Carl Icahn reportedly considered selling Herbalife stake; Apple’s urgent iPhone software update; Tesla wins antitrust approval
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Herbalife (HLF) — The Wall Street Journal is reporting that Carl Icahn considered selling his stake in Herbalife to a group that included activist investor Bill Ackman, who’s famously called the company a pyramid scheme. Icahn’s possible sale would come just a few weeks after he said he was more confident in the company following its settlement with the FTC.
Apple (AAPL) — The big tech giant has issued a global iPhone security update after a human rights lawyer said he had received unsolicited text messages. The glitch was that spyware could be installed on a target’s device by getting the user to click on a link.
Tesla (TSLA), SolarCity (SCTY) — Federal antitrust regulators have approved Tesla’s bid to buy SolarCity. Tesla announced the merger in June and proposed terms for the takeover on August 1.
Big Lots (BIG) — The company reported a decline in revenue but raised its profit forecast for the year. Big Lots now expects adjusted earnings per share of $3.45 to $3.55, up from its prior forecast of $3.35 to $3.50.
Anheuser-Busch InBev (BUD) – The company is warning that its big merger with SABMiller could lead to thousands of job cuts. Anheuser-Busch said about 3% of the total combined workforce could be laid off. The two companies currently have about 220,000 employees.
GameStop (GME) — The world’s largest retailer of video games disappointed investors after reporting weaker-than-expected quarterly revenue, dragged down by lower sales of its new gaming software and hardware. GameStop’s net sales in the second quarter dropped to $1.63 billion. Analysts were expecting $1.72 billion.
