Best Buy Co. (BBY US):
The electronics retailer’s shares may slide if management can’t figure ways to retake market share from online competitors such as Amazon, Barron’s reported in its “The Trader” column.
Boeing Co. (BA US)
declined 2.8 percent to $60.97. The airplane maker and the National Labor Relations Board failed to reach an agreement on Boeing’s request to shield documents related to a 787 Dreamliner factory.
Education Management Corp. (EDMC US):
The for-profit education company boosted its buyback program to $325 million from $250 million.
L-3 Communications Holdings Inc. (LLL US):
Relational Investors LLC cut its stake in the defense contractor that makes surveillance cameras for military aircraft to 3.7 percent from 6 percent.
Mistras Group Inc. (MG US) The provider of testing for the soundness of bridges, oil refineries, wind turbines and other infrastructure may rise to the mid-20’s in 18 months or less as earnings climb, Barron’s reported.
O’Reilly Automotive Inc. (ORLY US):
The auto-parts retailer said it increased its share repurchase program by $500 million.
PepsiCo Inc. (PEP US):
The beverage and snack-food maker is undervalued in light of its earnings outlook, potential growth in emerging markets and the possibility of a spinoff, Barron’s reported.
Prudential Financial Inc. (PRU US)
fell 3.7 percent to $52. The insurance company may gain 38 percent or more on its purchase of AIG’s life-insurance business in Japan, which faces growing demand from an aging population, Barron’s reported.
Transatlantic Holdings Inc. (TRH US):
Warren Buffett’s Berkshire Hathaway Inc. offered about $3.25 billion to buy the reinsurer previously owned by American International Group Inc. For the latest updates PRESS CTR + D or visit Stock Market news Today
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