Apple is reportedly eyeing a big bond sale. The tech giant is considering issuing about 200 billion yen in bonds, which is about $1.6 billion U.S. dollars, as early as June. The company is trying to take advantage of the rock-bottom interest rates in japan, and it will likely use the proceeds to increase shareholder rewards and maybe expand its Japanese operations. Shares fell more than two percent to $129.62.
The Priceline Group & Ctrip.com
Priceline will invest $250 million in Ctrip.com, a China-based online travel company. This comes as Priceline looks to have a larger footprint in the fast-growing Chinese travel market. This is the second investment Priceline is making in the firm. Shares of Priceline were off one percent to $1,195.78. Ctrip.com tumbled three percent to $81.99.
AutoZone reported quarterly profits that topped Wall Street’s estimates as sales and inventory grew and the company continued to repurchase shares. Sales were slightly off though. The stock fell a fraction to $688.43.
The Israeli software provider Nice Systems is in talks to buy LivePerson, a chat software company, according to reports. The value of the deal could be as high as $650 million and could take several months to be finalized. Shares of LivePerson popped 13.5 percent to $10.16.
Yum Brands announced plans to remove all artificial flavors and colors from its food at its Taco Bell and Pizza Hut chains by the end of the year. The company also says it hopes to remove additives like trans fats and other ingredients by the end of 2017. Shares were unchanged at $91.54.
Hormel & Applegate Farms
Another brand getting in on the natural trend is Hormel. The meat company is buying privately-held Applegate Farms, an organic and natural meat company for nearly $800 million. Shares of Hormel surged initially after hours. Before the close the stock fell a fraction to $56.61.