Nordstrom closer to going private, Target hiring for holidays, Disney to delay new Star Wars movie
Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Nordstrom (JWN) shares soared on Wednesday following reports that private equity firm Leonard Green & Partners is closer to funding a buyout to take the company private. Green would supply the Nordstrom family with around a billion dollars for the deal. But, it isn’t set in stone and others firms could still disrupt the buy.
Target (TGT) is planning to hire around 100,000 employees in the US for the upcoming holiday season. Target is also focusing on speciality brands. It will soon rollout an exclusive brand deal with HGTV stars Chip and Joanna Gaines.
Walt Disney (DIS) shares are in the spotlight. Star Wars fans are going to have to wait a while longer before the next movie comes out. The studio revealed the latest installation in the series will be seven months later than previously expected. This follows news that J.J. Abrams will return to write and direct the latest movie after producers parted with the previous director.
Toshiba (TOSYY) is on investors’ watch-list after US private equity firm Bain Capital signed a memorandum saying it intends to buy Toshiba’s memory-chip business for around $18 billion by the end of the month. The non-binding letter means the bidding war is far from over with companies like Apple (AAPL), Seagate and Dell also looking to get in on the action.
