Here are some of the stocks the Yahoo Finance team will be watching for you today. We start with biggest tech deal in history.
EMC (EMC) The data storage firm is being bought by Dell and private equity firms Silver Lake and MSD partners for about $67 billion in cash and stock, or $33.15 a share.
Eli Lilly (LLY) is stopping development of its cholesterol drug evacetrapib because it was ineffective in clinical trials. The company also said it will take a fourth quarter charge of as much as $90 million for research and development costs for related to the drug.
Twitter (TWTR) employees could get hit with pink slips just a week after Jack Dorsey officially took the reins back at the social media company. Reports are surfacing that Twitter is set to announce company-wide layoffs this week as it struggles to stay more relevant. However, it's not clear yet how many of its 4,200 employees will be let go.
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Mattel (MAT) is getting the thumbs up from Barron’s. The financial newspaper reports that shares of the world's biggest toymaker could stage a comeback--rising 35% in a year thanks to a new brainier Barbie and its 7% dividend yield.
Fiat Chrysler (FCAU) disclosed a $48 - $52 price range for the initial public offering of Ferrari, which it owns. An IPO in that range could value the luxury sportscar maker at close to $10 billion. The Italian/U.S. automaker plans to sell 10% of Ferrari, with 80% being distributed to Fiat Chrysler shareholders, and the remaining 10% staying with the Ferrari family. Ferrari shares will trade on the New York Stock Exchange under the ticker “RACE,” but no date has been set for its Wall Street debut.
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