Intel loses title, Fox may get major NFL deal, Walmart announces layoffs

Yahoo Finance

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Intel (INTL) has fallen from grace. Samsung is now the world’s largest chipmaker by revenue. This comes after Intel faced a series of massive security flaws in its chips.

Thursday Night Football Might Head to Fox (FOXA). The company is expected to pay more than the $450M NBC and CBS paid last season, according to reports. Thursday Night Football ratings were down by 12% this past season but still brought in 12 million viewers. The announcement is expected to happen as early as this morning.

Walmart (WMT) quietly laid out plans to cut at least 1,000 jobs. The news comes just weeks after the big-box retailer announced bonuses and expanded benefits for its workers following the tax overhaul. Last moth Walmart said it would close 63 of its Sam’s Club stores.

The streaming music company Spotify is testing a new standalone app named Stations. The new ad- based platform allows users to listen to curated playlists free of charge. Users will be able to pick playlists based on genres but not individual artists or albums. It is only available for Android users in Australia during the trial phase.