Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
JPMorgan Chase (JPM) tops our list. The bank is naming Mark Leung as CEO of its China business. JPMorgan is also submitting an application for a majority owned onshore securities business and is looking to double its research on Chinese companies.
Xerox (XRX) is axing its merger deal with Japan’s Fujifilm. The move comes after activist investors Carl Icahn and Darwin Deason took control of Xerox earlier this month. Icahn and Deason previously blasted the deal saying it severely undervalued the iconic American company. Fujifilm says it’s looking into options including legal action to keep the merger in place.
Symantec (SYMC) is looking to bounce back after getting hammered on Friday. The stock plunged over 33% after announcing an internal audit. The Norton antivirus provider said the investigation was “in connection with concerns raised by a former employee.” The company has provided no other details.
Sony (SNE) wants to be friends with Charlie Brown. The Japanese electronics maker is buying a stake in Peanuts Holdings. Under the deal, Sony will buy 39% of the company from Canada based DHX Media. DHX will then own 41% and the family of Peanuts creator Charles Schulz will own the remaining 20%.
Nintendo (NTDOY) is bringing back a fan favorite. The video game maker will restock its popular NES Classic Edition console on June 29. The device comes pre-loaded with 30 retro games like Super Mario Brothers and Donkey Kong. The console launched in 2016 and sold out almost immediately.
