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  • WSJ: BJ‘s Wholesale Club owners prepare initial public offering

    Firms that own BJ‘s Wholesale Club are in the coming months, The Wall Street Journal reports. The company‘s filed confidential registration and could start trading as soon as May, according to the report. It‘s owned by private-equity firms Leonard Green & Partners and CVC Capital Partners, which are looking to raise at least $400M, valuing the business at $2B-$3B. They […]

     
     
  • GE Hitachi touts development of smaller, cheaper nuclear reactor

    GE Hitachi (NYSE:) must as the economics of nuclear power plants often wrap the construction of new facilities in red tape, a top official said this week at the 2018 State Energy Conference of North Carolina. Executive VP Jon Ball says GE Hitachi is developing a reactor called the BWRX-300 that is far smaller than traditional reactors – ~15.5K cm vs. […]

     
     
  • Report: Apple, device makers behind DOJ probe of telecom collusion

    Apple (NASDAQ:) is the 500-pound gorilla behind a Justice Dept. probe of the big four wireless carriers that dented their stocks this afternoon, Bloomberg is saying, and multiple device makers are said to have complained about potential coordination. The into whether AT&T (NYSE:) and Verizon (NYSE:) might be colluding to thwart “eSIM” technology that eases switching from carrier to carrier, […]

     
     
  • Stanley Black & Decker -6% after Q1 report but MKM Partners still says Buy

    Stanley Black & Decker (NYSE:) tumbled to the today with a 6.7% shellacking after beating estimates but to $7.40-$7.60 from a previous range of $7.80-$8.00, citing the impact of the acquisition of Nelson Fastener Systems as well as a one-time tax charge. SWK continues to expect 2018 non-GAAP EPS of $8.30-$8.50, although the midpoint falls short of the $8.44 analyst consensus estimate. […]

     
     
  • Report: U.S. probing brakes of 1M Ford sedans

    A probe into sedans made by Ford Motor (NYSE:) is expanding to cover a million cars as the National Highway Traffic Safety Administration looks further into faulty brake parts, Bloomberg reports. The investigation now covers 2006-2012 Ford Fusion and Lincoln MKZ sedans, along with 2006-2011 Mercury Milans. That‘s about 1.03M cars, expanding on an initial look into 2007-2009 Fusions and […]