Here are the companies Yahoo Finance is watching today.
A mixed quarter at General Mills (GIS). The food giant beat on profits last quarter but sales came up short, especially in North America. The CEO says the company has plans in place to accelerate growth into the rest of the year.
Amazon (AMZN) won't be the only place to find a deal on July 15 and 16. Target (TGT) is launching its own "Deal Days" — promising exclusive sales on toys, clothing and products for your home. It's not the only one taking on Amazon during Prime Day. Ebay (EBAY) is planning what it calls a "crash sale" with 50% off deals. Last year, Amazon's servers struggled to keep up with demand.
Apple (AAPL) is stepping in to save a company making self-driving cars. It purchased Drive.ai, a startup once valued at $200 million. Drive.ai was on the verge of shutting down, and had filed paperwork in California to close permanently. The price Apple paid wasn't disclosed, but it's expected to be less than $77 million.
The FAA is removing three senior managers who oversaw Southwest Airlines (LUV). The decision was made after whistleblowers pointed out they weren't doing their job correctly, according to the Wall Street Journal. At the same time, the Transportation Department is looking into lapses in documenting maintenance issues by the airline.
Netflix (NFLX) is set to lose its Number 1 show. “The Office” will go back to Comcast in 2021 and launch on NBC Universal's new streaming service. Netflix paid $100 million for its current deal with the popular comedy. The show ended its nine-season run on NBC in 2013.