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Time Inc. (TIME) – The company has reportedly turned down a buyout offer from Edgar Bronfman to acquire it for $18 per share. The New York Post reports that Bronfman teamed up with Israeli businessman Ynon Kreiz and Access Industries to bid for Time.
Barclays (BCS) – The bank sold its wealth and investment management business in Singapore and Hong Kong for $225 million to Singapore’s Oversea-Chinese Banking Corp. Barclays was hoping to raise $320 million from the sale.
Amazon (AMZN) – The online retail giant is on investors’ radars on Cyber Monday. Amazon has slashed prices on its Echo, Kindle and Fire TV stock, as well as other hardware, in an effort to attract shoppers. The company is expecting a record-breaking number of orders this year.
Panera Bread (PNRA) – Wedbush downgraded Panera Bread to neutral from outperform and kept its price target on the stock at $220 per share.
UPS (UPS) – The packaging company’s CEO David Abney said Black Friday weekend shipping met the company’s expectations. UPS maintains its forecast of 14% growth in deliveries to a record 700 million for the holiday period.
Walt Disney (DIS) – Disney’s ‘Moana’ raked in $81.1 million during Thanksgiving weekend. It’s the second largest Thanksgiving debut ever, behind Frozen, for the Wednesday to Sunday period.