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Companies to Watch: AB Inbev lowers HK IPO range, GE faces labor troubles, Bed Bath & Beyond under pressure


Here are the companies Yahoo Finance is watching today.

The biggest IPO in years may be a little smaller than earlier forecast. The Wall Street Journal says Anheuser Busch InBev (BUD) is telling investors the public offering of its Asian unit will likely price at the lower-end of its range. That would put its raise closer to 8 billion dollars, rather than the nearly 10 billion many expected.

Labor troubles at General Electric (GE). Union workers have rejected a new contract, stunning the company and union leaders, who pushed for approval. That means they have to go back to the bargaining table. The deal would have covered about 6,600 workers from 11 different unions, and would have pushed up the amount they paid for their health care.

Bed Bath and Beyond (BBBY) is under a lot of pressure this morning, after another mixed quarter. Earnings topped estimates, but the retailer was hit with 400 million dollars in impairment charges, connected to its North American operations. Now the company is kicking off a strategic review of its brands, under interim CEO Mary Winston.

Morgan Stanley (MS) is revealing its stake in Slack. The bank says it has a 10% passive stake in the workplace-messaging company. As of June 28th, it had about 19.5 million shares.

Slurpee fans listen up!! It's 7-Eleven's (SVNDY) free Slurpee day! In honor of its name, date, and its birthday, 7-Eleven is giving away free slurpees today. The tradition has been around for more than a decade, with the first 7-Eleven Day dating back to 2002 as a way to celebrate the convenience store's 75th birthday.