Here’s a look at some of the companies the Yahoo Finance team is watching for you today.
A bad review from a key shareholder at Yelp. The Wall Street Journal says SQN Investors is leading a push to add new board members to the review website. The hedge fund, which holds a 4% stake in Yelp , is upset over what it calls a quote ‘consistent pattern of operational blunders’. Yelp says it will continue a dialogue with investors.
GM is joining the fight to keep tax credits for electric cars. The company is pushing back on President Trump, who said he’s looking to scrap the credits. That came in reaction to GM’s plans to shutter some plants.
A big deal in the weight-loss world. Tivity Health is buying Nutrisystem for $1.4 billion. Tivity shareholders will own about 87% of the combined companies. Nutrisystem’s CEO will join the Tivity board and become COO. No brands are expected to be cut as a result of the deal.
SoftBank is moving ahead with one of the largest IPO s in history. The company priced the public offering of its Japanese mobile business at $23.5 billion. At that price it’s second only to Alibaba in size. The IPO is the latest move by CEO Masayoshi Son to reposition the bank as a tech investor.
FedEx isn’t feeling the holiday cheer after a shake-up in its C-suite. Bank of America Merrill Lynch downgrading the stock to buy from neutral and cutting its price target by nearly 27%. That’s after the abrupt departure last week of the head of the company’s Express unit during its busiest season of the year.