Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Change is coming to Prudential. The insurer’s long-time chairman and CEO, John Strangfeld, is retiring after 11 years at the helm. The current chief operating officer, Charles Lowrey, will take over. Strangfeld plans to stay around until next April to help with the transition.
TV ratings company Nielsen may be looking to sell. The company says it’s expanding a strategic review under pressure from a hedge fund. Now it’s working with JPMorgan Securities and Guggenheim Securities, along with a law firm, to find a potential buyer. It’s not clear if any other firm has expressed interest yet in a deal.
Tiffany also in the spotlight today after a big upgrade. Oppenheimer now says the stock will outperform and has raised its price target to $152 a share. Tiffany boosted its earnings forecast last month as earnings soared 26%. The CEO says it is making key investments to achieve its full growth potential.
There’s more pressure today on Tesla with a key rival set to launch its U.S. IPO. Depository receipts for the Chinese electric car maker NIO start trading today on the New York Stock Exchange. But it has priced shares at around a billion dollars, far below the $2.3B expected. NIO is already producing one electric SUV in china and plans to start delivering a second model next year.
More trouble today for Uber. A new lawsuit in California claims the car sharing service is cheating drivers to the tune of $500M a year. That’s because Uber classifies its drivers as independent contractors, not employees. No response yet from Uber.