Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Disney (DIS) is said to be nearing a deal to buy most of 21st Century Fox (FOXA). The deal, which could be announced as early as next week, would likely include Fox’s movie studios and television group, but not the Fox News or Fox Sports networks. The buyout would help Disney beef up its TV and movie library as it gets ready to launch its own streaming service in 2019.
Home Depot’s (HD) board has approved a $15B stock buyback. The company also confirmed its sales and earnings target for this year and promised to invest more in its supply chain and delivery capabilities, employees, stores and customer experience.
Google (GOOGL) is pulling YouTube from Amazon’s (AMZN) Echo Show and Fire TV. In a statement, Google said, ”Amazon doesn’t carry Google products like Chromecast and Google Home, doesn’t make its Prime Video available for Google Cast users, and last month stopped selling some of our sister company Nest’s latest products.” Amazon replied saying Google is setting a disappointing precedent and hopes to resolve the issue soon.
A big win for Toys ‘R’ Us executives. A bankruptcy judge ruled the money-losing retailer can pay its 17 top executives $21M in bonuses if the company hits certain earnings targets. Toys ‘R’ Us says the bonus payments will motivate executives to boost sales during the critical holiday shopping season.