Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Billionaire investor Carl Icahn is going toe-to-toe with Dell executives. He’s increasing his stake in Dell by 8.3%. That’s because Icahn is looking to block a plan to make the computer maker public again without a new IPO. He feels the move would undervalue shares and is encouraging shareholders to block the move as well.
Apple is making another big bet on streaming music. It’s buying music the analytics start-up Asaii. The purchase price is less than $100M. San Francisco-based Asaii uses machine learning to predict the next big hit song. The acquisition could be a way to help Apple better compete with Spotify and other streaming services.
General Motors is getting into the extended warranty business. Starting today, buyers can add a 2-year warranty, direct from GM, to their new cars. Pricing will be up to dealers, but most will run in the $1,000 – $2,000 range. Most traditional extended warranties are offered through third-party providers.
Walmart has agreed to pay some of its cashiers upwards of $65M. They’re part of a class action suit alleging the retailer didn’t give some cashiers stools, when they requested one. A judge still has to sign off on the proposed settlement. Walmart insists it did nothing wrong, but has agreed to not retaliate against cashiers who request to sit.
Sotheby’s auction house is getting another crack at that now shredded Banksy painting. The piece has been re-named ‘Love is in the Bin’ and was back on display at Sotheby’s over the weekend. The auction house insists it had nothing to do with the prank that left the piece shredded, just after it sold for $1.4M.