesla (Nasdaq: TSLA) delivered approximately 24,500 vehicles in Q3, of which 15,800 were Model S and 8,700 were Model X. This was an increase of just over 70% from last quarter's deliveries of 14,402. Tesla said its Q3 delivery count should be viewed as slightly conservative, as they only count a car as delivered if it is transferred to the customer and all paperwork is correct. Analysts were expecting a result that was a few thousand units fewer.

5. Twitter (NYSE: TWTR) was back on watch as Google and Apple were expected not to bid for the company. However, CNBC sources noted that there were plenty of suitors left for the social media giant. For the latest Twitter news, click here.

6. Boeing (NYSE: BA) and Qatar Airways announced an order for 30 787-9 Dreamliners and 10 777-300ERs, valued at $11.7 billion at list prices, validating the value, reliability and performance of Boeing's twin-aisle airplanes. The airline also signed a Letter of Intent for up to 60 737 MAX 8s, valued at $6.9 billion at list prices.

7. Henderson Group plc and Janus Capital Group Inc. (NYSE: JNS) announced that their respective Boards of Directors have unanimously agreed to an all-stock merger of equals. The combined company will be named Janus Henderson Global Investors plc.

8. KLA-Tencor Corporation (Nasdaq: KLAC) and Lam Research Corp. (Nasdaq: LRCX) announced that they have agreed to terminate their proposed merger agreement. The parties decided to it was not in the best interests of their respective stakeholders to continue pursuing the merger after the U.S. Department of Justice (the "DOJ") advised KLA-Tencor and Lam Research that it would not continue with a consent decree that the parties had been negotiating. No termination fees will be payable by either the Company or Lam Research in connection with the termination of the Merger Agreement.

9. MetLife (NYSE: MET) announced that Brighthouse Financial, Inc. filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (the “SEC”). The Form 10 outlines a planned separation of a substantial portion of MetLife’s U.S. Retail business. The filing of the Form 10 is an important step in MetLife’s plan to separate into two independent publicly traded companies.

10. Monsanto (NYSE: MON) reported Q4 EPS of $0.07 earlier this week, which was 9 cents better than the analyst estimate of ($0.02). Revenue for the quarter came in at $2.56 billion versus the consensus estimate of $2.38 billion. Monsanto sees FY2017 EPS of $4.50 - $4.90.

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Nonfarm Payrolls, Janus Capital, Twitter, Henderson Group, Tesla, Earnings, Definitive Agreement

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