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Show Notes
On this episode of Stock Movers:
- Intel (INTC) shares jump. Intel Corp. agreed to pay $14.2 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management. The transaction will be financed with cash on hand and the issuance of about $6.5 billion in new debt, according to Intel.
- Boeing (BA) The Pentagon announced a partnership with Boeing and Lockheed Martin to triple the production capacity of seekers for the Patriot Advanced Capability-3 Missile Segment Enhancement, according to a statement.
- Nike (NKE) shares drop after the company announced a disappointing forecast, causing the company's shares to fall, and Chief Executive Officer Elliott Hill expressed frustration to staff.
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