Alphabet
,
the parent of search engine giant Google, agreed to pay $700 million and make certain changes to its app store in a settlement with a group of states that claimed Google operated its app store, Google Play, as an illegal monopoly.
shares rose 0.2%.
Heico
,
the supplier of airplane parts and electronics, said fiscal fourth-quarter profit rose from a year earlier as revenue jumped 54% to $936.4 million and topped analysts’ estimates. The stock was up 3.1%.
was falling 15% after the biotech company said it would sell $150 million of common stock in a public offering.
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was downgraded to Underweight from Neutral at Piper Sandler and the price target on shares of the clean energy company was reduced to $2.30 from $6.50.
fell 4.1% to $4.25 in premarket trading.
was rising 2.8% after it was disclosed that activist investor Cevian Capital has taken a stake of 1.3% in the Swiss banking giant. Cevian paid €1.2 billion ($1.31 billion) for the stake, saying it sees significant value potential in
after its takeover of rival Credit Suisse.
was up 1.4% to $279.41 after the biotechnology company was upgraded to Outperform from Market Perform at BMO Capital and the price target was raised to $326 rom $286.
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rose 2.9% to $22.30 after shares of the online pet products retailer were initiated with a Buy recommendation at Jefferies and a price target of $27.
Earnings reports are expected Tuesday from
FedEx
,
and
Write to Joe Woelfel at joseph.woelfel@barrons.com
…
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