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1. Taco Bell testing Toasted Cheddar Chalupa and other menu items22:50[−]

Taco Bell offered a "new test item round-up" on Monday that includes the Toasted Cheddar Chalupa, priced at $2.49 on its own or part of a $5 box, and available only in Flint, Mich. In Charlotte, the Mexican fast-food chain is testing the $2 Stacker Duo, a folded quesadilla featuring seasoned beef and a three-cheese blend. And in Milwaukee, the Reaper Ranch Quesarito, a double layer burrito, is being tested, priced at $2.99 a la carte. All items are being tested now through mid-November. Taco Bell is part of the Yum Brands Inc. portfolio. Yum shares have gained 9.5% for the year to date while the S&P 500 index is up 3.2% for the period

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2. Trump says he will propose 10% tax cut for middle-income earners22:20[−]

Speaking to reporters on the White House law, President Donald Trump said the administration will propose what he called a "resolution" to cut taxes by 10% for middle-income earners. He made clear that this would be for Congress to enact and not to be done administratively. He acknowledged that Congress would not take up any legislative proposal until after the election.

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3. Moody's rates Netflix's new junk bonds at Ba320:35[−]

Moody's Investors Service assigned a Ba3 rating to Netflix Inc.'s proposed offering of $2 billion of senior notes. The deal will bring Netflix's gross leverage to 5.2 times for the 12 months ended Sept. 30, the agency said in a note. "However, despite the continuing issuances of debt to fund the company's negative cash flows, we expect leverage to drop gradually over time as the transition from licensed content to produced original content levels off and newer international markets begin to contribute to profits and overall margins improve," said Moody's. Gross leverage is expected to fall back to around 6.0 times by end 2018 and to be below 5 times by end 2020 as EBITDA growth outpaces growth in content spend and debt. Netflix's most active bonds, the 5.875% notes that mature in November of 2028, were barely changed on Monday, according to MarketAxess. The stock was down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Hurricane Willa strengthens to 'potentially catastrophic' Category 5 storm18:39[−]

Hurricane Willa, currently churning about 175 miles south-southwest of Las Islas Marias in Mexico, has strengthened to a Category 5 storm that is expected to dump up to 18 inches of rain over parts of that country by Tuesday, the National Hurricane Center said Monday. Willa is a "potentially catastrophic" storm that is expected to produce a"life-threatening storm surge, the agency said in its latest advisory. A hurricane warning is in effect for the region stretching from San Blas to Mazatlan, while a tropical storm warning is in effect for Playa Perula to San Blas and North of Mazatlan to Bahia Tempehuaya. Willa has maximum sustained winds of 160 miles an hour. Current wind and water conditions may allow for further strengthening followed by weakening. "But Willa is likely to remain an extremely dangerous major hurricane when it makes landfall along the west-central coast of Mexico," said the NHC.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. SEC suspends trading in company after false cryptocurrency-related statements18:11[−]

The Securities and Exchange Commission suspended trading on Monday in the securities of Nevada-based American Retail Group, Inc. , which also is known as Simex. The company claimed it had a partnership with an SEC qualified custodian that would be "under SEC Regulations," and that the company was conducting a token offering that was "officially registered in accordance [with] SEC requirements." The SEC issued an investor alert earlier this month warning investors to be vigilant for false claims about SEC endorsements used to promote digital asset investments. "The SEC does not endorse or qualify custodians for cryptocurrency, and investors should use vigilance when considering an investment in an initial coin offering," said Robert A. Cohen, Chief of the SEC Enforcement Division's Cyber Unit.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. Mirati Therapeutics stock drops 19.5% after cancer trial results17:37[−]

Mirati Therapeutics Inc. shares dropped 19.5% in extremely heavy Monday morning trade after the company presented results from a phase 2 trial in which its cancer drug sitravatinib was combined with Bristol-Myers Squibb Co.'s cancer drug Opdivo . The trial enrolled patients with non-small cell lung cancer who had their cancer progress while taking a type of cancer drug called an immune checkpoint inhibitor. As of late August, of 56 patients in the trial who could be evaluated, 9 had a confirmed partial or complete response, the company said. Two additional patients had unconfirmed partial or complete responses -- which are awaiting confirmation -- and five others had unconfirmed responses "that will not be confirmed," Mirati said. The company said that in total, 16 patients had partial or complete responses, including the latter two categories of patients in its count. The company also said that 18 patients had tumor reductions of more than 30%, and an early estimate of median duration response was more than nine months. Mirati plans a phase 3 randomized clinical trial comparing a combination of the two cancer drugs with the chemotherapy docetaxel. Bristol-Myers' Opdivo is a checkpoint inhibitor that has already been approved in non-small cell lung cancer. As part of a major trend over the last several years, drugmakers have been testing immuno-oncology drugs like sitravatinib in combination with other cancer drugs, hoping that they might be more effective together. Mirati shares have dropped 41.5% over the last three months to $32.21, compared with a 1.6% slump in the S&P 500 and a 1.1% rise in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. Bristol-Myers Squibb stock drops 6% after FDA delays approval deadline for cancer drug17:36[−]

Bristol-Myers Squibb Co. shares dropped nearly 6% in extremely heavy Monday morning trade after the company said that, because of new information from a cancer clinical trial, the U.S. Food and Drug Administration is extending the review period for the company's new drug application by three months. This "major amendment to filing overshadows data presentations at [European Society for Medical Oncology]," a recent and major cancer conference, SunTrust Robinson Humphrey analyst John Boris, who rates the company "buy" with a $67 price target, said. The FDA now aims for an approval decision on the drug by or on May 20, 2019. The trial, called CheckMate-227, is an ongoing phase 3 study testing Bristol-Myers' drug Opdivo plus a low dose of another Bristol-Myers drug, Yervoy, against chemotherapy in metastatic first-line non-small cell lung cancer. The new information that Bristol-Myers submitted to the FDA pertains to overall survival for patients whose tumors have a relatively low level of mutations, or a "tumor mutational burden" (TMB) of less than 10 mutations/megabase. TMB is thought to have promise in cancer treatment, as a way of matching patients with the best therapies for their disease, but the way Bristol-Myers has approached the topic has been controversial, because the drugmaker made changes to its clinical trial to measure TMB while the research was already ongoing. Rival Merck & Co. , meanwhile, is seen as leading the space. The FDA considered the new TMB analysis a "major amendment" to the company's drug application, which is why the review period was extended. Bristol-Myers shares have dropped 9.7% over the last three months, compared with a 1.6% decline in the S&P 500 and a 1.1% rise in the Dow Jones Industrial Average .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Netflix's bond offering rated a speculative BB-; shares fall17:36[−]

Netflix Inc.'s $2 billion bond offerings were rated BB- at S&P Global Ratings, which is the third-highest rating in speculative, or "junk," territory. The streaming video service's stock slumped 2.8% in morning trade. The credit rating agency placed recovery ratings of "3" on the offerings, due in 2029, which indicates expectations for "meaningful recovery"--a rounded estimate of 65%--of principal in the event of a payment default. S&P said the rating reflects improving EBITDA (earnings before interest, taxes, depreciation and amortization) margin over the last 12 months, boosted by price increases and accelerated subscriber growth, but also an expectation that adjusted leverage will increase to about 4.8 times by the end of 2018, from 4.3 times as of Sept. 30. S&P had upgraded Netflix's rating to BB- from B+ on Oct. 18. The stock has lost 10% over the past three months but has rallied 69% year to date. The S&P 500 has gained 3.0% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Intel's stock gains after Instinet says 'buy' ahead of results17:18[−]

Shares of Intel Corp. rose 0.6% in morning trade Monday, after the semiconductor maker was upgraded at Instinet, which cited an upbeat outlook for its 10 nanometer chipsets. Analyst Romit Shah raised his rating to buy, after being at neutral the past four months. "There isn't a company in our semiconductor coverage universe that we see raising estimates in October or November. Intel is likely the only exception," Shaw wrote in a note to clients. Intel is scheduled to report third-quarter results on Oct. 25. Shah expects Intel to remain "supply constrained" until the ramp of 10nm, which sets it up for seasonal revenue growth and stronger gross margins. Said said every U.S. and foreign-based equipment supplier spoken with said they have seen 10nm volumes become more meaningful. "This should help alleviate fears about process technology leadership and share loss and drive Intel's multiple higher," Shah wrote. The stock has tumbled 15% over the past three months, while the PHLX Semiconductor Index has lost 9.7% and the Dow Jones Industrial Average has edged up 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. Net Element's stock rockets after launching payment service aimed at cannabis industry17:03[−]

Shares of Net Element Inc. rocketed 63% in active morning trade Monday, after the Florida-based payments-as-a-service company said its Unified Payments subsidiary launched a "secure and compliant" payment processing offering for the legal cannabis industry. Volume jumped to 4.1 million shares, compared with the full-day average of about 81,000 shares. The company said payment processing for the growing legal cannabis industry has become increasingly complex, given that cannabis is still federally illegal, so Unified Payments is looking to address the challenges with a simple, yet compliant, payment option. "We are excited to launch a legal cannabis payment acceptance solution to meet the needs of sales partners and merchants for this emerging market," said Vlad Sadovskiy, president of integrated payments at Net Element. The stock had shot up as much as 164% to a 7-month high of $10.60 before paring some gains. It was still down 38% year to date, while the S&P 500 has gained 3.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Adaptimmune's stock tumbles after cancer study results prompts price target cut16:48[−]

Shares of Adaptimmune Therapeutics PLC slumped 21% in morning trade Monday, after the results from a trial of its cancer treatment prompted Raymond James to slash its price target. The biopharmaceutical company said over the weekend that it was encouraged by the safety data from ongoing studies of SPEAR T-cells, but said no patients were treated in a Cohort 2 "triple tumor" study because the Safety Review Committee recommended an escalated dose. Raymond James analyst Reni Benjamin cut his target to $16 from $20, as the true efficacy of the product may only be determined at the higher, 5-billion-cell dose level. "Although still early, we believe higher doses will likely need to be evaluated with a larger population," Benjamin wrote in a note to clients. "We are decreasing our probability of success from 35% to 25% as we await a stronger correlation between dose, persistence, and clinical response." The stock has slumped 19% over the past three months but was still up 27% year to date, while the S&P 500 has slipped 1.2% the past three months and has gained 3.6% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. Stocks open slightly higher after China rally; focus on earnings16:38[−]

U.S. stocks opened higher Monday, buoyed as global equities took a cue from a continued rebound by Chinese shares from multi-year lows. The S&P 500 was up 0.3% at 2,775, while the Dow Jones Industrial Average advanced 40 points, or 0.1%, to 25,485. The Nasdaq Composite was up 0.6% to 7,492. Chinese stocks surged for a second day Monday following another round of reassuring comments from leaders and top regulators, sending the Shanghai Composite up 4.6% and the smaller Shenzhen Composite up 5.2%. U.S. investors are also set for a deluge of earnings reports as third-quarter earnings season hits its stride this week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Coherent's stock tumbles after revenue, gross margin warnings16:27[−]

Shares of Coherent Inc. sank 4% in premarket trade Monday, toward the lowest price seen during regular session hours since December 2016, after the laser-based technologies company warned of lower-than-expected fiscal fourth-quarter revenue and margins, citing execution issues at a German manufacturing site and a weaker demand environment in China. The company now expects revenue for the quarter to Sept. 29 of $460 million to $461 million, compared with previous guidance of $465 million to $485 million and below the FactSet consensus of $471.9 million. The company also cut its outlooks for adjusted gross margin to 43% to 44% from 46% to 49% and for adjusted operating margin to 22% to 23% from 25% to 28%. The company is scheduled to report fourth-quarter results on Nov. 6, after the closing bell. The stock has tumbled 22% over the past three months while the S&P 500 has slipped 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Netflix plans $2 billion bond offering16:15[−]

Netflix Inc. said Monday it plans to raise $2 billion through the offering of U.S. dollar- and euro-denominated bonds to qualified institutional buyers. The streaming video service said the interest rate and maturity of the bonds will be determined later, after negotiations with initial purchasers. The company plans to use the proceeds from the offering for general corporate purposes. Netflix's long-term credit rating at Moody's is Ba3, which is considered speculative, or 'junk.' Netflix's stock edged up 0.6% in premarket trade. It has lost 7.9% over the past three months, while the technology friendly Nasdaq 100 has slipped 3.3% and the S&P 500 has eased 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Axonics to offer 6.7 million shares in IPO, priced at $14 to $16 each15:45[−]

Medical technology company Axonics Modulation Technologies Inc. set terms for its planned initial public offering on Monday, saying it will offer 6.7 million shares priced at $14 to $16 each. The company is planning to list on Nasdaq under the ticker symbol "AXNX". BofA Merrill Lynch and Morgan Stanley are lead underwriters on the deal with Wells Fargo and SunTrust Robinson Humphrey acting as co-managers. The company specializes in sacral neuromodulation, which is used to treat patienst with overactive bladder and urinary retention, among other disorders.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Alibaba's stock surges as part of broad rally in China-based companies15:14[−]

Shares of Alibaba Group Holding Ltd. shot up 3.4% in premarket trade Monday as part of a broad rally in China-based company stocks, following reassuring comments by China President Xi Jinping. The stock had tumbled 24% over the past three months through Friday, while the S&P 500 had slipped 1.2%, amid concerns over a trade war with the U.S. and a slowing economy. Monday's rally comes despite Benchmark analyst Fawne Jiang cutting the price target to $220 from $245, citing concerns that near-term earnings growth could come under pressure. Over the weekend, Xi emphasized support for the private sector, according to reports, and new details on proposed tax cuts were released, helping send the Shanghai Composite up 4.1%. The iShares China Large-Cap ETF , which had closed at a 17-month low on Thursday, ran up 3.0% ahead of Monday's open. Among other U.S.-listed shares of China-based companies, Nio Inc. hiked up 4.5%, iQiyi Inc. rallied 2.8% and JD.com advanced 3.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. EBay launches smartphone sales program15:08[−]

EBay Inc. said Monday that it has launched a program, eBay Instant Selling, to help consumers sell used, unwanted smartphones. Users will get paid instantly with an eBay voucher once the phone is listed. An eBay study showed that 40% of Americans have two or more smartphones that they no longer use, but 61% have never sold or traded a smartphone. EBay also says it provides a higher return than trade-in values, for instance offering up to $639 for an iPhone X while AT&T Inc. offers $550. EBay shares are up 0.3% in Monday premarket trading, but down nearly 24% for the year to date. The S&P 500 index has gained 3.5% for 2018 so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. Kimberly-Clark shares rise after earnings and revenue beat expectations14:54[−]

Kimberly-Clark Corp. shares rose 3% in Monday premarket trading after the Kleenex parent reported third-quarter earnings and revenue that beat expectations. Net income for the quarter was $451 million, or $1.29 per share, down from $567 million, or $1.60 per share, for the same period last year. Adjusted EPS was $1.71. Revenue totaled $4.58 billion, down from $4.67 billion last year. The FactSet consensus was for EPS of $1.63 and sales of $4.52 billion. Chief Executive Thomas Falk said profits were hurt by "significant commodity and currency headwinds," and the company generated cost savings of $145 million. The company still expects organic sales to increase about 1% in 2018. Other Kimberly-Clark brands include Huggies, Cottonelle and Depend. Kimberly-Clark also announced that it has named Michael Hsu chief executive, effective Jan. 1, 2019. He has served as chief operating officer since Jan. 1, 2017. Kimberly-Clark shares have tumbled 8.6% for the year to date while the S&P 500 index has gained 3.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Chipotle upgraded on same-store sales growth potential though earnings expected to be 'lackluster'14:53[−]

Chipotle Mexican Grill Inc. was upgraded to outperform from sector perform at RBC Capital Markets on same-store sales growth potential. RBC's price target was lifted to $510 from $450. RBC surveys show menu, digital and delivery opportunities that analysts led by David Palmer think the company can execute on in 2019. "[I]t is encouraging to hear that 73% of customers that have not eaten at Chipotle in the past six months would consider returning to Chipotle if a new item was added to the menu," the note said. Among the items RBC suggests Chipotle should add are nachos, which are currently being tested in Colorado and Minneapolis; bacon, which is being tested in Orange County; quesadillas; and a revamped queso. Still, analysts expect earnings, scheduled to be announced on Oct. 25, to be "lackluster" and sales to be volatile from quarter to quarter. Chipotle shares are up 1.7% in Monday premarket trading and up 48.3% for the year to date. The S&P 500 index has gained 3.5% for 2018 so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Kimberly-Clark names Michael Hsu CEO, effective Jan. 201914:39[−]

Kleenex maker Kimberly-Clark Corp. said Monday its board has named Michael Hsu as CEO, effective Jan. 1, 2019. Hsu, 54, is replacing Thomas Falk, who has held the post of CEO since 2002 and who will now become executive chairman. Hsu joined the company in 2012 from the role of chief commercial officer at Kraft Foods. The executive began his career as a consultant at Booz Allen & Hamilton. Kimberly-Clark shares were up 1.6% in premarket trade as the company also reported third-quarter earnings, but have fallen 8.6% in 2018, while the S&P 500 has gained 3.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. American Railcar to by bought in a $1.75 billion deal by ITE, giving Icahn a $757 million profit14:16[−]

American Railcar Industries Inc. announced Monday a deal to be acquired in a deal valued at $1.75 billion by a fund managed by investment firm ITE Management L.P. Under terms of the agreement, ITE will pay $70 for each American Railcar, a maker of hopper and tank railcars, which is 51% above Friday's closing price of $46.29, and would give the company a market capitalization of $1.34 billion. The stock is currently halted for news until 7:30 a.m. Eastern. The deal is expected to close in the fourth quarter. Billionaire activist investor Carl Icahn's Icahn Enterprises L.P. is the majority owner of American Railcar, with 11.9 million shares, or 62.2% of the shares outstanding, according to FactSet data. Icahn said it became a majority owner of American Railcar in 2010, and Monday's deal, the investment has generated a total return of 423% for a profit of $757.2 million. American Railcar's stock has rallied 17.8% over the past 12 months, while the Dow Jones Industrial Average has gained 9.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. Universal Stainless to raise base prices of specialty steel products by 3% to 8%14:07[−]

Universal Stainless & Alloy Products Inc. said Monday it is raising base prices on selected specialty steel long products by 3% to 8%, effective Oct. 29, citing inflationary pressures. "Given the current inflationary environment in metals, this price adjustment is necessary to support our ongoing reinvestment into our facilities to better serve our customers," Chief Commercial Officer Chris Zimmer said in a statement The company is keeping current electrode, material and energy surcharges, he said. Shares were not yet active premarket, but have gained 5.3% in 2018, while the S&P 500 has gained 3.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Halliburton tops profit and revenue estimates for third quarter13:58[−]

Energy services company Halliburton Co. said Monday it had net income of $435 million, or 50 cents a share, in the third quarter, up from $365 million, or $42 cents a share, in the year-earlier period. Revenue rose to $6.172 billion from $5.444 billion. The FactSet consensus was for EPS of 49 cents and revenue of $6.105 billion. Chief Executive Jeff Miller said operating income of $716 million was 9% below the second quarter, mostly due to a weak North American market for completion services. "In North America, a combination of offtake capacity constraints and our customers' budget exhaustion led to less demand than expected for completion services," Miller said in a statement. "I believe that these are temporary issues, and that the catalysts for improving demand for services are clearly visible: supportive commodity pricing, expanding offtake capacity, building well inventory, and reloaded customer budgets." The outlook for global commodity supply and demand dynamics is "constructive," he said. Shares rose 0.9% premarket, but are down 23.2% in 2018, while the S&P 500 has gained 3.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. Hasbro's stock set for selloff after profit and revenue fall, miss expectations13:49[−]

Shares of Hasbro Inc. were indicated down over 4% in premarket trade Monday, after the toy maker missed third-quarter profit and revenue expectations and announced a restructuring that will include job cuts. Net income fell to $263.9 million, or $2.06 a share, from $265.6 million, or $2.09 a share in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.93, well below the FactSet consensus of $2.23. Revenue declined to $1.57 billion from $1.79 billion, missing the FactSet consensus of $1.71 billion, as misses in partner brands and emerging brands revenue offset beats in franchise brands and Hasbro gaming revenue. The company said the lost Toys R Us revenue is impacting many markets around the world, and the liquidation of products had a near-term impact on sell through and shipments, Chief Executive Brian Goldner said. "We are successfully managing retail inventory and it is down significantly in the U.S. and in Europe, where we are aggressively working to clear excess inventory by year end," Goldner said. The company expects to take a restructuring charge of $50 million to $60 million in the fourth quarter, which is expected to generate annualized savings of $30 million to $40 million. The stock has gained 4.4% over the past three months through Friday, while the S&P 500 has slipped 1.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. AMC's Charlie Collier named CEO of Entertainment for the new Fox corporationСб., 20 окт.[−]

AMC President and General Manager Charlie Collier has been tapped as the next CEO of Entertainment for Fox, the company that will be spun off from the Disney [s:dis] acquisition of 21st Century Fox, [s:fox] Lachlan Murdoch, chairman and CEO of the new Fox company said in a press release late Friday. Collier will oversee the Fox Broadcasting Network and lead the company's entertainment programming strategy across live, scripted and non-scripted content, Murdoch said. Dana Walden and Gary Newman, chairmen and CEOs of the Fox Television Group, will stay in their current roles until the close of the transaction.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. New Age Beverages dumps board member who settled with SECСб., 20 окт.[−]

New Age Beverages Corp. disclosed Friday afternoon that a board member resigned after the company learned that he had previously settled a disciplinary action with the Securities and Exchange Commission. The beverage company, which plans to launch drinks with a cannabis-derived compound commonly known as CBD, said in a filing with the SEC that it "was apprised of previously undisclosed information relating to Robert J. Evans and Pennington Capital Management LLC stemming from a November 2014 Securities and Exchange Commission Order" on Thursday. That order required board member Evans and Pennington Capital Management to pay $165,000 to settle charges of illegally buying shares in a secondary offering that they had previously shorted in a restricted period, without admitting nor denying guilt. Companies that sell or plan to sell CBD beverages, such as New Age Beverages and India Globalization Capital Inc. , or IGC, have been caught up in a volatile market for cannabis-related stocks around Canada's legalization of recreational marijuana sales this week. New Age Beverages shares have jumped 193% in the past three months, as the S&P 500 index has declined 1.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. Moody's cuts Italy's credit rating one notch; stable outlookПт., 19 окт.[−]

Moody's Investors Service downgraded Italy's sovereign debt rating by one notch to Baa3 late on Friday, leaving it one rung above sub-investment grade, or junk. They cited Italy's fiscal deterioration and the government's decision to target higher budget deficits in the coming years. The ratings firm also added that the government's policy proposals did not offer a set of reforms that could lift Italy from its anemic economic growth. At the same time, Moody's gave Italy a stable outlook, meaning it was unlikely to cut the country's debt rating again anytime soon. Investors are wary of further downgrades as falling into a 'junk' rating would have forced more conservative investors to dump their holdings of Italian government paper.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Trump to meet defense and aerospace CEOs to talk supply chain: reportПт., 19 окт.[−]

President Donald Trump on Friday is scheduled to meet the chief executives of Lockheed Martin Corp. , Boeing Co. , Northrop Grumman Corp. and General Dynamics Corp. to discuss their supply chains, according to a Reuters report that cited people familiar with the meeting plans. The meeting will take place at Luke Air Force Base in Arizona, and on the table is a discussion about ways the companies can source more parts and materials domestically, the report said. Trump is scheduled to be on a tour and participate in a roundtable at the base on Friday, according to the White House.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Stocks end mixed; Nasdaq suffers 0.6% weekly fallПт., 19 окт.[−]

Stocks saw a mixed finish to a choppy session Friday, with the Dow Jones Industrial Average taking back a modest portion of the previous session's more-than-300-point decline. The tech-heavy Nasdaq Composite lagged behind, falling 0.5% to finish around 7,449, according to preliminary figures, and leaving it with a 0.6% weekly loss. The S&P 500 ended less than 0.1% lower near 2,768, leaving it virtually unchanged on the week. The Dow rose around 65 points, or 0.3%, to close near 25,444.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. Software company Qualtrics files to go publicПт., 19 окт.[−]

Qualtrics International Inc., a Utah-based software company filed for an initial public offering Friday. The company did not yet provide a number of shares it expects to offer or an expected price, but said it plans to raise $200 million, which is likely a placeholder amount. The company applied ti list its Class B common shares on the Nasdaq Global Select Market under the ticker symbol "XM." Morgan Stanley and Goldman Sachs are the lead underwriters. The company said its "new category of software" enables organizations to succeed in the "experience economy." Qualtrics said it lost $3.4 million on revenue of $184.2 million during the six months ending June 30, 2018, compared with a loss of $3.71 million on revenue of $131.4 million in the same period a year ago. The company has filed to go public at a time that the Renaissance IPO ETF has tumbled 13.3% over the past three months, while the Nasdaq Composite has lost 4.6% and the Dow Jones Industrial Average has gained 1.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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