Check out the companies making headlines before the bell. Macy’s – Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private. Macy’s cited concerns over deal financing and valuation. Boeing — The airline stock slid 1.8% after the U.S. Federal Aviation Administration recommended operators visually inspect the mid-exit door plugs of Boeing 737-900ER aircraft, which are similar to the ones grounded after the Alaska Airlines flight emergency. Archer-Daniels-Midland – Shares slid nearly 12% after the food processor placed CFO Vikram Luthar on administrative leave amid an investigation into some accounting practices and issued fourth-quarter earnings guidance that fell below prior expectations. Goldman Sachs downgraded the stock following the news. SolarEdge Technologies — Shares gained more than 5% after the solar company said it will cut 16% of its workforce as it looks to reduce operating expenses. B Riley Financial —The financial services stock sank nearly 14% following a Bloomberg report that the U.S. Securities and Exchange Commission is investigating the company’s deals with a client connected to securities fraud. Spirit Airlines , JetBlue Airways — The airlines said Friday that they plan to appeal a federal judge’s ruling that blocks their planed merger. Spirit Airlines adde …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Macy’s – Shares of the department store giant added 2% in premarket trading after the company over the weekend rejected a $5.8 billion proposal by Arkhouse Management and partner Brigade Capital Management to take the retailer private. Macy’s cited concerns over deal financing and valuation. Boeing — The airline stock slid 1.8% after the U.S. Federal Aviation Administration recommended operators visually inspect the mid-exit door plugs of Boeing 737-900ER aircraft, which are similar to the ones grounded after the Alaska Airlines flight emergency. Archer-Daniels-Midland – Shares slid nearly 12% after the food processor placed CFO Vikram Luthar on administrative leave amid an investigation into some accounting practices and issued fourth-quarter earnings guidance that fell below prior expectations. Goldman Sachs downgraded the stock following the news. SolarEdge Technologies — Shares gained more than 5% after the solar company said it will cut 16% of its workforce as it looks to reduce operating expenses. B Riley Financial —The financial services stock sank nearly 14% following a Bloomberg report that the U.S. Securities and Exchange Commission is investigating the company’s deals with a client connected to securities fraud. Spirit Airlines , JetBlue Airways — The airlines said Friday that they plan to appeal a federal judge’s ruling that blocks their planed merger. Spirit Airlines adde …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
