Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
New trouble today for Wells Fargo (WFC). The Wall Street Journal says employees at the business banking unit improperly altered information on some documents for corporate customers. It happened as recently as earlier this year. The Journal says the bank reported the issues to federal regulators and is investigating.
Kroger (KR) is boosting its investment in U.K. online grocer Ocado. As part of the deal, Kroger will get access to Ocado’s Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities. That could help Kroger better compete with Walmart and Amazon.
Intel’s (INTC) Mobileye may have just taken the lead in the self-driving space. Reuters reports the company has signed a contract to supply its tech for some 8 million cars. The buyer is an unidentified European automaker. Mobileye says that while fully autonomous driving isn’t ready yet, many self-driving systems will be ready for purchase next year.
Tesla (TSLA) is facing another autopilot investigation. The National Highway Traffic Safety Administration is looking into last week’s crash in Utah, where a Model S, going 60 miles per hour, rammed into the back of a stopped fire truck. The driver said autopilot was engaged at the time. Tesla says the driver ignored repeated warnings to take control of the car.
CBS (CBS) CEO Les Moonves, it’s your move. Shari Redstone has pushed a change to the CBS bylaws that would prevent CBS from diluting her family’s voting power in the company. CBS’s 14 member board will now need a 90% supermajority vote to approve any changes. Both sides are battling in court over Redstone’s proposal to re-merge CBS and Viacom.
And Rupert Murdoch is finally handing over the reigns to his entertainment empire. As expected, his eldest son, Lachlan, will become chief executive and chairman. The senior Murdoch will serve as co-chairman. The announcement made no mention of Murdoch’s son, James, who currently serves as chief executive of 21st Century Fox (FOX).