U.S. stock futures higher after two-day selloff
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Anthem (ANTM) to Acquire Cigna (CI) for ~$188/Share
July 24, 2015 6:01 AM EDTAnthem, Inc. (NYSE: ANTM) and Cigna Corporation (NYSE: CI) announced that they have entered into a definitive agreement whereby Anthem will acquire all outstanding shares of Cigna in a cash and stock transaction and Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem common shares for each Cigna common share. The total per share consideration equates to approximately $188.00 for each Cigna share based on Anthem's closing share price on May 28, 2015, valuing the transaction at $54.2 billion on an enterprise basis.
The combined company will be an industry leader with enhanced... More
SanDisk's (SNDK) Price Target Raised to $85 at FBN Securities
July 23, 2015 2:56 PM EDTFBN Securities maintained an Outperform rating on SanDisk (NASDAQ: SNDK) and raised its price target to $85.00 (from $75.00). The change follows strong Q2 results.
Analyst Shebly Seyrafi said, "SNDK reported a good FQ2 quarter relative to diminished expectations, and we now see... More
Jefferies Says Upside Trends Wont Continue into American Express' (AXP) 2H; Maintains Hold
July 23, 2015 9:06 AM EDTJefferies maintained a Hold rating and $85.00 price target on American Express (NYSE: AXP) following its 2Q earnings report. AXP reported 2Q15 EPS of $1.42 versus consensus of $1.32. Analyst John Hecht believes this figure represented the impact from certain items which are unlikely to... More
