The PBR1000 April 2018 Stocks & Commodities Snapshots

April 2018: The Stock Market Bull Wins, But Just Barely

After a 2 month lapse, the Stock Market Bull is back in the game with a narrow win in April.

By Larry C. Paxton

With 9 out of 21 trading days in April being up or down by 1% or more volatility was at its greatest so far in 2018, even though the US and world economies continue to show strong moderate growth, US employment is good, and initial 1Q18 corporate earnings were generally encouraging. But there were headwinds from continued geopolitical concerns about N Korea and renewed issues with the nuclear treaty with Iran. At the end of the month the Stock Market Bull stops the Stock Market Bear at 2 consecutive months and they are now tied at 2 months each for the year.

The US Major Stock Market Exchanges April 2018 Summary

Number of Trading Days: 21

Number of Gain(+)/Loss(-) Days: DJIA 10+/11-; NASDAQ 11+/10-; SPX 13+/8-.

Record Days: DJIA 0, NASDAQ 0, SPX 0

Longest Gain Streak(Consecutive Days): DJIA 3 days(04/03-05/18), NASDAQ 3 days(04/03-05/18, 04/16-18/18), SPX 3 days(04/13-15/18, 04/16-18/18, 04/25-27/18)

Longest Loss Streak(Consecutive Days): DJIA 5 days(04/18-24/18), NASDAQ 5 days(04/19-25/18), SPX 2 days(04/19-20/18)

Big Swing Up Days(>1.00%): 6 days(04/03(DNS), 04/04(NS), 04/10(DNS), 04/12(DN), 04/17(NS), 04/26(NS)), mostly from international trade issues, optimism over anticipated meetings with N Korea.

Big Swing Down Days(<-1.00%): 3 days(04/02(DNS), 04/20(N), 04/24(DNS)), mostly from technology sector drops, Iran nuclear treaty issues.

The PBR1000 April 2018 Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 April 2018 Snapshots. The price for stocks is for the close of trading on April 30, Month % Chg is compared to March 29YTD % Chg is compared to December 29, 2017, and the 16 Months % Chg is compared to December 30, 2016. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 2 month or significantly discounted 12 month subscription and automatically download the April 2018 edition with the complete 15 Snapshots and 25 rankings and the bonus The PBRMarketTools US Monthly Indices Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +50% to -48%511 out of 1,000 stocks were up 0% or more. The average was a loss of 0.0%, the median was a gain of 0.2%.

Company PBR
Rank
Symbol Price
04/30/18
Mo
% Chg
YTD
% Chg
16 Mos
% Chg
Verifone
877 PAY 23.01 +50 +30 +30
Andeavor
82 ANDV 138.32 +38 +21 +58
Stage Stores
934 SSI 2.91 +33 +73 -33
SM Energy
997 SM 23.95 +33 +8 -31
Chipotle
537 CMG 423.33 +31 +46 +12

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +312% to -94%411 out of 1,000 stocks were up 0% or more. The average was a loss of 1.4%, the median was a loss of 3.0%.

Company PBR
Rank
Symbol Price
04/30/18
Mo
% Chg
YTD
% Chg
16 Mos
% Chg
BlueLinx
882 BXC 40.22 +23 +312 +438
Fossil
726 FOSL 14.95 +18 +92 -42
Stage Stores 934 SSI 2.91 +33 +73 -33
Netflix
252 NFLX 312.46 +6 +63 +152
Eastman Kodak  943 KODK 4.95 -7 +60 -68

Table 3(S13): The PBR1000 Top 5 16 Months Stock Price % Gainers

Table 3 Summary: The range was +512% to -99%627 out of 998 stocks were up 0% or more. The average was a gain of 17.2%. The median was a gain of 11.0%.

Company PBR
Rank
Symbol Price
04/30/18
Mo
% Chg
YTD
% Chg
16 Mos
% Chg
Weight Watchers 976 WTW 70.05 +10 +58 +512
BlueLinx
882 BXC 40.22 +23 +312 +438
Scientific Games 689 SGMS
53.30 +28 +4 +281
Systemax 982 SYX 31.43 +10 -6 +258
Square 833 SQ 47.34 -4 +37 +247

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $824 billion to $0.01 billion. The average is $25.8 billionmedian is $8.1 billion, out of 1,000 companies.

Company PBR
Rank
Symbol Market Cap($B)
04/30/18
Mo
% Chg
YTD
% Chg
16 Mos
% Chg
Apple
4 AAPL 824 -3 -6 +33
Amazon
8 AMZN 763 +10 +37 +114
Microsoft
31 MSFT 738 +7 +12 +53
Alphabet 21 GOOG 717 +3 -2 +35
Facebook 69 FB 503 +13 -2 +52
The PBR1000
  25,800 +2 -1 +18

Table 5: The PBR1000 Index & Primary US Stock Exchanges/Commodities

Company Price
04/30/18
Mo
% Chg
YTD
% Chg
16 Mos
% Chg
The PBR1000 84,985.83 -0.1 -1.5 +17.4
DJIA 24,163.15 +0.3 -2.3 +22.3
NASDAQ 7,066.27 +0.0 +2.4 +31.3
S&P500 2,648.05 +0.3 -1.0 +18.3
GOLD 1,316.10 -1.0 +0.8 +14.3
SILVER 16.36 +0.1 -3.7 +2.3
OIL            68.57 +5.6 +14.1 +27.6

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(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

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Copyright © 2018 by Pax Business Resources, LLC, 6200 N Oracle Rd #276, Tucson, AZ  85704, 520-444-2519

The PBR1000 April 2018 Breaking News Recap

The PBR1000 April 2018 Breaking News Items

A Lot of Questions About When the Chaos Will End and the Predictable Order, If There Ever Was Such A Thing, Will Be Restored.

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for April 2018, starting with the last active business day.

***Monday, April 30:

The PBRMarketTools US Stock Exchanges Recap for the Month of April Ending 04/30/18:

The Stock Market Bear had the momentum as the month closed, but the Stock Market Bulleked out the win for April, its first since its big win in January, and ties up their records at 2 months each for 2018 so far.

DJIA ends April at 24,163.15, -0.61% from last Friday, +0.25% MTD/QTD, -2.25% YTD, -9.22% from record 26,616.71 set 01/26/18.

NASDAQ ends April at 7,066.27, -0.75% from last Friday, +0.04% MTD/QTD, +2.36% YTD, -6.88% from record 7,588.32 set 03/12/18.

SPX ends April at 2,648.05, -0.82% from last Friday, +0.27% MTD/QTD, -0.96% YTD, -7.83% from record 2,872.87 set 01/26/18.

Walmart(PBR1) wholly owned UK retail subsidiary Asda Group to combine with J Sainsbury plc, Walmart to hold 42% stake and receive about $4.0 billion cash, combined 2017 revenues of about $68.9 billion from 2,800 stores plus websites, 330,000 employees. $WMT PR link.

ExxonMobil(PBR2) to acquire Indonesia based motorcycle lubricants manufacturer & marketer PT Federal Karyatama, includes the Federal Oil brand and a 700,000 barrel per year blending plant in Cilegon, Indonesia, to close 3Q18, terms not disclosed. $XOM PR link.

Marathon Petroleum(PBR23) to acquire Andeavor(PBR71 $ANDV) for total enterprise value of $35.6 billion, a 24.4% premium price based on ANDV’s 04/27/18 closing stock price, creates a leading US refining, marketing, and midstream company, to close 2H18. $MPC PR link.

Oracle(PBR78) has acquired student-centric, cloud-based financial aid solution for higher education institutions provider Vocado, terms not disclosed. $ORCL PR link.

T-Mobile(PBR95) and Sprint(PBR86) to merge as T-Mobile in all stock deal, values Sprint at $59 billion, combined company $146 billion, will push 5G development, to close before end of 1H19. $TMUS PR link.

Gilead Sciences(PBR107) and Alphabet(PBR44)’s Verily announce 3 year scientific collaboration to identify and understand immunological and molecular drivers of inflammatory diseases. $GILD PR link.

Medtronic(PBR133) gets US FDA approval of its Infuse(TM) Bone Graft in new spine surgery indications. $MDT PR link.

Xerox(PBR144 $XRX) merger with Fujifilmtemporarily blocked per injunction issued by NY Supreme Court judge on 04/27/18, agrees with activist stockholder plaintiff, says Xerox CEO Jeff Jacobson sought to conclude the deal even though he was advised to end negotiations.Reuters PR link.

Parker Hannifin(PBR218) completes divestiture of its global Facet filtration business to Filtration Group Corporation per its agreement with the US Dept of Justice, terms not disclosed. $PH PR link.

VF Corp(PBR232) completes sale of its Nautica® brand business to Authentic Brands Group, terms not disclosed. $VFC PR link.

JCPenney(PBR234) offering exclusive popular singer-songwriter Lionel Richie designed Home Collection of comforters, quilts, sheets, decorative pillows and bath towels, available online, in select stores in Fall 2018. $JCP PR link.

KKR(PBR332) completes majority ownership acquisition of largest dental support organization in the US with 11,000 team members in more than 850 supported dental practices across 35 states, Effingham, IL, based Heartland Dental, from Ontario Teachers’ Pension Plan and affiliates who remain stakeholders, terms not disclosed. $KKR PR link.

Boston Scientific(PBR356) completes $306 million up front plus up to $100 million for commercial milestone achievements acquisition of privately held Maple Grove, MN, based the Rezūm® system enlarged prostrate therapy developer NxThera$BSX PR link.

KBR(PBR395) gets contract to develop world’s largest fully integrated crude oil to chemicals project in Saudi Arabia$KBR PR link.

LabCorp(PBR413) to sell its $150 million in sales/2017 Covance Food Solutions business to Eurofins Scientific (EUFI.PA) for $670 million cash, to close in 3Q18. $LH PR link.

Chipotle(PBR561) food delivery from 1,500+ locations available per national deal with DoorDash$CMG PR link.

Pitney Bowes(PBR588) selling its Document Messaging Technologies (DMT) production mail business and supporting software to Platinum Equity for $361 million. $PBI PR link.

Chico’s FAS(PBR730) to offer Chico’s brand apparel and accessories on Amazon(PBR29)beginning in mid 05/18. $CHS PR link.

Fitbit(PBR870) moving its healthcare services on wearables development to Alphabet(PBR44)’s Google new Cloud Healthcare API$FIT PR link.

Scientific Games(PBR937) gets 8 year contract extension to provide lottery instant games in Kentucky$SGMS PR link.

Prologis(PBR940) to acquire logistics real estate company DCT Industrial Trust(NYSE: DCT) in $8.4 billion stock-for-stock deal, includes debt, to close 3Q18. $PLD PR link.

Marriott Vacations(PBR947) to acquire ILG in $4.7 billion cash/stock deal, will result in an upper-upscale and luxury vacation ownership and exchange company with 100+ vacation properties worldwide and around 650,000 owners, $2.9 billion in annual revenues. $VAC PR link.

NCR(PBR383) hires Michael D. Hayford as CEO, succeeds Chairman/CEO Bill Nuti who has been named Chairman Emeritus, and names Frank Martire Executive Chairman. $NCR PR link.

YRC Worldwide(PBR472) promotes President/COO Darren Hawkins to CEO per succession plan, succeeds retiring James Welch. $YRCW PR link.

TransDigm(PBR810) President/COO Kevin Stein, PhD, now President/CEO, succeeds Chairman/CEO/Co-Founder Nick Howley who is now Executive Chairman. $TDG PR link.

Terex(PBR357) hires Boris Schoepplein as President/Terex Parts & Services, based in Schaffhausen, Switzerland, effective 06/01/18. $TEX PR link.

Fifth Third Bancorp(PBR387) hires Susan B. Zaunbrecher as SVP/Senior Legal Adviser with intent to succeed Jelena McWilliams, a candidate to chair the Federal Deposit Insurance Corporation(FDIC), as Chief Legal Officer and Corporate Secretary. $FITB PR link.

S&P Global(PBR477) hires Dimitra Manis as EVP/Chief People Officer. $SPGI PR link.

McKesson(PBR6) elects Brad Lerman, SVP/General Counsel and Corporate Secretary for Medtronic(PBR133), as a new independent board director. $MCK PR link.

Deckers Outdoor(PBR929) appoints William L. McComb, former CEO of Liz Claiborne, to the Board and announces that John G. Perenchio has resigned from the Board. $DECK PR link.

The US Dept of Treasury says US National Public Debt on 04/26/18 was at $15.335 trillion, Intragovernmental Holdings $5.720 trillion, Total Debt $21.055 trillion, -0.2% from 03/30/18, +2.7% YTD, +6.1% from 04/28/17USTreasury PR link.

The US Dept of Commerce/BEA says US Preliminary March 2018 Total Personal Income Annual Rate is at $16.888 trillion, +0.3% from February 2018, +3.6% from March 2017Personal Savings Rate Average at +3.1%, Effective Tax Rate Average at 12.3%. USDOC PR link.

The Federal Reserve Bank of Chicago says 7th District Preliminary April 2018 Midwest Economy Index is at +0.52, March 2018 was +0.41. ChiFed PR link.

The MNI April 2018 Chicago Business Barometer(>50=Expanding) is at 57.6, March 2018 was 57.4, February 2018 61.9, April 201758.3. MNI/ISM Chicago PR link.

The American Automobile Assn says US Average Price Per Gallon-Regular on 04/30/18was at $2.811, highest since November 2014, 03/30/18 was $2.654, 02/28/18 $2.530, 04/28/17$2.398. AAA PR link.

***Friday, April 27:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 04/27/18:

The Stock Market Bear continued its run in the earlier part of the week, then the Stock Market Bull made an appearance for a couple of days. But in the end the Stock Market Bear prevailed for its 9th win of 2018 in the 19th week.

DJIA ends the week at 24,311.19, -0.62% from last Friday, +0.86% MTD/QTD, -1.65% YTD, -8.66% from record 26,616.71 set 01/26/18.

NASDAQ ends the week at 7,119.80, -0.37% from last Friday, +0.80% MTD/QTD, +3.13% YTD, -6.17% from record 7,588.32 set 03/12/18.

SPX ends the week at 2,669.91, -0.01% from last Friday, +1.10% MTD/QTD, -0.14% YTD, -7.06% from record 2,872.87 set 01/26/18.

Qualcomm(PBR106) extends $127.50/share tender offer for acquisition of NXP Semiconductors(NASDAQ: NXPI) to 05/11/18 5PM Eastern, 12.7% of the outstanding NXP common shares have been validly tendered. $QCOM PR link.

Wynn Resorts(PBR427 $WYNN) appears before Massachusetts Gaming Commission(MGC) regarding whether or not Steve Wynn should be a qualifier, CEO Matt Maddox affirms he should not be, is no longer a part of the company, proposes $2.5 billion Wynn Boston Harbor casino being constructed name be changed to Encore Boston HarborMGC PR link.

PPG(26) announces restructuring plan, includes reducing headcount by 1,100 by end of 2Q19. $PPG PR link.

Hill-Rom(PBR954) hires John P. Groetelaars as President/CEO, effective 05/14/18, succeeds retiring John J. Greisch. $HRC PR link.

Mondelez(PBR87) hires Paulette Alviti as Chief Human Resources Officer, effective 06/11/18, succeeds retiring Karen May. $MDLZ PR link.

Newmont Mining(PBR358) elects René Médori, PhD, who has deep experience in the global energy and mining industries, to the Board. $NEM PR link.

Norwegian Cruise Lines(BR489) appoints Pamela Thomas-Graham, Founder/CEO of Dandelion Chandelier LLC, a private digital media enterprise focused on global luxury, to the Board. $NCLH PR link.

The US Dept of Commerce/BEA says US Advance Estimate 1Q18 Gross Domestic Product Annual Rate was at +2.3%, $19.965 trillion, +1.1% from 4Q17, +4.8% from 1Q17USDOC PR link.

The US Dept of Labor says the US 1Q18 All Civilian Workers Employment Cost Index(2005=100) was at 132.5, 4Q17 was 131.4, 1Q17 129.0. USDOL PR link.

The U of Michigan US Final April 2018 Consumer Sentiment Index is at 98.8, March 2018 was 101.4, February 2018 99.7, April 2017 97.0. UMichigan PR link.

***Thursday, April 26:

Amazon(PBR29) Prime Video gets exclusive 2 year renewal to stream Natl Football League Thursday Night Football games globally. $AMZN PR link.

American Express(PBR83 $AXP) gets word from China‘s central bank that it would “formally accept” AMEX’s application to clear and settle domestic bank-card transactions, initial step toward approval. MarketWatch PR link.

Whirlpool(PBR138) commences modified Dutch Auction tender offer to purchase up to $1 billion of its common stock for $150 to $170/share, expires 05/23/18. $WHR PR link.

Tenet Healthcare(PBR161) completes $630 million acquisition of 15% ownership stake inUnited Surgical Partners International from Welsh, Carson, Anderson & Stowe, now owns 95%, Baylor U Medical Center owns remaining 5%. $THC PR link.

Hershey(PBR354 $HSY) to stop selling certain sizes and varieties of candy to save money as costs rise. MarketWatch PR link.

T Rowe Price(PBR570) adds 10 million shares to repurchase program, balance available is now 21 million shares, all 12 board nominees elected, including newcomer Richard Verma, Vice Chairman/Partner at The Asia Group and former US ambassador to India. $TROW PR link.

CIT Group(PBR608) to purchase its common stock up to $500,000,000, for $50-$56/share, expires 05/23/18. $CIT PR link.

First Solar(PBR630) to build a new solar module manufacturing facility near existing Perrysburg, OH, flagship plant. The $400 million capital investment 1 million sf 1.2 gigawatt factory to create 500 new jobs in northwestern Ohio, will produce the company’s advanced technology Series 6 thin film photovoltaic (PV) module, construction to start mid 2018, be in full production by late 2019. $FSLR PR link.

Welltower(PBR635) to acquire Quality Care Properties, Inc. (NYSE: QCP) for $20.75/share, forms 80/20 joint venture with regional not-for-profit health system ProMedica Health Systemwho will provide operations support. $WELL PR link.

Endo Intl(PBR700) to acquire New Jerseybased developer/marketer of sterile injectable and ophthalmic drugs for the US marketplace Somerset Therapeutics and its India based affiliate contract developer/manufacturer Wintac Ltd for around $190 million total. $ENDP PR link.

MGIC Investment(PBR993) authorizes up to $200 million share repurchase program through 12/31/19. $MTG PR link.

La Quinta(PBR998) stockholders approve acquisition by Wyndham Worldwide(PBR464)for $1.95 billion in cash after spin-off of La Quinta’s real estate assets into independent public company CorePoint Lodging, to close 2Q18. $LQ PR link.

Tesla(PBR651) SEC proxy statement shows CEO Elon Musk received $49,920 in 2017 compensation, median worker earned $54,816 for a Pay Ratio of 0.91/1.00(pg 38). $TSLA PR link.

Macerich(PBR957) SEVP/CFO/Treasurer Thomas O’Hern to become CEO on 01/01/19, will succeed retiring Art Coppola, SVP/Finance Scott Kingsmore to become EVP/CFO/Treasurer. $MAC PR link.

The New York Times(PBR971) promotes Roland Caputo to CFO, effective 04/30/18, was named interim CFO on 03/01/18. $NYT PR link.

The US Dept of Labor says US Total Initial Unemployment Insurance Claims for Week Ending 04/21/18 were at 209,000, was 218,000 on 03/31/18, 217,000 on 02/24/18, 242,000 on 04/29/17USDOL PR link.

The US Dept of Commerce/Census says US 1Q18 Total Housing Units are at 137.1 million, 120.9 million are occupired, 77.0 million by homeowners, 43.0 million by renters, 17.2 million homes are vacantOccupancy Rate is 87.5%, Home Ownership Rate 64.2%. USDOC PR link.

FreddieMac(PBR41) says US 30 Year Fixed Mortgage Rate Average on 04/26/18 was at 4.58% with 0,5 fees/points, 03/29/18 was 4.44%, 02/22/18 4.40%, 04/27/17 4.03%. $FMCC PR link.

***Wednesday, April 25:

Ford(PBR10) releases 1Q18 results, says by 2020 almost 90% of Ford portfolio in N Americawill be trucks, utilities and commercial vehicles, sedans to be focused on Mustang and new Focus Active crossover. $F PR link.

Comcast(PBR42) bids $30 billion for major European entertainment and communications services provider Sky plc, a 16% premium over 21st Century Fox(PBR91) bid. $CMCSA PR link.

UPS(PBR47) makes available a special Voluntary Retirement Plan for a select group of non-operations, retirement-eligible US management employees to help reduce headcount, lower on-going operating expense. $UPS PR link.

21st Century Fox(PBR91) responds to Comcast(PBR42) $30 billion bid for Sky plc, comments that it remains committed to its recommended cash offer for Sky announced on 12/15/17 and is currently considering its options. $FOX PR link.

Norfolk Southern(PBR242) increases shares buyback program to $1.5 billion. $NSC PR link.

Estee Lauder(PBR255) expands paid parental leave program to 20 weeks, up to $10,000 for adoption assistance, expands benefits to include back-up child, adult, and elder care. $EL PR link.

Ball Corp(PBR312) authorizes 25 million share repurchase program, replaces all previous programs. $BLL PR link.

Caesars Entertainment(PBR314) to license and manage its first Mexico non-gaming facility at to be developed $200 million 5 start luxury 500 room with convention center beach front Caesars Palace resort in Puerto Los Cabos$CZR PR link.

KBR(PBR395) completes acquisition of technology solutions, engineering services, mission operations, scientific and IT software solutions in the Government Services market provider Stinger Ghaffarian Technologies, has $3.4 billion in backlog with no major recompetes for two years, terms not disclosed. $KBR PR link.

Twitter(PBR735) 1Q18 ends with 336 million total average monthly active users, 69 million from US, 267 million from international, total +3% from 1Q17, 6 million new users in 1Q18. $TWTR PR link.

Hologic(PBR767) gets US FDA approval for ThinPrep® Integrated Imager, which will make automated imaging of Pap tests more broadly available to US laboratories and cytologists. $HOLX PR link.

Plexus(PBR807) to build second manuifacturing facility in Guadalajara, Mexico, 472,000 sf, to be ready mid 2019, employ around 3,000. $PLXS PR link.

Briggs & Stratton(PBR920) authorizes $50 million share repurchase program, expires 06/30/20. $BGG PR link.

Regions Financial(PBR540) President John Turner to become CEO on 07/02/18, succeeds Chairman/CEO Grayson Hall who will become Executive Chairman through 2018. $RF PR link.

Coty(PBR524) hires Esra Erkal-Paler to newly created position of Chief Global Corporate Affairs Officer. $COTY PR link.

Public Storage(PBR848) promotes Natalia N. Johnson to SVP/Chief Human Resources Officer and hires Ryan Burke as VP/Investor Services, succeeds retiring Clemente Teng. $PSA PR link.

Herbalife(PBR487) board directors stepping off are Richard P. Bermingham, Pedro Cardoso, and Keith Cozza; new directors elected to the board are Nicholas Graziano, portfolio manager of Icahn Capital, Alan LeFevre, former EVP of finance and chief financial officer for Jarden Corporation, Juan Miguel Mendoza, an independent Herbalife distributor for 25 years, and Margarita Palau-Hernandez, founder and CEO of Hernandez Ventures. $HLF PR link.

Moody’s(PBR636) elects Vincent Forlenza, Chairman/CEO of Becton Dickinson(PBR318) and Gerrit Zalm, former Chairman/CEO of ABN AMRO to the Board. $MCO PR link.

The US Energy Information Administrationsays US Crude Oil Reserve Stocks on 04/20/18 were at 429.7 million barrels of oil, -0.1% from 03/23/18, -18.7% from 04/21/17EIA PR link.

ADP(PBR235) says US 1Q18 Average Annual Wage Growth was at +2.9%, +0.8% from 1Q171Q18 Average Worker Hourly Wage was $27.36, +$ 0.78 from 1Q17$ADP PR link.

***Tuesday, April 24:

Amazon(PBR29) Prime members can now have items delivered inside their vehicle parked at home, work or near other locations in their address book through the Amazon Key service, no additional charge, currently available in 37 locations, rolling out across the US. $AMZN PR link.

Microsoft(PBR31) and Declaration Networks Group to deliver broadband internet access to approximately 65,000 people on the Eastern Shore of Virginia, including Accomack and Northampton Counties, and Garrett County, Maryland, over the next three years, partnership part of Microsoft’s Rural Airband Initiative$MSFT PR link.

General Mills(PBR162) completes $40.00/share, $8.0 billion cash acquisition of BLUE brand natural foods and treats for dogs and cats company Blue Buffalo Pet Products(NASDAQ: BUFF)$GIS PR link.

SuperValu(PBR164) to sell 8 of its distribution centers, around 5.8 million square feet, to a single buyer for around $483 million then lease back the facilities for an initial term of 20 years with five five-year renewal options. $SVU PR link.

Gap Inc(PBR179) to open 60 new Old Navystores by end of 2018. $GPS PR link.

Genworth Financial(PBR287) and China Oceanwide withdraw and refile Committee on Foreign Investment in the US (CFIUS) joint notice, starts 45 day investigative period regarding GNW’s $5.43/share, $2.7 billion cash acquisition of Oceanwide. $GNW PR link.

Salesforce(PBR453) to invest $2.2 billion in its French business over the next five years. $CRM PR link.

Herbalife(PBR487) name change to Herbalife Nutrition Ltd to be effective 04/25/18, ticker symbol remains HLF; 2:1 stock split distribution date is 05/14/18. $HLF PR link.

TransDigm(PBR810) completes $525 million acquisition of Melbourne, FL, based $85 million/FY2018 proprietary aftermarket products and repair and overhaul services to the aerospace and defense end markets Extant Components Group from Warburg Pincus$TDG PR link.

Sinclair Broadcast(PBR894) to sell 23 TV stations to Standard Media Group(an affiliate of Standard General LP), Meredith Corp(PBR994)Howard Stirk and Cunningham Broadcasting Corporation and another party to be announced, upon consummation of Sinclair’s $43.50/share, $3.9 billion cash/stock, plus assumption of $2.7 billion of debt acquisition of Tribune Media Company(NYSE:TRCO)$SBGI PR link.

Jabil Circuit(PBR188) CFO Forbes I.J. Alexander to retire 08/31/18 after 25 years with company, SVP/Controller Michael K. Dastoor named successor, effective 09/01/18. $JBL PR link.

The US Dept of Commerce/HUD says US Preliminary March 2018 New Family Homes Sold/For Sale Annual Rate is at 694,000, +4.0% from February 2018, +8.8% from March 2017Preliminary March 2018 Median Home Price was $337,200, +3.5% from February 2018, +4.8% from March 2017USDOC PR link.

The Federal Reserve Bank of Richmond Fifth District April 2018 Manufacturing Index(Annualized) is at -3%, March 2018 was +15%, February 2018 +28%, April 2017 +17%. RichmondFed PR link.

The Federal Reserve Bank of Richmond Fifth District April 2018 Service Sector Revenue Index(Annualized) is at +2%, March 2018 was +25%, February 2018 +27%, April 2017 +19%. RichmondFed PR link.

The S&P CoreLogic Case-Shiller US February 2018 National Home Price Index(01/2000=100)is at 197.01, January 2018 was 196.18, December 2017 196.17, February 2017 185.27. Case-Shiller PR link.

The Conference Board Preliminary April 2018 Consumer Confidence Index(1985=100) is at 128.7, May 2018 was 127.0. TCB PR link.

***Monday, April 23:

Apple(PBR5 $AAPL) acquisition of UK based developer and distributor of music recognition applications Shazam getting in-depth investigation by European Commission, concerned merger could reduce choice for users of music streaming services. European Commission PR link.

Pfizer(PBR56) receives a Complete Response Letter (CRL) from US FDA regarding proposed trastuzumab biosimilar, does not relate to safety or clinical data submitted, plans to respond. $PFE PR link.

Humana(PBR58) with TPG Capital and Welsh, Carson, Anderson & Stowe, to acquire privately held hospice operators providing care to patients at 245 locations in 22 states Curo Health Services for $1.4 billion, Humana to have 40% minority interest. $HUM PR link.

Sears(PBR93) gets letter from ESL Investments recommending divestiture of all or a portion of (i) the Kenmore brand and related assets, (ii) the Sears Home Improvementbusiness of the Sears Home Services division (“SHIP”), and (iii) the PartsDirect business of the Sears Home Services division, ESL interested in participating as a buyer. $SHLD PR link.

Whirlpool(PBR138) to sell its Brazil based 11,000 employees worldwide Embracocompressor business to Nidec Corporation for $1.08 billion cash, to close in early 2019. $WHR PR link.

FirstEnergy(PBR195) reaches agreement in principle with two groups of key creditors in the Chapter 11 proceedings of FirstEnergy Solutions (FES), its related entities and FirstEnergy Nuclear Operating Company (FENOC)$FE PR link.

PSEG(PBR257) to replace 875 miles of gas mains over 5 years through $1.875 billion settlement with NJ Board of Public Utilities, represents under 2% residential rate increase, around $17/year, to create 3,200 sustained jobs. $PEG PR link.

Henry Schein(PBR270) to spin off and merge its Animal Health business with Vets First Choiceto create an independent public company 63% owned by HSIC, also expects to receive $1.0 to $1.25 billion cash. $HSIC PR link.

CenterPoint Energy(PBR295) to acquire Vectren(PBR745) for $72/share, around $6 billion, will create an energy delivery, infrastructure and services company serving more than 7 million US customers. $CNP PR link.

LabCorp(PBR413) at Walgreens(PBR36 $WBA) to expand into Florida at 10 sites. $LH PR link.

JetBlue(PBR429) and semi-private public charter operator JetSuiteX announce codeshare partnership, includes flights between Burbank, Calif. (BUR); Concord, Calif. (CCR); Oakland, Calif. (OAK); and Las Vegas (LAS)$JBLU PR link.

Netflix(PBR447) to sell $1.5 billion of senior notes for general corporate purposes. $NFLX PR link.

Trimble Navigation(PBR804) to acquire privately-held scalable construction management software developer Viewpoint from Bain Capitalfor $1.2 billion cash. $TRMB PR link.

McDermott Intl(PBR825) rejects unsolicited, non-binding proposal to be acquired by Subsea 7 for $7.00/share. $MDR PR link.

McDermott Intl(PBR825) and CB&I(NYSE: CBI(Chicago Bridge & Iron) $6 billion merger to be named McDermott, expects to close in 05/18. $MDR PR link.

United Continental(PBR77) SEC proxy statement shows CEO Oscar Munoz 2017 total compensation was $9,561,134, median US employee total compensation was $83,211(from 85,359 US employees), 2017 CEO Pay Ratiowas 115:1(pg 84). $UAL PR link.

Cooper Cos(PBR950) CFO Albert White to become President/CEO on 05/01/18, Brian Andrews to be promoted to SVP/CFO & Treasurer. $COO PR link.

PolyOne(PBR586) promotes Dr. David A. Jarus to VP/Research & Development, succeeds retiring Christopher J. Murphy. $POL PR link.

Cabot Corp(PBR607) EVP/CFO Eduardo Cordeiro & President/Americas to step down on 05/15/18, VP/Business Operations of Reinforcement Materials Erica McLaughlin to become SVP/CFO at that time. $CBT PR link.

Granite Construction(PBR831) EVP/CFO Laurel J. Krzeminski to retire in 2H18, search starts. $GVA PR link.

Reinsurance Group of America(PBR256)appoints John J. Gauthier, most recently President of Allied World Financial Services and as EVP/Chief Investment Officer of Allied World Assurance Company Holdings, AG, and Hazel M. McNeilage, Managing Director, EMEA for Northern Trust Asset Management, to the Board, effective 07/18. $RGA PR link.

Wynn Resorts(PBR427) stockholders get letter from co-founder and largest stockholder Elaine Wynn requesting a No vote for Board nominee John J. Hagenbuch at 05/16/18 annual meeting. $WYNN PR link.

Newell Brands(PBR434) ends proxy fight with Starboard, appoints Starboard representatives Gerardo I. Lopez and Robert A. Steele to the Board, to nominate Bridget Ryan Berman for Board at 2018 annual meeting, Andrew Langham steps down from Board effective immediately, David Atchison not standing for re-election. $NWL PR link.

Vitamin Shoppe(PBR968) appoints Himanshu H. Shah, Sing Wang and Melvin L. Keating to the Board, may appoint 2 more later, 4 current directors not standing for re-election. $VS PR link.

The Federal Reserve Bank of Chicago US Preliminary March 2018 3 Month Moving Average National Activity Index is at +0.27, February 2018 +0.31, January 2018 +0.11, March 2017 -0.07. ChiFed PR link.

The Natl Assn of Realtors says US March 2018 Existing Home Sales Annual Rate is at 5,600,000, +1.1% from February 2018, -1.2% from March 2017US March 2018 Existing Home Median Price is at $250,400, +3.6% from February 2018, +5.8% from March 2017$NAR PR link.

FreddieMac(PBR41) in April 2018 Outlookforecasts 30 year fixed mortgage rates to average 5.1%$FMCC PR link.

***Friday, April 20:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 04/20/18:

The week started out pretty strong as geopolitical issues eased. President Trump and Japanese Prime Minister Abe appeared to have some good talks to address the trade deficit. Former FBI Director James Comeymade the rounds promoting his “tell all” book about his interactions and thoughts about President Trump. As the week progressed 1Q18 earnings came in mixed. Mid week the Beige Book was released indicating the economy is growing at a modest to moderate rate. The much admired former First Lady Barbara Bushpassed away, The Stock Market Bear made a big push in the second half of the week as tech stocks struggled, but in the end the Stock Market Bull pulled out its 10th win of 2018 in the 16th week.

DJIA ends the week at 24,462.94, +0.42% from last Friday, +1.49% MTD/QTD, -1.04% YTD, -8.09% from record 26,616.71 set 01/26/18.

NASDAQ ends the week at 7,146.13, +0.56% from last Friday, +1.17% MTD/QTD, +3.52% YTD, -5.83% from record 7,588.32 set 03/12/18.

SPX ends the week at 2,670.14, +0.52% from last Friday, +1.11% MTD/QTD, -0.13% YTD, -7.06% from record 2,872.87 set 01/26/18.

Walmart(PBR1) Proxy Statement for 2018 shareholders meeting shows CEO made $22.8 million in 2017, median worker made $19,177, CEO pay ratio of 1,188:1(pg 78, CEO Pay Ratio). $WMT PR link.

Verizon(PBR15 $VZ) sells its photo services Flickr unit to SmugMug, terms not disclosed. SmugMug PR link.

Kroger(PBR20) completes $2.15 billion sale of 762 convenience stores unit to UK based privately held petrol forecourt convenience store retailer EG Group, announces $1.2 billion accelerated share repurchase program with Goldman Sachs(PBR76)$KR PR link.

Wells Fargo(PBR30) to pay $1 billion per agreement with US Consumer Financial Protection Bureau and Office of the Comptroller of the Currency regarding certain home mortgage and auto loans compliance issues. $WFC PR link.

Monsanto(PBR187 $MON) $128/share, $66 billion cash acquisition by Germany’s Bayer AGgets Russian antitrust authorities approval conditioned on some technology transfers to Russia recipients. MarketWatch PR link.

Facebook(PBR228) moves 1.5 billion users out of reach of new European privacy lawThe Guardian PR link.

Biogen(PBR282) purchases $625 million of Ionis Pharmaceuticals (Nasdaq: IONS) stock and makes $375 million up front payment for 10 year expanded strategic collaboration agreement to develop novel antisense drug candidates for a broad range of neurological diseases. $BIIB PR link.

Charter Communications(PBR297) and Comcast(PBR42) form a 50/50 operating platform partnership for the development and design of backend systems to support Comcast’s Xfinity Mobile and Charter’s Spectrum Mobile service. $CHTR PR link.

Varian Medical(PBR678) gets US FDA 510k clearance for its Calypso® Anchored Beacon® transponder, helps clinicians deliver dose to lung tumors with increased confidence and accuracy. $VAR PR link.

Trimble Navigation(PBR804) has acquired assets of Williamsburg, VA, based N Americansupplier of Management Information System (MIS) solutions for steel fabrication developer FabSuite, terms not disclosed. $TRMB PR link.

Middleby(PBR865) acquires Barcelona, Spain, based $20 million in sales/year manufacturer of charcoal grill and oven cooking equipment for commercial foodservice and residential applications Josper SA, terms not disclosed. $MIDD PR link.

TripAdvisor(PBR936) acquires Iceland based business management technology for the tours, attractions and experiences industry provider Bokun, charges flat monthly fee for corporate bookings, terms not disclosed. $TRIP PR link.

HNI Corp(PBR841) Chairman/President/CEO retires as President, to retire as Chairman/CEO no later than 12/31/18, Jeffrey D. Lorenger promoted to President, to add CEO role by end of 2018. $HNI PR link.

Chipotle(PBR561) hires Marissa Andrada as Chief Human Resources Officer. $CMG PR link.

Delta(PBR72) appoints Michael Huerta, former Administrator of the US Federal Aviation Administration, to the Board. $DAL PR link.

AutoNation(PBR148) elects Dr. Jacqueline A. Travisano, EVP/Business and Finance and COO of the University of Miami, to the Board. $AN PR link.

***Thursday, April 19:

Verizon(PBR15) bolsters in-house customer experience design team with acquisition of Moment, terms not disclosed. $VZ PR link.

Wells Fargo(PBR30) commits to provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50% focused on clean technology and renewable energy transactions that directly support the transition to a low-carbon economy. $WFC PR link.

Wells Fargo(PBR30 $WFC) to no longer be mortgage benefits provider for the American Federation of Teachers because of lack of bank’s relationship with the National Rifle Association and gun manufacturersAFT PR link.

Proctor & Gamble(PBR33) to acquire the Consumer Health business of Merck KGaA, Darmstadt, Germany, for around $4.1 billion, expands over-the-counter products, replaces and improves upon the highly successful PGT Healthcare joint venture P&G had with Teva Pharmaceutical Industries (NYSE: TEVA), which will be terminated 07/01/18. $PG PR link.

AIG(PBR46) authorizes two new insurance companies in the UK and Luxembourg, in preparation for upcoming Brexit break between the UK and the European Union$AIG PR link.

Qualcomm(PBR106) and NXP Semiconductors(NASDAQ: NXPI) at the request of the Ministry of Commerce in China (MOFCOM) have withdrawn and refiled the notice of acquisition, extends end date for purchase to 07/25/18, also extends $127.50/share tender offer date to 04/27/18. $QCOM PR link.

Qualcomm(PBR106 $QCOM) laying off 4.4% of its workforce to cut costs. MarketWatch PR link.

Xerox(PBR144 $XRX) defends CEO’s authority on Fujifilm deal after investor’s accusations. MarketWatch PR link.

American Electric Power(PBR174) reaches settlement agreement related to the return on equity (ROE) for transmission investments in AEP’s eastern operating companies and transmission companies, incorporates benefits of tax reform into transmission rates. $AEP PR link.

Allergan(PBR219) issues statement saying that it does not intend to make an offer for Shire plc, continues to evaluate divestitures, combinations and acquisitions. $AGN PR link.

Sempra Energy(PBR254)’s SoCalGas and Opus 12 successfully demonstrate new process to convert carbon dioxide in raw biogas to methane in a single electrochemical step, a critical improvement in the science of upgrading biogas to pipeline quality natural gas, and a simpler method of converting excess renewable electricity into storable natural gas. $SRE PR link.

Cognizant(PBR272) completes acquisition of privately held 2,400 employees, 1,400+ client locations revenue cycle management provider Bolder Healthcare Solutions, terms not disclosed. $CTSH PR link.

MGM Resorts(PBR273) and Chicago based Invenergy to partner in developing a new solar photovoltaic array with 336,000 panels on 640 acres 25 miles from Las Vegas, will generate 100 megawatts, and provide 90% of daytime electricity needs for MGM’s 13 Las Vegas properties. $MGM PR link.

AGCO(PBR280) Power unit celebrates 75th year in business, one millionth engine produced, in its factory in Linnavuori, Nokia, Finland$AGCO PR link.

Booking(PBR319) to acquire Denver, CO, based local activities and experiences booking software provider, FareHarbor, terms not disclosed. $BKNG PR link.

AMD(PBR445) announced the global availability of its 2nd Generation Ryzen™ Desktopprocessors starting with four models optimized for gamers, creators, and hardware enthusiasts. $AMD PR link.

Guess?(PBR798) and Gucci conclude all pending IP litigations and trademark office matters worldwide, terms not disclosed. $GES PR link.

Mattel(PBR412) appoints director Ynon Kreiz to be CEO, effective 04/26/18, succeeds departing Margo Georgiadis, Kreiz expected to also be elected Chairman at 05/17/18 annual meeting. $MAT PR link.

Macerich(PBR957) Chairman/CEO Arthur Coppola to retire on 12/31/18 after 42 years with company and its predecessors, director Steven Hash appointed Independent Chairman, CEO successor search starts. $MAC PR link.

Nike(PBR98 $NKE) clears way for more diverse leadership with 4 executives having exited. Portland Business Journal PR link.

Nationstar Mortgage(PBR857) promotes Tony Ebers to new company position of COO. $NSM PR link.

Popular(PBR886) creates Corporate Security Group, promotes Betina Castellví to Chief Security Officer as its leader. $BPOP PR link.

Celgene(PBR347)‘s longest serving director, Gilla Kaplan, PhD, to retire after 20 years of service; US health insurance expert Patricia Hemingway Hall and Juno Therapeutics co-founder and former CEO Hans Bishop elected to Board. $CELG PR link.

The Federal Reserve Bank of Philadelphiasays the 3rd District March 2018 Manufacturing General Activity Indicator is at 23.2, February 2018 was 22.3, January 201825.8, March 2017 31.6. PhillyFed PR link.

The Conference Board says US Preliminary March 2018 Leading Economic Indicator(2016=100) is at 109.0, February 2018was 108.7, January 2018 108.0, December 2017 107.2, indicates solid economic growth to continue through 2018. TCB PR link.

***Wednesday, April 18:

AT&T(PBR12) decides to withdraw its planned initial public offering of shares of Vrio Corpbased on current market conditions. $T PR link.

Amazon(PBR29) went over 100 million Prime members globally & shipped 5+ billion itemsin 2017, says Founder/Chairman/President/CEO Jeff Bezos in his annual letter to stockholders. $AMZN PR link.

Amazon(PBR29) and Best Buy(PBR73) do exclusive multi-year partnership to offer new Fire TV Edition Smart TVs in US & Canada beginning in summer 2018. $AMZN PR link.

Home Depot(PBR32) to hire 1,000 technology professionals at its primary technology centers in Atlanta, Austin and Dallas$HD PR link.

Intel(PBR51) Stratix® 10 FPGAs hit 10 trillion floating point operations per second, fastest in the world. $INTC PR link.

Emerson Electric(PBR109) to acquire Textron(PBR207)’s Rockford, IL, based 11 manufacturing facilities globally, 2,300 employees $470 million in sales/2017 Tools and Test Equipment business for $810 million, to close within 90 days. $EMR PR link.

Community Health Systems(PBR125) to sell Ocala, FL, 421-bed Munroe Regional Medical Center to Adventist Health System Sunbelt Healthcare subsidiary Florida Hospital Ocala, to close 3Q18, terms not disclosed, part of divestiture program announced in 12/17. $CYH PR link.

Office Depot(PBR182) expands channel partners program by making available its IT services with 6,000 field technicians, gets agreement with telecom and cloud solutions distributor MicroCorp$ODP PR link.

RR Donnelley(PBR243) reorganizes from 3 operating units into 2, Marketing Solutions and Business Services$RRD PR link.

Dover(PBR343) board approves spin-off of oil and gas well drilling equipment developer Apergy as a separate public company, NYSE: APY, effective 05/09/18. $DOV PR link.

United Rentals(PBR438) authorizes new $1.25 billion share repurchase program, commences after completion of $168 million balance remaining from previous $1 billion authorization, expires 12/31/19. $URI PR link.

Netflix(PBR447) has over 100 projects in the works, provides some details on 10 for Europe$NFLX PR link.

Herbalife(PBR487) commences self-tender offer to purchase up to an aggregate $600 million of shares of its common stock at a per share price between $108.00 and $98.00, expires 05/16/18. $HLF PR link.

Norwegian Cruise Lines(PBR489) authorizes 3 year up to $1 billion share repurchase program. $NCLH PR link.

Tailored Brands(PBR643) announces partnership with Hero to launch phased rollout of Men’s Wearhouse LIVE! and Jos. A. Bank LIVE!, connects online shoppers live with expert sales associates in the physical store, to be in place by 09/18. $TLRD PR link.

SunPower(PBR680) to acquire Hillsboro, OR, based American manufacturer of solar panels SolarWorld Americas, terms not disclosed. $SPWR PR link.

Equinix(PBR793) completes $804 million cash acquisition of operator of data centers in Australia provider Metronode from Ontario Teachers’ Pension Plan, now has 15 International Business ExchangeTM (IBX®)data centers across Australia. $EQIX PR link.

GoPro(PBR902) launches GoPro and digital cameras trade-up program for HERO6 Black($50 off) and Fusion($100 off) cameras. $GPRO PR link.

General Motors(PBR8) President/General Manager GM Canada Steve Carlisle appointed SVP & President/Cadillac replacing Johan de Nysschen who is leaving, effective immediately; VP/Global Products Travis Hester now President/General Manager of GM Canada. $GM PR link.

ADP(PBR235) appoints Thomas J. Lynch, Chairman of global technology and manufacturing company TE Connectivity Ltd, and Scott F. Powers, former President/CEO of State Street Global Advisors, to the Board. $ADP PR link.

Wynn Resorts(PBR427) appoints 3 new independent directors, Betsy Atkins, an expert in corporate governance and digital transformation, consumer experience and technology, Dee Dee Myers, Warners Bros Entertainment EVP/Worldwide Corporate Communications and Public Affairs, and Wendy Webb, CEO of Kestrel Advisors and former Walt Disney executive, first step to refresh the Board. $WYNN PR link.

The US Federal Reserve releases the Beige Book for data through 04/09/18, says economic growth continues to be modest to moderate, outlooks remain optimistic with some concerns over new and proposed tariffs, employmentcontinues to grow at a modest to moderate pace. USFed PR link.

***Tuesday, April 17:

***Beloved former First Lady Barbara Bush passes away at age 92. New York Post PR link.***

Walmart(PBR1) US to launch new look website for e-commerce in 05/18. $WMT PR link.

Amazon(PBR29) launches the ‘International Shopping’ experience within the Amazon Shopping App, 45 million items available to be shipped internationally from the US. $AMZN PR link.

Aetna(PBR49) in 1Q18 reorganizes its business and management structure in preparation for its $207/share, $69 billion, stock/cash acquisition by CVS Health(PBR11)$AET PR link.

Southwest Airlines(PBR153) confirms an accident involving Southwest Airlines Flight 1380 flight from NY, NY, to Dallas, TX, #1 engine caught fire, emergency landing in Philadelphia, PA, 1 fatality, flight had 144 passengers and 5 crew. $LUV PR link.

Starbucks(PBR178) to close all 8,000+ US stores on afternoon of 05/29/18 for racial-bias education for its nearly 175,000 employees, will also become part of on-boarding process. $SBUX PR link.

BlackRock(PBR252) to acquire $9 billion in of committed client capital 80+ team members Los Angeles, CA, based Tennenbaum Capital Partners, terms not disclosed. $BLK PR link.

JetBlue(PBR429)‘s 5,000 inflight crewmembers elect to have the Transport Workers Union (TWU) represent them. $JBLU PR link.

Alliant Energy(BR634) gets approval from Iowa Utilities Board to to add 1,000 MW of new wind energy in Iowa, enough to power 430,000 homes, to invest $1.8 billion by end of 2020. $LNT PR link.

Scotts Miracle-Gro(PBR705) to acquire largest hydroponic distributor in the US $460 million in sales in 2017 Sunlight Supply for $425 million cash and $25 SMG equity, will become part of wholly owned subsidiary The Hawthorne Gardening Company$SMG PR link.

Bon-Ton Stores(PBR707) not able to find buyer of its business as an ongoing concern, goes to auction, joint venture composed of the holders of the Company’s 8.0% Second Lien Secured Notes due 2021 and Great American Group, LLC and Tiger Capital Group, LLC will acquire the inventory and certain other assets of the Company, sale to be finalized and wind-down of operations scheduled for 04/18/18. $BONTQ PR link.

Big Lots(PBR468) President/CEO David Campisi, on medical leave, retires to focus on health issues, EVP/Chief Merchandising & Operating Officer Lisa Bachmann and EVP/Chief Admin & CFO Timothy Johnson continue assigned responsibilities until successor hired. $BIG PR link.

Southern Co(PBR155) to promote Andrew Evans to EVP/CFO, to succeed retiring Art Beattie, Kimberly Greene to succeed Evans as Chairman/President/CEO of Southern Company Gas, Stan Connally to succeed Greene as EVP/Operations & Chairman/President/CEO of Gulf Power, all effective 06/01/18. $SO PR link.

XCEL Energy(PBR241) hires Brett Carter to newly created position of EVP/Chief Customer and Innovation Officer. will assume many of the responsibilities currently held by Marvin McDaniel who is retiring 06/01/18. $XEL PR link.

Tapestry(PBR496) hires Eraldo Poletto as CEO/Brand President of Stuart Weitzman, effective 04/30/18, succeeds departing Wendy Kahn. $TPR PR link.

Welltower(PBR635) hires Keith Konkoli as SVP/Outpatient Medical & Real Estate Services, succeeds retiring Mike Noto. $WELL PR link.

H&R Block(PBR669) hires Vinoo Vijay as Chief Marketing Officer, effective 04/23/18. $HRB PR link.

Wynn Resorts(PBR427) co-founder and largest shareholder Elaine Wynn writes letter to the Board saying governance structure needs to be reformed and that the board of directors needs to be reconstituted immediately, recommends process to do so for voting at 2018 annual meeting. $WYNN PR link.

Nelnet(PBR972) mourns the passing away of co-founder/Board Vice Chairman and former CEO Stephen F. Butterfield. $NNI PR link.

The US Dept of Commerce/HUD says US Preliminary March 2018 Private Housing Building Permits Issued Annual Rate is at 1,354,000, +2.5% from February 2018, +7.5% from March 2017USDOC PR link.

The US Federal Reserve says US Preliminary March 2018 Total Manufacturing Production % of Capacity was at 78.0%, February 2018was 77.7%, January 2018 77.1%, March 201775.5%. USFed PR link.

The Natl Assn of Home Builders/Wells Fargo March 2018 Housing Market Composite Indexis at 69, remains in solid territory, February 2018was 70, January 2018 71, March 2017 71. NAHB/WF PR link.

***Monday, April 16:

Merck(PBR70) shares surge anew on lung cancer advance on Keytruda results($MRK PR link.), while Bristol-Myers Squibb(PBR185)stock plummets with less positive Opdivoresults($BMY PR link.). MarketWatch PR link.

Goldman Sachs(PBR76) Bank USA Marcusunit acquires 1+ million customers personal finance app developer Clarity Money, terms not disclosed. $GS PR link.

American Express(PBR83) and Marriott International(PBR211) to launch new Starwood Preferred Guest® Luxury Credit Card in 08/18, $450 annual fee includes $300 in purchases credit, other benefits. $AXP PR link.

Icahn Enterprises(PBR147) to sell its majority owned subsidiary Tropicana Entertainment real estate to Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) and to merge its gaming and hotel operations into Eldorado Resort(NASDAQ:ERI) for an aggregate consideration of $1.85 billion, to close 2H18. $IEP PR link.

Goodyear Tire(PBR157) and Bridgestone Americas to form tire distribution joint venture called TireHub to serve US tire dealers and retailers, with an emphasis on satisfying rapidly growing demand for larger rim diameter premium tires, to be available around mid 2018. $GT PR link.

Group 1 Automotive(PBR276) expands in Brazil with Toyota and Honda dealerships in Sao Paulo area. $GPI PR link.

Caesars Entertainment(PBR314) in deal with Merass Holdings to manage its first two non-gaming luxury hotels, Caesars Palace Bluewaters Dubai, and a beach club, Caesars Bluewaters Dubai, at Meraas’ Dubai-based Bluewaters Island development, starting in late 2018. $CZR PR link.

Boston Scientific(PBR356) acquires privately held nVision Medical, developed the first and only device cleared by the US FDA to collect cells from fallopian tubes, offering a potential platform for earlier diagnosis of ovarian cancer, for $150 million plus additional up to $125 million over four years for milestone achievements, potential $2 billion market. $BSX PR link.

Wynn Resorts(PBR427) says all litigation issues between WYNN, Kim Sinatra and Elaine Wynn have been resolved, no payments made. $WYNN PR link.

Netflix(PBR447) 1Q18 results show 125,000,000 total members, 118,900,000 paid, net additions of 7,410,000, forecasting 6,200,000 net additions for 2Q18. $NFLX PR link.

NASDAQ(PBR618) completes $335 million sale of its Corporate Solutions’ Public Relations Solutions and Digital Media Services units to West Corporation$NDAQ PR link.

Tesla(PBR651 $TSLA) temporarily shutting down Model 3 production for 4-5 days.Buzzfeed PR link.

Tesla(PBR651) blog addresses recent Revealarticle critical about safety at Tesla, Tesla says its goal is to build “the safest factory on Earth.”$TSLA PR link.

Middleby(PBR865) acquires nitro coffee brew developer JoeTap, a subsidiary of A.C. Beverage, with its patented nitrogen infusion process that will be incorporated into a smaller footprint and with greater operator flexibility, terms not disclosed. $MIDD PR link.

Domino’s(PBR889) launches over 150,000 US hotspots for non-traditional ordering and delivery places, like parks, sports fields, and beaches. $DPZ PR link.

BlueLinx(PBR892) completes $413 million acquisition of building products wholesale distributor Cedar Creek, a portfolio company of Charlesbank Capital Partners$BXC PR link.

Scientific Games(PBR937)’ SG Digital unit has commenced OpenBet sportsbook product review sessions with the NJ Division of Gaming Enforcement, anticipating US Supreme Courtdecision to repeal the Professional and Amateur Sports Betting Association Act (PASPA)$SGMS PR link.

Sempra Energy(PBR254) hires Faisel H. Khan as VP/Investor Relations, succeeds recently retired Richard A. Vaccari. $SRE PR link.

Agilent Technologies(PBR364) SVP & President/Life Sciences and Analytical Group Patrick Kaltenbach leaving company 04/20/18, successor search starts. $A PR link.

Titan Intl(PBR910) notifies CFO James M. Froisland that his contract will not be renewed, expires 12/05/18, successor search starts. $TWI PR link.

Estee Lauder(PBR255) elects Jennifer Hyman, Co-Founder/CEO of Rent the Runway, and Jennifer Tejada, CEO of PagerDuty, to the Board. $EL PR link.

MasterCard(PBR291) hires former US Trade Representative Michael Froman as Vice Chairman and to the new role of President/Strategic Growth. $MA PR link.

The US Dept of Commerce/Census says US Preliminary February 2018 Total Business Sales were at $1.430 trillion, +0.4% from January 2018, +5.8% from February 2017February 2018 Total Business Inventorieswere at $1.929 trillion, +0.6% from January 2018, +4.0% from February 2017USDOC PR link.

The US Dept of Commerce/Census says US Advance March 2018 Total Retail Sales were at $494.6 billion, +0.6% from February 2018, +4.5% from March 2017USDOC PR link.

The Federal Reserve Bank of New York April 2018 Empire State Manufacturing Current Business Conditions Index is at 15.8, March 2018 was 22.5, February 2018 13.1, April 20174.1. NYFed PR link.

FannieMae(PBR17) revises forecast of US 2018 economic growth from +2.8% to a still strong +2.7%, predicts 2 federal funds interest rate hikes, expresses major concern that international trade wars could significantly alter results. $FNMA PR link.

***Friday, April 13:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 04/13/18:

It was just another typical week of volatility. Will the US and allies attack Syria or not over alleged chemical weapons use against civilians? As it turns out, late Friday there was a limited set of airstrikes by the US and its British and French allies on chemical weapons related facilities in Syria. The trade wars banter seemed to ease up a bit between the US and China and there might be an interest in joining the TPP. President Trump’s personal attorney’s officewas raided by the US Attorney General’s office. House Speaker Paul Ryan announces that he will not run for re-election and will retire as House Speaker in January. National Guard troops started deployments to the US/Mexico border. Former FBI director James Comeystirs up some controversy with excerpts and comments from his soon to be released book. Facebook Founder/Chairman/CEO Mark Zuckerberg faced hearings, made apologies, and promised policy changes over concerns of user privacy data capture and use that will affect many popular social media services. Corporate earnings reports were mixed, with financial services results disappointing on the last day of the week. US economic data continues to show moderate and stable growth. Signals from the Federal Reserve indicate more federal funds interest rate increases during the year. For the major US stock exchanges it was a mixed week with 3 days positive, 2 days negative, with the Stock Market Bull making a strong comeback after last week’s loss to notch its 9th win of 2018 in week 15. He also returns to be positive month-to-date as well, but still has ground to make up year-to-date for the DJIA and S&P500, and even more against all records.

DJIA ends the week at 24,360.14, +1.79% from last Friday, +1.07% MTD/QTD, -1.45% YTD, -8.48% from record 26,616.71 set 01/26/18.

NASDAQ ends the week at 7,106.65, +2.77% from last Friday, +0.61% MTD/QTD, +2.94% YTD, -6.35% from record 7,588.32 set 03/12/18.

SPX ends the week at 2,656.30, +1.99% from last Friday, +0.58% MTD/QTD, -0.65% YTD, -7.54% from record 2,872.87 set 01/26/18.

Sears(PBR93 $SHLD) closing its last store in the city of Chicago in 07/18. Chicago Sun-Times PR link.

Qualcomm(PBR106) extends $127.50/share tender offer for acquisition of NXP Semiconductors(NASDAQ: NXPI) to 04/20/18 5PM Eastern, 16.2% of the outstanding NXP common shares have been validly tendered. $QCOM PR link.

Facebook(PBR228) SEC filing shows that Founder/Chairman/CEO Mark Zuckerberg received $1 in compensation in 2017, $8.9 million for personal security related services. $FB PR link.

Caesars Entertainment(PBR314) will license the Harrah’s brand name to the Buena Vista Gaming Authority as part of a new $168 million 71,000 sf casino development near the city of Buena Vista in N California$CZR PR link.

Comcast(PBR42) and Netflix(PBR447) expand partnership following successful Xfinity X1integration. $NFLX PR link.

Adobe Systems(PBR557) appoints David “Dave” A. Ricks, Chairman/CEO of Eli Lilly(PBR142), to the Board. $ADBE PR link.

The US Dept of Labor says US Preliminary February 2018 Total Job Openings was at 6,051,000, -2.8% from January 2018, +7.7% from February 2017USDOL PR link.

The U of Michigan Preliminary April 2018 Consumer Sentiment Index is at 97.8, March 2018 was 101.4, February 2018 99.7, March 2017 96.3. UMich PR link.

Gartner(PBR885) forecasts 2018 total global IT spending to grow by 6.2% to $3.7 trillion, 2019by 2.8%. $IT PR link.

***Thursday, April 12:

Amazon(PBR29) completes acquisition of home security products developer Ring, offering Ring Video Doorbell for $99.99. $AMZN PR link.

Wells Fargo(PBR30 $WFC) gets ultimatum from the 1.7 million members American Federation of Teachers that it must stop doing business with the NRA and gun manufacturers, will discontinue mortgage benefit program, used by 20,000 members, if they don’t. AFT PR link.

Broadcom(PBR152) authorizes up to $12 billion share repurchase program, expires 11/03/19. $AVGO PR link.

Franklin Resources(PBR315) authorizes new up to 80 million shares repurchase program with no expiration date, is in addition to 15.9 million shares remaining from previous program, 04/11/18 market close was at $32.48/share. $BEN PR link.

Essendant(PBR458) to acquire Genuine Parts(PBR191) $2.0 billion/year business products distributor S.P. Richards unit for $680 million, to close by end of 2018. $ESND PR link.

Sonoco Products(PBR480) completes $150 million acquisition of privately owned producer of thermoformed plastic packaging for fresh produce and dairy products, Plant City, FL, based $90 million in sales/2017, 425 employees Highland Packaging Solutions$SON PR link.

Tesla(PBR651 $TSLA) withdraws formal cooperation with probe of fatal crash, will still assist investigators. MarketWatch PR link.

SemGroup(PBR866) completes sale of SemLogistics Milford Haven 8.5 million barrel fuel storage facility on the west coast of Wales, to Valero Energy(PBR13 $VLO) UK subsidiary, terms not disclosed. $SEMG PR link.

Lennar(PBR340) CEO Stuart Miller appointed Executive Chairman, President Rick Beckwitt appointed CEO, COO Jon Jaffe becomes President/COO, CFO Bruce Gross becomes CEO/Lennar Financial Services unit, Treasurer Diane Bessette becomes CFO/Treasurer in executive team restructuring. $LEN PR link.

Caterpillar(PBR54) Group President/Customer & Dealer Support Rob Charter to retire, Bob De Lange is named successor, Tom Pellette to succeed him as Group President/Construction Industries, Ramin Younessi to succeed him as Group President/Energy & Transportation, all effective 06/01/18. $CAT PR link.

Electronic Arts(PBR527) restructures leadership team, 8 people mentioned, includes Blake Jorgensen as COO/CFO, Chris Bruzzo as Chief Marketing Officer, Matt Bilbey joining as EVP/Strategic Growth. $EA PR link.

Polaris Industries(PBR531) hires Julie Gilbert to new position of Chief Customer Engagement and Growth Officer. $PII PR link.

Range Resources(PBR726) EVP/COO Ray Walker to retire effective 04/13/18, 42 years in the industry. $RRC PR link.

Cisco(PBR60) appoints Mark Garrett, former Adobe Systems(PBR557) EVP/CFO, to the Board. $CSCO PR link.

Sysco(PBR61) elects John M. Hinshaw, retired EVP/Technology and Operations and Chief Customer Officer of Hewlett Packard Enterprises(PBR95), to the Board. $SYY PR link.

Ciena Corp(PBR829) board member since 1994 Barry Cash passed away on 04/10/18. $CIEN PR link.

The US Dept of Labor says US Preliminary March 2018 Total Import Prices were +0.0%, February 2018 was +0.3%, January 2018+0.8%, March 2017 -0.2%, Last 12 Months+3.6%; March 2018 Total Export Prices were +0.3%, February 2018 +0.2%, January 2018+0.7%, March 2017 +0.1%, Last 12 Months+3.4%. USDOL PR link.

***Wednesday, April 11:

ExxonMobil(PBR2) says P’nyang field in Papua New Guinea has increased to 4.36 trillion cubic feet of gas, an 84% increase from a previous 2012 assessment, evaluating support of a 3-train LNG plant expansion concept. $XOM PR link.

CVS Health(PBR11) implementing new initiatives to reduce prescription drug prices, store locations to use CVS Pharmacy Rx Savings Finder$CVS PR link.

Johnson & Johnson(PBR37)’s Vision unit announces two-week reusable, spherical ACUVUE OASYS® with Transitions® Light Intelligent Technology™, contact lenses adjust to lighting situation, to be available 1H19. $JNJ PR link.

Starbucks(PBR178) opens first store in Uruguay in capital city of Montevideo, plans to have 10 by 2020 with 130 employees. $SBUX PR link.

Carnival Corp(PBR184) increases quarterly dividend from $0.45/share to $0.50/share, re-authorizes of up to $1 billion in share repurchases. $CCL PR link.

Mylan(PBR346) partnering with Fujifilm Kyowa Kirin Biologics Co., Ltd. to commercialize a biosimilar to Humira® (adalimumab) developed by Fujifilm, Mylan will leverage its regulatory platform to seek approval and commercialize the product for $4.1 billion/year Humira market in Europe$MYL PR link.

Tractor Supply(PBR436)‘s small-box pet specialty supply retailer Petsense unit to open a store in Gulf Breeze and Crestview to enter Florida market, currently has 172 stores in 27 states. $TSCO PR link.

Arthur J Gallagher(PBR515) to become official title sponsor of UK based Premiership Rugby, games televised in over 200 countries, over 2 million attendees at games last season. $AJG PR link.

Alexion Pharmaceutical(PBR840) to acquire Stockholm, Sweden, based biopharmaceutical company that develops novel therapies for patients with rare copper-mediated disorders Wilson Therapeutics(Nasdaq Stockholm: WTX) through tender offer valued at $855 million. $ALXN PR link.

KKR(PBR332) hires David Haines as Executive Chairman of the Global Spreads business, effective upon its $8.1 billion acquisition from Unilever. $KKR PR link.

Fiserv(PBR474) hires Kim Crawford Goodman as President/Card Services. $FISV PR link.

The US Dept of Labor says US Preliminary March 2018 Average Employee Current Weekly Earnings is at $925.29, +0.3% from February 2018, +3.3% from March 2017USDOL PR link.

The US Dept of Labor says US Preliminary March 2018 Monthly Consumer Price Index(aka inflation) was -0.1%, February 2018was +0.2%, January 2018 +0.5%, March 2017-0.3%, Last 12 Months was +2.4%. USDOL PR link.

The US Dept of Treasury says US March 2018 Total Federal Government Receipts Fiscal YTD(6 Months) were at $1.497 trillion, Outlays FYTD was $2.097 trillion, Deficit FYTD $599.7 billion, March 2017 FYTD Deficit was $526.9 billion. USTreasury PR link.

The Federal Reserve Open Market Committeereleases the minutes from its 03/20-21/18 meeting, noted volatility in equity markets, labor markets continue to strengthen, real GDPgrew at moderate rate in 1Q18, actual path of the federal funds rate will depend on the economic outlook as informed by incoming data. FOMC PR link.

***Tuesday, April 10:

Walmart(PBR1) and delivery service Postmatesto expand Online Grocery Delivery option service to over 40% of the US, $9.95 delivery fee and $30 order minimum. $WMT PR link.

Kroger(PBR20) family of stores is hiring 11,000, includes 2,000 management positions. $KR PR link.

Humana(PBR58) acquires Orlando, FL, based 22 clinics serving 43,000 patients Family Physicians Group, terms not disclosed. $HUM PR link.

Icahn Enterprises(PBR147) to sell wholly owned subsidiary Federal-Mogul to Tenneco(PBR321) for $5.4 billion cash/stock, Tenneco to spin-off Federal-Mogul up into 2 separate independent public companies. $IEP PR link.

Booking(PBR319) announces milestone of five million reported listings in homes, apartments and other unique places to stay. $BKNG PR link.

Mylan(PBR346) to acquire global marketing rights to a once-monthly glatiramer acetateproduct, a therapy for multiple sclerosis, through investment/partnership with Israelicompany Mapi Pharma, terms not disclosed. $MYL PR link.

Spirit AeroSystems(PBR370) divests itself from Haeco Spirit AeroSystems (JinJiang) Co. Ltd, a maintenance, repair and overhaul (MRO) joint venture in China, terms not disclosed. $SPR PR link.

Tesla(PBR651) gets purchase agreement to install a high-storage 212kW/840kWhr Tesla battery at BP Wind Energy’s Titan 1 Wind Farm in S Dakota, has 10 turbines on 7,500 acres, 25MW capacity, powers 6,700 homes. $TSLA PR link.

Sempra Energy(PBR254) to promote Joseph A. Householder to President/COO and Trevor I. Mihalik to EVP/CFO on 05/01/18, reiterates CEO succession plan. $SRE PR link.

Flowserve(PBR492) hires Elizabeth Burger as SVP/Chief Human Resources Officer, effective 04/16/18. $FLS PR link.

TEGNA(PBR622) hires Kurt Rao as Chief Technology Officer, effective 04/16/18. $TGNA PR link.

PerkinElmer(PBR838) hires James M. Mock as SVP/CFO, effective 05/01/18, to succeed retiring Andy Wilson. $PKI PR link.

Stepan(PBR904) hires Luis Rojo as VP/CFO, effective 04/30/18. $SCL PR link.

The US Dept of Labor says US Preliminary March 2018 Producer Price Index is at +0.3%, February 2018 was +0.2%, January 2018+0.4%, March 2017 +0.1%, Last 12 Months+3.0%. USDOL PR link.

The US Dept of Commerce says US Preliminary February 2018 Total Wholesale Sales were at $495.9 billion, January 2018 was $490.9 billion, December 2017 $498.1, February 2017 $464.3 billion, % Change From February 2017 is +5.5%. USDOC PR link.

The US Congressional Budget Office forecasts 2018 Budget Deficit to be 4.2% of Gross Domestic Product, to grow to 5.1% of GDP in 2022CBO PR link.

The Institute of International Finance says governments, businesses and individuals added $21 trillion of debt in 2017, bringing the total outstanding debt around the world to $237 trillion, the highest level on record. Yahoo Finance PR link.

CoreLogic says US January 2018 Home Mortgages 30 Days or More Delinquent was at 4.9%, December 2017 was 5.3%, November 2017 5.1%, January 2017 5.3%, Total US Homes In Foreclosure is at 0.6%. CoreLogic PR link.

Stocks Investing: Some interesting observations and comments from the investment team at Legg Mason(PBR709)$LM PR link.

***Monday, April 9:

***A PBRMarketTools Snapshot Summary.***

Snapshot 15 Summary: The PBR1000 March Top 5 By Market Capitalization(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 03/29/18 Market Capitalization):

1. Apple, PBR2, AAPL, $845 billion
2. Alphabet, PBR20, GOOG, $699 billion
3. Amazon, PBR7, AMZN, $693 billion
4. Microsoft, PBR29, MSFT, $688 billion
5. Berkshire Hathaway, PBR4, $485 billion

Range: $845 billion to $0.01 billion
Total The PBR1000 Market Capitalization:$25.2 trillion, -2.4% from 12/29/17, +15.4% from 12/30/16
Average: $25.2 billion
Median: $7.7 billion

The PBR1000 is used by astute business leaders and shrewd investors worldwide. Click here to find out more!

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Apple(PBR5) now globally powered by 100% renewable energy, currently has commitments from 23 suppliers to do so also. $AAPL PR link.

Nike(PBR98) acquires computer vision Tel Aviv, Israel, based Invertex to expand digital platform capabilities, terms not disclosed. $NKE PR link.

Leucadia Natl(PBR246) to sell 48% of National Beef to long-term strategic partner Marfrig for around $900 million cash, reducing Leucadia’s ownership in National Beef to 31%; also agrees to sell all its equity interests in Garcadia and its associated real estate to current partners, the Garff family, to net $425 million; to vote for company name change to Jefferies Financial Group Inc at 2018 annual meeting, ticker proposed to be NYSE: JEF; board approves up to 25 million share repurchase program from 12.5 million shares remaining from previous program. $LUK PR link.

Calumet Specialty(PBR431) acquires Irvine, CA, based private Biosynthetic Technologies, holds exclusive rights to patented technology that converts fatty acids found in plant and animal oils into high-performance synthetic oils that can be used in industrial lubricant, personal care and other chemical sectors, terms not disclosed. $CLMT PR link.

S&P Global(PBR477) completes $550 million cash/stock acquisition of Cambridge, MA, based provider of next-generation machine learning and analytics to the world’s premier financial institutions as well as the National Security community Kensho Technologies$SPGI PR link.

Arthur J Gallagher(PBR515) acquires Houston, TX, based retail property/casualty broker serving Texas-based transportation clients, primarily long-haul truckers, Integrity Transportation Insurance Agency, terms not disclosed. $AJG PR link.

Arthur J Gallagher(PBR515) in multi-year partnership to become Chicago Cubs’ official insurance brokerage, benefits and risk management services partner, west gate to be named “Gallagher Way”, also naming rights for left field bullpen door, and will do a videoboard feature sponsoring late inning insurance runs. $AJG PR link.

Bon-Ton Stores(PBR707) gets letter of intent to be purchased as a going concern in a Bankruptcy Court-supervised sale process by an investor group made up of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group, in the process of finalizing an asset purchase agreement in advance of 04/16/18 auction. $BONTQ PR link.

Dynegy(PBR777) $13.24/share in all stock deal with enterprise value of $20 billion merger into Vistra Energy Corp(NYSE: VST) is completed. $DYN PR link.

VeriFone(PBR858) to be acquired by private equity firm Francisco Partners for $23.04/share(a 54% premium from 04/09/18 closing price of $15.00), $3.4 billion cash, includes net debt, to close 3Q18. $PAY PR link.

Woodward(PBR888) to acquire Rolls Royce Power Systems unit fuel injection systems technology company 1,000 employees L’Orange GmbH for $859 million, has facilities in Germany, US, and China, did sales of $300 million in 2017. $WWD PR link.

E*Trade(PBR930) completes acquisition of $18.3 billion in institutional assets under custody, $1.6 billion in customer cash, 200 active registered investment advisors independent advisor custodian TCA, terms not disclosed. $ETFC PR link.

Caterpillar(PBR54) Group President/Customer & Dealer Support (C&DS) Rob Charter to retire 06/01/18 after 30+ years with the company, successor search starts. $CAT PR link.

Wynn Resorts(PBR427) promotes Corrine Clement to VP/Culture and Community, a new department. $WYNN PR link.

Cooper Tire & Rubber(PBR625) SVP/CFO Ginger Jones to retire as full-time executive later this year, to stay on until successor named. $CTB PR link.

Aerojet Rocketdyne(PBR969) hires Natalie Schilling as Chief Human Resources Officer. $AJRD PR link.

ServiceMaster(PBR704) appoints William(Bill) C. Cobb, former President/CEO of H&R Block(PBR669), to the Board. $SERV PR link.

FannieMae(PBR17) says US March 2018 Home Purchase Sentiment Index is at 88.3, February 2018 was 85.8, January 2018 89.5, March 2017 84.5. $FNMA PR link.

***Friday, April 6:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 04/06/18:

The first week of the month and quarter was a little bit like an April Fool’s Day joke, with the Stock Market Bear having Monday to himself on worries of international trade, but those fears subsided and the Stock Market Bull recovered the losses over the next three days. But after Thursday’s announcement that President Trump wanted to add tariffs on $100 billion of imports from China, and with a timid jobs report on Friday, the Stock Market Bear returned with a vengeance to easily claim the week as his.

DJIA ends the week at 23,932.76, -0.71% from last Friday/MTD/QTD, -3.18% YTD, -10.08% from record 26,616.71 set 01/26/18.

NASDAQ ends the week at 6,915.11, -2.10% from last Friday/MTD/QTD, +0.17% YTD, -8.87% from record 7,588.32 set 03/12/18.

SPX ends the week at 2,604.47, -1.38% from last Friday/MTD/QTD, -2.59% YTD, -9.34% from record 2,872.87 set 01/26/18.

Boeing(PBR27) gets deal from American Airlines(PBR69 $AAL) for 47 firm orders plus 28 options for Dreamliner 787s, order valued at $12+ billion, more than doubles AAL’s Dreamliner fleet. $BA PR link.

Merck(PBR70) and Incyte(Nasdaq:INCY) Phase 3 ECHO-301/KEYNOTE-252 studyresults evaluating Incyte’s epacadostat in combination with Merck’s KEYTRUDA® in patients with unresectable or metastatic melanoma determined that the study did not meet the primary endpoint, study to be discontinued. $MRK PR link.

Qualcomm(PBR106) extends $127.50/share tender offer for acquisition of NXP Semiconductors(NASDAQ: NXPI) to 04/13/18 5PM Eastern, 16.1% of the outstanding NXP common shares have been validly tendered. $QCOM PR link.

BB&T(PBR277) Insurance Holdings unit to acquire Regions Financial(PBR450)‘s property and casualty and employee benefits products to businesses Insurance Group unit, has 60,000 clients in Southeast, Texas, and Indiana, terms not disclosed. $BBT PR link.

PriceSmart(PBR683) hires Maarten Jager as EVP/CFO, effective 04/24/18, succeeds retiring John Hefner. $PSMT PR link.

Roper Technologies(PBR614) elects Shellye L. Archambeau, most recently CEO of MetricStream, to the Board. $ROP PR link.

The US Dept of Labor says US March 2018 Total Civilian Labor Force Employed was at 155,178,000, -37,000 from February 2018, +2,114,000 from March 2017March 2018 Total Unemployed was at 6,585,000, -121,000 from February 2018, -586,000 from March 2017March 2018 Unemployment Rate remains at 4.1%. USDOL PR link.

The US Federal Reserve Board says US Preliminary February 2018 Total Consumer Revolving Debt was at $1.031 trillion, Non-Revolving Debt $2.837 trillion, Total Consumer Debt $3.868 trillion, +0.3% from January 2018, +0.7% YTD, +5.1% from February 2017USFed PR link.

***Thursday, April 5:

***A PBRMarketTools Snapshot Summary.***
Snapshot 13 Summary: The PBR1000 March Top 5 Stock Performers Since 12/30/16(15 Months)(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 03/29/18 Stock Price, % Increase from 12/30/16):

1. Weight Watchers, PBR985, WTW, $63.72, +457%
2. BlueLinx, PBR856, BXC, $32.59, +326%
3. Systemax, PBR903, SYX, $28.55, +226%
4. RH(Restoration Hardware), PBR820, RH, $95.28, +210%
5. Scientific Games, PBR699, SGMS, $41.60, +197%

Range: +457% to -99%
Number of Companies at 0% or Better:623/1,000
Average: +17.0%
Median: +10.3%

The PBR1000 is used by astute business leaders and shrewd investors worldwide. Not a full Subscriber yet? Click here!

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CVS Health(PBR11) to expand ongoing efforts to educate patients about, and increase access to, the opioid overdose-reversal drug naloxone consistent with the Surgeon General’s Advisory on Naloxone and Opioid Overdoseissued today. $CVS PR link.

AT&T(PBR12) launches Vrio Corp IPO, holding company for AT&T’s Latin American digital entertainment services units, DIRECTV Latin America and SKY Brasil, NYSE: VRIO, Class A stock, $19-22. $T PR link.

Verizon(PBR15 $VZ) selling former AOL unit Moviefone to MoviePass owner Helios and Matheson Analytics(NASDAQ: HMNY) in cash and stock deal. $HMNY PR link.

JPMorgan Chase(PBR21) Chairman/CEO Jamie Dimon releases his 2017 annual report, was a good year for JPM during profound political and economic change around the world. $JPM PR link.

Alphabet(PBR44 $GOOG)’s Google unit gets open letter from 3,000 employees asking it to drop Pentagon ‘war’ drone program, Google responds. MarketWatch PR link.

Monsanto(PBR187) provides update on $128/share, $66 billion cash acquisition by Germany’s Bayer AG, says optimistic, Bayer leading the way on regulatory issues, may require some divestitures, to close in 2Q18. $MON PR link.

BlackRock(PBR252) provides its clients with an update on civilian firearms exposures in investment portfolios, has funds that does not include firearms. $BLK PR link.

Biogen(PBR282) and Samsung Bioepis get agreement in patent case with AbbVie (PBR136)for the commercialization of IMRALDI, a biosimilar referencing HUMIRA® (adalimumab)AbbVie will grant patent licenses for the use and sale of IMRALDI in Europe, on a country-by-country basis, and Biogen and Samsung Bioepis will make royalty payments to AbbVie. $BIIB PR link.

Sanmina(PBR401) facilities in Chennai, Indiabecome first Tier 1 Electronic Manufacturing Services company in India with both FDA Registration and Medical Design Registration$SANM PR link.

NetApp(PBR405) authorizes additional $4 billion for share repurchase program, no expiration date. $NTAP PR link.

Intercontinental Exchange(PBR556) agrees to acquire the Chicago Stock Exchange, to close 2Q18, terms not disclosed. $ICE PR link.

Twitter(PBR735) releases 12th biannual Twitter Transparency Report, says suspended 1.2+ million accounts since 08/15 for terrorist content, provides updates on new transparency rules. $TWTR PR link.

GNC(PBR743) does master franchise agreement with Rapid Nutrition to market, sell and distribute GNC products through retail outlet expansion, e-commerce, and other potential distribution channels throughout Australia$GNC PR link.

Synopsys(PBR879) replenishes share repurchase program back to $500 million. $SNPS PR link.

eBay(PBR163) hires Sukhinder Singh Cassidy to be president of its StubHub division, effective 05/02/18, succeeds Scott Cutler who recently became SVP and head of eBay’s Americas business unit. $EBAY PR link.

Campbell Soup(PBR326) announces strategic reorganization, appoints Luca Mignini as COO to oversee core businesses, doing search for someone to head up new Accelerator unit, Emily Waldorf appointed as SVP/Corporate Strategy. $CPB PR link.

Gannett(PBR414) President/USA TODAY NETWORK Maribel Perez Wadsworth now also Publisher, USA TODAY. $GCI PR link.

Adobe Systems(PBR557) promotes John Murphy to EVP/CFO, succeeds retiring Mark Garrett. $ADBE PR link.

Helmerich & Payne(PBR600) hires Mark W. Smith as CFO Designate effective 05/01/18, to succeed Juan Pablo Tardio as CFO upon his retirement on 06/30/18. $HP PR link.

Urban Outfitters(PBR638) says David McCreight, CEO of Anthropologie Group and President/Urban Outfitters, is departing 04/27/18, Hillary Super will be successor to lead the brand. $URBN PR link.

GoPro(PBR902) announces Eve Saltman has returned as VP, Corporate/Business Development and General Counsel. $GPRO PR link.

The US Dept of Commerce says US Preliminary February 2018 Total Trade Exports were $204.5 billion, Trade Imports$262.0 billion, Trade Deficit $57.5 billion, February 2017 Trade Deficit was $44.4 billion; Total Trade Exports YTD(2 months) were $405.4 billion, Trade Imports YTD $519.7 billion, Deficit YTD is $114.3 billion, Deficit YTD 2017 $93.1 billion. USDOC PR link.

World Trade Organization: China files WTO complaint over the US’ tariff measures on Chinese goods. WTO PR link.

New China Tariffs Request: President Donald Trump requests tariffs on an additional $100 billion of Chinese goods. MarketWatch PR link.

***Wednesday, April 4:

***PBRMarketTools Special Report.***
Snapshot 12 Summary: The PBR1000 March Top 5 YTD(3 Months) Stock Performers(Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 03/29/18 Stock Price, % Increase from 12/29/17):

1. BlueLinx, PBR856, BXC, $32.59, +234%
2. Alliance One, PBR894, AOI, $26.05, +97%
3. Eastman Kodak, PBR926, KODK, $5.35, +73%
4. Fossil, PBR671, FOSL, $12.70, +63%
5. Tenet Healthcare, PBR129, THC, $24.25, +60%

Range: +234% to -93%
Number of Companies at 0% or Better:379/1,000
Average: -1.4%
Median: -3.2%

The PBR1000 is used by astute business leaders and shrewd investors worldwide. Not a full Subscriber yet? Click here!

******

CVS Health(PBR11) to phase in new program to focus on early identification of kidney disease and expansion of home dialysis equipment capabilities. $CVS PR link.

Amazon(PBR29) to open its 4th fulfillment center in Nevada in N Las Vegas, 800,000+ sf facility, to employ 1,000+ full-time. $AMZN PR link.

Eli Lilly(PBR142) paying $63 million upfront to Sigilon Therapeutics for development of encapsulated cell Diabetes 1 therapies, pay up to $410 million for reaching development and commercialization milestones, plus royalties on the commercial product, plus LLY making an undisclosed equity investment. $LLY PR link.

Facebook(PBR228) revises API, login, and other policies to protect user data, says Cambridge Analytica may have improperly collected data on up to 87 million people. $FB PR link.

JM Smucker(PBR437) to acquire privately held 700 employees Meadville, PA, based Ainsworth Pet Nutrition, LLC, maker of Rachael Ray™ Nutrish® pet food, for $1.7 billion, to close after 05/01/18; also reviewing strategic options, including a potential divestiture, for its US baking business that primarily encompasses products sold in US retail channels under the Pillsbury®, Martha White®, Hungry Jack®, White Lily®, and Jim Dandy®brands, represents $370 million annual revenues. $SJM PR link.

Michaels Cos(PBR503 $MIK) to add 300+ exclusive events/parties items from the new Martha Stewart Celebrations line through Sequential Brands Group(NASDAQ: SQBG), includes Cricut machine for custom projects. $SQBG PR link.

AMC Entertainment(PBR728) to open first movie theater after 35 year ban in Saudi Arabiain Riyadh on 04/18/18 under new license agreement, under Vision 2030 Saudi Arabiaeffort expects to have 350 cinemas and 2,500 screens by 2030. $AMC PR link.

SM Energy(PBR978) to sell remaining assets in the Williston Basin in Divide County, N Dakota, and the third-party operated assets Halff East in Upton County, TX, for a combined $292.3 million. $SM PR link.

3M(PBR92) promotes Kristen Ludgate to SVP/Human Resources, effective 07/01/18, succeeds retiring Marlene McGrath. $MMM PR link.

Macy’s(PBR97) CFO Karen Hoguet to retire in 02/19, has been CFO since 1997, successor search starts. $M PR link.

Nike(PBR98 $NKE) needs to promote more women and minorities, company’s HR chief says.MarketWatch PR link.

Bed Bath & Beyond(PBR240) appoints JB (Johnathan) Osborne, co-founder and CEO of Red Antler, to the Board, will stand for election at 2018 annual meeting. $BBBY PR link.

JetBlue(PBR429) board member since 2002 David Checketts to leave effective 05/17/18. $JBLU PR link.

The US Dept of Commerce/Census says US Preliminary February 2018 Manufacturing New Orders was $498.0 billion, +1.2% from January 2018, +7.1% from February 2017USDOC PR link.

ADP(PBR235) says US Preliminary March 2018 Change In Private Sector Employmentwas +241,000, February 2018 was 246,000, January 2018 241,000, March 2017 122,000. $ADP PR link.

IHS Markit says US March 2018 Composite PMI Index is at 54.2, February 2018 was 55.8, January 2018 53.8, March 2017 53.0. IHS Markit PR link.

The Institute for Supply Management says the US March 2018 Non-Manufacturing ISM Index(>50% economy growing) is at 58.8%, February 2018 was 59.5%, January 201859.9%, March 2017 55.2%. ISM PR link.

FreddieMac(PBR41) releases “Profile of Today’s Renter,” says 67% of renters view renting as more affordable than owning a home. $FMCC PR link.

***Tuesday, April 3:

Target(PBR40 $TGT) adding three small-format stores in NYC, on the path to having 130 small format stores by end of 2019. MarketWatch PR link.

21st Century Fox(PBR91) issues statement regarding its proposed $14.8 billion cash acquisition of European entertainment 30,000 employee Sky plc, submits new revised set of remedies to maintain independence of Sky News, includes establishing Sky News as an independent entity with guaranteed funding for 15 years, or purchase by Walt Disney(PBR57), which has also expressed an interest in acquiring Sky. $FOX PR link.

VF Corp(PBR232) completes acquisition of private Auckland, New Zealand, based $150 million revenues/year 340+ employees natural materials high-performance outdoor clothing company Icebreaker Holdings, terms not disclosed. $VFC PR link.

Crown Holdings(PBR298) completes $3.91 billion acquisition of $2.3 billion/year global provider of transit packaging systems Signode Industrial Group Holdings from The Carlyle Group(PBR581)$CCK PR link.

Pentair(PBR363) board approves spin-off of nVent Electric plc as a public company, shares to start trading on 05/01/18 with ticker symbol NYSE: NVT, Pentair to continue as a global water company. $PNR PR link.

Ryder(PBR378) acquires 109 e-commerce fulfillment facilities across the US and Canada provider MXD Group for $120 million, Ryder now second largest last mile delivery provider of big and bulky goods. $R PR link.

W.R. Grace(PBR645) completes $416 million acquisition of Albemarle(PBR792)‘s polyolefin catalysts and components business. $GRA PR link.

Tesla(PBR651) releases 1Q18 production figures, 34,494 total vehicles, a 40% increase over 4Q17, 9,766 were Model 3‘s, now producing around 2,000 Model 3’s per week, expects to be at 5,000/week in about 3 months, and as result will not require an equity or debt raise this year. $TSLA PR link.

Equinix(PBR793) completes $800 million debt and cash acquisition of 1.6 million gross-square-foot InfoMart Dallas from ASB Real Estate Investments$EQIX PR link.

Curtiss-Wright(PBR837) completes $212.5 million acquisition of Dresser-Rand Government Business, from a Siemens AGwholly-owned subsidiary. $CW PR link.

Charles River Labs(PBR900) completes $800 million cash acquisition of global biopharmaceutical and medical devices testing services provider MPI Research$CRL PR link.

PSEG(PBR257) VP/Investor Relations Kathleen Lally to retire 06/30/18, Manager/Investor Relations Carlotta Chan to be successor. $PEG PR link.

Stryker Corp(PBR283) Group President/Global Quality and Business Operations Lonny Carpenter to retire on 03/31/18, Viju Menon hired as successor, effective 04/30/18. $SYK PR link.

DSW(PBR778) hires Drew Domecq as SVP/Chief Information Officer. $DSW PR link.

FreddieMac(PBR41) elects Christopher E. Herbert, Managing Director for Harvard University’s Joint Center for Housing Studies, to the Board. $FMCC PR link.

The US Trade Representative releases proposed list of 1,300 separate tariff lines on approximately $50 billion worth of Chinese imports in response to China’s unfair trade practices related to the forced transfer of US technology and intellectual property, will undergo further review in a public notice and comment process, including a hearing, before final determinations are made. USTR PR link.

Automotive News says US March 2018 New Light Vehicle Sales were at 1,655,864, +26.9% from February 2018, +6.4% from March 2017March 2018 Average Price was $35,285, -0.5% from February 2018, +2.0% from March 2017Annual Sales Rate is at 17,490,000 vehicles. Automotive News PR link.

The US March 2018 PurdueU/CME Group Ag Economy Barometer Composite Index is at 135, February 2018 was 140, January 2018135, March 2017 124. PurdueU/CME Group PR link.

***Monday, April 2:

Snapshot 11 Summary: The PBR1000 March Top 5 Stock Performers (Rank, Company, PBR1000 Ranking by Revenues, Stock Symbol, 03/29/18 Stock Price, % Increase from 02/28/18):

1. BlueLinx, PBR856, BXC, $32.59, +116%
2. Veritiv, PBR318, VRTV, $39.20, +62%
3. Sears Hometown, SHOS, PBR830, $3.00, +43%
4. Crocs, PBR998, CROX, $16.25, +33%
5. Guess?, PBR807, GES, $15.79, +31%

Range: +116% to -33%
Number of Companies at 0% or Better:438/1,000
Average: -0.6%
Median: -0.8%

The PBR1000 is used by astute business leaders and shrewd investors worldwide. Not a full Subscriber yet? Click here!

GE(PBR9) to sell its Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets comprising GE Healthcare’s Value-Based Care Division to private equity firm Veritas Capitalaffiliate for $1.05 billion in cash, to close in 3Q18. $GE PR link.

Energy Transfer Equity(PBR52) Partners unit completes $1.8 billion sale of compression business to USA Compression Partners(NYSE: USAC), ETE receives ownership interests in USAC general partner and 12.5 million shares of USAC. $ETE PR link.

Qualcomm(PBR106) extends $127.50/share tender offer for acquisition of NXP Semiconductors(NASDAQ: NXPI) to 04/06/18 5PM Eastern, 14.8% of the outstanding NXP common shares have been validly tendered. $QCOM PR link.

AFLAC(PBR121) completes AFLAC Japanbranch to subsidiary. $AFL PR link.

FirstEnergy(PBR195) files Chapter 11 bankruptcy for its First Energy Solutions and FirstEnergy Nuclear Operating Companyunits, will be deconsolidated from FirstEnergy’s financial reporting, in discussions with noteholders, does not effect First Energy and its other subsidiaries. $FE PR link.

NGL Energy(PBR207) completes $200 million cash sale of portion of its Retail Propanebusiness across 10 states to a DCC plc division$NGL PR link.

Sinclair Broadcast(PBR894) responds to criticism from media, says recent promotional announcements for its local news serve no political agenda, represents an effort to differentiate their award-winning news programming from other less reliable sources of information. $SBGI PR link.

Sonoco Products(PBR480) EVP/COO Rob Tiede now President/CEO as planned, succeeds retiring President/CEO Jack Sanders. $SON PR link.

Advance Auto Parts(PBR279) EVP/CFO Tom Okray departing, effective 04/15/18, SVP/Controller and Chief Accounting Officer Jeff Shepherd to also be interim CFO until successor named. $AAP PR link.

Celgene(PBR347) President/COO Scott A. Smith has departed, primary responsibilities being handled by Chairman/CEO Mark Alles, will modify executive team structure. $CELG PR link.

JetBlue(PBR429) hires Andres Barry as president of the airline’s new subsidiary, JetBlue Travel Products. $JBLU PR link.

UNISYS(PBR633) hires Katie Ebrahimi as SVP/Chief Human Relations Officer, effective 04/26/18, to succeed Dave Loeser. $UIS PR link.

Newell Brands(PBR434) to nominate David L. Atchison, an e-commerce marketing analytics executive with leading brands including Zulily and RedEnvelope, to the Board at the 2018 Annual Meeting, is the final independent nominee per cooperation agreement with Carl C. Icahn. $NWL PR link.

The US Dept of Commerce/Census says US Preliminary February 2018 Total Construction Spending Annual Rate was at $1.273 trillion, +0.1% from January 2018, +3.0% from February 2017USDOC PR link.

The Institute for Supply Management says the US March 2018 Manufacturing PMI Index(>50 expanding) is at 59.3%, February 2018 was 60.8%, January 2018 59.1%, March 201756.6%, 107th consecutive month of economic growth. ISM PR link.

IHS Markit says the US March 2018 Manufacturing PMI is at 55.6, highest since March 2015, February 2018 was 55.3, January 2018 55.5, March 2017 53.3. IHS Markit PR link.

***Friday, March 30:

***US Stock Markets Closed
***In Observance of Good Friday.

***Thursday, March 29:

The PBRMarketTools US Stock Exchanges Recap for the Week/Month/Quarter Ending 03/29/18

The business week comes to an end with the Stock Market Bull making a strong appearance after a few weeks of being a no-show. However, the Stock Market Bear dominated the monthso dramatically that it carried the quarter, and YTD with him. It really only took two or three weeks to do that, which is a little unsettling. What’s next? The predictions of expert prognosticators are all over the place and there is no clear direction. Let’s see what happens in April.

DJIA ends the week at 24,103.11, +2.42% from last Friday, -3.70% MTD, -2.49% QTD/YTD, -9.44% from record 26,616.71 set 01/26/18.

NASDAQ ends the week at 7,063.44, +1.01% from last Friday, -2.88% MTD, +2.32% QTD/YTD, -6.92% from record 7,588.32 set 03/12/18.

SPX ends the week at 2,640.87, +2.03% from last Friday, -2.69% MTD, -1.22% QTD/YTD, -8.08% from record 2,872.87 set 01/26/18.

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-444-2519.

Don’t forget to follow us on Twitter at @ThePBR1000.

(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

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Copyright © 2018 by Pax Business Resources, LLC, 6200 N Oracle Rd #276, Tucson, AZ  85704, 520-444-2519

The PBR1000 February 2018 Breaking News Recap

February 2018: A Busy Month for The PBR1000, the Economy, and the Stock Market

What are the winning strategies during a time of volatility? Check back in a few years to find out how well we did today.

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for February 2018, starting with the last active business day.

***Wednesday, February 28:

The PBRMarketTools US Stock Exchanges Recap for the Month of February Ending 02/28/18

The Stock Market Bear trounced the Stock Market Bull in a very volatile February, a consequence of robo-trading, profit taking, increasing federal interest rates concerns, a school massacre in Florida, and ongoing acrimony in national politics. However, for the optimists, Year-To-Date the Stock Market Bull still has the edge:

DJIA ends February at 25,029.20, -1.11% from last Friday, -4.28% MTD, +1.25% QTD/YTD, -5.96% from record 26,616.71 set 01/26/18.
NASDAQ ends February at 7,273.01, -0.88% from last Friday, -1.87% MTD, +5.35% QTD/YTD, -3.10% from record 7,505.77 set 01/26/18.
SPX ends the week at 2,713.83, -1.22% from last Friday, -3.89% MTD, +1.50% QTD/YTD, -5.54% from record 2,872.87 set 01/26/18.

Walmart(PBR1) raising age restriction for purchase of firearms and ammunition to 21 years of age, reviews policy to no longer sell modern sporting rifles like the AR-15 and related items in 2015, sells handguns only in Alaska, removing items from website resembling assault-style rifles, including nonlethal airsoft guns and toys. $WMT PR link.

Walmart(PBR1) introduces new design-centric digital home brand Allswell, with its Debut Collection of luxe mattresses and stylish bedding, renames king bed to “Supreme Queen.” $WMT PR link.

ExxonMobil(PBR2) makes 7th oil discovery offshore Guyana in Stabroek Block, Pacora-1 exploration well, will bring Guyana production to 500,000+ barrels of oil per day, has 45% interest, Hess(PBR248) has 30% interest, Nexen Petroleum 25% interest. $XOM PR link.

Comcast(PBR42 $CMCSA) NBC unit is reducing the number of commercials to better compete with Netflix(PBR447), streaming. MarketWatch PR link.

Lowe’s(PBR50) expands partnership with Sherwin-Williams(PBR251) who will become only nationwide supplier to Lowe’s US retail outlets for interior and exterior paints. $LOW PR link.

TJX Cos(PBR96) authorizes new share repurhase program up to $3 billion through 02/02/19, will provide one-time bonus to eligible, non-bonus-plan Associates, globally, instituting paid parental leave and enhancing vacation benefits for eligible US associates. $TJX PR link.

Qualcomm(PBR106) Life subsidiary gets exclusive strategic licensing agreement with Ann Arbor, MI, based AlertWatch, used by clinicians for secondary monitoring of patients in operating rooms, helps reduce length of hospital stay and costs. $QCOM PR link.

PPG(PBR190) gets notice from Lowe’s(PBR50)that it will discontinue the sale of OLYMPIC®brand paints and stains in its US retail stores, effective mid-2018, represented annual sales of under $300 million; PPG describes how this is an opportunity for expansion. $PPG PR link.

Lincoln Financial(PBR213) to make a one-time grant of 20 shares of company stock to full- and part-time employees who do not currently participate in the equity plan, reward for record 2017, makes all employees company owners. $LNC PR link.

YUM!(PBR217 $YUM) Pizza Hut unit replaces Papa John’s Pizza as NFL official pizza sponsor in multi-year agreement. NFL PR link.

VISA(PBR224) commits to use 100 percent renewable electricity across its global operations by the end of 2019, joins the RE100 initiative. $V PR link.

Group 1 Automotive(PBR276) acquires five Mercedes-Benz franchises and three Smartfranchises in the London, England, area, from UK based automotive retailer Robinsons Motor Group, will add $260 million of revenues/year; promotes Darren Guiver to Managing Director/UK operations. $GPI PR link.

Stryker Corp(PBR283) completes $24.00/share, $662 million acquisition of Plymouth, MN, based global ENT medical technology products provider Entellus Medical(NASDAQ: ENTL)$SYK PR link.

Mylan(PBR346) and Revance Therapeutics, Inc. (Nasdaq: RVNC) announce global collaboration and license agreement for development and commercialization of a proposed biosimilar to BOTOX® (onabotulinumtoxinA), $4 billion marketplace and growing. $MYL PR link.

Dick’s Sporting Goods(PBR367) to no longer sell assault-style rifles, must be at least 21 to purchase firearms & ammunition, implores elected officials to enact firearms reform regulations. $DKS PR link.

Herbalife(PBR487) proposes purchase of $450 million and up to $650 million of common stock, 2:1 stock split, name change to Herbalife Nutrition Ltd, to be voted on at 04/24/18 annual meeting. $HLF PR link.

TD Ameritrade(PBR662) completes Scottradeaccount conversion, now has 4+ million brokerage accounts, 364 branches nationwide. $AMTD PR link.

Hertz(PBR259) hires Paul Stone as EVP/Chief Retail Operations Officer, effective 03/06/18. $HTZ PR link.

Rent A Center(PBR657) COO Joel M. Mussat terminated without cause, effective 02/22/18, entitled to benefits agreed to in employment agreement, COO position is eliminated, direct reports now report to CEO. $RCII PR link.

Owens & Minor(PBR292) elects Mark F. McGettrick, EVP/CFO of Dominion Energy(PBR229), to the Board. $OMI PR link.

Bloomin’ Brands(PBR536) adds Wendy Beck, currently EVP/CFO of Norwegian Cruise Lines(PBR494), to the Board per agreement with investor JANA Partners, who will endorse nominees for Board at annual meeting. $BLMN PR link.

Titan Machinery(PBR908) elects Christine Hamilton, co-owner and managing partner of central S Dakota large farm/ranching operation Christiansen Land and Cattle and also Board member of Minneapolis Federal Reserve Bank, to the Board. $TITN PR link.

The US Dept of Commerce says US 4Q17 2nd Estimate Real Gross Domestic Product Annual Rate is +2.5%, $19.737 trillion, +1.2% from 3Q17, +4.4% from 4Q16USDOC PR link.

The US Dept of Treasury says US Public Debt on 02/27/18 was $15.127 trillion, Intragovernmental Holdings $5.711 trillion, Total US Government Debt $20.838 trillion, +1.7% from 01/30/18, +4.6% from 02/27/17USTreasury PR link.

The US Energy Information Administrationsays US Crude Oil Stockpiles on 02/23/18were at 423.5 million barrels, +1.2% from 01/26/18, -18.4% from 02/17/17EIA PR link.

The American Automobile Assn says US 02/28/18 Average Price/Gallon of Regular Gasis at $2.530, -2.4% from 01/31/18, +10.5% from 02/28/17AAA PR link.

The MNI February 2018 Chicago Business Barometer(>50 Gaining) is at 61.9, January 2018 was 65.7, December 2017 67.8, February 2017 57.4. ISM-Chicago/MNI PR link.

Investing: StockBrokers.com releases its 2018 Online Broker RankingsStockBrokers.com PR link.

***Tuesday, February 27:

Walmart(PBR1) introduces four new exclusive spring season apparel private brands for women, men and kids: Time and Tru, Terra & Sky, Wonder Nation and George, available online and in stores 03/01/18. $WMT PR link.

Boeing(PBR27 $BA) to build two new Air Force Ones for $3.9 billion, original bid was for $5 billion, says Trump negotiated ‘good deal.’ MarketWatch PR link.

Comcast(PBR42) makes proposal to acquire major European entertainment and communications services provider Sky plc for $31 billion cash, 16% more than offered by 21st Century Fox(PBR91)$CMCSA PR link.

Macy’s(PBR97) to sell floors 8-14 of its State St store in Chicago for $30 million, exploring opportunities to sell the approximately 240,000 gross sf I. Magnin portion of the main Union Square building in San Francisco, in FY2017 opened 36 Bluemercury stores, 2 Macy’sstores, 30 Backstage off-price stores within existing Macy’s stores and one Bloomingdale’slicensed location in Kuwait, closed 16 Macy’sstores. $M PR link.

eBay(PBR163) to acquire Giosis’ Japanbusiness, including the 2 million users Qoo10.jpplatform, to close 2Q18, terms not disclosed. $EBAY PR link.

AutoZone(PBR290) selling its 26 locations across 9 states European replacement parts provider Interamerican Motor Corporation to Parts Authority, terms not disclosed. $AZO PR link.

Celgene(PBR347) gets Refusal to File letter from US FDA for its multiple sclerosis therapy ozanimod, plans to meet with FDA and be able to re-file application. $CELG PR link.

Lithia(PBR451) acquires $340 million revenues/year Day Automotive Group in Monroeville, PA$LAD PR link.

Post Holdings(PBR486) to close Clinton, MA, cereal manufacturing facility, was part of Weetabix acquisition on 07/03/17, expects to close by 08/19, will affect 180 employees. $POST PR link.

Fresh Del Monte(PBR527) completes $361 million cash acquisition of grower, processor and supplier of a broad variety of fresh and value-added vegetable products in N America, $535 million/2017, Mann Packing Co$FDP PR link.

KAR Auction(PBR811) pursuing independent public company spin-off of its Insurance Auto Auctions (IAA) salvage auction business unit within next 12 months. $KAR PR link.

Express Scripts(PBR860) to create a $20 million bonus pool, non-executive employees to receive $500-$2,000 one time bonus based on tenure, will create $30 million education fund for children of employees. $ESRX PR link.

Ocwen Financial(PBR869) to acquire mortgages services provider PHH Corp(NYSE: PHH) for $11.00/share, $360 million cash, to close 2H18. $OCN PR link.

Fitbit(PBR870) introduces Fitbit Ionic adidasedition smartwatch, includes adidas Traincoaching application, retails for $329.95, to be available online and in stores 03/19/18. $FIT PR link.

Domino’s(PBR889) and Ford(PBR10) begin second round of self-driving delivery vehicle testing in Miami, FL$DPZ PR link.

Weight Watchers(PBR988) ends 2017 with 600,000 more members, 3.2 million total, a 23% growth over 2016, positive response to WW Freestyle™ program launched in 12/17. $WTW PR link.

CrossAmerica Partners(PBR731) hires Gerardo Valencia as President, to add CEO role in 2-3Q18, to succeed President/CEO Jeremy Bergeron who will be assuming a new leadership role within Alimentation Couche-Tard. $CAPL PR link.

SeaWorld(PBR948) President/CEO Joel Manby agrees to step down, Chief Parks Operations Officer John T. Reilly named Interim CEO. $SEAS PR link.

UNUM(PBR261) hires Puneet Bhasin as Chief Information and Digital Officer, effective 03/08/18. $UNM PR link.

Continental Resources(PBR497) hires Rory R. Sabino as VP/Investor Relations, succeeds retiring Warren Henry. $CLR PR link.

TrueBlue(PBR704) hires Maggie Lower to newly created position of Chief Marketing Officer. $TBI PR link.

Abercrombie & Fitch(PBR595) elects Kerrii B. Anderson, most recently President/CEO of Wendy’s(PBR877) International unit, to the Board. $ANF PR link.

Fred’s(PBR897) appoints Neeli Bendapudi, Provost, Executive Vice Chancellor and a Professor of Marketing at the University of Kansas, to the Board, effective 03/21/18, replaces Mary McNabb who retired after 13 years of service. $FRED PR link.

The Federal Reserve Board of Richmond says Fifth District February 2018 Manufacturing Index(Annualized) is at 28%, January 2018was 14%, December 2017 20%, February 201719%. RichmondFed PR link.

The Federal Reserve Board of Richmond says Fifth District February 2018 Services Sector Revenue Index(Annualized) is at 27%, January 2018 was 20%, December 2017 25%, February 2017 20%. RichmondFed PR link.

The S&P CoreLogic Case-Shiller US December 2017 National Home Price Index(01/2000=100) is at 196.23, November 2017 was 195.78, October 2017 195.42, December 2016 184.66. S&P CoreLogic Case-Shiller PR link.

FreddieMac(PBR41) releases its US February Outlook, forecasts 4.6% annualized 30 year fixed mortgage rate for 2018, 5.1% for 2019, housing price growth to slow, provides an analysis of how 2 homeowner families will be affected by the Tax Cuts and Jobs Act of 2017$FMCC PR link.

The Conference Board says the US February 2018 Consumer Confidence Index(1985=100)is at 130.8, January 2018 was 124.3. TCB PR link.

Autonomous Vehicles Update: California now allows driverless cars without a human behind the wheel. MarketWatch PR link.

***Monday, February 26:

Berkshire Hathaway(PBR4) Chairman Warren Buffett releases 2017 Letter to the Stockholders, includes his thoughts on the impact of recent US corporate tax reform legislation, how new GAAP rules will affect financial reporting, acquisition philosophy, and much more. $BRKB PR link.

GE(PBR9) CEO John Flannery issues 2017 Letter to Stockholders, discusses current challenges and opportunities. $GE PR link.

UPS(PBR47) suing European Commission for $2.15 billion for blocking the UPS-TNT acquisition in 12/13. $UPS PR link.

DowDuPont(PBR48) announces names of upcoming independent public spin-offs: Agriculture Division to become Corteva Agriscience™ in 1Q19, did $14+ billion in 2017; Materials Science Division to be called Dow in 2Q19, did nearly $44 billion in 2017, and; Specialty Products Division to become new DuPont in 2Q19, did $21 billion in 2017. $DWDP PR link.

FedEx(PBR65) responds to questions on the Natl Rifle Assn, gun safety and policy, says it strongly supports 2nd Amendment subject to appropriate background checks, opposes assault rifles for civilians, will not discontinue discounted shipping services for NRA or any organization in response to their politics, beliefs or positions on issues. $FDX PR link.

American Airlines(PBR69) and Quantas file application with US Dept of Transportation to form joint venture to provide more services for flights between N America, Australia & New Zealand$AAL PR link.

Delta(PBR72) informs Natl Rifle Assn it will end its contract for discounted fares for travel to the association’s 2018 annual meeting out of respect for customers and employees on both sides, continues to support 2nd Amendment. $DAL PR link.

Qualcomm(PBR106) sends letter to Broadcom(NASDAQ: AVGO), provides a markup document addressing regulatory and certainty issues of merger, restates current valuation is unacceptable, welcomes meeting to discuss items further. $QCOM PR link.

Qualcomm(PBR106 $QCOM) gets response from Broadcom(NASDAQ: AVGO), says Qualcomm’s proposed process is an effort to delay 03/06/18 annual meeting. $AVGO PR link.

Qualcomm(PBR106) responds to Broadcom(NASDAQ: AVGO) saying Broadcom’s statements were misleading, ready to negotiate on price, has made clear it has no intention of delaying planned 03/06/18 annual meeting. $QCOM PR link.

Medtronic(PBR133) gets US FDA approval for new arm indication for the Guardian(TM) Sensor 3 to control automated insulin delivery via a hybrid closed loop system. $MDT PR link.

Eli Lilly(PBR142) gets additional US FDA approval for Verzenio™ (abemaciclib), as initial treatment for advanced breast cancer. $LLY PR link.

CBS(PBR210) launches CBS SPORTS HQ, a 24-hour streaming sports news network offering news, highlights and analysis, free on connected devices. $CBS PR link.

Nordstrom(PBR214) to again partner with influencer Arielle Charnas to introduce SOMETHING NAVY Brand in the fall 2018. $JWN PR link.

JCPenney(PBR234) launching apparel line dedicated to 14-year-old Nickelodeonstar/social media sensation JoJo Siwa, features bright and colorful apparel, bedding and bows promoting Siwa’s positive, anti-bullying outlook, online already, available in stores 03/02/18. $JCP PR link.

Mylan(PBR346) defeats Allergan(PBR219)‘s maneuver to rent tribal sovereign immunity to avoid dry eye therapy Restasis® patent challenge. $MYL PR link.

Wynn Resorts(PBR427 $WYNN) board gets sued by NY Comptroller for failing to hold ex-CEO Steve Wynn to account in sexual misconduct case. MarketWatch PR link.

AMC Networks(PBR851) proposes to buy shares it does not own in digital channel company RLJ Entertainment(NASDAQ:RLJE)for $4.25/share, around $60 million cash. $AMCX PR link.

Cree(PBR964) gets strategic long-term agreement to produce and supply its Wolfspeed™ silicon carbide (SiC) wafers to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), deal valued at well over $100 million. $CREE PR link.

Brown & Brown(PBR972) to do 2:1 stock spliton 03/28/18 for shareholders of record on 03/14/18. $BRO PR link.

Meredith Corp(PBR994) to sell Time Inc UK, with its 50+ brands, to UK private equity firm Epiris per plan after recent acquisition of Time Inc, to close in 1Q18. $MDP PR link.

Anixter(PBR391) CEO Robert J Eck to retire after 28 years with company on 06/30/18, will remain on Board; President/COO William Galvin to become President/CEO on 07/01/18. $AXE PR link.

US Foods(PBR118) hires David Works as EVP/Chief Human Resources Officer. $USFD PR link.

SuperValu(PBR164) EVP/Chief Strategy Officer & interim CFO Rob Woseth promoted to EVP/CFO. $SVU PR link.

C.H. Robinson(PBR215) promotes Bob Biesterfeld to COO, effective 03/01/18. $CHRW PR link.

H&R Block(PBR669) hires Tiffany Scalzitti Monroe as Chief People Officer, effective 03/05/18. $HRB PR link.

Molina Healthcare(PBR284) board member, son of founder & former CFO/Treasurer John Molina steps down from the Board. $MOH PR link.

Mylan(PBR346) 16 year veteran director Wendy Cameron to resign from Board, effective at annual meeting, Pauline van der Meer Mohr, currently a non-executive director of HSBC Holdings plc, nominated to be director. $MYL PR link.

The US Dept of Commerce/HUD says US Preliminary January 2018 New Homes Sold/For Sale Annual Rate is at 593,000, -7.8% from December 2017, -1.0% from January 2017January 2018 Median Price at $323,000, -4.1% from December 2017, +2.5% from January 2017January 2018 Months Supplyat 6.1 months, December 2017 was 5.5 months, January 2017 5.2 months. USDOC PR link.

The Federal Reserve Bank of Chicago says US Preliminary January 2018 National Activity Index is at +0.12, December 2017 was +0.14, November 2017 +0.24, January 2017-0.19. ChiFed PR link.

***Friday, February 23:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 02/23/18

The Stock Market Bear looked like he was going to easily win this shorter trading week, but on the last day the Stock Market Bull charged past him thanks to the US Federal Reservesuggesting it expects interest rates to be gradual and not as many as originally thought for 2018:

DJIA ends the week at 25,309.99, +0.36% from last Friday, -3.21% MTD, +2.39% QTD/YTD, -4.91% from record 26,616.71 set 01/26/18.
NASDAQ ends the week at 7,337.39, +1.35% from last Friday, -1.00% MTD, +6.29% QTD/YTD, -2.24% from record 7,505.77 set 01/26/18.
SPX ends the week at 2,747.30, +0.55% from last Friday, -2.71% MTD, +2.76% QTD/YTD, -4.37% from record 2,872.87 set 01/26/18.

Valero Energy(PBR13) UK subsidiary to acquire SemGroup(PBR866)’s SemLogistics Milford Haven 8.5 million barrel fuel storage facility on the west coast of Wales, terms not disclosed. $VLO PR link.

Citigroup(PBR28 $C) to refund customers $335 million after failing to lower interest rates in period 2011-2017, affects 1.75 million cardholders, $190 average refund. MarketWatch PR link.

General Mills(PBR162) to acquire BLUE brandnatural foods and treats for dogs and cats company Blue Buffalo Pet Products(NASDAQ: BUFF) for $40.00/share, $8.0 billion cash, to close by 05/31/18. $GIS PR link.

KBR(PBR395) to acquire technology solutions, engineering services, mission operations, scientific and IT software solutions in the Government Services market provider Stinger Ghaffarian Technologies, has $3.4 billion in backlog with no major recompetes for two years, terms not disclosed. $KBR PR link.

UGI Corp(PBR325) hires Ted J. Jastrzebski as CFO, effective on or before 05/21/18. $UGI PR link.

Markel(PBR470) hires Beth Hungate-Noland as Managing Director/Markel Ventures. $MKL PR link.

TDS(PBR482) US Cellular(NYSE: USM) subsidiary VP/Controller Douglas Chambers to become TDS SVP/Finance & Chief Accounting Officer on 05/18/18, succeeds retiring Douglas Shuma, will also assume Shuma’s role as CFO and Chief Accounting Officer at TDS and Chief Accounting Officer at US Cellular. $TDS PR link.

Pfizer(PBR56) elects its COO Albert Bourla, DVM, PhD, to the Board. $PFE PR link.

Kraft Heinz(PBR156) board member Warren Buffett, Chairman of Berkshire Hathaway(PBR4), to retire from Board at 2018 annual meeting; Alexandre Van Damme, Board member of Anheuser-Busch Inbev and Restaurant Brands International as well as a director of DKMS, the largest bone marrow donor center in the world, is nominated to fill vacancy. $KHC PR link.

Fresh Del Monte(PBR527) Board member Hani El-Naffy to retire at end of his term on 05/02/18. $FDP PR link.

FreddieMac(PBR41) February Insight analyzes effect of higher mortgage interest rates on borrowers, lenders, real estate agents, and home builders, provides 3 scenarios for 30 year fixed mortgage rates. $FMCC PR link.

***Thursday, February 22:

Gilead Sciences(PBR107)’s Kite unit to pay $150 million and up to an additional $3.01 billion in collaboration agreement for use of Sangamo Therapeutics(Nasdaq:SGMO) ZFN technology to modify genes to develop next-generation cell therapies for autologous and allogeneic use in treating different cancers . $GILD PR link.

Fiserv(PBR474) to do 2:1 common stock split on 03/19/18 for holders of record on 03/05/18. $FISV PR link.

Sprouts(PBR688) authorizes up to $350 million share repurchase program through 12/31/19. $SFM PR link.

Brookdale Senior Living(PBR587) concludes its strategic review process, rejects an offer, decides to execute a turnaround strategy as a public company under new leadership, appoints CFO Cindy Baier to President/CEO and acting CFO until replacement found, effective 02/28/18, succeeds Andy Smith who is stepping down, EVP/Chief Accounting Officer Bryan Richardson to leave effective 03/09/18, replacement not being sought, Daniel Decker and William Petty, Jr, retiring from the Board, Lee S. Wielansky elected Non-Executive Chairman. $BKD PR link.

Gilead Sciences(PBR107) EVP/Commercial operations James Meyers retiring, search starts. $GILD PR link.

PNC Financial(PBR189) promotes Chief Investment Officer William Parsley to COO. $PNC PR link.

Carpenter Technology(PBR856) COO to assume a new role as VP/Business Management Office, and Global Advanced Engineering, as well as the leadership of Environmental, Health and Safety; Chief Technology Officer Mike Murtagh to be VP & Group President of Specialty Alloys Operations, both effective 07/01/18. $CRS PR link.

Invacare(PBR984) appoints Kathleen P. Leneghan as SVP/CFO, has been interim CFO since 11/26/17; Board member Mike Merriman not standing for re-election because of other personal and professional obligations. $IVC PR link.

Anthem(PBR38) Board elects Elizabeth E. Tallett as Chairman, effective 05/16/18, succeeds Joseph R. Swedish who is retiring. $ANTM PR link.

Hershey(PBR354) Chairman John P. Bilbrey to retire effective with 05/02/18 annual meeting, Charles A. Davis elected as successor. $HSY PR link.

TEGNA(PBR622) elects Howard Elias as new Chairman, succeeds retiring Marjorie Magner, to be effective after 04/26/18 annual meeting; Stuart J. Epstein, most recently co-managing partner at Evolution Media and former EVP/CFO of NBCUniversal, elected to the Board, effective immediately. $TGNA PR link.

Snapshot 15 Summary: The PBR1000 January Top 5 by Market Capitalization(Rank, Company, PBR Ranking by Revenues, Stock Symbol, Market Cap in $ Billion on 01/31/18):

1. Apple, PBR2, AAPL, $849B
2. Alphabet, PBR27, GOOG, $813B
3. Microsoft, PBR28, MSFT, $715B
4. Amazon, PBR12, AMZN, $693B
5. Facebook, PBR97, FB, $544B

Range: $849B to $0B
Total The PBR1000 Market Cap: $27.2 trillion, +5.3% from 12/31/17, +24.6% from 12/30/16
Average: $27.2 billion(#205)
Median: $7.9 billion(#500)

To get all 15 of The PBR1000 Snapshots with 25 rankings each month become a The PBR1000 Subscriber by clicking here!

The US Federal Reserve Board‘s Vice Chairman for Supervision Randal K. Quarles says US economy appears to be performing very well, is in the best shape that it has been in since the crisis. USFed PR link.

FreddieMac(PBR41) says the US 30 Year Fixed Mortgage Rate Average on 02/22/18 is 4.40% with 0.5 points/fees, was 4.15% on 01/25/18, 4.16% on 02/23/17$FMCC PR link.

The US Dept of Labor says the US Initial Unemployment Insurance Claims 4 Week Moving Average for 02/17/18 is 226,000, -5.8% from 01/20/18, -6.2% from 02/23/17Insured Unemployment Rate on 02/10/18 was 1.3%. USDOL PR link.

The Conference Board says the US Preliminary January 2018 Leading Economic Index(2016=100) is 108.1, December 2017 was 107.1, November 2017 106.5. TCB PR link.

***Wednesday, February 21:

Amazon(PBR29) Studios acquires global TV rights to Scottish writer Iain M. Banks‘ first novel ‘Consider Phlebas’, a space opera about a fictional interstellar utopian society, the Culture, to be available on Prime Video$AMZN PR link.

Merck(PBR70) to acquire Australian based oncolytic immunotherapy treatments developerViralytics Limited (ASX: VLA, OTC: VRACY)for $394 million by end of 2Q18. $MRK PR link.

Broadcom(NASDAQ: AVGO) adjusts offer for Qualcomm(PBR106 $QCOM) from $82/share to $79/share based on Qualcomm’s revised offer for NXP Semiconductors, all other terms remain the same. $AVGO PR link.

Qualcomm(PBR106) responds to Broadcom(NASDAQ: AVGO) adjusted $82/share to $79/share offer, says makes inadequate offer even worse, explains advantages of NXP Semiconductorsacquisition. $QCOM PR link.

Gap Inc(PBR179) launches the Gap | Sarah Jessica Parker limited-edition assortment of girls and boys apparel and accessories celebrating love, luck and magic, priced from $16.95 to $78. available 03/01/18 online and in selected countries. $GPS PR link.

DISH(PBR196) closes 4Q17 with 13.242 million Pay-TV subscribers, including 11.030 million DISH TV subscribers and 2.212 million Sling TV subscribers, 2017 total revenue of $14.39 billion, compared to $15.21 billion in 2016. $DISH PR link.

JCPenney(PBR234) launches Obsess, first collection is influenced by Olympic gold medalist Laurie Hernandez, features trendy tops, rompers, dresses and jeans designed for all body types, $21.99 to $34.99, available online 02/26/18, in stores 03/02/18. $JCP PR link.

Priceline(PBR319) changing name to Booking Holdings Inc, effective immediately, ticker changing to NASDAQ: BKNG on 02/27/18. $PCLN PR link.

AMD(PBR445) introduces two new higher performance embedded chips, the AMD EPYC™ Embedded 3000 processor, for networking, storage and edge computing devices, and the AMD Ryzen™ Embedded V1000 processor, for medical imaging, industrial systems, digital gaming and thin clients. $AMD PR link.

Host Hotels(PBR455) to acquire 3 Hyatt(PBR537) properties, Andaz Maui, Grand Hyatt San Francisco, and Hyatt Regency Coconut Point, for $1 billion. $HST PR link.

Quad/Graphics(PBR495) acquires privately held Dallas/Ft Worth, TX, area based 600 employees N America marketing services provider Ivie & Associates, terms not disclosed. $QUAD PR link.

Fresh Del Monte(PBR527) authorizes another up to $300 million share repurchase program, expires 02/21/21, existing $300 million program expires 07/29/18. $FDP PR link.

Bloomin’ Brands(PBR536) confirms receipt of letter from activist investor Barington Capitalsuggesting spin-off of Outback Restaurants, plans to address issue after release of 4Q17 results tomorrow. $BLMN PR link.

OneMain(PBR567) to provide eligible team members with a one-time $600 bonus, raises minimum wage to $14/hour. $OMF PR link.

First Solar(PBR630) to build 200-megawatt ac photovoltaic(PV) solar power plant on 2,000 acres in Twiggs County, GA, to be commissioned in late 2019, will be the largest stand-alone PV solar plant in the SE US. $FSLR PR link.

AMC Entertainment(PBR728) adds 9 million Stubs members over last 18 months, now has 12 million members representing 30 million movie-goers. $AMC PR link.

Diebold Nixdorf(PBR676) hires Gerrard Schmid as President/CEO and Board member, effective immediately. $DBD PR link.

Tupperware(PBR746) President/COO Tricia Stitzel to become President/CEO, effective 05/09/18, to succeed Rich Goings who will become Executive Chairman. $TUP PR link.

Snapshot 13 Summary: The PBR1000 January Top 5 Stock Performers Since 12/30/16(13 Months) (Rank, Company, PBR Ranking by Revenues, Stock Symbol, 01/31/18 Stock Price, % Increase from 12/30/16):

1. Weight Watchers, PBR985, WTW, $64.29, +461%
2. Systemax, PBR901, SYX, $31.05, +254%
3. Scientific Games, PBR694, SGMS,$46.65, +233%
4. RH(fka Restoration Hardware), PBR814, RH, $93.99, +206%
5. Conn’s, PBR911, CONN, $33.30, +163%

Range: +461% to -89%
Number of Cos at 0% or Better: 711/999
Average: +23.2%
Median: +17.0%

The Federal Open Market Committee releases minutes from its 01/30-31/18 meeting, says labor market continues to strengthen, economic activity rising at a solid rate, expects inflation to rise in 2018 and stabilize at around the 2% target, keeps federal funds rate at 1.25-1.50%. FOMC PR link.

The Natl Assn of Realtors says US Preliminary January 2018 Existing Home Sales Annual Rate is at 5,380,000, -3.2% from December 2017, -4.8% from January 2017January 2018 Median Sales Price was $240,500, -2.4% from December 2017, +5.8% from January 2017NAR PR link.

***Tuesday, February 20:

Snapshot 11 Summary: The PBR1000 January Top 5 Stock Performers (Rank, Co, PBR Ranking by Revenues, Stock Symbol, 01/31/18 Stock Price, % Increase from 12/29/17):

1. Eastman Kodak, PBR924, KODK, $7.95, +156%
2. BlueLinx, PBR853, BXC, $16.19, +66%
3. Cenveo, PBR902, CVO, $1.39, +54%
4. Kapstone Paper/Packaging, PBR662, KS, $34.64, +53%
5. Weight Watchers, PBR985, WTW, $64.29, +45%

Range: +156% to -53%
Number of Companies at 0% or Better:687/1,000
Average: +3.90%
Median: +3.52%

Amazon(PBR29) Prime members earn 5% back when using their Amazon Rewards Visa card at its Whole Foods unit starting today. $AMZN PR link.

Merck(PBR70 $MRK) loses hepatitis C therapy Sovaldi patent case to Gilead Sciences(PBR107 $GILD), $2.5 billion award to Merck in jury trial overturned by judge. MarketWatch PR link.

21st Century Fox(PBR91) Fox News unit to launch an exclusive Over-the-Top (OTT) opinion streaming service entitled Fox Nation in 4Q18. $FOX PR link.

Privately held food store chain Albertson’s to merge with drug store chain Rite Aid(PPBR105), to be named public company expects $83 billion sales in 1st year across 4,900 locations, to close early 2H18. $RAD PR link.

Qualcomm(PBR106) enters into amended agreement of $110.00/share to $127.50/share to acquire Netherlands based NXP Semiconductors NV(NASDAQ: NXPI), lowers minimum tinder threshhold from 80% to 70%, expiration date set to 03/05/18. $QCOM PR link.

Broadcom(NASDAQ: AVGO) evaluating options following Qualcomm(PBR106 $QCOM)‘s amended acquisition plan of NXP, recommends Qualcomm stockholders express their disappointment. $AVGO PR link.

Qualcomm(PBR106) Datacenter Technologiessubsidiary and new subscription games-on-demand service for mobile gaming Hatch Entertainment to collaborate on delivering next-generation cloud-based gaming experiences on servers based on the Qualcomm Centriq™ 2400 – the world’s first 10nm server processor. $QCOM PR link.

Anadarko(PBR154) jointly owned Mozambique LNG1 Co gets 15 year, 1.2 million tons/year liquid natural gas deal with Électricité de France electric utility company. $APC PR link.

Perrigo(PBR565) gets patent challenge from Bayer AG for generic version of rosacea treatment Finacea® Foam, 15%, $54 million market in 2017. $PRGO PR link.

Plexus(PBR807) revises capital allocation plan per US tax reform, authorizes a $200 million share repurchase program that will go into effect when $106 million current plan balance is used up, to pay $13 million in one time bonuses to 16,000 employees. $PLXS PR link.

Curtiss-Wright(PBR837) to acquire Dresser-Rand Government Business, from a Siemens AG wholly-owned subsidiary for $212.5 million. $CW PR link.

Gap Inc(PBR179) President/CEO of Gap brand unit is leaving per mutual agreement, EVP/Global Talent & Sustainability Brent Hyder to be interim brand President/CEO until replacement found. $GPS PR link.

Perrigo(PBR565) appoints Ronald L. Winowiecki as CFO, had been Acting CFO since 02/17. $PRGO PR link.

Guess?(PBR798) co-founder Paul Marciano relinquishes day-to-day duties during investigation of alleged improper conduct, which he denies. $GES PR link.

***Monday, February 19:

***US Federal Holiday: President’s Day
***US Stock Exchanges Closed.

Mattel(PBR412) expands partnership with Tynker started in 2015, sets goal to introduce 10 million kids to coding by 2020, through Tynker’s computing platform used in 1 in 3 US schools, using Mattel’s characters. $MAT PR link.

Netflix(PBR447) to provide its content library through partnership with OSN to Middle East/North Africa in first deal for the region. $NFLX PR link.

Noble Energy(PBR471) gets 10 year deals for a total of around $14 billion to supply Egypt with a total of 1.15 triiion cubic feet of natural gas from its working interests in Eastern Mediterranean Leviathan and Tamar fields. $NBL PR link.

Celanese(PBR369) promotes SVP/Engineered Materials Scott Richardson to CFO, effective immediately, succeeds departing Chris Jensen. $CE PR link.

***Friday, February 16:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 02/16/18:
DJIA ends the week at 25,219.38, +4.25% from last Friday, -3.56% MTD, +2.02% QTD/YTD, -5.25% from record 26,616.71 set 01/26/18.
NASDAQ ends the week at 7,239.47, +5.31% from last Friday, -2.32% MTD, +4.87% QTD/YTD, -3.55% from record 7,505.77 set 01/26/18.
SPX ends the week at 2,732.22, +4.30% from last Friday, -3.24% MTD, +2.19% QTD/YTD, -4.90% from record 2,872.87 set 01/26/18.

Qualcomm(PBR106) issues open letter regarding 02/14/18 meeting with Broadcom(NASDAQ: AVGO), says Broadcom’s $82/share offer undervalues company, concerns about regulatory/anti-trust issues, proposed breakup fee inadequate, open to further discussions. $QCOM PR link.

FirstEnergy(PBR195) to deactivate the coal-fired 1,300 megawatt Pleasants Power Stationin Willow Island, WV, will be sold or closed on 01/01/19, effects around 190 employees. USDOC PR link.

Praxair(PBR233 $PX) merger with Germanybased Linde AG(Xetra: LIN) to create $30 billion/year company gets European Union anti-trust probe, concerns over few gases companies, potential threat to consumer/business prices, sets deadline of 07/04/18 to decide on deal. MarketWatch PR link.

General Cable(PBR418) stockholders approve acquisition by Italian based global energy and telecom cable systems provider Prysmian Group (BIT: PRY) for $30/share, $3 billion cash, expects to close by 3Q18. USDOC PR link.

Welltower(PBR635) to change stock symbol from NYSE: HCN to NYSE: WELL, effective with the opening of trading on 02/28/18. USDOC PR link.

Middleby(PBR865) acquires Bothell, WA, based $15 million sales/year equipment manufacturer of solutions for filling and depositing bakery and food products Hinds-Bock Corporation, terms not disclosed. USDOC PR link.

Trinity Industries(PBR402) announces that Group CFO/Construction, Energy, Marine and Components businesses Scott Beasley to be CFO of public spin-off infrastructure related businesses scheduled for 2H18, SVP/CFO James Perry to remain at Trinity. USDOC PR link.

Omnicom(PBR192) appoints Ronnie S. Hawkins, Managing Director, Head of International Investments and a member of the Investment Committee of EIG Global Energy Partners, to the Board. USDOC PR link.

CBRE(PBR301) appoints Brandon B. Boze as Board Chair, succeeding Ray Wirta, who will remain on the Board, effective following the company’s annual shareholders’ meeting in 05/18. USDOC PR link.

Wynn Resorts(PBR427) SEC filing states that former Chairman/CEO Steve Wynn is not entitled to any severance payment or other compensation from the Company under the employment agreement, includes SW agreeing to not directly compete against company for at least 2 years. $WYNN PR link.

The US Dept of Commerce releases results of investigations into steel and aluminum imports, identifies 3 options for each commodity, including at least a 24% tariff globally on steel, at least a 7.7% tariff globally on aluminum, as first options. USDOC PR link.

The US Dept of Commerce/HUD says US Preliminary January 2018 Private Housing Building Permits Issued Annual Rate was at 1,396,000 units, +7.4% from December 2017, +7.4% from January 2017USDOC PR link.

The US Dept of Labor says US Preliminary January 2018 All Imports Prices were +1.0%, Last 12 Months +3.6%; All Exports Priceswere +0.8%, Last 12 Months +3.4%. USDOL PR link.

The U of Michigan US Preliminary February 2018 Consumer Sentiment Index is at 99.9, January 2018 was 95.7, December 2017 95.9, February 2017 96.3. UMichigan PR link.

***Thursday, February 15:

Anthem(PBR38) completes acquisition of Florida based 130,000 members privately‐held for‐profit Medicare Advantage organization America’s 1st Choice, terms not disclosed. $ANTM PR link.

Oracle(PBR78) to acquire cloud based Web Application Firewall (WAF) and Distributed Denial of Service (DDoS) mitigation services provider Zenedge, terms not disclosed. $ORCL PR link.

AbbVie(PBR135) authorizes new $10 billion share repurchase program, supersedes existing programs. $ABBV PR link.

Air Products(PBR267) to acquire largest independent carbon dioxide(CO2) business in continental Europe ACP Europe SA, terms not disclosed. $APD PR link.

Avis Budget(PBR316) confirms receipt of notice from investor SRS Investment Management, which has 2 members on the Board, of its intent to nominate 5 at 2018 annual meeting, AB expresses disappointment, cites accomplishments of current board. $CAR PR link.

Becton Dickinson(PBR318) completes $100 million Achieve™ Programmable Automatic Biopsy System, Temno™ Biopsy System and Tru-Cut™ Biopsy Needles assets and CRB’s Aspira® Pleural Effusion Drainage Kits and the Aspira® Peritoneal Drainage System assets sale to Merit Medical(NASDAQ: MMSI)$BDX PR link.

Wyndham Worldwide(PBR464) to sell its $750 million/year European vacation rental business to Platinum Equity for around $1.3 billion, Wyndham will also get a 20 year 1% of net revenue royalty for use of its name. $WYN PR link.

Noble Energy(PBR471) authorizes share repurchase program through 2020 of $750 million, also to sell its deepwater Gulf of Mexicoassets to Fieldwood Energy for $710 million. $NBL PR link.

TEGNA(PBR622) completes $325 million cash acquisition of Midwest Television‘s broadcasting stations in San Diego, CA, KFMB-TV(CBS), KFMB-D2 (CW) and radio stations KFMB-AM/FM. $TGNA PR link.

TreeHouse Foods(PBR690) to close pretzels and cereal snack mixes manufacturing facility in Visalia, CA, by end of 1Q19, affects 294 employees. $THS PR link.

Aaron’s(PBR725) authorizes new up to $500 million share repurchase program, discontinues previous program. $AAN PR link.

A. Schulman(PBR791) to be acquired by plastics, chemicals and refining manufacturer LyondellBasell (NYSE: LYB) for $42/share, $2.25 billion cash, to close 2H18. $SHLM PR link.

Wendy’s(PBR877) authorizes new up to $175 million share repurchase program, expires 03/03/19. $WEN PR link.

Chemours(PBR454) President/Chemical Solutions Chris Siemer is leaving, Ed Sparks promoted to be successor effective 04/01/18. $CC PR link.

Coca-Cola(PBR63) nominates Christopher Davis, Chairman of $30+ billion in client assets Davis Advisors, and Caroline Tsay, CEO of cloud infrastructure software company Compute Software and former executive at Hewlett Packard Enterprises, to be elected to the Board at 04/18 annual meeting. $KO PR link.

Celgene(PBR347) elects John Weiland, former President/COO of recently acquired CR Bard, to the Board. $CELG PR link.

The US Dept of Labor says US January 2018 Producer Price Index Total Monthly Final Demand was at +0.4%, December 2017 was +0.0%, November 2017 +0.4%, January 2017+0.5%, Total Last 12 Months(Unadjusted) is +2.7%. USDOL PR link.

The US Federal Reserve says US Preliminary January 2018 Industrial Production % of Capacity is at 77.5%, December 2017 was 77.7%, November 2017 77.5%, January 201775.7%. USFed PR link.

The Federal Reserve Bank of New York says the Empire State February 2018 Manufacturing Current General Business Conditions Index is at 13.1, January 2018 was 17.7, December 2017 19.6, February 201717.1. NYFed PR link.

The Federal Reserve Bank of Philadelphiasays the US 3rd District February 2018 Manufacturing General Activity Indicator is at 25.8, January 2018 was 22.2, December 201727.9, February 2017 35.3. PhillyFed PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary February 2018 Housing Market Composite Index is at 72, January 2018 was 72, December 2017 74, February 2017 65. NAHB PR link.

FannieMae(PBR17) in February Economic and Housing Outlook continues to project a 2.7% growth rate in 2018, even with higher interest rates and stock market volatility. $FNMA PR link.

***Wednesday, February 14:

Fannie Mae(PBR17) records 4Q17 loss of $6.5 billion after provision for $9.9 billion in federal taxes from new tax regulations, had a net worth deficit of $3.7 billion on 12/31/17, FHFA to submit a request to US Treasury for $3.7 billion for FNMA. $FNMA PR link.

Cisco(PBR60) authorizes additional $25 billion for share repurchase program, balance is now $31 billion, no expiration date. $CSCO PR link.

Lockheed(PBR64) breaks ground on new, $50 million, 255,000 sf office facility in Orlando, FL, to hire 1,800 over next 2 years, 500 for Orlando. $LMT PR link.

Qualcomm(PBR106) board and senior management representatives to meet and determine next steps after meeting with Broadcom(NASDAQ: AVGO) representatives for 2 hours. $QCOM PR link.

Lear Corp(PBR165) authorizes increase of share repurchase program to $1.5 billion, expiration extended to 12/31/20. $LEA PR link.

Bristol-Myers Squibb(PBR185) to pay Nektar Therapeutics(Nasdaq:NKTR) $1.0 billion plus purchase $850 million in NKTR shares at $102.60/share in global strategic development and commercialization collaboration for Nektar’s lead immuno-oncology program, NKTR-214$BMY PR link.

Celgene(PBR347) authorizes additional $5 billion for share repurchase program, no expiration date. $CELG PR link.

NVR(PBR533) authorizes $300 million share repurchase program. $NVR PR link.

Equinix(PBR793) to acquire the 1.6 million gross-square-foot InfoMart Dallas from ASB Real Estate Investments, in an $800 million debt and cash transaction, to close mid 2018. $EQIX PR link.

Granite Construction(PBR831) to acquire water management, construction, and drilling company Layne Christensen(NASDAQ: LAYN)in a stock-for-stock transaction valued at $565 million, including the assumption of net debt, to close in 2Q18. $GVA PR link.

Popular(PBR886) to acquire Wells Fargo(PBR30)’s auto finance business in Puerto Rico for $1.7 billion cash. $BPOP PR link.

SunTrust Banks(PBR307) Vice Chairman & head/Consumer Segment Mark Chancy and EVP & head/Wholesale Segment Beau Cummins to become co-COOs; CFO Aleem Gillani to retire in 2Q18, head of Commercial Banking Allison Dukes named successor, effective 03/31/18. $STI PR link.

Constellation Brands(PBR377) promotes Bill Newlands to President/COO, President/CEO Rob Sands retains CEO role. $STZ PR link.

Honeywell(PBR74) President/CEO Darius Adamczyk nominated to be Chairman at 04/23/18 annual meeting, to succeed retiring Dave Cote; Duncan B. Angove, President of Infor, elected to Board. $HON PR link.

Chemours(PBR454) board member Stephen D. Newlin to not seek re-election, needs more personal time. $CC PR link.

T Rowe Price(PBR570) Vice Chairman Ed Bernard to retire on 12/31/18 after 30 years with the firm; Rob Sharps named head of Investments and remains CIO, effective 03/01/18. $TROW PR link.

The US Dept of Labor says US Preliminary January Consumer Price Index(CPI)-All Itemswas +0.5%, Food was +0.2%, Energy was +3.0%, All Items Last 12 Months is at +2.1%. USDOL PR link.

The US Dept of Labor says US Preliminary January 2018 Current Average Earnings/Houris at $26.74, Average Hours Worked/Week is at 34.3, for Average Weekly Income of $917.18, -0.2% from December, +2.6% from January 2017USDOL PR link.

The US Dept of Commerce/Census says US Preliminary December 2017 Total Manufacturer Sales were at $1.431 trillion, +0.6% from November 2017, +6.7% from December 2016USDOC PR link.

The US Dept of Commerce/Census says US Advance January 2018 Total Retail Trade was at $492.0 billion, -0.3% from December 2017, +3.6% from January 2017USDOC PR link.

***Tuesday, February 13:

Phillips 66(PBR7) to repurchase 35 million shares of common stock from Berkshire Hathaway(PBR4) for $93.725/share, $3.3 billion, eliminates regulatory requirements issue for BH which remains a primary stockholder with just under a 10% stake. $PSX PR link.

MetLife(PBR39) review reveals deficiencies in notifying certain Retirement and Income Solutions (“RIS”) group annuitants, affects 13,500 retirees. $MET PR link.

PepsiCo(PBR43) authorizes new share repurchase program of up to $15 billion of PepsiCo common stock, starts 07/01/18, expires 6/30/21, replaces $12 billion repurchase program that started 07/01/15 with expiration date of 06/30/18. $PEP PR link.

Broadcom(NASDAQ: AVGO) to seek election of six, rather than 11, nominees to the Qualcomm(PBR106 $QCOM) Board. $AVGO PR link.

AFLAC(PBR121) announces 2:1 stock splitpayable 03/16/18. $AFL PR link.

Xerox(PBR144) responds to major shareholders Carl Icahn and Darwin Deason open letter regarding disagreement for merger with FujiFilm, explains why concerns are false. $XRX PR link.

Henry Schein(PBR270) denies FTC anti-trust price fixing allegations, plans vigorous defense. $HSIC PR link.

Becton Dickinson(PBR318) gets US FDA pre-market approval for BD Onclarity™ HPV Assay, can detect 14 high-risk HPV types. $BDX PR link.

Barnes & Noble(PBR408) implements new labor model for its stores, has eliminated certain store positions, provides flexibility for staffing. $BKS PR link.

HanesBrands(PBR459) completes $400 million cash acquisition of Sydney, Australia based specialty retailer and online seller of intimate apparel in Australia, New Zealand and South Africa $144 million sales/2017 Bras N Things$HBI PR link.

GNC(PBR743) to get $300 million investment from China based Harbin Pharmaceutical, to form strategic joint venture partnership for manufacturing, marketing, sale and distribution of GNC-branded products in China. $GNC PR link.

Kemper(PBR847) to acquire specialty, nonstandard auto insurance segment 2,300 employees, 10,600 independent agents, $1.4 billion in 2017 direct written premiums provider Infinity Property and Casualty Corporation (NASDAQ: IPCC) for $129/share, $1.4 billion cash/stock. $KMPR PR link.

Nationstar Mortgage(PBR857) to acquire legacy reinsurance business provider WMIH Corp(NASDAQ: WMIH)(fka Washington Mutual) for $18.00/share or exchange share equivalent, to close 2H18. $NSM PR link.

Fitbit(PBR870) to acquire health coaching platform provider Twine Health, to close 1Q18, terms not disclosed. $FIT PR link.

Charles River Labs(PBR900) to acquire global biopharmaceutical and medical devices testing services provider MPI Research for $800 million cash. $CRL PR link.

Chipotle(PBR561) hires former YUM!(PBR217)’s Taco Bell division CEO Brian Niccol as CEO, Chairman/CEO/Founder Steve Ells to become Executive Chairman, both effective 03/05/18. $CMG PR link.

Blackstone(PBR352) President/COO Tony James named Executive Vice Chairman, Global Head of Real Estate Jon Gray becomes President/COO. $BX PR link.

Charles River Labs(PBR900) EVP & President/Global Research Models & Services Dr. Davide Molho now President/COO. $CRL PR link.

CBL & Assoc(PBR998) promotes Mike Harrison to EVP/Operations and Alan Lebovitz to EVP/Management. $CBL PR link.

Mondelez(PBR87) appoints Debra Crew, former President/CEO of Reynolds American, and Peter May, President/Founding Partner of Trian Fund Management, to the Board, Nelson Peltz, CEO/Founding Partner of Trian, to step down, all effective 03/01/18. $MDLZ PR link.

Dollar General(PBR151) appoints Tim McGuire, Chairman of Canada based smartphone repair shops Mobile Klinik, and Ralph Santana, EVP/Chief Marketing Officer of Samsung subsidiary Harman International Industries, to the Board. $DG PR link.

Washington is budgeting a $5.1 billion taxpayer bailout for FannieMae(PBR17 $FNMA) and FreddieMac(PBR41 $FMCC)MarketWatch PR link.

CoreLogic reports that US November Housing Mortgage Payments 30 Days or More Delinquent was at 5.1%, October was 5.1%. September 5.0%, November 2016 5.2%; US November Total Percentage of Houses in Foreclosure was 0.6%, November 2016 was 0.8%. CoreLogic PR link.

***Monday, February 12:

General Motors(PBR8)’s S Korea unit to cease production and close its increasingly underutilized Gunsan plant by the end of May 2018. $GM PR link.

MetLife(PBR39) establishing $15/hr minimum wage for US employees, providing minimum group life insurance benefit of $75,000, introducing a $300 minimum monthly credit for the cash-balance formula of the company’s defined benefit pension plan, enhancing the 401(k) plan design, extending company-paid group legal services offered through MetLife’s Hyatt Legal Plans, creating a new $10 million skills development fund. $MET PR link.

Lockheed(PBR64) delivers 400th C-130J Super Hercules Aircraft, operations in 17 countries, over 1.7 million flight hours. $MET PR link.

Oracle(PBR78) to rapidly open 12 new datacenter regions and increase the breadth and depth of Oracle Cloud services available across Asia, Europe, and the Americas$ORCL PR link.

21st Century Fox(PBR91) proposes safeguards for UK’s Sky News independence for at least 5 years as part of acquisition. -Marketwatch $FOX PR link.

General Dynamics(PBR94) to acquire $5 billion sales/year government IT business services provider CSRA (NYSE: CSRA) for $40.75/share, $9.6 billion, includes $2.8 billion debt. $GD PR link.

Lennar(PBR340) completes $51.34/share, $9.3 billion, includes $3.6 billion debt, acquisition of CalAtlantic(PBR799)$LEN PR link.

Herbalife(PBR487) establishes new 600 million RMB ($90 Million USD) China Growth and Impact Investment Fund to be used for acquisitions, nutrition clubs expansion, technology, and research, learning, and training. $HLF PR link.

Pinnacle West(PBR620) subsidiary APS to provide electricity from First Solar(PBR631) 65 MW solar field and 50 MW solar-fueled battery in Arizona, plans expansion to over 500 MW battery storage. $PNW PR link.

Barnes & Noble(PBR408) hires Timothy Mantel as Chief Merchandising Officer. $BKS PR link.

Murphy Oil(PBR448) EVP/CFO John W. Eckart to retire upon appointment of successor sometime in 2018. $MUR PR link.

Regeneron(PBR708) hires Marion McCourt as SVP/Head of Commercial. $REGN PR link.

Equifax(PBR795) hires Jamil Farshchi as Chief Information Security Officer. $EFX PR link.

Southern Co(PBR155) appoints Dr. Ernest Moniz, the former US Secretary of Energy and a physicist, to the Board effective 03/01/18. $SO PR link.

Insight(PBR460) appoints Linda Breard, an experienced CFO for tech companies, to the Board. $NSIT PR link.

Simon Property(PBR494) appoints Marta R Steward, recently retired EVP/CFO of Norfolk Southern(PBR242), to the Board. $SPG PR link.

The US Dept of Treasury says US January Federal Government Receipts were $361.0 billion, Outlays $311.8 billion, Surplus $49.2 billion; YTD(4 months) Receipts are $1.131 trillion, YTD Outlays $1.306 trillion, YTD Deficit$ 0.176 trillion. Treasury PR link.

***Friday, February 9:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 02/09/18:
DJIA ends the week at 24,190.90, -5.21% from last Friday, -7.49% MTD, -2.14% QTD/YTD, -9.11% from record 26,616.71 set 01/26/18.
NASDAQ ends the week at 6,874.49, -5.06% from last Friday, -7.25% MTD, -0.42% QTD/YTD, -8.41% from record 7,505.77 set 01/26/18.
SPX ends the week at 2,619.55, -5.16% from last Friday, -7.23% MTD, -2.02% QTD/YTD, -8.82% from record 2,872.87 set 01/26/18.

Alphabet(PBR44 $GOOG)’s Waymo self driving vehicle unit and Uber agree to settle court case about intellectual property, Waymo to get 0.34% equity in Uber, worth around $245 million, originally sought $1 billion. The Verge PR link.

Qualcomm(PBR106 $QCOM) is sent letter by Broadcom(NASDAQ: AVGO) requesting meeting this weekend, reiterates $82/share is final offer, strong Qualcomm shareholder support, $8 billion reverse termination fee. Broadcom PR link.

Qualcomm(PBR106) extends cash tender offer again to acquire Netherlands based NXP Semiconductors NV(NASDAQ: NXPI) for $110.00/share, $47 billion cash to 02/23/18, 1.5% of NXP common shares have been validly tendered. $QCOM PR link.

Insperity(PBR814) to pay one-time bonuses of $1,000 to $4,000 based on tenure to its non-management employees, $9 million total, result of recent tax reform bill. $NSP PR link.

Gartner(PBR885) to sell its global provider of talent assessment solutions CEB Talent Assessment to private UK based Exponent Private Equity for $400 million, to close 1H18. $IT PR link.

GameStop(PBR294) terminates employment of COO Tony Bartel and EVP/Strategic Business and Brand Development Michael Hogan without cause. $GME PR link.

Juniper Networks(PBR516) Chief Customer Officer Vincent Molinaro to step down upon appointment of successor; receives US Dept of Justice letter saying it has closed investigation into possible violations of the US Foreign Corrupt Practices Act (“FCPA”) without taking any action against the Company. $JNPR PR link.

NGL Energy(PBR207) appoints L. John Schaufele IV, of private investment firm The Energy & Minerals Group, to the Board, replaces Patrick G. Wade as a Director. $NGL PR link.

Ryder(PBR378) Board member L. Patrick Hassey has retired after 13 years of service. $R PR link. Ryder(PBR378) elects David G. Nord, Chairman/President/CEO of Hubbell(PBR632), and Dmitri L. Stockton, recently retired SVP and Special Advisor to the Chairman of GE(PBR9), to the Board, effective 03/01/18. $R PR link.

Newell Brands(PBR434) confirms receipt of activist investor Starboard Value‘s intention to nominate 10 candidates to stand for election to the Board at 2018 annual meeting, summarizes its current board and management achievements. $NWL PR link.

Amkor Technology(PBR659) appoints Doug Alexander, former president of multi-vertical cloud technology company Actua Corporation, and MaryFrances McCourt, VP/Finance and Treasurer at the University of Pennsylvania, to the Board. $AMKR PR link.

Guess?(PBR798) Board forms Special Committee of two independent directors to oversee an ongoing investigation into recent allegations of improper conduct by founder Paul Marciano who adamantly denies the allegations. $GES PR link.

The US Dept of Commerce/Census says US Preliminary December Total Wholesale Saleswere at $500.2 billion, +1.2% from November, +9.1% from December 2016USDOC PR link.

***Thursday, February 8:

ExxonMobil(PBR2) adds 2.7 bilion oil-equivalent barrels of oil and gas to reserves in 2017, replaces 187% of 2017 productivity, reserves life at current production rates is 14 years. $XOM PR link.

Amazon(PBR29) introduces free two-hour delivery from Whole Foods Market through Prime Now in Austin, Cincinnati, Dallas and Virginia Beach, to expand across US throughout 2018. $AMZN PR link.

Johnson & Johnson(PBR37) Janssen Pharmaceutical unit gets US FDA approval for new indication of ZYTIGA® (abiraterone acetate) in combination with prednisone for the treatment of patients with metastatic high-risk castration-sensitive prostate cancer (CSPC). $JNJ PR link.

Tyson(PBR80) providing one-time $1,000 bonus to qualified full-time employees, $500 to part-time, effects 100,000+, enhancing employee training, education and development opportunities, accelerate capital projects, cites effect of new US tax laws. $TSN PR link.

Qualcomm(PBR106) Board unanimously rejects Broadcom(NASDAQ: AVGO) unsolicited 02/05/18 revised $60/share plus $22/share of Broadcom stock as undervalued and well short of regulatory commitment, and has offered to meet Broadcom to discuss issues. $QCOM PR link.

YUM!(PBR217) and Grubhub (NYSE: GRUB)announce new US growth partnership, Initially includes online ordering for pickup and delivery from US KFC and Taco Bell restaurants, Yum! to purchase $200M of common stock from Grubhub, Pizza Hut US President Artie Starrs to join Grubhub board of directors as an independent director. $YUM PR link.

KKR(PBR332) in 4Q17 report says it is evaluating changing structure from partnership to corporation. $KKR PR link.

Salesforce(PBR453) to invest $2 billion in its Canadian business over 5 years. $CRM PR link.

HanesBrands(PBR459) to acquire Sydney, Australia based specialty retailer and online seller of intimate apparel in Australia, New Zealand and South Africa $144 million sales/2017 Bras N Things for around $400 million cash. $HBI PR link.

Synopsys(PBR879) completes acquisition of Enschede, the Netherlands, based global supplier of photonic chip design solutions PhoeniX Solutions, terms not disclosed. $SNPS PR link.

New York Times(PBR971) says in 4Q17 it added 99,000 net digital news subscriptions and 157,000 total net digital-only subscriptions, has 2,644,000 net digital-only subscriptions, +41.8% from 4Q16. $NYT PR link.

Sensient Technologies(PBR997) to acquire Lima, Peru, based natural color business of GlobeNatural from Michell Group, terms not disclosed. $SXT PR link.

Cooper-Standard(PBR644) hires Jeffrey A. DeBest to the newly created position of President/Advanced Technology Group. $CPS PR link.

Universal Corp(PBR833) SVP/CFO David Moore to retire effective 08/31/18, SVP Johan C. Kroner named successor. $UVV PR link.

Mattel(PBR412) appoints Ynon Kreiz as Non-Executive Chairman, to be effective at the annual meeting, succeeds retiring Chairman and former CEO Christopher A. Sinclair. $MAT PR link.

CME Group(PBR664) Chairman Emeritus Leo Melamed to retire from Board at the conclusion of his current term in 05/18. $CME PR link.Retired Chairman Jack Sandner to step down from Board in 05/18. $CME PR link. Names slate of director nominees for 05/09/18 annual meeting. $CME PR link.

Allison Transmission(PBR865) Board members Francis ‘Buzz’ Raborn and Jamie Star to not seek re-election when their terms end at 2018 annual meeting. $ALSN PR link.

***Wednesday, February 7:

AT&T(PBR12) exploring initial public offering of a minority interest in its Latin America entertainment services business, DIRECTV Latin America, in 1H18. $T PR link.

Gilead Sciences(PBR107) gets US FDA approval for Biktarvy® (Bictegravir, Emtricitabine, Tenofovir Alafenamide) for treatment of HIV-1 infection. $GILD PR link.

Anadarko(PBR154) increases share repurchase program by $500 million to $3.0 billion. $APC PR link.

SuperValu(PBR164) confirms Blackwells Capital intent to nominate directors for next annual meeting, outlines current transformation actions underway. $SVU PR link.

NRG Energy(PBR186) to sell its ownership interests in NRG Yield and NRG’s Renewables Platform to Global Infrastructure Partners for $1.375 billion cash, to close 2H18; NRG Yield to purchase NRG’s interest in certain ROFO pipeline assets for $407 million; NRG’s South Central business being sold to Cleco Corporate Holdings for $1 billion; NRG sets 2018 total asset sales cash proceeds target to approximately $3.2 billion. $NRG PR link.

Terex(PBR357) authorizes new up to $325 million share repurchase program. $TEX PR link.

Alleghany Corp(PBR467) subsidiary acquires San Angelo, TX, based fabricator of steel bridges and structural steel for stadiums, airports, and other large commercial and industrial projects Hirschfeld Industries, terms not disclosed. $Y PR link.

Fiserv(PBR474) to sell 55% ownership stake in its Lending Solutions business to Warburg Pincus for $395 million net after-tax proceeds, retains 45% ownership. $FISV PR link.

Berry Global(PBR488) completes $475 million cash acquisition of Clopay Plastic Productsunit from Griffon Corp(PBR890)$BERY PR link.

Chipotle(PBR561) to provide its 71,000 associates accelerated training programs, up to $1,000 one time bonus for qualified hourly/salaried employees, one time stock grant for qualified staff employees, expanding maternity/paternity coverage, result of new tax laws. $CMG PR link.

NASDAQ(PBR618) to move corporate headquarters from downtown Manhattan to its MarketSite location at 4 Times Square, 145,000 sf 15 year lease. $NDAQ PR link.

Tesla(PBR651) says 2018 to be transformative year, expects to begin generating positive quarterly operating income on a sustained basis at some point as Model 3 production hits numbers. $TSLA PR link.

Hain Celestial(PBR712) exploring divestiture of its Hain Pure Protein business, did $159 million last fiscal year. $HAIN PR link.

TSYS(PBR790) to provide its Virtual Payment Precept solution for JPMorgan Chase(PBR21)‘s commercial card business. $TSS PR link.

AAR Corp(PBR883) and to do joint venture with India based Indamer Aviation for the development of a new airframe maintenance, repair and overhaul (MRO) facility in Nagpur, India, to serve India’s growing airline services. $AIR PR link.

New York Times(PBR971) introduces its online T Magazine, new format print version coming out 02/18/18. $NYT PR link.

Nelnet(PBR972) completes $150 million cash acquisition of Madison, WI, based student loan servicing company Great Lakes Educational Loan Services$NNI PR link.

Weight Watchers(PBR988) strategic vision by 2020 end is to help 10 million people adopt healthy habits, grow revenue to $2+ billion, remove all artificial ingredients from its products, offer free memberships to teenagers. $WTW PR link.

Valero Energy(PBR13) EVP/CFO Michael Ciskowski to retire effective 05/03/18, SVP/Treasurer Donna Titzman to become EVP/CFO at that time. $VLO PR link.

Omnicom(PBR192) promotes Wendy Clark to President/CEO of its DDB Worldwide unit, succeeds Chuck Brymer who will assume the title of Chairman. $OMC PR link.

CA Technologies(PBR550) hires Ava Hahn as EVP/General Counsel and Corporate Secretary, succeeds departing Michael Bisignano. $CA PR link.

Keysight Technologies(PBR660) promotes Mark Pierpoint SVP & President/Ixia Solutions Group, succeeds departed Bethany Mayer. $KEYS PR link.

Cardinal Health(PBR26) elects Akhil Johri, EVP/CFO of United Technologies(PBR45), to the Board. $CAH PR link.

Progressive(PBR145) Chairman and former CEO Glenn Renwick to retire from the Board effective with annual shareholders meeting in 05/18, after 30 years with the company. $PGR PR link.

The US Federal Reserve says US Preliminary December Total Consumer Debt Outstandingwas at $3.481 trillion, +0.5% from November, +5.4% for 2017TheFed PR link.

FannieMae(PBR17) says US January Home Purchase Sentiment Index is at new high of 89.5, December was 85.8, November 87.8, January 2017 82.7. $FNMA PR link.

***Tuesday, February 6:

Omnicom(PBR192) Health Group unit acquires Williamsburg, VA, based Snow Companies, a full-service patient engagement agency that focuses on direct-to-patient (DTP) communications, marketing, education, and patient research initiatives for major pharmaceutical and biotech companies around the world. $OMC PR link.

Pioneer Natural Resources(PBR476) plans to divest its S Texas, Raton, and West Panhandleassets. $PXD PR link.

Arthur J Gallagher(PBR515) acquires Sioux Falls, SD, based property/casualty, life, health and voluntary benefits coverages to businesses and individuals agency Williams Insurance Agency, terms not disclosed. $AJG PR link.

Fresh Del Monte(PBR527) to acquire grower, processor and supplier of a broad variety of fresh and value-added vegetable products in N America, $535 million/2017, Mann Packing Co, for $361 million cash. $FDP PR link.

Xylem(PBR575) acquires urban water cycle and wastewater and stormwater systems solutions for municipalities provider EmNet, terms not disclosed. $XYL PR link.

Carlisle Cos(PBR650) authorizes additional 5 million shares repurchase program, balance is now 7.1 million shares, no expiration date. $CSL PR link.

Bon-Ton Stores(PBR707) gets bankruptcy court approval for “First Day” motions, including authorization to access up to $725 million in debtor-in-possession financing from its existing ABL lenders, stores, e-commerce and mobile platforms operating as normal. $BONT PR link.

GameStop(PBR294) EVP & President/International Mike Mauler appointed CEO, effective immediately. $GME PR link.

Wynn Resorts(PBR427) Chairman/CEO Steve Wynn resigns, effective immediately; President Matt Maddox appointed CEO and Boone Wayson Non-Executive Chairman. $WYNN PR link.

Cinemark(PBR739) promotes Jay Jostrand to SVP/Real Estate, succeeds retiring Tom Owens. $CNK PR link.

Southwest Gas(PBR867) SVP/CFO Roy Centrella to retire effective 04/01/18, to be succeeded by VP/Controller Gregory Peterson. $SWX PR link.

Trimble Navigation(PBR804) appoints Johan Wibergh, group technology officer and CIO of Vodafone, to the Board. $TRMB PR link.

The US Dept of Labor says US Preliminary December Job Openings were at 5,811,000, -2.8% from November, +4.9% from December 2016USDOL PR link.

The US Dept of Commerce says US Preliminary December Total Exports were $203.4 billion, Total Imports $256.5 billion, Total Deficit $53.1 billion, Total 2017 Deficit was $566.0 billion, Total 2016 Deficit was $504.8 billion. Total 2015 Deficit was $500.4 billion. USDOC PR link.

The PurdueU/CME Group US January Ag Barometer Composite Index is at 135, December was 126, November 128, January 2017 153. PurdueU/CME PR link.

***Monday, February 5:

Kroger(PBR20) to sell 762 convenience storesunit to UK based privately held petrol forecourt convenience store retailer EG Group for $2.15 billion. $KR PR link.

Anthem(PBR38) to contribute $1,000 to 401(k) accounts of 58,000+ associates and recent retirees on 03/29/18. $ANTM PR link.

Qualcomm(PBR106) confirms receipt of Broadcom(NASDAQ: AVGO) unsolicited proposal to acquire Qualcomm for $60/share plus $22/share of Broadcom stock, revised from previous offer of $60/share plus $10/share of Broadcom stock, which was rejected as undervalued. $QCOM PR link.

ConAgra(PBR166) completes acquisition of $60 million/2017 frozen breakfast and entrée flatbread sandwiches provider Sandwich Bros. of Wisconsin® business, terms not disclosed. $CAG PR link.

Viacom(PBR212) strikes wide-ranging mobile streaming deal with Telefónica across Latin America$VIA PR link.

Arconic(PBR215) announces $500 million share repurchase program and $500 million early debt reduction. $ARNC PR link.

Caesars Entertainment(PBR314) completes $140 million renovation of Harrah’s Las Vegas, celebrates 80th anniversary of the Harrah’s brand. $CZR PR link.

Owens Corning(PBR465) completes $1.05 billion acquisition of $480 million revenues/2017 1,800+ employees mineral wool insulation for building and technical applications in Europeproducer Paroc Group$OC PR link.

NVIDIA(PBR510) and global automotive technology company Continental partnering to create top-to-bottom AI self-driving vehicle systems built on the NVIDIA DRIVE™ platform, with a planned market introduction starting in 2021. $NVDA PR link.

Skyworks(PBR582) announces up to $1 billion share repurchase program, expires 01/31/20. $SWKS PR link.

Hubbell(PBR632) completes $1.1 billion acquisition of global supplier of smart infrastructure solutions to water, gas, and electric utilities Aclara Technologies, an affiliate of Sun Capital Partners$HUBB PR link.

Varian Medical(PBR678) acquires privately-held 1,000+ customer sites radiation oncology Quality Assurance (QA) software provider Mobius Medical Systems, terms not disclosed. $VAR PR link.

SunPower(PBR680) and First Solar(PBR630 $FSLR) to sell 8point3 Energy Partners joint venture to CD Clean Energy and associates for $12.35/share, $977 million, to close by 3Q18 end. $SPWR PR link.

Bon-Ton Stores(PBR707) files for voluntary Chapter 11 bankruptcy to implement financial restructuring. $BONT PR link.

Avon Products(PBR303) hires Jan Zijderveld as CEO, effective immediately, succeeds Sheri McCoy, who previously announced her intention to retire from the Company and Board. $AVP PR link.

Micron Technology(PBR180) hires David Zinsner as SVP/CFO, effective 02/19/18, succeeds retiring Ernie Maddock. $MU PR link.

Dick’s Sporting Goods(PBR367) EVP/Chief Merchant Officer Keri Jones resigns effective 02/09/18 to take CEO role in another company. $DKS PR link.

US Federal Reserve System: Jerome H. Powell sworn in as Chairman of the Board of Governors, succeeds Janet L. Yellen. TheFed PR link.

The ISM US Preliminary January Non-Manufacturing Index is at 59.5%, Decemberwas 56.0%, November 57.4%, January 201756.5%. ISM PR link.

The IHS Markit US January Composite PMI Output Index is at 53.8, December was 54.1, November 54.5, January 2017 55.8. IHS Markit PR link.

***Sunday, February 4:

***The Philadelphia Eagles win Super Bowl LII, its first Super Bowl Championship, 41-33, over The New England Patriots. Eagles quarterback Nick Foles is selected as MVP.***

***Friday, February 2:

The PBRMarketTools US Stock Exchanges Recap for the week ending 02/02/18:
DJIA ends the week at 25,520.96, -4.12% from last Friday, -2.40% MTD, +3.24% QTD/YTD, -4.12% from record 26,616.71 set 01/26/18.
NASDAQ ends the week at 7,240.95, -3.53% from last Friday, -2.30% MTD, +4.89% QTD/YTD, -3.53% from record 7,505.77 set 01/26/18.
SPX ends the week at 2,762.13, -3.85% from last Friday, -2.18% MTD, +3.31% QTD/YTD, -3.85% from record 2,872.87 set 01/26/18.

Wells Fargo(PBR30) provides plans and timelines to be in compliance with US Federal Reserve directives, including not being able to add assets at this time, continue to change out members of the Board. have a separate Chairman & CEO. $WFC PR link.

Lowe’s(PBR50) to provide an up to $1,000 one-time bonus to its 260,000+ part-time and full-time hourly employees, in addition to long-standing, store-level bonus program; also expands benefits program. $LOW PR link.

Cisco(PBR60) completes $55/share, $1.9 billion net of cash acquisition of cloud PBX, unified communications, team collaboration, and contact center solutions for businesses and service providers across 80 countries BroadSoft (NASDAQ: BSFT)$CSCO PR link.

Celgene(PBR347) starts $87/share, $9 billion cash, tender offer for cellular immunotherapy developer Juno Therapeutics(NASDAQ: JUNO), expires 03/02/18. $CELG PR link.

Trimble Navigation(PBR804) has acquired privately-held e-Builder, a leading SaaS-based construction program management solution for capital program owners and program management firms used in over 200,000 projects, for $500 million. $TRMB PR link.

The US Dept of Labor says US January Total Employed was at 154,430,000, +409,000 from December, +2,354,000 from January 2017Unemployment Rate remains at 4.1%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary December Total Manufacturers’ New Orders were at $498.2 billion, +1.7% from November, +7.2% from December 2016USDOC PR link.

The U of Michigan US Final January Consumer Sentiment Index is at 95.7, December was 95.9, November 98.5, January 2017 98.5. UMich PR link.

***Thursday, February 1:

Kroger(PBR20) organic produce sales achieve $1 billion, almost 20% of US annual organic produce business. $KR PR link.

Cardinal Health(PBR26) completes $1.2 billion sale of its China pharmaceutical and medical products distribution business to Shanghai Pharma$CAH PR link.

Wells Fargo(PBR30) completes $227 million sale of its Shareowner Services unit to UKbased Equiniti Group$WFC PR link.

ConocoPhillips(PBR53) to acquire Anadarko(PBR154)‘s 22% interest in Western North Slope of Alaska, as well as its interest in the Alpine pipeline, for $400 million cash. $COP PR link.

Macy’s(PBR97) The Workshop at Macy’s Alumni Verona Collection to launch on Macys.com on 02/15/18, will feature a curated selection of versatile, ready-to-wear pieces including dresses, tops, cardigans, pants and hijabs in a variety of colors and fabrics, $12.95 to $84.95. $M PR link.

Starbucks(PBR178) and JPMorgan Chase(PBR21) launch Starbucks Rewards VISA Card, integrated directly into the Starbucks Rewards™ loyalty program, “Stars” earned for purchases anywhere VISA accepted, $49 annual fee. $SBUX PR link.

CBS(PBR210) forms special committee to evaluate potential combination with Viacom(PBR212). (Viacom also forms a special committee.) $CBS PR link.

Allergan(PBR219) completes $2.9 billion acquisition of Acelity L.P. Inc.‘s regenerative medicine company LifeCell Corporation$AGN PR link.

Allergan(PBR219) gets US FDA approval to expand the approved use of AVYCAZ® (ceftazidime and avibactam) to include the treatment of hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia. $AGN PR link.

Allergan(PBR219) to make one-time payment of $700 million to Teva Pharmaceuticals in settlement agreement. $AGN PR link.

iHeartMedia(PBR397) elects not to make a cash interest payment of $106 million, due 02/01/18, to holders of its 14% senior unsecured notes due 2021, will utilize 30 grace period as active discussions continue among its creditors regarding a comprehensive debt restructuring. $AGN PR link.

Take-Two Interactive(PBR956)‘s game Red Dead Redemption 2, planned for release during Spring 2018, is now planned to launch on 10/26/18 to allow additional time to further polish the final product. $AGN PR link.

The US Dept of Labor says US Preliminary 2017 Annual Labor Productivity Output/Hourwas +1.2%, 2016 was +0.0%, 2015 +1.2%; 2017 Annual Real Compensation/Hour was -0.6%, 2016 was -0.2%, 2015 +2.8%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary December Total Construction Spending Annual Rate is at $1.253 trillion, +0.7% from November, +5.4% from December 2016USDOC PR link.

The ISM US January Manufacturing PMI Index(>50%=economy growing) is at 59.1%, December was 59.3%, November 58.2%, January 2017 56.0%. ISM PR link.

The IHS Markit US January Manufacturing PMI Index is at 55.5, December was 55.1, November 53.9, January 2017 55.0. IHS Markit PR link.

Automotive News reports that US January New Light Vehicle Sales were at 1,157,407 units, +1.2% from January 2017, the Average Transaction Price was $36,270, +0.4% from January 2017, the Average Incentive Outlay$3,812. Automotive News PR link.

***Wednesday, January 31:

The PBRMarketTools US Stock Exchanges Recap for the Month Ending January, 01/31/18:
DJIA ends January at 26,149.39, -1.76% from last Friday, +5.79% MTD/QTD/YTD, -1.76% from record 26,616.71 set 01/26/18.
NASDAQ ends January at 7,411.48, -1.26% from last Friday, +7.36% MTD/QTD/YTD, -1.26% from record 7,505.77 set 01/26/18.
SPX ends January at 2,823.81, -1.71% from last Friday, +5.62% MTD/QTD/YTD, -1.71% from record 2,872.87 set 01/26/18.

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The PBR1000 November 2017 Breaking News Recap

November 2017: A Busy Month Ending With Being Thankful

A lot happened in the world, but much of the political and economic activity and issues continue to center around US policies and actions.

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for November 2017, starting with the last active business day.

***Thursday, November 30:

The PBRMarketTools US Stock Exchanges Recap for November Ending 11/30/17:
DJIA ends at record 24,272.35, +3.03% from last Friday, +3.83% MTD, +8.33% QTD, +22.82% YTD, +0.00% from record 24,272.35 set 11/30/17.
NASDAQ ends at 6,873.97, -0.22% from last Friday, +2.17% MTD, +5.82% QTD, +27.69% YTD, -0.56% from record 6,912.36 set 11/28/17.
SPX ends at record 2,647.58, +1.74% from last Friday, +2.81% MTD, +5.09 QTD, +18.26% YTD, +0.00% from record 2,647.58 set 11/30/17.

Amazon(PBR29) AWS unit announces Alexa for Business to voice-enable offices. $AMZN PR link.

Rush Enterprises(PBR505) authorizes new up to $40 million share repurchase program. $RUSHB PR link.

TimeInc(PBR661) sells 6.5 million subscribers across digital, print and social platforms American West focus publication SUNSET to private equity firm Regent, terms not disclosed. $TIME PR link.

Penn Natl Gaming(PBR750) confirms it is in talks about acquiring Pinnacle Entertainment(NASDAQ: PNK) in a stock/cash transaction. $PENN PR link.

Curtiss-Wright(PBR837) authorizes $50 million share repurchase program for 2018. $CW PR link.

Express(PBR860) authorizes new $150 million share repurchase program. $EXPR PR link.

Verisk Analytics(PBR943) to acquire anticipated $36 million in 2017 revenues energy sector analytics firm PowerAdvocate for $200 million. $VRSK PR link.

Alphabet(PBR44)’s Google Cloud unit hires former Intel(PBR51) Data Center Group President Diane Bryant as COO. $GOOG PR link.

United Technologies(PBR45) hires Paul Eremenko as SVP/Chief Technology Officer, effective 01/01/18, succeeds J. Michael McQuade, who will retire in 2018. $UTX PR link.

Intel(PBR51) Data Center unit Group President Diane Bryant to retire effective 12/01/17, to receive $4.5 million separation payment and receive agreed to retirement benefits. $INTC PR link.

Tyson(PBR80) hires Amy Tu as EVP/General Counsel, effective 12/11/17, will succeed David L. Van Bebber who will help in the transition. $TSN PR link.

TravelCenters(PBR341) President/CEO Thomas M. O’Brien resigns, effective 12/31/17; EVP/CFO & Treasurer Andrew J. Rebholz to be new CEO, EVP Barry A. Richards to become President/COO, SVP/Chief Accounting Officer William E. Myers to become EVP/CFO & Treasurer. $TA PR link.

Ryman Hospitality(PBR991) elects Fazal Merchant, COO/CFO of Tanium, to the Board. $RHP PR link.

The US Dept of Treasury says the US National Debt on 11/29/17 was $20.565 trillion, +0.6% from 10/31/17, +2.9% YTD, +3.2% from 11/29/16USTreasury PR link.

The US Dept of Labor says US Weekly Initial Unemployment Claims for 11/25/17 was 238,000, 4 Week Moving Average for 11/18/17was 242,250, +1.2% from 10/21/17, -5.3% from 11/19/16USDOL PR link.

The Federal Reserve Bank of Chicago says the 7th District Preliminary October Midwest Economy Index is at -0.12, September was -0.12, August +0.08, October 2016 +0.07. ChiFed PR link.

The MNI November Chicago Business Barometer is at 63.9, October was 66.2, September 65.2, November 2016 57.6. MNI PR link.

FreddieMac(PBR41) says US 30 Year Fixed Mortgage Rate on 11/30/17 Averaged 3.90% with 0.5 fees/points, 10/26/17 was 3.94%, 09/28/17 3.83%, 11/23/16 4.03%. $FMCC PR link.

The US Food and Drug Administrationprovides an update on Puerto Rico related medical product shortages. FDA PR link.

The American Automobile Assn says the US National Average Price for a Gallon of Regular Gas on 11/30/17 was $2.495, +1.1% from 10/31/17, +16.1% from 11/30/16AAA PR link.

***Wednesday, November 29:

Verizon(PBR15) to launch first commercial application of 5G residential broadbandservices in up to 5 markets in 2018, tested in 11 markets in 2017. $VZ PR link.

Amazon(PBR29) says nearly 140 million items ordered from small businesses on Cyber Monday, single biggest shopping day in Amazon’s history, surpassing Prime Day 2017$AMZN PR link.

Genworth Financial(PBR287) acquisition by privately held China Oceanside for $5.43/share, $2.7 billion cash closing extended from 11/30/17 to 04/01/18, allows additional time for regulatory reviews. $GNW PR link.

Caesars Entertainment(PBR314) to sell real estate assets of Harrah’s Las Vegas to VICI Properties for $1.14 billion cash, do leaseback, and to also acquire adjacent land from VICI to develop a planned new 300,000 sf convention center. $CZR PR link.

Orbital ATK(PBR655) stockholders approve $134.50/share, $9.2 billion cash, includes $1.4 billion in debt, acquisition by Northrop Grumman(PBR113), expects to close 1H18. $OA PR link.

Chipotle(PBR561) Chairman/CEO/Founder Steve Ells to become Executive Chairman upon appointment of CEO successor. $CMG PR link.

Viacom(PBR212) promotes Jose Tolosa to newly created role of Chief Transformation Officer. $VIA PR link.

Regis Corp(PBR912) hires Amanda Rusin as SVP/General Counsel and Secretary, effective in 01/18, succeeds departed Eric Bakken. $RGS PR link.

The US Dept of Commerce says US 3Q17 2nd Estimate Gross Domestic Product Annual Rate was at +3.3%, $19.509 trillion, +1.4% from 2Q17, +4.2% from 3Q16USDOC PR link.

The US Energy Information Administrationsays that US Crude Oil Stocks on 11/24/17were at 453.7 million barrels, -0.8% from 10/20/17, -7.1% from 11/25/16US Gas Prices on 11/27/17 averaged $2.533/gal, +2.2% from 10/23/17, +17.6% from 11/28/16EIA PR link.

The Federal Reserve System releases the US November Beige Book, says US economic activity continued to increase at a modest to moderate pace in October and mid-November across the 12 Districts. TheFed PR link.

***Tuesday, November 28:

Amazon(PBR29) says millions of devices sold between Thanksgiving and Cyber Monday, Echo Dot and Amazon Fire TV Stick with Alexa Voice Remote were best-selling Amazon devices from any manufacturer in any category across all of Amazon.com. $AMZN PR link.

Wells Fargo(PBR30) to exit auto, homeowners, renters and umbrella personal insurance products business, last remaining insurance brokerage agency in its portfolio, to complete exit process in 1Q18. $WFC PR link.

Merck(PBR70) announces increased quarterly dividend and $10 billion share repurchase authorization. $MRK PR link.

Emerson Electric(PBR109) withdraws proposal to acquire Rockwell Automation(PBR380) for $225/share cash/stock, $29 billion, cites RA’s continued unwillingness to engage in discussions. $EMR PR link.

Kellogg(PBR198) partnering with the famous author, foodie/entertainer, lifestyle expert and designer Lauren Conrad to open its new cereal café in NYC’s Union Square neighborhood on 12/14/17. $K PR link.

Hess(PBR248) completes $650 million sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy, effective 01/01/18. $HES PR link.

BlackRock(PBR252) to acquire Citigroup(PBR28)‘s $31 billion in assets, 1,500 branches 20 million customers Mexico based subsidiary Citibanamex, terms not disclosed. $BLK PR link.

DaVita Healthcare(PBR302) acquires Tacoma, WA, based 1,000 primary care and specialty care independent physician association Northwest Physicians Network, terms not disclosed. $DVA PR link.

PVH(PBR328)’s Calvin Klein subsidiary announces partnership through 2020 with The Andy Warhol Foundation for the Visual Arts, to roll out first collection in 01/18. $PVH PR link.

Regal Entertainment(PBR686) confirms it is currently engaged in discussions with Cineworld Group plc about a possible all-cash acquisition of Regal at a price of $23.00 per share. $RGC PR link.

CrossAmerica Partners(PBR731) completes $72 million acquisition of certain assets of Holly Pond, AL, based 102 retail sites, 91 million gallons of unbranded fuel in 2016, Jet Pep$CAPL PR link.

Buffalo Wild Wings(PBR981) to be acquired by Arby’s Restaurant Group for $157/share, $2.9 billion cash, includes net debt, to close in 1Q18. BWLD PR link.

Sonoco Products(PBR480) President/CEO Jack Sanders to retire effective 04/02/18, EVP/COO Rob Tiede named CEO-elect. $SON PR link.

The Andersons(PBR525) President/Rail Group Rash Shah to retire in 07/18, Joseph E. McNeely hired to be successor starting 01/08/18. $ANDE PR link.

Molson Coors(PBR558) International unit promotes Sergey Yeskov to President/CEO, effective 01/01/18. $TAP PR link.

Groupon(PBR652) hires Colin Bodell as Chief Technology Officer. $GRPN PR link.

RH(PBR915) promotes Sandra Stangl to President/Chief Merchandising & Business Development Officer, and David Stanchak to President/Chief Real Estate & Development Officer. $RH PR link.

Legg Mason(PBR709) appoints Michelle Goldberg, a venture capital investor, and Alison Quirk, a financial services industry senior executive, to the Board. $LM PR link.

The Federal Reserve Bank of Richmond says the 5th District November Manufacturing Index(Annualized) is at +30%, October was +12%, September +19%, November 2016 +6%. RichmondFed PR link.

The Federal Reserve Bank of Richmond says the 5th District November Service Sector Revenue Index(Annualized) is at +30%, October was +24%, September +22%, November 2016 +8%. RichmondFed PR link.

The Conference Board says US Preliminary November Consumer Confidence Index(1985=100) is at 129.5, October was 126.2. TCB PR link.

The US September S&P CoreLogic Case-Shiller Home Price Index(01/2000=100) is at 195.51, August was 194.82, July 193.90, September 2016 184.18. C-S PR link.

Adobe Systems(PBR557) says Cyber Mondayonline US sales were at $6,59 billion, a new record, $1 billion more than 2016, $1.59 billion from smartphones. $ADBE PR link.

OECD says global economy to grow by 3.6% in 2017, 3.7% in 2018, 3.6% in 2019US to grow by 2.2% in 2017, 2.5% in 2018, 2.1% in 2019OECD PR link.

***Monday, November 27:

Sears(PBR93) and its KMart unit announce free home delivery for online purchases on all orders over $399, through Monday, 12/25/17. $SHLD PR link.

Rite Aid(PBR105) completes pilot closing and first subsequent closings under the amended and restated asset purchase agreement entered into on 09/18/17, resulting in the transfer of 97 Rite Aid stores and related assets to Walgreens Boots Alliance(PBR36). Expects to complete $4.375 billion cash sale of 1,932 stores, three distribution centers and related inventory to WBA in spring 2018. $RAD PR link.

Polaris Industries(PBR531) celebrates the rolling off of its one-millionth RANGER® utility side-by-side vehicle off the assembly line in its Huntsville, AL, manufacturing facility. $PII PR link.

Meredith Corp(PBR994) to acquire TimeInc(PBR661) for $18.50/share, $2.8 billion cash, to close 1Q18. $MDP PR link.

Tenet Healthcare(PBR161) promotes Sandi Karrmann to SVP/Chief Human Resources Officer, succeeds Robb Webb who has retired. $THC PR link.

Peabody Energy(PBR372) hires Paul Richard as SVP/Chief Human Resources Officer. $BTU PR link.

CNO Financial(PBR559) hires Yvonne Franzese as Chief Human Resources Officer. $CNO PR link.

Freddie Mac(PBR41) elects Grace A. Huebscher, a real estate and capital markets executive, to the Board. $FMCC PR link.

NCR(PBR383) elects Deborah A. Farrington, co-founder/general partner of StarVest Partners and president of StarVest Management, to the Board. $NCR PR link.

The US Dept of Commerce/HUD says US Preliminary October Total New Family Homes Sold/For Sale Annual Rate is at 685,000, +6.2% from September, +18.7% from October 2016October Median Sales Price is at $312,800, -3.7% from September, +3.3% from October 2016October Total New Houses Available at 282,000, +1.4% from September, +13.7% from October 2016October Months Supply at 4.9, September was 5.2, October 2016 5.2. HUD PR link.

Black Friday Results: Online sales exceed $5 billion. MarketWatch PR link.

***Friday, November 24:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 11/24/17:
DJIA ends at 23,557.99, +0.86% from last Friday, +0.77% MTD, +5.15% QTD, +19.20% YTD, -0.14% from record 23,590.83 set 11/21/17.
NASDAQ ends at record 6,889.16, +1.57% from last Friday, +2.40% MTD, +6.05% QTD, +27.98% YTD, +0.00% from record 6,889.16 set 11/24/17.
SPX ends at record 2,602.42, +0.91% from last Friday, +1.05% MTD, +3.30 QTD, +16.24% YTD, +0.00% from record 2,602.42 set 11/24/17.

DISH(PBR196) reaches multi-year carriage agreement with CBS(PBR210), channels being restored, terms of agreement not disclosed. $DISH PR link.

Tesla(PBR651 $TSLA) installs in South Australia the largest lithium ion battery in the world per news release by S Australia Premier Jay Weatherill. S Australia Govt PR link.

Hologic(PBR767) gets US FDA clearance of Quantra™ 2.2 Breast Density Assessment Software$HOLX PR link.

***Thursday, November 23:

***US Thanksgiving Day.
***US Stock Exchanges Closed.

***Wednesday, November 22:

Kroger(PBR20) introduces BLOOM HAUS™, a new, premium and sustainable Our Brands floral line for Kroger’s family of stores, part of Restock Kroger Plan$KR PR link.

Johnson & Johnson(PBR37)’s Janssen unit gets US FDA approval of first and only complete, single-pill, two-drug regimen, JULUCA® (Dolutegravir and Rilpivirine), for the treatment of HIV-1 infection. $JNJ PR link.

Rockwell Automation(PBR380) board unanimously rejects Emerson Electric(PBR109 $EMR) $225/share cash/stock, $29 billion total offer as undervalued. $ROK PR link.

Waddell & Reed(PBR968) EVP/Chief Marketing Officer Thomas Butch steps down, CFO Brent K. Bloss becomes COO, Nikki F. Newton to become President/IDI subsidiary, Shawn M. Mihal to become President/WRI subsidiary. $WDR PR link.

Avista(PBR990) SVP Dennis Vermillion to become President and member of the Board, VP/Customer Solutions Kevin Christie to become VP/External Affairs and Chief Customer Officer, both effective 01/01/18. $AVA PR link.

The Federal Reserve Open Market Committeereleases minutes from 10/31/-11/01/17 meeting, says labor market had continued to strengthen and that economic activity had been rising at a solid rate despite hurricane-related disruptions, inflation rate still below 2% target, forecasts continued moderate growth, indicates federal funds rate increase likely in near-term. FOMC PR link.

The U of Michigan US Final November Consumer Sentiment Index is at 98.5, Octoberwas 100.7, September 95.1, November 201693.8. UMich PR link.

***Tuesday, November 21:

DISH(PBR196) offers free over-the-air antennas for customers affected by CBS(PBR210)blackout. $DISH PR link.

CBS(PBR210) issues statement regarding DISH(PBR196) dropping nearly 400 CBS stations. $CBS PR link.

Avis Budget(PBR316) signs exclusive multi-year Qualified Vendor Agreement with 6,500 properties across 11 brands Choice Hotels International(NYSE:CHH) as preferred car rental partner. $CAR PR link.

VWR Corp(PBR506 $VWR) $33.25/share, $6.5 billion acquisition by Avantor is completed. Avantor PR link.

Great Plains Energy(PBR757) & Westar Energy(PBR747) shareholders approve merger of equals, transaction equity value is $14 billion, expects to close in 1H18. $WR PR link.

The Cheesecake Factory(PBR893) opens its first restaurant in Canada in Toronto, Ontario$CAKE PR link.

Lowe’s(PBR50) promotes Richard D. Maltsbarger to COO effective 02/03/18, succeeds retiring Rick D. Damron. $LOW PR link.

Hewlett Packard Enterprises(PBR56) CEO Meg Whitman to step down effective 02/01/18, will remain on the Board, President Antonio Neri to add CEO and director roles as successor. $HPE PR link.

Biogen(PBR282) hires Jeffrey D. Capello as EVP/CFO effective 12/11/17. $BIIB PR link.

Salesforce(PBR453) names Bret Taylor as President/Chief Product Officer, names Alex Dayon President/Chief Strategy Officer. $CRM PR link.

Michael Kors(PBR519) hires Francesca Leoni as SVP/Chief Brand Officer effective 02/05/18. $KORS PR link.

Lands’ End(PBR976) hires Gill Hong as EVP/Chief Merchandising Officer & President/International; Sarah Rasmusen re-joins LE as SVP/E-Commerce. $LE PR link.

ServiceMaster(PBR704) appoints Naren K. Gursahaney, former President/CEO of ADT Corporation, to the Board effective 12/01/17. $SERV PR link.

The Natl Assn of Realtors says US October Total Existing Home Sales Annual Rate is at 5.48 million, +2.0% from September, -0.9% from October 2016October Median Sales Pricewas $247,000, +0.8% from September, +5.5% from October 2016NAR PR link.

The Federal Reserve Bank of Chicago says the US October Chicago Fed National Activity Index is at +0.65, September was +0.36, August -0.16, October 2016 -0.05. ChiFed PR link.

***Monday, November 20:

The US Dept of Justice files civil antitrust lawsuit to block AT&T(PBR12 $T) acquisition of Time Warner(PBR103 $TWX)USDOJ PR link.

AT&T(PBR12) to challege US Dept of Justicelawsuit to prevent AT&T’s $85.4 billion acquisition of Time Warner(PBR103 $TWX)$T PR link.

AmerisourceBergen(PBR16) to acquire Springfield, IL, based largest privately held US healthcare products wholesaler HD Smith for $815 million cash. $ABC PR link.

Amazon(PBR29) Prime original anthology series Philip K. Dick’s Electric Dreams debuts on 01/12/18, 10 episodes. $AMZN PR link.

Tyson(PBR80) to build a new chicken production complex in Humboldt, TN, to employ 1,500+, process 1.25 million chickens/week, to begin operations late 2019. $TSN PR link.

Medtronic(PBR133) gets US FDA approval and launches in US its portfolio of Azure(TM) pacemakers with BlueSync(TM)technology$MDT PR link.

Fidelity Natl Financial(PBR331) completes split-off of equity investment unit Cannae Holdings as a separate public company, trading as NYSE: CNNE$FNF PR link.

Mohawk Industries(PBR339) to acquire $334 million in 2017 revenues Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, terms not disclosed. $MHK PR link.

Armstrong World(PBR772) to sell its 1,900 employees $425 million revenues /2017 EMEA and Pacific Rim businesses to Knauf International GmbH for an enterprise value of $330 million, to close mid 2018. $AWI PR link.

Scientific Games(PBR937) SG Interactive unit integrates games portfolio into Petfre(Gibralter)’s Betfred.com site in new partnership. $SGMS PR link.

Pentair(PBR363) hires Lynnette Heath as EVP/Chief Human Resources Officer, Jon Lammers as EVP/General Counsel and Secretary, and Ben Sommerness as EVP/Chief Growth and Strategy Officer for Pentair’s Electrical business, nVent, which will be an independent public spin-off in 2Q18. $PNR PR link.

M&T Bank(PBR504) elects John R. Scannell, Chairman/CEO of Moog(PBR737), to the Board. $MTB PR link.

Carpenter Technology(PBR856) appoints Kathleen Ligocki, CEO of Agility Fuel Solutions, to the Board. $CRS PR link.

Federal Reserve System Board of Governors Chair Janet Yellen submits resignation, to be effective upon the swearing in of her successor as Chair. TheFed PR link.

The Conference Board says US Preliminary October Leading Economic Index(2010=100)is at 130.4, September was 129.2, August129.1, October 2016 124.2, indicates solid growth to continue into 2018. TCB PR link.

FreddieMac US November 2017 Outlookforecasts low interest rates to creep up over next 2 years, housing construction to gradually pick up because of inventory shortages, mortgage market to be dominated by purchase activity, refinancing to drop to very low levels. TCB PR link.

The Organisation for Economic Co-operation and Development says 3Q17 OECD Area GDPslowed to +0.6%, 2Q17 was +0.8%. US was down marginally to +0.7%. OECD PR link.

The Nebraska Public Services Commissionapproves the TransCanada Keystone Pipelineproposed route by a vote of 3-2(Page 51). NPSC PR link.

***Friday, November 17:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 11/17/17:
DJIA ends at 23,358.24, -0.27% from last Friday, -0.08% MTD, +4.25% QTD, +18.19% YTD, -0.87% from record 23,563.36 set 11/08/17.
NASDAQ ends at 6,782.79, +0.47% from last Friday, +0.82% MTD, +4.42% QTD, +26.00% YTD, -0.15% from record 6,793.29 set 11/16/17.
SPX ends at 2,578.85, -0.13% from last Friday, +0.14% MTD, +2.36 QTD, +15.19% YTD, -0.60% from record 2,594.38 set 11/08/17.

Walmart(PBR1 $WMT) among first to preorder electric Tesla(PBR651) Semi trucks, reserves 5 for US operations, 10 for Walmart Canada, total fleet is 6,000 trucks. MarketWatch PR link.

Delta(PBR72) and Korean Air joint venture arrangement to grow trans-Pacific networkserving 290+ destinations in the Americas and 80+ in Asia approved by the US Dept of Transportation$DAL PR link.

YUM!(PBR217) authorizes up to $1.5 billion share repurchase program through 12/31/18. $YUM PR link.

JB Hunt(PBR403) places reservations for multiple Tesla(PBR651 Semi tractors, to deploy electric tractors to its Intermodal and Dedicated Contract Services divisions for West Coastoperations. $JBH PR link.

Markel(PBR470) completes $21.00/share, $919 million cash acquisition of State National Cos(NASDAQ: SNC), will operate as an independent division. $MKL PR link.

Manitowoc(PBR579) shareholders approve 1:4 reverse stock split, 300 million to 75 million shares, to be effective on 11/20/17. $MTW PR link.

Tesla(PBR651 $TSLA) unveils electric Tesla Semi with 500-mile range, to carry up to 80,000 lbs, to be available in 2019, base price $200,000.MarketWatch PR link.

Brocade Communications(PBR845)$12.75/share, $5.9 billion cash acquisition by Singapore based Broadcom Ltd(NASDAQ: AVGO) is completed. $BRCD PR link.

Wells Fargo(PBR30) releases statement regarding its dismissal of SVP & Head of Consumer Lending Franklin Codel regarding a personal communication issue. $WFC PR link.

Cleveland-Cliffs(PBR518) EVP/COO P. Kelly Tompkins to retire effective 12/31/17. $CLF PR link.

The US Dept of Commerce/HUD says US Preliminary October Total Housing Permits Issued Annual Rate is at 1,297,000, +5.9% from September, +0.9% from October 2016HUD PR link.

***Thursday, November 16:

Walmart(PBR1) 3Q18 comp sales up 2.7%, comp traffic up 1.5%, US eCommerce sales up 50%. $WMT PR link.

Pfizer(PBR56) gets US FDA approval for SUTENT® (sunitinib malate) as first and only adjuvant treatment for adult patients at high risk of recurrent renal cell carcinoma. $PFE PR link.

PayPal(PBR252) to sell Synchrony Financial(PBR172 $SYF) $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, and around $1 billion in participation interests in receivables held by certain investors and a financial institution, expects to close 3Q18. In agreement extension Synchrony to also become exclusive US issuer of PayPal Credit for 10 years. $PYPL PR link.

Caesars Entertainment(PBR314) to acquire Centaur Holdings for $1.7 billion, includes Hoosier Park Racing and Casino in Anderson, IN, and the Indiana Grand Racing and Casinoin Shelbyville, IN. $CZR PR link.

Merit Medical(NASDAQ: MMSI), upon Becton Dickinson(PBR318 $BDX) acquisition of CR Bard(PBR637 $BCR), to acquire BD’s Achieve™ Programmable Automatic Biopsy System, Temno™ Biopsy System and Tru-Cut™ Biopsy Needles assets and CRB’s Aspira® Pleural Effusion Drainage Kits and the Aspira® Peritoneal Drainage Systemassets for $100 million. $MMSI PR link.

PVH(PBR328)’s Calvin Klein subsidiary and Amazon(PBR29) Fashion unit announce CALVIN KLEIN X Amazon Fashion holiday retail NYC and Los Angeles pop up stores and online experience through 12/31/17. $PVH PR link.

FIS(PBR394) to sell its SunGard Kingstar Data System (China) Co business to Zhongping Capital, to close 1Q18, terms not disclosed. $FIS PR link.

Barnes & Noble(PBR408) rejects $650 million acquisition proposal by Sandell Asset Management to make company private. $BKS PR link.

SCANA(PBR489) subsidiary to acquire S Carolina 540 megawatt natural gas fired power plant from Columbia Energy for $180 million. $SCG PR link.

SCANA(PBR489) subsidiary proposes $4.8 billion solution to replace the abandoned S Carolina V.C. Summer Station nuclear construction project with 540-megawatt natural-gas-fired power plant and 100 megawatt solar energy facility. $SCG PR link.

Williams-Sonoma(PBR508) to acquire 3-D imaging and augmented reality platform for the home furnishings and décor industry provider Outward for $112 million cash. $WSM PR link.

Iron Mountain(PBR663) to acquire Chineserecords management operations of Santa Fe A/S, includes five facilities in China serving 700 customers, with storage volumes that include one million cubic feet of records and 51,000 data protection assets, terms not disclosed. $IRM PR link.

Insperity(PBR814) to do 2:1 stock split in the form of a 100% stock dividend effective 12/18/17, will also do a special $2/share dividend, authorizes an additional 500,000 shares for share repurchase program, balance available to be 2,800,000 shares after stock split. $NSP PR link.

SL Green Realty(PBR862) to sell midtown Manhattan 36 story 300,000+ sf office building 600 Lexington Avenue for $305 million, to close 1Q18. $SLG PR link.

Griffon Corp(PBR890) to sell its Clopay Plastic Products unit to Berry Global(PBR488 $BERY)for $475 million cash, to close in 1Q18. $GFF PR link.

Meredith Corp(PBR994) Allrecipes.com unit to include Amazon(PBR29)’s AmazonFreshdelivery service option initially in site’s top recipes. $MDP PR link.

Markel(PBR470) EVP/CFO Anne G. Waleski to transition out of CFO role by end of 1Q19, to be succeeded by Jeremy Noble. $MKL PR link.

The Andersons(PBR525) hires Jeffrey Blair as President/Plant Nutrient Group, effective 12/04/17, succeeds retiring Bill Wolf. $ANDE PR link.

Verisk Analytics(PBR943) hires Lee M. Shavel as EVP/CFO, succeeds Eva Huston who will be leaving after 3 months transition. $VRSK PR link.

Tyson(PBR80) appoints Dean Banks, Project Lead for Alphabet(PBR44)’s X ‘moonshot technologies’ unit, to the Board. $TSN PR link.

CBRE(PBR301) appoints Sanjiv Yajnik, President of Capital One(PBR116) Financial Services, to the Board. $CBG PR link.

SunTrust Banks(PBR307) appoints Steve Voorhees, CEO of WestRock(PBR278), to the Board, effective 01/01/18. $STI PR link.

Markel(PBR470) Vice Chairman F. Michael Crowley to retire on 12/31/17. $MKL PR link.

The US Dept of Labor says US Preliminary October Import Prices were +0.2%, September was +0.8%, Last 12 Months +2.5%; October Export Prices were +0.0%, September was +0.7%, Last 12 Months +2.7%. USDOL PR link.

The Federal Reserve Board says US Preliminary October Total Industrial Capacity Utilization was at 77.0%, September was 76.4%, August 76.1%, Capacity Growth Over Previous Year at +1.2%. USFed PR link.

The Federal Reserve Board of Philadelphiasays the US 3rd District November Manufacturing General Activity Indicator is at 22.7, October was 27.9, September 23.8, November 2016 8.7. PhillyFed PR link.

The Natl Assn of Home Builders says US Preliminary November Composite Housing Market Index is at 70, October was 68, September 64, November 2016 63. NAHB PR link.

***Wednesday, November 15:

Amazon(PBR29) Whole Foods unit lowers prices on additional best-selling grocery items and holiday staples, Amazon Prime members get additional discounts, to become Whole Foods Rewards program. $AMZN PR link.

Qualcomm(PBR106) gets US FDA approval for Capsule™ Vitals Plus integrated surveillance solution. $QCOM PR link.

Viacom(PBR212) and Charter Communications(PBR297) do multi-year renewal and expansion of their distribution relationship, as well as a new partnership for the co-production of original content, and collaboration around advanced advertising. $VIA PR link.

Diplomat Pharmacy(PBR515) to acquire $388 million in revenues/year St Louis, MO, based full-service pharmacy benefit manager LDI Integrated Pharmacy Services for $515 million cash plus $80 million in stock. $DPLO PR link.

TimeInc(PBR631) launches new streaming media network Sports Illustrated TV (SI TV), starts 11/16/17 on Amazon(PBR29) Channels, available to Amazon Prime members for $4.99/mo. $TIME PR link.

Trimble Navigation(PBR804) authorizes up to $600 million share repurchase program with no expiration date. $TRMB PR link.

3M(PBRR92) to promote Kristen Ludgate to SVP/Corporate Communications and Enterprise Services, effective 01/01/18, succeeds retiring Kimberly Price. $MMM PR link.

Skechers(PBR808) hires John Vandemore as CFO, will report to COO David Weinberg who had also been acting CFO. $SKX PR link.

Proctor & Gamble(PBR33) announces preliminary proxy vote tabulation results, indicates activist investor Nelson Peltz has won a board seat by .0016% of shares outstanding, results to be finalized in a few weeks. $PG PR link.

The US Dept of Labor says US October Consumer Price Index(All Items) was +0.1%, September was +0.5%, August +0.4%, October 2016 +0.4%, Last 12 Months(Unadjusted) +2.0%. USDOL PR link.

The US Dept of Labor says US Preliminary October Current Average Employee Earnings/Hour is at $26.53, -0.04% from September, +2.4% from October 2016Average Hours Worked/Week at 34.4. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary September Total Manufacturers/Retailers/Wholesalers Saleswere $1.390 trillion, +1.4% from August, +6.4% from September 2016USDOC PR link.

The US Dept of Commerce/Census says US Advance October Total Retail Sales were at $486.6 billion, +0.3% from September, +4.6% from October 2016USDOC PR link.

The Federal Reserve Bank of New York November Empire State Manufacturing Current Business Conditions Index is at 19.4, October was 30.2, September 24.4, November 2016 2.2. NYFed PR link.

***Tuesday, November 14:

CVS Health(PBR11) commits to hiring 5,000 new apprentices by 2022, expands states involved from 11 to 18. $CVS PR link.

Cardinal Health(PBR26) to sell Chinapharmaceutical and medical products distribution business to Shanghai Pharma for $1.2 billion. $CAH PR link.

Cisco(PBR60) announces $1 billion funding for City Infrastructure Financing Acceleration Program to make it easier, faster, and affordable for cities worldwide to fund and adopt technologies to transform their communities. $CSCO PR link.

AGCO(PBR280) terminates tender offer of $7.03/share, $185 million for Brazil based grain storage & handling equipment manufacturer Kepler Weber SA$AGCO PR link.

LAM Research(PBR520) authorizes up to $2 billion share repurchase program over next 12-18 months. $LRCX PR link.

Twitter(PBR735) introduces Twitter premier APIs for developers, priced between free Standard APIs and higher fee based Enterprise APIs, premium Search Tweets API starts at $149/mo. $TWTR PR link.

SL Green Realty(PBR862) to sell 43% stake of 1515 Broadway property in New York City to Allianz Real Estate, values 1.86 million sf, Class-A Times Square office building at $1.950 billion, SLG to realize cash proceeds of $416 million. $SLG PR link.

Marathon Petroleum(PBR23) EVP/Human Resources, Health and Administrative Services Rodney Nichols to retire effective 01/01/18, David R. Sauber to be successor as SVP. $MPC PR link.

Air Products(PBR267) amends, restates, and extends employment agreement to 09/30/22 for Chairman/President/CEO Seifi Ghasemi. $APD PR link.

GameStop(PBR294) CEO J. Paul Raines has reoccurrence of medical issue, seeking treatment, Executive Chairman Daniel DeMatteo adds Interim CEO role. $GME PR link.

Keysight Technologies(PBR660) Ixia Solutions Group president Bethany Mayer to leave effective 12/01/17, Mark Pierpoint to be acting president. $KEYS PR link.

Intl Flavors & Fragrances(PBR666) and Master Perfumer Carlos Benaim celebrate 50 years together. $IFF PR link.

AFLAC(PBR121) director Kriss Cloninger III to retire from the Board, effective 12/31/17; Katherine T. Rohrer, PhD, vice provost emeritus and interim associate dean of the graduate school at Princeton University, is appointed to the Board, effective immediately. $AFL PR link.

Gap Inc(PBR179) appoints Chris O’Neill, CEO of Evernote corporation, to the Board, effective 02/04/18. $GPS PR link.

The US Dept of Labor says US October Total Monthly Final Demand Producer Price Indexis at +0.4%, September was +0.4%, August+0.2%, October 2016 +0.3%, Last 12 Months+2.3%. USDOL PR link.

CoreLogic says US August Housing Loans 30 or More Days Delinquent were at 4.6%, Total in Foreclosure is at 0.6%, August 2016 was 5.2% and 0.9%, respectively. CoreLogic PR link.

***Monday, November 13:

The PBR1000 Top 5 October YTD Stock Price Gainers(Company, Rank by Revenues, Stock Symbol, Stock Price 10/31/17, % Change from 12/31/16) are:

1. Weight Watchers(PBR986), WTW, $44.92, +292%
2. Scientific Games(PBR693), SGMS, $47.60, +240%
3. Systemax(PBR902), SYX, $28.55, +226%
4. Restoration Hardware(PBR810), RH, $89.92, +193%
5. Tronox(PBR820), TROX, $26.47, +157%

Range: +292% to -82%
Number of Companies >0.0%: 650/1,001
Average: +14.75%
Median: +9.85%

Walmart(PBR1) to open a Lord & Taylorflagship shop on Walmart.com in Spring 2018$WMT PR link.

GE(PBR9 $GE) unveils transformation plan, cuts quarterly dividend by 50% to $0.12/share, to reduce board from 18 to 12 members, focus on 3 business areas. MarketWatch PR link.

Marathon Petroleum(PBR23) to drop down refining logistics assets and fuels distribution services to MPLX LP (NYSE: MPLX) for $8.1 billion cash/stock. $MPC PR link.

Amazon(PBR29) to adapt J.R.R. Tolkien’s The Lord of the Rings for television with a multi season production commitment. $AMZN PR link.

Qualcomm(PBR106) board unanimously rejects as significantly undervalued the Broadcom(NASDAQ: AVGO) $60.00/share cash plus $10.00/Broadcom share acquisition offer. $QCOM PR link.

Broadcom(NASDAQ: AVGO) announces it is fully committed to acquisition of Qualcomm(PBR106 $QCOM), even though its $70/share offer has been rejected. $AVGO PR link.

Allergan(PBR219) gets US FDA approval for use of VRAYLAR™ (cariprazine) in the maintenance treatment of schizophrenia. $AGN PR link.

Live Nation(PBR366) TicketMaster unit continues European expansion with launch in Italy$LYV PR link.

NVIDIA(PBR510) introduces world’s most advanced data center GPU — the NVIDIA® Tesla® V100 GPU, based on its Volta architecture, which has been chosen by every major computer maker and cloud provider, for artificial intelligence and high performance computing. $NVDA PR link.

Arthur J Gallagher(PBR515) acquires Westlake Village, CA, based property/casualty insurance agency Associated Insurance Services, terms not disclosed. $AJG PR link.

American Tower(PBR562) India subsidiary to acquire tower businesses of Vodafone India and Idea Cellular for $1.2 billion, includes 20,000 communications sites. $AMT PR link.

GGP(PBR765) confirms receipt of unsolicited $23.00/share, around $21 billion, cash offer from Brookfield Property(NYSE: BPY), special committee formed to review proposal. $GGP PR link.

Pfizer(PBR56) to promote Dr. Albert Bourla to newly created position of COO, effective 01/01/18, additional supporting roles appointments announced. $PFE PR link.

SuperValu(PBR164) promotes Anne Dament to EVP/Retail, Marketing and Private Brands; EVP/General Counsel & Corporate Secretary Karla Robertson leaving, effective 11/17/17, Stuart McFarland to be successor. $SVU PR link.

Weyerhaeuser(PBR355) to promote Devin Stockfish to SVP/Timberlands, effective 01/01/18, succeeds retiring Rhonda Hunter. $WY PR link.

Pentair(PBR363) hires Karla Robertson as corporate EVP/General Counsel & Secretary, and Kelly Baker as EVP/Chief Human Resources Officer/Water, which is to become a separate public company 2Q18. $PNR PR link.

Gannett(PBR414)’s USA TODAY NETWORKreorganizes into two primary businesses, Sharon Rowlands appointed President, Marketing Solutions, and Maribel Perez Wadsworth appointed President & head of Consumer Business, other supporting roles appointments also mentioned. $GCI PR link.

American Axle & Mfg(PBR602) hires David M. Buckley as VP/Strategic & Business Development. $AXL PR link.

TSYS(PBR790) Senior EVP & President/NetSpend Chuck Harris leaving, effective 12/31/17, to become Executive Director of non-profit U of Texas Alumni Association. $TSS PR link.

Apollo Global Mgmt(PBR906) promotes Scott Kleinman and James Zelter to Co-Presidents, effective 01/01/18. $APO PR link.

FTI Consulting(PBR941) hires Leslie Moeller as Chairman of North and South America. $FCN PR link.

Humana(PBR58) elects Karen B. DeSalvo, MD, former Assistant Secretary for Health, US Dept of Health & Human Services, to the Board. $HUM PR link.

Lincoln Financial(PBR213) elects Lynn M. Utter, CEO of First Source, a packager and distributor of confectionery products, nuts, snacks and specialty foods sold to retailers throughout the US, to the Board. $LNC PR link.

The US Dept of Treasury says US October and YTD(1 month) Federal Government Receipts were $235.3 billion, Outlays $298.6 billion, Deficit $63.2 billion, October 2016 Deficit was $45.8 billion. USTreasury PR link.

***Friday, November 10:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 11/10/17:
DJIA ends at 23,422.21, -0.50% from last Friday, +0.19% MTD, +4.54% QTD, +18.52% YTD, -0.60% from record 23,563.36 set 11/08/17.
NASDAQ ends at 6,750.94, -0.20% from last Friday, +0.35% MTD, +3.93% QTD, +25.41% YTD, -0.56% from record 6,789.12 set 11/08/17.
SPX ends at 2,582.30, -0.21% from last Friday, +0.27% MTD, +2.50 QTD, +15.34% YTD, -0.47% from record 2,594.38 set 11/08/17.

Avnet(PBR100) adds $200 million to share repurchase program, balance is now $500 million, no expiration date. $AVT PR link.

Bristol-Myers Squibb(PBR185) gets US FDA expanded use indication of for Sprycel® (dasatinib) tablets to include the treatment of children with Philadelphia chromosome-positive (Ph+) chronic myeloid leukemia (CML) in chronic phase (CP). $BMY PR link.

Praxair(PBR233) merger with Germany based Linde AG(Xetra: LIN) to become a $30 billion/year Linde plc exchange offer minimum ratio exceeds 75% by 11/07/17 deadline, antitrust and regulatory approvals still needed, expects to close in 2H18. $PX PR link.

PayPal(PBR252) discovers vulnerabilities and data security issues in payments processing networks of its recently acquired TIO Networksunit, suspends TIO’s processing services during investigation, no affect on PayPal’s separate networks. $PYPL PR link.

Allison Transmission(PBR865) produces 500,000th fully automatic transmission in its 4000 Series, started in 1993, for commercial-duty vehicles. $ALSN PR link.

Deckers Outdoor(PBR929) stockholders letter encourages voters to re-elect current board, reject Marcato Capital Management nominees, at annual meeting scheduled for 12/14/17. $DECK PR link.

SunCoke Energy(PBR991)Chairman/President/CEO Frederick Henderson to retire effective 12/01/17, Michael Rippey hired to be President/CEO successor, lead director John Rowe to become non-Executive Chairman effective 01/01/18. $SXC PR link.

Simon Property(PBR494) appoints Stefan Selig, former US Undersecretary of Commerce for International Trade and former financial services executive, to the Board. $SPG PR link.

***US Federal Government Offices closed in observance of Veterans Day.
***US Stock Markets are open.

The U of Michigan US Preliminary November Consumer Sentiment Index is at 97.8, Octoberwas 100.7, August 95.1, November 2016 93.8. UMich PR link.

***Thursday, November 9:

The PBR1000 CEO Changes in October 2017(Company, PBR Ranking by Revenues Last Fiscal Year, Stock Symbol, new CEO, CEO Title):

Dentsply Sirona(PBR572), XRAY, Mark Thierer, Interim CEO
H&R Block(PBR668), HRB, Jeff Jones, President/CEO
Kellogg Co(PBR208), K, Steven Cahillane, CEO
Sanmina-SCI(PBR388), SANM, Bob Eulau, President/CEO
Tenet Healthcare(PBR127), THC, Ronald Rittenmeyer, Executive Chairman/CEO
Tiffany & Co(PBR546), TIF, Alessandro Bogliolo, CEO
Vista Outdoor(PBR734), VSTO, Christopher Metz, CEO
Whirlpool(PBR130), WHR, Marc Bitzer, CEO

Kroger(PBR20) hiring an estimated 14,000 part-time and seasonal associates across its family of companies. $KR PR link.

Boeing(PBR27), China announce sale of 300 airplanes valued at $37+ billion during Presidential Trade Mission$BA PR link.

Walt Disney(PBR57 $DIS) to charge ‘substantially’ less than Netflix(PBR447) for streaming, plans new ‘Star Wars’ content.MarketWatch PR link.

Merck(PBR70) gets US FDA Approval of PREVYMIS™ (letermovir) for prevention of Cytomegalovirus (CMV) infection and disease in adult allogeneic stem cell transplant patients. $MRK PR link.

Qualcomm(PBR106) Technologies subsidiary signs 3 non-binding Memoranda of Understandings for total of $12 billion in components sales with Xiaomi, OPPO and vivoas part of a bilateral trade mission in China$QCOM PR link.

Office Depot(PBR182) enters business services sector by completing $1 billion acquisition of $1.1 billion/year 6,000 licensed technicians IT services, products and solutions provider CompuCom Systems$ODP PR link.

NGL Energy(PBR207) to sell its 50% Interest in Glass Mountain Pipeline to an affiliate of BlackRock(PBR252)’s Global Energy and Power Infrastructure Fund for $300 Million. $NGL PR link.

Air Products(PBR267) signs agreement for a $3.5 billion coal-to-syngas production facility to be built in Yulin City, Shaanxi Province, China, as part of the Trade Mission to China led by the US Department of Commerce$APD PR link.

Electronic Arts(PBR527) to acquire Respawn Entertainment, developers of AAA shooter and Titanfall, for $151 million cash plus $164 million in long term equity over 4 years, plus up to $140 million based on performance milestones. $EA PR link.

SemGroup(PBR866) to sell its 50% interest in Glass Mountain Pipeline to an affiliate of BlackRock(PBR252)’s Global Energy and Power Infrastructure Fund in partnership with Navigator Energy Services for $300 million. $SEMG PR link.

Cenveo(PBR899) sells its Quality Park Products with its 2 US manufacturing facilities office products envelope business to LSC Communications (NYSE: LKSD), terms not disclosed. $CVO PR link.

PharMerica(PBR911) stockholders approve $29.25/share, $1.4 billion cash, includes debt, acquisition by KKR(PBR332) with Walgreens Boots Alliance(PBR36) to be a minority investor, to close in early 2018. $PMC PR link.

Stanley Black & Decker(PBR249) hires Dr. Mark Maybury as its first Chief Technology Officer. $SWK PR link.

Range Resources(PBR726) EVP/CFO Roger Manny to retire on 05/16/18, VP/Finance & Treasurer Mark Scucchi to be SVP/CFO successor. $RRC PR link.

Kaman Corp(PBR934) promotes Alphonse J. Lariviere, Jr., to President/Distribution Group, succeeds departed Steven Smidler. $KAMN PR link.

Tenet Healthcare(PBR161) appoints 2 new independent directors, Richard Fisher, former President/CEO of the Federal Reserve Bank of Dallas, and Richard Mark, Chairman/CEO Ameren Illinois Co & former President/CEO of St Mary’s Hospital in E St Louis. $THC PR link.

The US Dept of Commerce/Census says US Preliminary September Total Wholesale Saleswere at $480.5 billion, +1.3% from August, +8.5% from September 2016USDOC PR link.

FreddieMac(PBR41) comments in its November Insight on the growing concern of the US being in a house price bubble. Spoiler alert: ‘Not yet.’ $FMCC PR link.

Brown University study says US war costs since 9/11 are at $4.3 trillion, to be $5.6 trillion by 2018 fiscal year end. BrownU PR link.

***Wednesday, November 8:

The October The PBR1000 Top 5 By Market Capitalization(Company, Rank by Revenues, Stock Symbol, Market Cap on 10/31/17, Stock Price on 10/31/17, YTD Stock Price Change) are:

1. Apple(PBR4), AAPL, $873B, $169.04, +46%
2. Alphabet(PBR27), GOOG, $704B, $1,016.64, +32%
3. Microsoft(PBR28), MSFT, $641B, $83.18, +34%
4. Amazon(PBR12), AMZN, $531B, $1,105.28, +47%
5. Facebook(PBR95), FB, $523B, $180.06, +57%

Range: $873B to $0.01B
Total The PBR1000: $24.859 trillion(1,002 companies), +2.1% from 09/29/17, +13.7% from 12/31/16, +23.4% from 12/31/15
Average: $24.809B;
Median: $6.12B

Apple(PBR5 $AAPL) picks up drama series starring Jennifer Aniston, Reese Witherspoon.MarketWatch PR link.

Boeing(PBR27) completes acquisition of Manassas, VA, based 550 employees across 6 states autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles developer Aurora Flight Sciences, terms not disclosed. $BA PR link.

Amazon(PBR29) to open 4th fulfillment center in Baltimore, MD, area, 855,000 sf in Sparrows Point, to employ 1,500+. $AMZN PR link.

Sears(PBR93) does agreement with Pension Benefit Guaranty Corporation to release approximately 140 Sears properties from ring-fence arrangement in exchange for $407 million of contributions to its pension plans. $SHLD PR link.

Capital One(116 $COF) to stop originating mortgage and home-equity loans, continue to service existing mortgages, to cut 1,100 jobs.MarketWatch PR link.

iHeartMedia(PBR397) in 3Q17 10-Q reportsays seeking to refinance debt obligations, concerned about being a viable concern after next 12 months. $IHRT PR link.

Calumet Specialty(PBR431) completes $435 million cash plus around $60 million for other items sale of Superior, WI, refinery and assets to a Husky Energy unit. $CLMT PR link.

Noble Energy(PBR471) to divest around 30,200 net acres, with approximately 4,100 barrels of oil equivalent per day, from the its non-core DJ Basin position in Weld County, CO, to SRC Energy for $608 million. $NBL PR link.

Activision Blizzard(PBR540)’s Call of Duty®: WWII has surpassed more than $500 million in sell-through worldwide in its first three days of release. $ATVI PR link.

Whiting Petroleum(PBR667) to do 1:4 reverse stock split, effective 11/09/17. $WLL PR link.

EnerSys(PBR776) authorizes new $100 million stock repurchase program, no deadline set. $ENS PR link.

Allison Transmission(PBR865) authorizes additional up to $500 million share repurchase program, balance available is now $1.5 billion through 12/31/19. $ALSN PR link.

Intel(PBR51) hires Raja Koduri as SVP & Chief Architect of new Core and Visual Computing Group, to start in early 12/17. $INTC PR link.

Tyson(PBR80) hires Stewart F. Glendinning as CFO, effective 02/10/17, joins company 12/11/17, to succeed Dennis Leatherby. $TSN PR link.

Tapestry(PBR496)’s Kate Spade unit hires Nicola Glass as Creative Director, succeeds Deborah Lloyd who is leaving in 2018. $TPR PR link.

Molson Coors(PBR558) International unit President/CEO Stewart Glendinning departing effective 12/08/17. $TAP PR link.

Comerica(PBR740) EVP/CFO David Duprey to retire in early 2018, EVP/Chief Accounting Officer Muneera Carr to be promoted to EVP/CFO on 01/23/18. $CMA PR link.

Kohl’s(PBR149) elects H Charles Floyd, global president of operations at Hyatt Hotels(PBR537), to the Board. $KSS PR link.

Electronic Arts(PBR527) appoints Heidi Ueberroth, currently President of Globicon and former NBA executive, to the Board. $EA PR link.

Endo Intl(PBR700) appoints Sharad S. Mansukani, MD, to the Board; Douglas S. Ingram resigns from the Board per his appointment as President/CEO of Sarepta Therapeutics. $ENDP PR link.

Alexion Pharmaceutical(PBR840) appoints Francois Nader, MD, former senior executive for NPS Pharma, to the Board. $ALXN PR link.

***Tuesday, November 7:

The PBR1000 Top 5 October Stock Price Gainers since 12/31/15(Company, Rank by Revenues, Stock Symbol, Stock Price 10/31/17, % Change from 12/31/15) are:

1. Chemours(PBR447), CC, $56.61, +956%
2. Tronox(PBR820), TROX, $26.47, +577%
3. NVIDIA(PBR362), NVDA, $206.81, +527%
4. Scientific Games(PBR693), SGMS, $47.60, +431%
5. Navistar(PBR316), NAV, $42.31, +379%

Range: +956% to -90%
Number of Companies >0,0%: 737/998
Average: +28.3%; Median: +31.19%

Alphabet(PBR44)’s Waymo unit to test fully self driving cars in the Phoenix metro area. $GOOG PR link.

Intel(PBR51) gets multi-year partnership to be exclusive provider of virtual reality and 360-degree volumetric video for official NBA broadcast partners worldwide. $INTC PR link.

NGL Energy(PBR207) to sell portion of its Retail Propane Business across 10 states to a DCC plc division for $200 million cash, to close 03/31/18. $NGL PR link.

ADP(PBR235) shareholders re-elect all 10 ADP board members at 2017 Annual Meeting, Pershing Square‘s 3 nominees are shut out after receiving under 20% of vote of outstanding shares. $ADP PR link.

Discover Financial(PBR286) in conjunction with FOX Sports is named official credit card of the 14 school The Big Ten Conference, is first presenting sponsor of The Big Ten Football Championship game. $DFS PR link.

Twitter(PBR735) expands tweet maximum length from 140 characters to 280 for most languages. $TWTR PR link.

Lands’ End(PBR976) becomes official outfitter for The Weather Channel in 2 year partnership. $LE PR link.

Meritor(PBR639) appoints Rodger L. Boehm, retired senior partner of McKinsey & Company, to the Board, effective 12/01/17. $MTOR PR link.

SeaWorld(PBR948) appoints Scott Ross, Founder/Managing Partner of Hill Path Capital LP and former Partner at Apollo Global Mgmt(PBR906), to the Board. $SEAS PR link.

The US Dept of Labor says US Preliminary September Total Job Openings were at 6,093,000, +0.1% from August, +7.5% from September 2016USDOL PR link.

The US Federal Reserve Board says US Preliminary September Total Consumer Credit Debt was at $3.788 trillion, +0.6% from August, +3.9% YTD, +5.6% from September 2016USFED PR link.

FannieMae(PBR17) says the US October Home Purchase Sentiment Index is at 85.2, September was at a record 88.3, August 88.0, October 2016 81.7. FNMA PR link.

The Purdue/CME Group US October Ag Economy Barometer is at 135, September was 132, August 132, October 2016 92. Purdue/CME Group PR link.

***Monday, November 6:

The PBR1000 October 2017 Snapshots edition has been released and sent to Subscribers. To become a Subscriber just click here.

McKesson(PBR6) to acquire RxCrossroads, a provider of tailored services to pharmaceutical and biotechnology manufacturers, from CVS Health(PBR11) for $735 million. $MCK PR link.

CVS Health(PBR11) to deliver prescriptions to customers’ doors with nationwide next-day delivery and same-day delivery in select markets starting in early 2018. $CVS PR link.

Humana(PBR58) to exit commercial long-term care insurance business in sale of its 30,100 members KMG wholly owned subsidiary to Continental General Insurance Company, to record a net loss of $400 million, expects to close 3Q18. $HUM PR link.

Sprint(PBR86) and Altice USA (NYSE: ATUS)announce new multi-year strategic agreement, Altice USA to utilize Sprint’s network to provide mobile voice and data services to its US customers, Sprint will leverage Altice USA broadband platform to accelerate network densification. $S PR link.

T-Mobile US(PBR95) and Sprint(PBR86) jointly announced that they have ceased talks to merge as the companies were unable to find mutually agreeable terms. $TMUS PR link.

Broadcom(NASDAQ: AVGO) proposes to acquire Qualcomm(PBR106 $QCOM) for $70.00/share cash/stock in transaction valued at $130 billion. $AVGO PR link.

CBS(PBR210) 3Q17 report says purchasing a group annuity contract, insurance company to pay/administer pension payments to certain pension plan participants, will decrease pension obligations by $800 million, represents 20% of total pension plans obligations. $CBS PR link.

Symantec(PBR385) acquires SurfEasy from Opera Software, provides Virtual Private Network (VPN) services for online privacy and security on smartphones, tablets and computers, terms not disclosed. $SYMC PR link.

AMD(PBR445) provides Intel(PBR51) with a semi-custom Radeon™ graphics chip to integrate with Intel’s Core processor, and second generation High Bandwidth Memory into a smaller faster single package, for use in gaming and graphics applications. $AMD PR link.

Netflix(PBR447 $NFLX) cuts ties with ‘House of Cards’ star Kevin Spacey, cancels Spacey’s ‘Gore’ movie, after sexual assault allegations.MarketWatch PR link.

Salesforce(PBR453) to integrate Alphabet(PBR44)’s Google Analytics into its products in strategic partnership. $CRM PR link.

QuintilesIMS(PBR455) renames itself IQVIA, retains NYSE stock symbol Q$Q PR link.

Arthur J Gallagher(PBR515) acquires Pittsburgh, PA, based international ecommerce national program broker Allied Business Network and Smart Business Savings, terms not disclosed. $AJG PR link.

AmTrust Financial(PBR564) to retain 49% stake in sale of a portion of its US fee business to Madison Dearborn Partners for $1.15 billion. $AFSI PR link.

Keysight Technologies(PBR660) reopens Santa Rosa, CA, corporate headquarters after being temporarily closed due to the N California wildfires, reaffirms 4Q17 guidance. $KEYS PR link.

Weight Watchers(PBR988) end of 3Q17 subscribers up by 18.4% year-over-year to 3.4 million. $WTW PR link.

Cardinal Health(PBR26) CFO Mike Kaufmann to become CEO on 01/01/18, succeeds George Barratt who will be Executive Chairman through 11/18, SVP/CFO Medical unit Jorge Gomez to become CFO. $CAH PR link.

Anthem(PBR38) elects Gail K. Boudreaux as President/CEO, effective 11/20/17, succeeds Joseph R. Swedish who will become Executive Chairman until 05/18, then senior advisor through 05/20. $ANTM PR link.

HollyFrontier(PBR140) appoints Anne-Marie N. Ainsworth, a senior oil industry executive, and Anna C. Catalano, a former BP executive, to the Board. $HFC PR link.

Tractor Supply(PBR436) appoints Thomas A. Kingsbury, Chairman/President/CEO of Burlington Stores(PBR433), to the Board. $TSCO PR link.

H&R Block(PBR669) elects Matthew Winter, President of Allstate(PBR84), to the Board. $HRB PR link.

The Federal Reserve Bank of New YorkPresident/CEO William C. Dudley to retire mid 2018, successor search starts. NYFED PR link.

***Friday, November 3:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 11/03/17:
DJIA ends at record 23,539.19, +0.45% from last Friday, +0.69% MTD, +5.06% QTD, +19.11% YTD, +0.00% from record 23,539.19 set 11/03/17.
NASDAQ ends at record 6,764.44, +0.94% from last Friday, +0.55% MTD, +4.13% QTD, +25.66% YTD, +0.00% from record 6,764.44 set 11/03/17.
SPX ends at record 2,587.84, +0.26% from last Friday, +0.49% MTD, +2.72 QTD, +15.59% YTD, +0.00% from record 2,587.84 set 11/03/17.

Kroger(PBR20) to roll out new Our Brandmodern lifestyle apparel in 300 stores in the fall of 2018. $KR PR link.

Navient(PBR443) completes $155 million cash acquisition of financial technology and education finance company Earnest, includes more than $500 million in education refinancing loans. $NAVI PR link.

Rent A Center(PBR657) receives conditional, non-binding proposal from Vintage Capital Management to acquire all of the outstanding shares of RAC for $13.00/share cash. $RCII PR link.

Bon-Ton Stores(PBR707) to start trading on OTCQX Best Market exchange starting 11/09/17, to keep using BONT stock symbol. $BONT PR link.

JCPenney(PBR234) reorganizing Merchandising, Chief Merchant John Tighe is leaving, position is being eliminated, department SVPs now reporting to CEO. $JCP PR link.

W.R. Grace(PBR625) CEO Fred Festa to step down in 4Q18, will remain as non-executive Chairman, President/COO Hudson La Force elected to the Board. $GRA PR link.

The US Dept of Labor says US October Employed Civilian Labor Force was at 153.9 million, -484,000 from SeptemberUnemployedat 6.520 million, Unemployment Rate at 4.1%, September was 4.2%, October 2016 4.8%. USDOL PR link.

The US Dept of Commerce says US September Total Exports were $196.8 billion, YTD(9 months) $1.741 trillion, Imports $240.3 billion, YTD $2.146 trillion, Deficit $43.5 billion, YTD Deficit $405.1 billion, September 2016 YTD Deficit was $370.8 billion. USDOL PR link.

The US Dept of Commerce/Census says US September Manufacturers’ Total New Orderswere $478.5 billion, +1.4% from August, +4.7% from September 2016USDOL PR link.

The ISM US October Non-Manufacturing Index(>50% Economy Growing) is at 60.1%, September was 59.8%, August 55.3%, October 2016 54.8%. ISM PR link.

The IHS Markit US October Composite PMI Index is at 55.2, September was 54.8, August55.3, October 2016 54.9. IHS Markit PR link.

***Thursday, November 2:

Microsoft(PBR29) to purchase 100% of the wind energy generated from a repowered and expanded 180-megawatt wind farm by its local datacenter operations in Wieringermeer Polder, near Amsterdam, will be constructed and operated by Nuon, part of Vattenfall, to be operational in 2019. $MSFT PR link.

DowDuPont(PBR48) to reduce expenses by $3 billion, includes procurement synergies, global workforce reductions, buildings and facilities consolidations and select asset shutdowns. $DWDP PR link.

DowDuPont(PBR48) authorizes $4 billion share repurchase program, no expiration date set. $DWDP PR link.

AutoNation(PBR148) gets multi-year service agreement with Alphabet(PBR44)’s Waymo to provide strategic capabilities to maximize self-driving vehicles’ lifetime across the US. $AN PR link.

Starbucks(PBR178) selling Tazo brand assets to Unilever for $384 million, will focus on single tea brand Teavana$SBUX PR link.

VF Corp(PBR232) to acquire private Auckland, New Zealand, based $150 million revenues/year 340+ employees natural materials high-performance outdoor clothing company Icebreaker Holdings, terms not disclosed. $VFC PR link.

TreeHouse Foods(PBR690) authorizes open ended $400 share repurchase program. $THS PR link.

HCP(PBR834) announces transactions to further reduce Brookdale Senior Living(PBR587)portfolio concentration. $HCP PR link.

Blackhawk Network(PBR998) gets new long-term agreement with Kroger(PBR20 $KR) to provide in-store and digital gift card services. $HAWK PR link.

Biogen(PBR282) hires Chirfi Guindo as EVP & Head of Global Marketing, Market Access, and Customer Innovation. $BIIB PR link.

Gannett(PBR414) President/Domestic Publishing & Publisher/USA TODAY John Zidich to retire on 04/03/18 after over 40 years with the company. $GCI PR link.

TreeHouse Foods(PBR690) President Robert Aiken resigns, Chairman/CEO Sam Reed to also assume President role, search for new CEO starts. $THS PR link.

Invacare(PBR984) SVP/CFO Robert K. Gudbranson leaving to pursue another opportunity, interim CFO appointed, search starts. $IVC PR link.

MSCI(PBR986) promotes COO Baer Pettit to President, Chief Client Officer Laurent Seyer adds COO role. $MSCI PR link.

MSCI(PBR986) appoints Marcus Smith, recently retired executive of MFS Investment Management(Canada), to the Board. $MSCI PR link.

The US Dept of Labor says US Preliminary 3Q17 Labor Productivity Output/Hr-All Persons Annual Rate was +3.6%, 2Q17 was +1.4%, 3Q16 +2.7%. USDOL PR link.

Holiday Shopping Forecast: Adobe Systems(PBR557) predicts holiday online sales will be $107.4 billion, +13.8% over 2016,in-store retail +10.0%. $ADBE PR link.

***Wednesday, November 1:

MetLife(PBR39) authorizes new $2 billion share repurchase program, also intends to divest its remaining Brighthouse Financial, Inc. (NASDAQ: BHF) common stock through an exchange offer for MetLife common stock during 2018. $MET PR link.

American Express(PBR83) is exclusive US issuers for Hilton(PBR262) Honors co-branded credit cards, introduces 4 new card types. $AXP PR link.

CenturyLink(PBR160) completes $66.50/share, $34 billion acquistion of Level 3 Communications(PBR375)$CTL PR link.

Owens & Minor(PBR292) to acquire the $1 billion revenues/year surgical and infection prevention (“S&IP”) business of Halyard Healthfor approximately $710 million in cash. $OMI PR link.

Dover(PBR343) completes sale of subsidiary Warn Co, 350+ employees designer, manufacturer and marketer of high performance vehicle equipment and accessories, to LKQ(PBR376), terms not disclosed. $DOV PR link.

Fifth Third Bancorp(PBR387) completes acquisitions of Epic Insurance Solutions and Integrity HR, follows acquisitions of RG McGraw Insurance Agency and The Retirement Corporation of America. Terms not disclosed. $FITB PR link.

FMC Corp(PBR566) completes $1.2 billion cash acquisition of certain assets of DuPont Crop Protection business, also completes sale of FMC Health and Nutrition to DuPont. $FMC PR link.

Pitney Bowes(PBR588) reports 3Q17 financial results, says time to explore a broad range of strategic alternatives. $PBI PR link.

Crown Castle(PBR603) completes $7.1 billion cash acquisition of 32,000 miles of fiber in NE US major metro areas LTS Group Holdings, aka Lightower$CCI PR link.

Carlisle Cos(PBR650) completes $670 million cash acquisition of Maryland Heights, MO, based $430 million revenues/year polyurethane products and solutions provider Accella Performance Materials from Arsenal Capital Partners$CSL PR link.

Tesla(PBR651) in 3Q17 reports record sales of Model S & X cars, sold 250,000th vehicle in 3Q17, still ramping up Model 3 manufacturing lines, batteries are the current bottleneck. $TSLA PR link.

Intl Flavors & Fragrances(PBR666) extends current share repurchase program to $300 million through 2022. $IFF PR link.

Greenbrier(PBR846) Management Servicesunit now manages 355,000 railcars in the US, over 20% of the total N American railcar fleet. $GBX PR link.

Fitbit(PBR870) releases 3Q17 report, says sold 3.6 million devices in 3Q17 compared to 5.3 million in 3Q16, 10.0 million devices through 9 months compared to 15.8 million in 2016. $FIT PR link.

Sinclair Broadcast Grp(PBR894) releases 3Q17 report, says it expects to close on $43.50/share, $3.9 billion cash/stock, plus assumption of $2.7 billion of debt acquisition of Tribune Media(NYSE: TRCO) in early 2018, pending regulatory approvals. $SBGI PR link.

Cooper Cos(PBR950) completes $1.1 billion cash acquisition of $168 million in sales/2017 PARAGARD® Intrauterine Device (IUD)business from Teva Pharmaceutical(NYSE: TEVA)$COO PR link.

New York Times(PBR971) says it has paid digital-only subscriptions totaling approximately 2,487,000, 154,000 added during 3Q17. $NYT PR link.

Viacom(PBR212) hires Kelly Day as President of new unit Viacom Digital Studios. $VIA PR link.

Intuit(PBR529) hires Diego Rodriguez as EVP/Chief Product and Design Officer, effective 11/06/17. $INTU PR link.

Groupon(PBR652) hires Steve Krenzer as COO. $GRPN PR link.

Manpower(PBR132) elects Michael Van Handel, retired CFO of Manpower, to the Board, effective 12/11/17. $MAN PR link.

FIS(PBR394) appoints Louise Parent, former EVP/General Counsel of American Express(PBR83), to the Board. $FIS PR link.

AMD(PBR445) appoints Mark Durcan, former CEO of Micron Technology(PBR610) to the Board. $AMD PR link.

Groupon(PBR652) appoints Deborah Wahl, most recently SVP/Chief Marketing Officer of McDonald’s(PBR101) USA to the Board; Brad Keywell and Jeff Housenbold will depart the Board. $GRPN PR link.

Xilinx(PBR809) appoints Mary Louise (ML) Krakauer, recently retired EVP/CIO of Dell Computer, and COO Victor Peng to the Board. $XLNX PR link.

MSA Safety(PBR996) elects Sandra Phillips Rogers, Group VP/General Counsel, Chief Legal Officer and Corporate Secretary for Toyota Motor North America, to the Board. $MSA PR link.

Federal Open Market Committee releases statement from meetings held 10/31-11/01/17, Federal Funds Short Term Interest Ratesremain at 1.00-1.25%, says labor market has continued to strengthen, economic activityrising at a solid rate despite hurricane-related disruptions. FOMC PR link.

The US Dept of Commerce/Census says US Preliminary September Total Construction Spending Annual Rate is at $1.220 trillion, +0.3% from August, +2.0% from September 2016USDOC PR link.

ADP(PBR235) says US October Non-Farm Private Sector Employment was +235,000, Small Businesses were +79,000, Midsized+66,000, Large +90,000; Goods Producingwere +85,000, Services +150,000. $ADP PR link.

ISM says US October ISM Manufacturing PMI Index is at 58.7%, September was 60.2%, August 58.8%, October 2016 51.9%. ISM PR link.

IHS Markit says US October Manufacturing PMI Index is at 54.6, September was 53.1, August 52.8, October 2016 53.4. IHS Markit PR link.

Automotive News says US October New Light Vehicles Sold were at 1,329,802 units, -12.8 from September, -1.0% from October 2016Annual Rate at 17,600,000 units, Average Transaction Price $35,263(Kelley Blue Book), Average Incentive Outlay $3,820. AutoNews PR link.

Sports: The Major League Baseball World Series ends with Game 7 in Los Angeles and the Houston Astros scoring early and winning 5-1 against the Los Angeles DodgersMLB PR link.

***Tuesday, October 31:

The PBRMarketTools US Stock Exchanges Recap for October Ending 10/31/17:
DJIA ends at 23,377.24, -0.24% from last Friday, +4.34% MTD/QTD, +18.29% YTD, -0.28% from record 23,441.76 set 10/24/17.
NASDAQ ends at record 6,727.67, +0.39% from last Friday, +3.57% MTD/QTD, +24.98% YTD, +0.00% from record 6,727.67 set 10/31/17.
SPX ends at 2,575.26, -0.23% from last Friday, +2.22% MTD/QTD, +15.03% YTD, -0.23% from record 2,581.07 set 10/27/17.

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-444-2519.

Don’t forget to follow us on Twitter at @ThePBR1000.

(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

(Image courtesy of FreeDigitalPhotos.net, Stuart Miles.)

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-444-2519.

Don’t forget to follow us on Twitter at @ThePBR1000.

(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

(Image courtesy of FreeDigitalPhotos.net, sheelamohan.)

Copyright © 2017 by Pax Business Resources, LLC, 6200 N Oracle Rd #276, Tucson, AZ  85704, 520-444-2519

 

The PBR1000 October 2017 Stocks & Commodities Snapshots

October 2017: Stocks Have A Nice Gain To Start 4Q17.

Business Bull-ddpavumba ID-100185941

The Stock Market Bull had an excellent October.  Does he have the stamina to continue the run through the end of 2017 and into 2018?

By Larry C. Paxton

Stocks had a nice start to the new quarter, and there are some good reasons why. The economy continues to grow at a steady modest/moderate rate with some indications that it is strengthening. Unemployment is low, manufacturing and services industries continue to show growth, housing is in demand and inventories are low which will trigger growth in construction, consumer confidence indices are positive, just to name a few key economic drivers.

Many of President Trump’s promised initiatives are still mired in the mud pits of Congress, and perhaps rightfully so because they will cause significant change. But there does seem to be a possibility that tax reform could become a reality before the end of the year and that is creating some optimism as well.

There are, of course, also unpredictable counter forces. Natural disasters, geopolitical events, a burst of social upheavals caused by the increasing gap between the “haves” and “have nots.”

We have entered the favorite time of year for retailers. Forecasts are optimistic that consumers are anxious to use their new mobile and online purchasing tools to buy more than ever before.

What does that mean for investors in stocks? Many experts say that the US Stock Market Bull run that has lasted for several years must slow down, but others continue to say that the Bull is strong and has the endurance to run for a lot longer.

So, place you bets one way or the other. If you are undecided, then flip a coin, and flip it again to check your answer. However way you choose, we wish you the best! We also believe that a The PBR1000 Annual Subscription is a great investment in a tool to increase your probability of success, as has been proven over the years.

The US Major Stock Market Exchanges October Summary

Number of Trading Days: 22

Number of Gain(+)/Loss(-) Days: DJIA 16+/6-; NASDAQ 14+/8-; SPX 16+/6-.

Record Days: DJIA 12, NASDAQ 12, SPX 10

Longest Gain Streak(Consecutive Days): DJIA 7(09/27/17-10/05/17), NASDAQ 9(09/26/17-10/06/17), SPX 8(09/26/17-10/05/17)

Longest Loss Streak(Consecutive Days): DJIA 2(10/06/17-10/09/17), NASDAQ 2(10/26/17-10/27/17), SPX 2(10/06/17-10/09/17)

Big Swing Up Days(>1.00%): 1, 10/27/17(NASDAQ +2.20%): Strong technology sector earnings reports.

Big Swing Down Days(<-1.00%): None

The PBR1000 October Snapshots

The following are Top 5 partial tables excerpts from The PBR1000 October Snapshots. The price for stocks is for the close of trading on October 31, Month % Chg is compared to September 29YTD % Chg is compared to December 31, 2016, and the 22 Months % Chg is compared to December 31, 2015. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 2 month or significantly discounted 12 month subscription and automatically download the October 2017 edition with the complete 15 Snapshots and 25 rankings.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +74% to -64%. 593 out of 1,002 stocks were up 0% or more. The average was a gain of 2.0%, the median was a gain of 1.3%.

Company PBR
Rank
Symbol Price
10/31/17
Mo
% Chg
YTD
% Chg
22 Mos
% Chg
Bon-Ton Stores
714 BONT 0.75 +74 -49 -64
CalAtlantic
388 CAA 49.34 +35 +45 +30
Babcock & Wilcox
913 BW 4.38 +32 -74 -79
Restoration Hardware
810 RH 89.92 +28 +193 +13
Skechers USA
591 SKX 31.92 +27 +30 +6

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +292% to -82%650 out of 1,001 stocks were up 0% or more. The average was a gain of 14.8%, the median was a gain of 9.9%.

Company PBR
Rank
Symbol Price
10/31/17
Mo
% Chg
YTD
% Chg
22 Mos
% Chg
Weight Watchers
986 WTW 44.92 +3 +292 +97
Scientific Games
693 SGMS 47.60 +4 +240 +431
Systemax 902 SYX 28.55 +8 +226 +232
Restoration Hardware
812 RH 89.92 +28 +193 +13
Tronox  820 TROX 26.47 +25 +157 +577

Table 3(S13): The PBR1000 Top 5 22 Months Stock Price % Gainers

Table 3 Summary: The range was +956% to -90%737 out of 998 stocks were up 0% or more. The average was a gain of 28.3%. The median was a gain of 31.2%.

Company PBR
Rank
Symbol Price
10/31/17
Mo
% Chg
YTD
% Chg
22 Mos
% Chg
Chemours 447 CC 56.61 +12 +156 +956
Tronox
820 TROX 26.47 +25 +157 +577
NVIDIA 362 NVDA
206.81 +16 +94 +527
Scientific Games 693 SGMS 47.60 +4 +240 +431
Navistar
316 NAV 42.31 -4 +35 +379

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $873.13 billion to $0.01 billion. The average is $24.9 billionmedian is $6.1 billion, out of 1,002 companies.

Company PBR
Rank
Symbol Market Cap($B)
10/31/17
Mo
% Chg
YTD
% Chg
22 Mos
% Chg
Apple
4 AAPL 873.13 +10 +41 +49
Alphabet
27 GOOG 704.41 +6 +32 +35
Microsoft
28 MSFT 640.67 +12 +33 +45
Amazon 12 AMZN 530.95 +15 +49 +68
Facebook 95 FB 522.93 +5 +58 +77
The PBR1000
  24,859.42 +2 +14 +23

Table 5: The PBR1000 Index & Selected Stock Exchanges/Commodities

Company Price
10/31/17
Mo
% Chg
YTD
% Chg
22 Mos
% Chg
The PBR1000 84,470.31 +2.0 +14.8 +28.3
DJIA 23,377.24 +4.3 +18.3 +34.2
NASDAQ 6,727.67 +3.6 +25.0 +34.4
S&P500 2,575.26 +2.2 +15.0 +26.0
GOLD 1,270.50 -0.9 +10.3 +19.8
SILVER 16.69 +0.0 +4.4 +21.0
OIL            54.38 +5.3 +1.2 +46.8

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-282-4100.

Don’t forget to follow us on Twitter at @ThePBR1000.

(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

(Image courtesy of FreeDigitalPhotos.net, ddpavumba.)

The PBR1000 October 2017 Breaking News Recap

October 2017: The Last Quarter Starts

Economy Magnifier-Stuart Miles ID-100460418

The economy is the key indicator, and it continues to look good.

By Larry C. Paxton

The US economy showed no signs of letting up on its modest/moderate growth during October, though most of the data was prior to, or just after, the devastating hurricanes that hit the US and its territories in recent months. Nevertheless, economists seemed to be of the opinion that the rebuilding would mostly cancel out any temporary negative effects. The US stock exchanges had an excellent month, which perhaps helps validate that thought. The persistent question is how long can the run of the Stock Market Bull continue? 

The PBR1000 companies continued to plod ahead without too many surprises. Retailers are making final preparations for the holiday buying season. It will be interesting to see what the ‘Amazon Effect’ is this year, but there is a sense there are some retailers who are finding ways to compete.

It continues to be hard to gauge the effects of President Trump’s agenda and the related actions of Congress on critical items, but some key issues will become prominent, especially as we enter the season for mid-term elections. 

The world was relatively calm with fewer natural disasters, a toned down N Korea, and some key elections held in Japan and China that solidified leadership.

Here’s a quick October 2017 summary on items reported that relate to The PBR1000:

The PBR1000 Mergers & Acquisitions: 24 deals worth at least $1 billion initiated, closed, or updated. Total transaction value was $199 billion.

The PBR1000 Spinoffs: 4

The PBR1000 Share Repurchase Programs: 10 announcements, total $32.2 billion.

The PBR1000 Bankruptcies: 1 initiated or updated

The PBR1000 CEO Changes: 11 announced.

Jobs/Wages: 4.2% unemployment rate, modest wage growth.

US Economy: Modest/moderate growth continues, stable but fragile.

Federal Reserve Federal Funds Rate Changes: No change, remains 1.00-1.25%, an increase possible at FOMC meeting in December, 2017.

US Stock Market Exchanges: All three US major stock exchanges established new closing records during the month. The Stock Market Bull easily won October(See The PBR1000 October Stocks/Commodities Snapshots blog post.)

The PBR1000 Additions: 3, Chemours(PBR447 $CC), First Data Corp(PBR231 $FDC), Michael Kors(PBR519 $519).

The PBR1000 Removals: 1, West Corp(PBR787 $WSTC), acquired by Apollo Global Management(PBR843 $APO).

US News:  Las Vegas concert shooting; President Trump visits hurricane ravaged Puerto Rico, Las Vegas after shooting; House and Senate pass budget proposal; California wildfires; Hurricane Nate; Harvey Weinstein and other notables sexual harassment scandals; President Trump decertifies Iranian nuclear treaty; NAFTA talks pushed into 2018; President Trump declares opioid crisis; partial release of JFK assassination papers; Manhattans killed in truck incident; Russian involvement in US election investigation still in progress.

International News: Catalan votes for independence from Spain; Japan earthquake; Brexit issues; Japan snap election, Abe gets decisive win; China election, Xi extends powerbase; European Central Bank extends quantitative easing program by 9 months; Australian government loses majority.

The PBR1000 October Breaking News Items

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for October 2017, starting with the last active business day.

***Tuesday, October 31:

The PBRMarketTools US Stock Exchanges Recap for October Ending 10/31/17:
DJIA ends at 23,377.24, -0.24% from last Friday, +4.34% MTD/QTD, +18.29% YTD, -0.28% from record 23,441.76 set 10/24/17.
NASDAQ ends at record 6,727.67, +0.39% from last Friday, +3.57% MTD/QTD, +24.98% YTD, +0.00% from record 6,727.67 set 10/31/17.
SPX ends at 2,575.26, -0.23% from last Friday, +2.22% MTD/QTD, +15.03% YTD, -0.23% from record 2,581.07 set 10/27/17.

IBM(PBR25) authorizes additional $3 billion for share repurchase program, balance is now $4.5 billion. $IBM PR link.

Amazon(PBR29) to open new fulfillment center in Macon, GA, to create 500+ fulltime positions. $AMZN PR link.

Walgreens Boots Alliance(PBR36) completes 10 year global agreement for Fareva to take ownership of BCM, Walgreens Boots Alliance’s contract manufacturing business, which operates factories in the UK, France and Germany, for the manufacture and supply of own beauty brands and private label products, including products for sale in the USA$WBA PR link.

Energy Transfer Equity(PBR52) Partners unit completes $1.57 billion sale of its 32.44% stake in Rover Pipeline Project to Blackstone(PBR352) Energy Partners$ETE PR link.

HCA(PBR75) authorizes additional up to $2 billion share repurchase program, balance now is $2.15 billion. $HCA PR link.

Amgen(PBR135) and Kirin Holdings joint venture Kirin-Amgen to become a wholly owned subsidiary of Amgen, $780 million payment to be funded from joint venture cash holdings. $AMGN PR link.

ADP(PBR235) to submit complaint to SEC claiming Pershing Square‘s Bill Ackman statements have been false and misleading during proxy battle for 11/07/17 annual meeting. $ADP PR link.

Stanley Black & Decker(PBR240) to open in early 2018 a new 300,000 sf manufacturing facility in Mission, TX, to create 450 jobs. $SWK PR link.

Hormel Foods(PBR293) to acquire premium deli meat and salami $300 million revenues/year company Columbus Manufacturing from Arbor Investments for $850 million. $HRL PR link.

Mylan(PBR346) responds to proposed amendments to civil complaint filed in US District Court against Mylan and 17 other pharmaceutical companies regarding price fixing, denies charges, plans to defend. $MYL PR link.

Symantec(PBR385) completes $950 million sale of its Website Security and related PKI solutions to Lehi, UT, based DigiCert, gets about a 30% equity stake in DigiCert common stock, part of Symantec plan to be focused on cloud generation Integrated Cyber Defense Platform$SYMC PR link.

Netflix(PBR447 $NFLX) suspends production of its popular ‘House of Cards’ for season 6 amid a sexual assault allegation against its star Kevin Spacey. MarketWatch PR link.

Envision Healthcare(PBR581) 3Q17 report says operations disrupted by Hurricanes Harvey & Irma, initiates a full review of a broad range of alternatives. $EVHC PR link.

MRC Global(PBR664) elects Deborah Adams, former Phillips 66(PBR7) executive, to the Board. $MRC PR link.

The US Dept of Treasury says US National Debt on 10/30/17 was $20.453 trillion, +1.0% from 09/29/17, +2.4% Calendar YTD, +3.3% from 10/31/16Treasury PR link.

The US Dept of Labor says US 3Q17 Employment Cost Index for All Civilian Laborers(2005=100) is at 130.6, 2Q17 was 129.7, 3Q16 127.4. USDOL PR link.

The US Dept of Commerce/Census says US 3Q17 Total Housing Units at 136.7 million, Occupied at 119.1 million, Occupancy Rate87.1%, Owner Occupied at 76.1 million, Renter Occupied 42.9 million, Home Ownership Rateat 63.9%, 2Q17 was 63.7%, 3Q16 63.5%. USDOL PR link.

The Federal Reserve Bank of Chicago says 7th District Preliminary September Midwest Economic Index is at +0.09, August was +0.08, July +0.28, September 2016 -0.05. ChiFed PR link.

The Conference Board US Preliminary October Consumer Confidence Index(1985=100) is at 125.9, highest since 12/2000, September was 120.6, October 2016100.8. TCB PR link.

The MNI Chicago October Business Barometer hits 66.2, highest since 03/11, September was 65.2, August 58.9, October 2016 50.6. MNI/ISM Chicago PR link.

The US August S&P CoreLogic Case-Shiller National Home Price Index(01/2000=100) is at 195.05, July was 194.01, June 192.66, August 2016 183.88. Case-Shiller PR link.

The American Automobile Assn says US Average Regular/Gallon Gas Price on 10/31/17 was $2.469, -3.9% from 09/29/17, +11.7% from 10/31/16AAA PR link.

***Monday, October 30:

Amazon(PBR29) to move Amazon Studios, IMDb, Amazon Video and World Wide Advertising units into historic Hollywood location 280,000 sf The Culver Studios$AMZN PR link.

Johnson & Johnson(PBR37)’s Janssen unit receives US FDA approval for new 10 mg dosing for XARELTO® (rivaroxaban) to reduce the continued risk of Venous Thromboembolism (VTE). $JNJ PR link.

Andeavor(PBR71) completes incentive distribution rights for 59% buy-in after Andeavor Logistics(NYSE: ANDX) completes acquisition of Western Refining Logistics(NYSE: WNRL) for $1.7 billion(includes debt). $ANDV PR link.

CenturyLink(PBR160) gets last required regulatory approval for $66.50/share, $34 billion acquisition of Level 3 Communications(PBR375) from the US Federal Communications Commission, to close transaction on 11/01/17. $CTL PR link.

JCPenney(PBR234) partners with LEGO to offer LEGO building bricks and playsets in 875 toy shops inside JCPenney stores starting in November and online in December. $JCP PR link.

Lennar(PBR340) to acquire CalAtlantic(PBR799) for $51.34/share, $9.3 billion cash/stock, includes $3.6 billion debt, will create the nation’s largest homebuilder, to close 1Q18. $LEN PR link.

Constellation Brands(PBR377) invests $300 million for 9.9% ownership stake in Ontario, CAN, based medicinal cannabis products provider Canopy Growth Corp$STZ PR link.

Owens Corning(PBR465) to acquire $480 million revenues/2017 1,800+ employees mineral wool insulation for building and technical applications in Europe producer Paroc Groupfrom CVC Capital Partners for $1.05 billion, to close in early 2018. $OC PR link.

Rent A Center(PBR657) to explore strategic and financial alternatives, Steven Pepper resigns as Chairman & director as a result of decision. $RCII PR link.

Analog Devices(PBR701) and China Mobile Communications Corp IoT unit sign Memorandum Of Understanding to collaborate to develop IoT solutions for customers across industries from the sensor level through to the cloud. $ADI PR link.

Dynegy(PBR777) to merge into Vistra(NYSE: VST) for $13.24/share in all stock deal with enterprise value of $20 billion. $DYN PR link.

CarMax(PBR202) EVP/COO Cliff Woods to retire in summer 2018, to be succeeded by EVP/Strategy & Business Transformation Ed Hill. $KMX PR link.

Diplomat Pharmacy(PBR515) hires Robyn Peters as EVP/Sales & Payor Strategies. $DPLO PR link.

Scholastic Corp(PBR926) promotes Kenneth Cleary to CFO, succeeds terminated Maureen O’Connell. $SCHL PR link.

CoreCivic(PBR965) EVP/Chief Corrections Officer Harley Lappin to retire effective 01/01/18, to be succeeded by SVP/Operations Patrick Swindle. $CXW PR link.

GATX(PBR995) EVP & President/Rail International James Earl to retire effective 03/01/18, to be succeeded by N Gokce Tezel. $GATX PR link.

NCR(PBR383) elects Matt Thompson, EVP/Field Operations for Adobe Systems(PBR577), to the Board. $NCR PR link.

Noble Energy(PBR471) elects Holli Ladhani, Chairman/President/CEO of Rockwater Energy Solutions, to the Board. $NBL PR link.

Sprouts(PBR688) appoints Joe O’Leary, former PetSmart executive, to the Board. $SFM PR link.

PerkinElmer(PBR839) elects Pascale Witz, a widely experienced commercial healthcare executive, to the Board. $PKI PR link.

GoPro(PBR902) appoints Rick Welts, President/COO of the Golden State Warriors professional basketball team, to its Board. $GPRO PR link.

The US Dept of Commerce says the US Preliminary September Total Personal Income Annual Rate is $16.533 trillion, +0.4% from August, +2.3% from September 2016Personal Savings Rate at 3.1%, Effective Tax Rate 12.5%. USDOC PR link.

***Friday, October 27:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 10/27/17:
DJIA ends at 23,434.19, +0.45% from last Friday, +4.59% MTD/QTD, +18.58% YTD, -0.03% from record 23,441.76 set 10/24/17.
NASDAQ ends at record 6,701.26, +1.09% from last Friday, +3.16% MTD/QTD, +24.49% YTD, +0.00% from record 6,701.26 set 10/27/17.
SPX ends at record 2,581.07, +0.23% from last Friday, +2.45% MTD/QTD, +15.29% YTD, +0.00% from record 2,581.07 set 10/27/17.

ExxonMobil(PBR2) with recent agreements now has 1.4+ million net acres offshore from Brazil, over 2 billion barrels of high quality oil reserves. $XOM PR link.

Amazon(PBR29)’s Whole Foods unit having a National Hiring Day on 11/02/17, looking to hire 6,000+ people for part/full time positions. $AMZN PR link.

Tenet Healthcare(PBR161) 3Q17 report says restructuring, $150 million cost reduction initiative to include laying off 1,300 positions, appoints James Bierman, former President/CEO of Owens & Minor(PBR292) to the Board. $THC PR link.

Huntsman(PBR244) and Swiss based Clariant (SIX: CLN) agree to abandon $20 billion merger of equals, based on activist investor opposition. $HUN PR link.

Mylan(PBR346)’s EpiPen4Schools® Program surpasses one million free Epinephrine Auto-Injector donations to US schools. $MYL PR link.

XCEL Energy(PBR241) EVP & Group President/Utilities and Chief Administrative Officer Marvin McDaniel Jr to retire 2Q18. $XEL PR link.

Delek US(PBR536) & Delek Logistics hires Melissa Buhrig as EVP/General Counsel & Secretary. $DK PR link.

Interpublic(PBR350) appoints Patrick Q. Moore, EVP/Strategy and Business Development of Carters(PBR699), to the Board, effective 01/01/18. $IPG PR link.

AMC Entertainment(PBR728) board member Jack Q. Gao resigns along with all other boards affiliated with parent Chinese private conglomerate Dalian Wanda Group$AMC PR link.

Schnitzer Steel(PBR764) appoints Rhonda D. Hunter, SVP at Weyerhauser(PBR355), to the Board. $SCHN PR link.

The US Dept of Commerce US Advance Estimate 3Q17 Gross Domestic Product is +3.0%, $19,495.5 trillion, +1.3% from 2Q17, +4.1% from 3Q16USDOC PR link.

The U of Michigan US Final October Consumer Sentiment Index is at 100.7, September was 95.1, August 96.8, October 2016 87.2. UMich PR link.

***Thursday, October 26:

Comcast(PBR42) in 3Q17 nets 115,000 new customer relationships, total is now 29.1 million, revenues through 9 months at $62.6 billion, +5.4% from 2016. $CMCSA PR link.

Cognizant(PBR272) to acquire London, UK, based 220 digital agency experts independent full-service digital agency firm Zone, to close in 4Q17, terms not disclosed. $CTSH PR link.

Mylan(PBR346) wins UK court ruling related to Copaxone® 40 mg/mL Patent. $MYL PR link.

Hershey(PBR354) authorizes additional $100 million share repurchase program, to start after current authorization is completed. $HSY PR link.

Intuit(PBR529) to acquire cloud-based SaaS technology provider of sales and use tax calculation and filing Exactor, to be integrated into Quickbooks Online, terms not disclosed. $INTU PR link.

Perrigo(PBR565) settles Hatch-Waxman litigation relating to Onexton® Gel (clindamycin phosphate 1.2% and benzoyl peroxide 3.75%) brought by Valeant Pharmaceuticals NA and Dow Pharmaceutical Sciences, details not disclosed. $PRGO PR link.

Twitter(PBR735) in 3Q17 report says Monthly Active Users were at 330 million, +4% from 3Q16, revenues were $590 million, -4% from 3Q16$TWTR PR link.

Hologic(PBR767) gets US FDA clearance for Paraflu Assay on Panther Fusion® system$HOLX PR link.

Equinix(PBR793) opening $98.5 million International Business Exchange™ (IBX®)data center, named DC12, at Ashburn campus in Virginia. Now operates 14 IBX data centers in the Washington, D.C. area. $EQIX PR link.

Deckers Outdoor(PBR929) in 2Q18 report says it has authorized an additional $335 million for share repurchase program, balance is now $400 million. Also states it is no longer actively pursuing a sale of its business. $DECK PR link.

Scientific Games(PBR937) gets new Kansas Lottery‘s 10 year systems contract, implementation planned for 07/18, will replace current supplier. $SGMS PR link.

Hewlett Packard Enterprises(PBR56) hires Archana “Archie” Deskus as Global Chief Information Officer. $HPE PR link.

Community Health Systems(PBR125) Division II President Michael Portacci to retire 12/01/17. $CYH PR link.

Netflix(PBR447) promotes Jessica Neal to Chief Talent Officer. $NFLX PR link.

Suburban Propane(PBR901) promotes SVP/Operations Steven C. Boyd to COO. $SPH PR link.

Chevron(PBR3) elects John B. Frank, Vice Chairman of Oaktree Capital Management, to the Board. $CVX PR link.

Equifax(PBR795) appoints Scott A. McGregor, former CEO of Broadcom (NASDAQ: AVGO), to the Board. $EFX PR link.

The US Dept of Labor reports that US Initial Unemployment Claims 4 Week Moving Average on 10/14/17 was 239,500, -13.8% from 09/16/17, -5.3% from 10/15/16USDOL PR link.

FreddieMac(PBR41) says US Average 30 Year Fixed Mortgage Rate on 10/26/17 was 3.94% with 0.5 points/fees, was 3.83% on 09/28/17, 3.47% on 10/27/16$FMCC PR link.

***Wednesday, October 25:

Amazon(PBR29) launches Amazon Key for Prime members, initially in 37 cities, enables in-home delivery and secure home access for guests and service appointments, available starting 11/08/17. $AMZN PR link.

Amazon(PBR29) announces CloudCam security camera, works with Alexa, one for $119.99, 3 for $289.99, available 11/08/17. $AMZN PR link.

American Airlines(PBR69) Chairman/CEO Doug Parker responds to NAACP travel advisory in letter to employees. $AAL PR link.

Sprint(PBR86) total 3Q17 wireless net additions was 378,000, 54,027,000 total connections, 3Q16 was 53,962,000. $S PR link.

Sears(PBR93) releases reinvented 120 page 2017 Wish Book catalog for the holidays, first release since 2011. $SHLD PR link.

Nordstrom(PBR214) aiming to fill 13,650 positions before the holidays. $JWN PR link.

CSX(PBR226) authorizes new $1.5 billion share repurchase program. $CSX PR link.

Sanofi(EURONEXT: SAN and NYSE: SNY) files suit against Mylan(PBR346 $MYL) in US District Court to defend 18 patent rights on Lantus® and Lantus® SoloStar®$SNY PR link.

Orbital ATK(PBR655) delivers 100,000th Hellfire rocket motor. $OA PR link.

Intl Flavors & Fragrances(PBR666) commissioning a new fragrance ingredients 165,000 sq meters plant in Jiande, located in China’s Zhejiang Province$IFF PR link.

Mondelez(PBR87) hires Glen Walter as EVP & President/N America. $MDLZ PR link.

CSX(PBR226) hires James Foote as COO, succeeds departing EVP/COO Cindy Sanborn and EVP/Chief Sales & Marketing Officer Fredrik Eliasson, effective 11/15/17. EVP/Law & Public Affairs, General Counsel, and Corporate Secretary Ellen M. Fitzsimmons retiring effective 11/08/17, to be succeeded by Nathan Goldman. $CSX PR link.

Essendent(PBR458) interim President/CEO Richard Phillips elected President/CEO. $ESND PR link.

The Carlyle Group(PBR581) announces Kewsong Lee & Glenn Youngkin to become Co-CEOs, Peter Clare to join William Conway, Jr, as Co-Chief Investment Officer, Daniel A. D’Aniello to become Chairman Emeritus & remain on Board, current Co-CEOs David M. Rubenstein and William E. Conway, Jr. will become Co-Executive Chairmen, all effective 01/01/18. $CG PR link.

New York Times(PBR971) EVP/CFO James Follo to retire in early 2018. Successor search starts. $NYT PR link.

EMCOR(PBR392) elects William Reid, former CEO of EMCOR Industrial Services, to the Board. $EME PR link.

Olin Corp(PBR838) elects Earl L. Shipp, former Dow Chemical VP/US Gulf Coast Operations, to the Board. $OLN PR link.

The US Dept of Commerce/HUD says US Preliminary September New Family Homes Sales Annual Rate is at 667,000 units, +18.9% from August, +17.0% from September 2016Median Price $319,700, +5.2% from August, -1.2% from September 2016New Houses Available at 279,000, 5.0 Months SupplyHUD PR link.

The US Energy Information Administrationsays US 10/20/17 Crude Oil Reserves were at 457.3 million barrels, -2.9% from 09/22/17, -2.3% from 10/21/16EIA PR link.

FreddieMac(PBR41) Rental Housing Surveyfinds affordability driving demand for rental housing, highlights changing preferences towards renting among all demographics. $FMCC PR link.

***Tuesday, October 24:

AT&T(PBR12) 3Q17 report shows revenue decline primarily because of wireline declines, had 3.0 million net adds for wireless services, Nearly 300,000 DIRECTV NOW net adds balances traditional TV subscriber declines. $T PR link.

Amazon(PBR29) celebrates 10 years in Arizona, employs 6,000, to open a new center in Phoenix area, refurbish original Valley location, add 1,000+ more fulltime jobs. $AMZN PR link.

Amazon(PBR29) launches Business Prime Shipping, $499/10 users and other options annual subscription in the US and Germany, includes unlimited free 2 day shipping in the US. $AMZN PR link.

Anthem(PBR38) to acquire Florida based 130,000 members privately‐held for‐profit Medicare Advantage organization America’s 1st Choice, terms not disclosed, to close 1Q18. $ANTM PR link.

International Paper(PBR117) to sell majority interest in its N America Consumer Packaging business, with 3,900 employees in 10 locations in US and UK, to Graphic Packaging(PBR553) for $1.8 billion, will retain 20.5% stake. $IP PR link.

Eli Lilly(PBR142) in 3Q17 report says reviewing strategic alternatives for Elanco Animal Health unit, including an initial public offering, merger, sale, or retention of the business. $LLY PR link.

Cognizant(PBR272) to acquire Zurick, Switzerland, based 380 employees digital experience and marketing solutions provider Netcentric, terms not disclosed. $CTSH PR link.

Pentair(PBR363) to file Form 10 for spin-off Electrical business as a separate public company called nVent, remain a public Water company, still planned for 2Q18. $PNR PR link.

New York Times(PBR971) to transfer pension benefits and annuity administration for approximately $225 million in pension obligations in agreement with Massachusetts Mutual Life Insurance Co$NYT PR link.

AIG(PBR46) hires Thomas Leonardi as EVP/Government Affairs, Public Policy and Communications, effective 11/01/17. $AIG PR link.

Patterson Cos(PBR542) hires Mark Walchirk as President/CEO, effective 11/20/17, succeeds interim CEO Jim Wiltz who will remain on the Board. $PDCO PR link.

TriNet(PBR659) hires Barrett Boston as SVP/Chief Revenue Officer. $TNET PR link.

Whiting Petroleum(PBR667) hires Bradley Holly as President/CEO, effective 11/01/17, to succeed retiring James Volker. $WLL PR link.

Express Scripts(PBR860) moves EVP James M. Havel to EVP/CFO, succeeds Eric Slusser who will be leaving at end of 1Q18. $ESRX PR link.

Amgen(PBR135) appoints Dr. Wanda Austin, retired President/CEO of The Aerospace Corporation, to the Board, to be effective in 12/17. $AMGN PR link.

Ball Corp(PBR312) elects Cathy D. Ross, retired EVP/CFO of FedEx(PBR65) Express, and Pedro Henrique Mariani, Chairman of Banco BBM, to the Board. $BLL PR link.

The Federal Reserve Bank of Richmond 5th District September Manufacturing Index(Annualized) is at +12%, August was +19%, July +14%, September 2016 -6%; The September Service Sector Revenue Index is at +24%, August was +22%, July +22%, September 2016 +10%. RichmondFed PR link.

***Monday, October 23:

AT&T(PBR12) $85.4 billion cash/stock acquisition of Time Warner(PBR103) termination date extended for a short while to get US regulatory approval. $T PR link.

Johnson & Johnson(PBR37)’s Janssen unit receives 2 US FDA approvals for Simponi aria® (Golimumab) for treatment of adults with active Psoriatic Arthritis or active Ankylosing Spondylitis$JNJ PR link.

Cisco(PBR60) to acquire cloud PBX, unified communications, team collaboration, and contact center solutions for businesses and service providers across 80 countries BroadSoft (NASDAQ: BSFT) for $55/share, $1.9 billion net of cash, to close 1Q18. $CSCO PR link.

Delta(PBR72) to hire 1,000 flight attendants in 2018, had 150,000 applicants in 2017. $DAL PR link.

T-Mobile(PBR95) 3Q17 report shows 1.3 million total net additions – 18 straight quarters of adding more than 1 million, ends with 70,731,000 total customers. $TMUS PR link.

Hartford Financial(PBR152) to acquire Aetna(PBR49)’s US Group Life and Disability business for $1.45 billion cash, expected to close early 11/17. $HIG PR link.

eBay(PBR163) StubHub unit gets multi-year agreement with Natl Football League to be its NFL Authorized Ticket Resale Marketplace starting with the 2018-2019 season. $EBAY PR link.

ConAgra(PBR166) completes acquisition of Angie’s Artisan Treats, the maker of Angie’s BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth, terms not disclosed. $CAG PR link.

CarMax(PBR202) to hire 2,000+ for long-term positions by 12/31/17. $KMX PR link.

Praxair(PBR233) merger with Germany based Linde AG(Xetra: LIN) to become a $30 billion/year Linde plc exchange offer minimum ratio changed from 75% to 60%, original acceptance period extended from 10/24/17 to 11/07/17 midnight. $PX PR link.

Hess(PBR248) to sell its oil and gas interests in Norway to Aker BP ASA for $2 billion; commences sale of Denmark assets. $HES PR link.

XPO Logistics(PBR321) to hire 6,000 seasonal workers in anticipation of expansion of e-commerce sales. $XPO PR link.

LKQ(PBR376) to acquire Dover(PBR343) subsidiary Warn Co, 350+ employees designer, manufacturer and marketer of high performance vehicle equipment and accessories, terms not disclosed. $LKQ PR link.

Netflix(PBR447) to offer $1.6 billion for 4.875% senior notes, to close 10/26/17, 04/15/28 mature date, proceeds to be used for general corporate purposes. $NFLX PR link.

NASDAQ(PBR618) completes acquisition of global content and analytics for institutional investors provider eVestment, terms not disclosed. $NDAQ PR link.

HB Fuller(PBR870) completes $1.575 billion acquisition of South Bend, IN, based $650 million/year, 1,500 employees in 5 countries Royal Adhesives & Sealants$FUL PR link.

Kroger(PBR20) EVP/Retail Operations Fred Morganthall to retire after 31 years of service, effective 11/30/17, EVP/Merchandising Mike Donnelly to assume responsibility for both operations as EVP/COO, effective 11/01/17. $KR PR link.

Coca-Cola(PBR63) President/N America J. Alexander “Sandy” Douglas Jr to retire on 03/01/18, will be succeeded by James L. “Jim” Dinkins who will assume new responsibilities on 01/01/18. $KO PR link.

Tenet Healthcare(PBR161) CEO Trevor Fetter steps down & resigns from Board as planned, Executive Chairman Ronald A. Rittenmeyer appointed CEO until permanent successor appointed. $THC PR link.

Arconic(PBR215) to hire Charles “Chip” Blankenship as CEO, effective 01/15/18, will succeed interim CEO and director David Hess, who will remain on the Board, director John Plant appointed Chairman, effective immediately. $ARNC PR link.

Arconic(PBR215) appoints Eric Roegner as EVP & Group President/Engineered Products and Solutions, succeeds leaving Karl Tragl, Tim Myers appointed EVP & Group President/Global Rolled Products and Transportation & Construction Solutions. $ARNC PR link.

Caesars Entertainment(PBR314) hires Chris Holdren as Chief Marketing Officer, effective 11/01/17. $CZR PR link.

Diebold Nixdorf(PBR676) promotes Patty Lang to VP/Chief People Officer. $DBD PR link.

Blackhawk Network(PBR998) hires Charles Garner as CFO, to succeed retiring Jerry Ulrich. $HAWK PR link.

Delta(PBR72) appoints former US Secretary of Defense Ash Carter to the Board. $DAL PR link.

Stanley Black & Decker(PBR249) elects Nike(PBR98) CIO Jim Scholefield to the Board. $SWK PR link.

Brink’s(PBR613) appoints Dan Henry, former CEO of Netspend Corp and Euronet co-founder, to the Board, Peter Feld to resign from Board effective 11/11/17. $BCO PR link.

The Federal Reserve Bank of Chicago US Preliminary September Federal National Activity Index is at +0.17, August was -0.37, July -0.27, September 2016 -0.04. ChiFed PR link.

FreddieMac(PBR41) October Outlookforecasts 4.4% average interest rate in 2018, 6.3 million homes sold, 4.9% house price growth, $1.695 trillion in total originations. Also assesses impact of recent hurricanes$FMCC PR link.

FreddieMac(PBR41) Multifamily in Focusreport focuses on the worsening of rental affordability$FMCC PR link.

***Friday, October 20:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 10/20/17:
DJIA ends at record 23,328.63, +2.00% from last Friday, +4.12% MTD/QTD, +18.04% YTD, +0.00% from record 23,328.63 set 10/20/17.
NASDAQ ends at record 6,629.05, +0.35% from last Friday, +2.05% MTD/QTD, +23.15% YTD, +0.00% from record 6,629.05 set 10/20/17.
SPX ends at record 2,575.21, +0.86% from last Friday, +2.22% MTD/QTD, +15.02% YTD, +0.00% from record 2,575.21 set 10/20/17.

Booz Allen Hamilton(PBR466) to acquire Cincinnati, OH, based 40 professionals platform for managed cyber threat detection and response services provider Morphick, terms not disclosed. $BAH PR link.

Merck(PBR70 $MRK) laying off around 1,800 US sales people from 3 sales teams, to focus on chronic care therapies with 960 sales people. MarketWatch PR link.

Sealed Air(PBR344) SVP/CFO Carol Lowe departing on 10/31/17, Chief Accounting Officer/Controller Bill Stiehl to add interim CFO role. $SEE PR link.

Domino’s(PBR889) 113 Chicagoland locations to hire 2,000 new team members. $DPZ PR link.

Blackstone(PBR352) Board member Richard Jenrette retires, Board size reduced from 12 to 11. $BX PR link.

The US Dept of Treasury says US September Federal Government Receipts were $348.722 billion, Outlays $340.722 billion, Surplus $8.000 billion, Fiscal 2017 Year End Deficit at $665.712 billion, Fiscal 2016 Year End Deficitwas $585.6 billion. Treasury PR link.

The Natl Assn of Realtors says US September Total Existing Home Sales Annual Rate is at 5,390,000, +0.7% from August, -1.5% from September 2016Median Price is $245,100, September 2016 $235,200. NAR PR link.

***Thursday, October 19:

Verizon(PBR15) adds 603,000 net retail postpaid net additions wireless subscribers in 3Q17, had 109.7 million retail postpaid connections and 5.6 million retail prepaid connections at the end of the quarter. $VZ PR link.

Amazon(PBR29) launches 18th wind farm, located in Scurry County, TX, has 100+ turbines, to generate 1,000,000+ MWh a year, 35 more Amazon wind farms scheduled. $AMZN PR link.

Alphabet(PBR44)’s CapitalG growth investment fund heads up $1 billion financing in ridesharing company Lyft$GOOG PR link.

Genuine Parts(PBR191) to acquire Cedar Rapids, IA, based industrial applications company $100 million revenues/year Apache Hose & Belting, and Rochester, NY, based 17 stores regional automotive parts distributor $25 million revenues/year Monroe Motor Products, terms not disclosed. $GPC PR link.

CBS(PBR210) to split off CBS Radio which will combine with Entercom Communications(NYSE: ETM), will have 235 radio stations, including 22 in top 25 US markets. $CBS PR link.

JCPenney(PBR234) introducing smartwatches in 245 stores and JCPenney.com starting 10/30/17, unveils new Modern Bride concept in its fine jewelry dept. $JCP PR link.

TechnipFMC(PBR334) to acquire Plexus’ Exploration Wellhead equipment and services business for jack up applications, terms not disclosed. $FTI PR link.

Celgene(PBR347) stops two Crohn’s disease studies, not initiating another related study due to results. $CELG PR link.

JetBlue(PBR429) ending ticket sales through more than 10 online travel agencies, will focus on direct bookings though jetblue.com and select third-party channels, to reduce costs. $JBLU PR link.

Under Armour(PBR668) introduces subscription service ArmourBox, sends 4-6 items, try for a week, send back unwanted items, 20% off if take all items. $UA PR link.

Nelnet(PBR972) to acquire Madison, WI, based student loan servicing company Great Lakes Educational Loan Services for $150 million cash. $NNI PR link.

Intuit(PBR529) board member Diane Greene, CEO of Alphabet(PBR44)’s Google cloud businesses, stepping down at annual shareholder meeting in 01/18, former Amazon(PBR29) CFO Thomas Szkutak nominated as successor. $INTU PR link.

Ferro Corp(PBR992) appoints Marran Ogilvie, who has more than 20 years of executive management and financial experience across a diverse set of business environments, to the Board. $FOE PR link.

The Federal Reserve Bank of Philadelphia 3rd District October Manufacturing General Activity Indicator is at 27.9, September was 23.8, August 18.9, October 2016 11.1. PhillyFed PR link.

The Conference Board US Preliminary September Leading Economic Index is at 128.6, August was 128.8, July 128.4, September 2016 123.8. TCB PR link.

***Wednesday, October 18:

ExxonMobil(PBR2) has acquired a crude oil terminal in Wink, TX, from Genesis Energy, permitted for 100,000 barrels of oil/day, located in Delaware Basin of the Permian Basin$XOM PR link.

Apple(PBR5) & GE(PBR9) partner to bring predictive data and analytics from Predix, GE’s industrial Internet of Things (IoT) platform, to iPhone & iPad$GE PR link.

AT&T(PBR12) gets Brazilian Antitrust Authority approval for $85.4 billion cash/stock acquisition of Time Warner(PBR103)US only regulatory agency left, expects to close by 12/31/17. $T PR link.

Anthem(PBR38) establishing a new pharmacy benefits manager to be named IngenioRx, to launch in 2020 upon expiration of current contract, gets 5 year deal to provide IngenioRx to CVS Health(PBR11) starting 01/01/2020. $ANTM PR link.

Hewlett Packard Enterprises(PBR55) to return $2.5 billion to shareholders in FY18, $500 million in dividends, $2 billion in share repurchases, increases share repurchase authorization by $5 billion. $HPE PR link.

Gilead Sciences(PBR107)’s Kite unit Yescarta™ (Axicabtagene Ciloleucel) becomes first CAR T Adult Refractory Large B-Cell Lymphoma therapy for certain situations approved by the US FDA$GILD PR link.

SuperValu(PBR164) to acquire retailer owned cooperative, 650 employees, 1.5 million sf in real estate Affiliated Grocers of Florida for $180 million. $SVU PR link.

Micron Technology(PBR180) to retire $2.25 billion in debt. $MU PR link.

Assurant(PBR268) to acquire $1 billion revenues/2017 vehicle protection and financial services provider The Warranty Group for $2.5 billion, includes debt, to close in 1H18. $AIZ PR link.

CBRE(PBR301) acquires San Francisco, CA, based Custom Spaces, the Bay Area’s premier boutique real estate advisor to the tech sector. $CBG PR link.

Quest Diagnostics(PBR353) to acquire Cleveland HeartLab, form strategic collaboration with Cleveland Clinic, terms not disclosed. $DGX PR link.

SunPower(PBR680) gets 291 megawatts deal in 2nd Round CRE4 French Tenders for Solar Projects, will be supplying 505 megawatts in 1st/2nd Round of the French Tenders combined, more than any other solar panel brand. $SPWR PR link.

Universal Forest Products(PBR733) to do 3:1 stock split, effective 11/15/17. $UFPI PR link.

MEDNAX(PBR794) to acquire 90+ physicians serving 160 sites Houston metro based Synergy Radiology Associates, terms not disclosed, 10th acquisition in 2017. $MD PR link.

Adtalem Education(PBR905)’s DeVry University receives accreditation reaffirmation for it Engineering Technology classroom and online programs. $ATGE PR link.

American Express(PBR83) appoints Vice Chairman Stephen J. Squeri to succeed retiring Kenneth I. Chenault as Chairman/CEO on 02/01/18. $AXP PR link.

C.H. Robinson(PBR215) appoints Timothy C. Gokey, President/COO at Broadridge Financial(PBR533), to the Board. $CHRW PR link.

The US Dept of Commerce/HUD says US Preliminary September Total Housing Permits Issued Annual Rate is at 1,215,000, -4.5% from August, -4.3% from September 2016HUD PR link.

The US Federal Reserve Board releases Beige Book, based on data gathered through 10/06/17, says pace of growth split between modest and moderate. Fed PR link.

ADP(PBR237) says US 3Q17 Workforce Vitality Index(3Q13=100) is at 115.1, +3.5% from 3Q16$ADP PR link.

***Tuesday, October 17:

Johnson & Johnson(PBR37) in 3Q17 report says it will not pursue global approvals of sirukumab for treatment of moderately to severely active rheumatoid arthritis, to discontinue clinical trial for talacotuzumab, an investigational compound being studied in patients with acute myeloid leukemia. $JNJ PR link.

Fidelity Natl Financial(PBR331) FNFV Group unit completes $200 million cash acquisition of clinical documentation and coding solutions for healthcare facilities T-System Holdings$FNF PR link.

Electronic Arts(PBR527) to ramp down and close Visceral studio, move its Star Wars project to EA Worldwide Studios, to launch new Star Wars Battlefront II in a few weeks. $EA PR link.

Tailored Brands(PBR643) enters 9th year in partnership with National Basketball Coaches Assn, providing 10 US made Joseph Abboud suits and 20 ties for 24 NBA coaches. $TLRD PR link.

Middleby(PBR865) acquires Dayton, OH, based $50 million/year slicers and mixers for the commercial foodservice industry provider Globe Food Equipment Co$MIDD PR link.

Amazon(PBR29 $AMZN) Studios unit suspended for sexual harrassment allegations head Roy Price resigns. Deadline PR link.

World Fuel(PBR67) hires Jeff Smith as EVP/COO. $INT PR link.

Macy’s(PBR97) hires Danielle Kirgan as Chief Human Resources Officer, effective 10/23/17. $M PR link.

DISH(PBR196) promotes SVP Tim Messner to General Counsel, effective 10/23/17, succeeds EVP R Stanton Dodge, who will be joining DraftKings as its chief legal officer. $DISH PR link.

TSYS(PBR790) elects Thaddeus Arroyo, CEO of AT&T(PBR12) Business unit, and Richard A. Smith, Chairman/President/CEO of Realogy Holdings Corp, to the Board. $TSS PR link.

The US Dept of Labor says US Preliminary September All Imports Prices were +0.7%, All Exports Prices +0.8%, Year-to-Date All Import Prices +2.7%, YTD All Export Prices +2.9%. USDOL PR link.

The US Federal Reserve Board says US Preliminary September Industrial Production Total Index(2012=100) is at 104.6, August104.3, July 105.1, September 2016 104.1. USFed PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary October Housing Market Index is at 68, September was 64, August 67, October 2016 63. NAHB PR link.

***Monday, October 16:

Johnson & Johnson(PBR37)’s Janssen unit gets US FDA approval for an expanded indication for STELARA® (ustekinumab) for the treatment of adolescents with moderate to severe plaque psoriasis. $JNJ PR link.

Aramark(PBR184) to acquire N America hospitality procurement services provider Avendra for $1.35 billion from a consortium of 5 major hospitality companies. Also acquiring uniform and linen rental and supply company AmeriPride for $1 billion. Both transactions to close by 12/31/17. $AMRK PR link.

Nordstrom(PBR214) family suspends active exploration of taking the company private until after the start of 2018. $JWN PR link.

Facebook(PBR228 $FB) acquires recently launched app developer TBH, has quickly added 5 million subscribers, over 1 billion messages sent. TBH PR link.

Mylan(PBR346) says US District Court concludes that Allergan(PBR219)‘s patent protection for Restasis ended in 2014, not entitled to renewed patent rights for a second wave of patent protection, also binding against Allergan’s arrangement with Saint Regis Mohawk Tribe$MYL PR link.

Blackstone(PBR352) completes acquisition of Philadelphia, PA, area based independent investment management firm with over $10 billion in assets under management Harvest Fund Advisors, terms not disclosed. $BX PR link.

Cummins(PBR438) to acquire assets of Brammo, which designs and develops battery packs for mobile and stationary applications, terms not disclosed. $CMI PR link.

Netflix(PBR447) in 3Q17 reports net gain of 5.3 million subscribers, total now 109.25 million memberships, forecasts to grow by 6.3 million in 4Q17, continue to build its own content. $NFLX PR link.

Arthur J Gallagher(PBR515) acquires Santa Fe, NM, based commercial property/casualty and employee benefits coverages and services, and high-net-worth personal lines coverages provider Reynolds & Rodar Insurance Group, terms not disclosed. $AJG PR link.

GE(PBR9) promotes Rafael Santana to CEO/GE Transportation, effective 11/01/17, succeeds Jamie Miller who is becoming GE CFO. $GE PR link.

Micron Technology(PBR180) hires Manish Bhatia as EVP/Global Operations. $MU PR link.

Dentsply Sirona(PBR694) hires Nick Alexos as EVP/Chief Administration Officer and Keith Ebling as EVP/General Counsel & Secretary. $XRAY PR link.

Woodward(PBR888) President/Airframe Systems Group Martin Glass to resign on 02/02/18 after 40 years with the company. $WWD PR link.

Microsoft(PBR29) proposes election of Penny Pritzker, former US Secretary of Commerce, and Arne Sorenson, President/CEO of Marriott Intl(PBR211), to the Board, at annual meeting set for 11/29/17. $MSFT PR link.

Proctor & Gamble(PBR33) provides preliminary voting results, indicates Trian‘s Nelson Peltz narrowly defeated for a Board position. $PG PR link.

Sears(PBR93) board member Bruce Berkowitz, Chief Investment Officer of Fairholme Capital Management, steps down. $SHLD PR link.

Vulcan Materials(PBR685) elects Kathleen Quirk, EVP/CFO of Freeport-McMoRan(PBR128), to the Board. $VMC PR link.

The Federal Reserve Bank of New York October Empire State Manufacturing Index is at 30.2, a 3 year high, September was 24.4, August 25.2, October 2016 -5.5. NYFed PR link.

***Friday, October 13:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 10/13/17:
DJIA ends week at 22,871.72, +0.43% from last Friday, +2.08% MTD/QTD, +15.73% YTD, -0.01% from record 22,872.89 set 10/11/17.
NASDAQ ends at record 6,605.80, +0.24% from last Friday, +1.69% MTD/QTD, +22.71% YTD, +0.00% from record 6,605.80 set 10/13/17.
SPX ends at 2,553.17, +0.15% from last Friday, +1.34% MTD/QTD, +14.04% YTD, -0.08% from record 2,555.24 set 10/11/17.

Comcast(PBR42 $CMCSA)’s Fandango unit to acquire MovieTickets.com, previously acquired Movieclips, Flixster, Rotten Tomatoes and a streaming platform it renamed Fandango NowMarketWatch PR link.

Alcoa(PBR115) pays $237.5 million and transfers 2,200 acres of land and assets to power provider Luminant Generation Companyto terminate electricity contract tied to Alcoa’s Rockdale Operations in Texas$AA PR link.

The US Dept of Labor says US Preliminary September Current Average Earnings/Hourwas $26.55, Average Work Week Hours 34.4, Weekly Earnings $913.32, August was $909.19, July $910.46, September 2016$887.86. USDOL PR link.

The US Dept of Labor says US September Consumer Price Index(All Items) is at +0.5%, August was +0.4%, July +0.1%, Last 12 Months(Unadjusted) +2.2%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary August Trade Sales and Manufacturers’ Shipments were $1.369 trillion, +0.7% from July, +5.5% from August 2016USDOC PR link.

The US Dept of Commerce/Census says US Advance September Total Retail and Food Services/Drinking Places Revenues were $483.9 billion, +1.6% from August, +4.5% from September 2016USDOC PR link.

The U of Michigan US Preliminary October Consumer Sentiment Index is at 101.1, September was 95.1, August 96.8, October 2016 87.2. UMich PR link.

***Thursday, October 12:

Amazon(PBR29) to hire for over 120,000 in the US for the 2017 holiday season. $AMZN PR link.

Amazon(PBR29) AWS unit and Microsoft(PBR31 $MSFT) announce Gluon, a new open source deep learning interface that allows developers to more easily and quickly build machine learning models. $AMZN PR link.

TimeInc(PBR631) partners with Alphabet(PBR44)’s Google to launch Adapt, leverages DoubleClick to deliver outstream native video ads. $TIME PR link.

Dynegy(PBR777) completes $180 million sale of its Lee Energy Facility to Rockland Capital, funds to be used for debt reduction. $DYN PR link.

Polaris Industries(PBR531) hires Chris Musso as President/Off-Road Vehicles, effective 11/06/17. $PII PR link.

The US Dept of Labor says US September Producer Price Index for Total Final Demandwas +0.4%, August was +0.2%, July -0.1%, September 2016 +0.3%, Total Last 12 Months Total Demand at +2.1%. USDOL PR link.

***Wednesday, October 11:

Kroger(PBR20) announces Restock Kroger program, exploring strategic alternatives for its 784 stores, 11,000 associates, $4 billion/2016(includes $1.4 billion in inside sales) convenience store business, including possible sale. $KR PR link.

Amazon(PBR29) introduces Kindle Oasis, featuries 7-inch, 300 ppi display, waterproof design, and audible, $249.99, to start shipping 10/31/17. $AMZN PR link.

Tenet Healthcare(PBR161) to sell suburban Chicago based MacNeal Hospital and related operations, including an independent practice association of 1,000 physicians, to Trinity Health affilate Loyola Medicine regional healthcare system, to close 1Q18, terms not disclosed. $THC PR link.

Micron Technology(PBR180) reprices $1 billion common stock offering to $1.2 billion, for $41.00/share, to be used to pay down debt, expects to close by 10/16/17. $MU PR link.

Coach(PBR496) to change its name to Tapestry, Inc, stock trading symbol from COH to NYSE: TPR, effective 10/31/17. $COH PR link.

International Paper(PBR117) elects Jacqueline C. Hinman, Chairman/President/CEO of engineering firm CH2M Hill, and Clinton A. Lewis, Jr, EVP & President/International Operations of animal health medicines provider Zoetis(PBR500), to its Board. $IP PR link.

ITT Corp(PBR735) elects Mario Longhi, former President/CEO of US Steel(PBR167), to its Board. $ITT PR link.

TransDigm(PBR810) appoints Gary E. McCullough, investor/advisor to venture capital firm Abundant Venture Partners, and David A. Barr, most recently Managing Director of private equity fund Warburg Pincus, to its Board. $TDG PR link.

The US Dept of Labor says US Preliminary August Job Openings at 6,082,000, -0.9% from July, +10,7% from August 2016USDOL PR link.

The Federal Open Market Committee releases 09/19-20/17 Meeting Minutes, says US economic activity rising moderately, inflation remains below 2% target, to start balance sheet normalization program in October, no change in federal funds rate. FOMC PR link.

The US Energy Information Administrationestimates Average 2017 WTI Oil Price Per Barrel to be $49.69, 2018 Forecast is $50.57, 2016 was $43.33, 2015 $48.67. EIA PR link.

***Tuesday, October 10:

Walmart(PBR1) authorizes new $20 billion share repurchase program, replaces existing program, to utilize over next 2 years. $WMT PR link.

Amazon(PBR29) introduces a new option for Prime Student, $5.49/month with no annual commitment. $AMZN PR link.

Pfizer(PBR56) reviewing strategic alternatives for its Consumer Healthcare business. $PFE PR link.

Honeywell(PBR74) to spinoff $4.5 billion/year 13,000 employees Homes and the ADI Global Distribution Business, and $3 billion/year 6,500 employees Transportation Systems, into two independent public companies by end of 2018, additional restructuring announced. $HON PR link.

Micron Technology(PBR180) launches $1 billion offering of common stock, to be used to pay down debts. $MU PR link.

JCPenney(PBR234) introduces for the holiday season a limited collection of women’s apparel, accessories and home décor items created with award-winning actress and style icon Tracee Ellis Ross, available starting 11/12/17. $JCP PR link.

Henry Schein(PBR270) completes acquisition of independent family owned Columbia, SC, based $115 million/2016 animal health products supplier Merritt Veterinary Supplies, terms not disclosed. $HSIC PR link.

NVIDIA(PBR510) unveils NVIDIA DRIVE PX Pegasus, the world’s first artificial intelligence computer designed to drive fully autonomous robotaxis$NVDA PR link.

Coty(PBR524) relaunches COVERGIRL brand to use makeup as a tool for self-expression and personal transformation. $COTY PR link.

Great Plains Energy(PBR757) & Westar Energy(PBR747) to hold special shareholder meetings on 11/21/17 to vote on merger of equals, on track for merger to close in 1H18. $GXP PR link.

Equinix(PBR795) completes $259 million acquisition of Itconic, a data center, connectivity and cloud infrastructure solutions provider in Spain and Portugal, from The Carlyle Group(PBR581)$EQIX PR link.

West Corp(PBR842), a global provider of communication and network infrastructure services, $23.50/share $5.1 billion cash acquisition by Apollo Global Mgmt(PBR906) is completed. $WSTC PR link.

Express Scripts(PBR860) to acquire privately-held evidence-based medical benefit management services provider eviCore healthcare for $3.6 billion, accelerates shift to being a patient benefit management company. $ESRX PR link.

CDW(PBR239) CFO Ann Zigler to retire on 12/31/17, Collin Kebo to be promoted to CFO on 01/01/18. $CDW PR link.

Molina Healthcare(PBR284) hires Joseph M. Zubretsky as President/CEO, effective 11/06/17. $MOH PR link.

MasterCard(PBR291) President/Global Products and Solutions Gary Flood leaving at end of 2017, operating units to then report to President/CEO Ajay Banga. $MA PR link.

MDU Resources(PBR513) promotes Trevor J. Hastings to President/CEO of WBI Holdings Inc., MDU’s pipeline and energy services business. $MDU PR link.

KB Home(PBR802) elects James C. (“Rad”) Weaver, CEO of McCombs Partners, the investment management division of McCombs Enterprises, to the Board. $KBH PR link.

CoreLogic reports that US July Housing Loans 30 Days Or More Delinquent were at 4.6%, June was 4.5%, May 4.5%, July 2016 5.5%, Total Houses In Foreclosure at 0.7%. CoreLogic PR link.

The International Monetary Fund October World Economic Outlook forecasts 3.6% global growth rate in 2017, 3.7% in 2018, mostly from emerging regions, and despite lower growth rates for the US and UK. IMF PR link.

***Monday, October 9:
***US Federal Holiday: Columbus Day.
***US Stock Markets: Open.

Phillips 66(PBR7) adds $3 billion to share repurchase program, balance is now $12 billion, from authorizations since 3Q2012. $PSX PR link.

Microsoft(PBR31) entering into a 15-year power purchase agreement with GE(PBR9) to purchase 100% of the wind energy from GE’s new, 37-megawatt Tullahennel wind farm in County Kerry, Ireland$MSFT PR link.

AIG(PBR46) expects to report 3Q2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax) from Hurricanes Harvey, Irma, Maria and Mexico earthquake$AIG PR link.

Medtronic(PBR133) Endurant(TM) II/IIs stent graft system receives FDA approval to treat short neck anatomies when used with Heli-FX(TM) EndoAnchor(TM) System$MDT PR link.

Ross Stores(PBR253) opens 40 stores in September/October, makes 96 stores in 2017, completes store growth plans for fiscal 2017. $ROST PR link.

Magellan Health(PBR592) gets all regulatory approvals to acquire Senior Whole Health, serves complex, high-risk populations, providing both Medicare and Medicaid dual-eligible benefits to 22,000+ members in Massachusetts/NY, anticipates $1 billion revenues in 2017, to close by 12/31/17. $MGLN PR link.

Keysight Technologies(PBR660) temporarily closing Santa Rosa corporate headquarters due to wildfires on the area. $KEYS PR link.

Equinix(PBR793) acquires $2.5 million/year Zenium data center in Istanbul, Turkey, for $92 million cash, to be renamed Equinix IS2, includes current 1,500 square meters fitted out data center, expandable to up to 12,000 square meters. $EQIX PR link.

Granite Construction(PBR831) promotes Kyle Larkin to SVP/California Group Manager, effective 10/16/17. $GVA PR link.

GE(PBR9) elects Ed Garden, Chief Investment Officer and a Founding Partner of Trian Fund Management, to the Board, replaces Robert Lane, former Chairman/CEO of Deere & Co(PBR81), who has retired for health reasons. $GE PR link.

Minerals Tech(PBR949) elects Franklin Feder, former senior executive at Alcoa(PBR115), to the Board. $MTX PR link.

FannieMae(PBR17) says US September Home Purchase Sentiment Index is at 88.3, Augustwas 88.0, July 86.8, September 2016 82.8. $FNMA PR link.

***Friday, October 6:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 10/06/17:
DJIA ends week at 22,773.67, +1.65% from last Friday/MTD/QTD, +15.24% YTD, -0.01% from record 22,775.39 set 10/05/17.
NASDAQ ends at record 6,590.18, +1.45% from last Friday/MTD/QTD, +22.42% YTD, +0.00% from record 6,590.18 set 10/06/17.
SPX ends at 2,549.33, +1.19% from last Friday/MTD/QTD, +13.87% YTD, -0.11% from record 2,552.07 set 10/05/17.

The PBR1000 Top 5 September by Market Capitalization(Company, Rank by Revenues, Stock Symbol, Market Cap, Stock Price 09/29/17, % Change from 12/31/16(YTD)) are:

1. Apple(PBR4), AAPL, $796B, $154.12, +33%
2. Alphabet(PBR27), GOOG, $665B, $959.11, +24%
3. Microsoft(PBR28), MSFT, $574B, $74.49, +20%
4. Facebook(PBR95), FB, $496B, $170.87, +49%
5. Amazon(PBR12), AMZN, $462B, $961.35, +28%
The PBR1000 Total Market Capitalization:$24.319 trillion
Average Market Capitalization Change YTD:+12.8%
Range: $797B to $0.00B
Average: $24.3B(1,001 companies); Median:$7.4B

To get the full Snapshot 15 report go to The PBR1000 Subscribe page.

Costco(PBR18) launches CostcoGrocery, offering free 2 day delivery of non-perishables on orders over $75, expanding InstaCart service for same day deliveries of perishables. $COST PR link.

Kellogg(PBR198) to acquire Chicago Bar Co, maker of clean-label protein nutrition bars RXBAR, for $600 million. $K PR link.

Caesars Entertainment(PBR314) announces new board of directors following completion of restructuring of Caesars Entertainment Operating Company$CZR PR link.

Caesars Entertainment(PBR314) completes merger with Caesars Acquisition Companyand concludes restructuring of Caesars Entertainment Operating Company, has an enterprise value of $20 billion, planning $1.5 billion in capital expenditures for property improvements. $CZR PR link.

United Natural Foods(PBR371) authorizes $200 million share repurchase program. $UNFI PR link.

CIT Group(PBR608) to sell Financial Freedom and reverse mortgage portfolio to an undisclosed buyer for $900 million, expects to close 2Q18. $CIT PR link.

ResMed(PBR977) provides status report on sleep-disordered breathing and respiratory care patent infringement lawsuits worldwide against Fisher & Paykel$RMD PR link.

Apple(PBR5) hires Katherine Adams as General Counsel & SVP/Legal & Global Security, succeeds retiring General Counsel Bruce Sewell. $AAPL PR link.

GE(PBR9) CEO/Transportation Jamie Miller to be CFO, effective 11/01/17, succeeds departing Vice Chairman/CFO Jeff Bornstein, Vice Chairs Beth Comstock and John Rice to retire effective 12/31/17. $GE PR link.

Blackhawk Network(PBR998) board member Jeffrey Fox resigns to focus on recent appointment as CEO of Endurance International Group. $HAWK PR link.

The US Dept of Labor says US September Non-Farm Employment was at 154,345,000, +906,000 from August, +2,419,000 from September 2016Unemployed were at 6,801,000, Unemployment Rate is at 4.2%. USDOL PR link.

The US Dept of Commerce/Census says US Preliminary August Total Wholesale Saleswere $473.4 billion, +1.7% from July, +7.2% from August 2016USDOC PR link.

The Federal Reserve Board says US Preliminary August Total Consumer Debt at $3.766 trillion, +0.4% from July, +3.3% YTD, +10.2% since 12/31/15(20 months)FED PR link.

***Thursday, October 5:

The PBR1000 Top 5 September Stock Price Gainers since 12/31/15(21 months)(Company, Rank by Revenues, Stock Symbol, Stock Price 09/29/17, % Change from 12/31/15) are:

1. NVIDIA(PBR363), NVDA, $178.77, +442%
2. Tronox(PBR819), TROX, $21.10, +440%
3. Scientific Games(PBR689), SGMS, $45.85, +411%
4. Navistar(PBR317), NAV, $44.07, +399%
5. Cleveland-Cliffs(PBR816), $7.15, +353%

Range: +442% to -96%
Number of Companies >0.0%: 860/997
Average: +26.1%; Median: +23.8%

To get the full Snapshot 13 report go to The PBR1000 Subscribe page.

Boeing(PBR27) to acquire Manassas, VA, based 550 employees across 6 states autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles developer Aurora Flight Sciences, terms not disclosed. $BA PR link.

Sears(PBR93) borrows $100 million at 11% interest from Chairman/CEO Eddie Lampert’s ESL Investments, can borrow up to $100 million before 12/01/17. $SHLD PR link.

Whirlpool(PBR138) gets unanimous US International Trade Commission safeguard ruling against Samsung and LG for washing machine imports, remedy hearing set for 10/19/17. $WHR PR link.

ADP(PBR235) acquires Irvine, CA, based digital payments processing platforms provider Global Cash Card, terms not disclosed. $ADP PR link.

MasterCard(PBR291) and PayPal(PBR252 $PYPL) expand digital partnership globally. $MA PR link.

DR Horton(PBR337) completes $17.75/share, $560 million cash 75% stake acquisition of Forestar Group(NYSE: FOR), will remain a public company. $DHI PR link.

Netflix(PBR447 $NFLX) raises subscription prices on premium services, plans to spend $7 billion on new content in 2018, up from $6 billion. MarketWatch PR link.

Arthur J Gallagher(PBR515) acquires Sudbury, Ontario, CAN, based human resources, employee benefits, wealth management and life insurance consulting and brokerage services area provider DiBrina Group, terms not disclosed. $AJG PR link.

Iron Mountain(PBR663) to acquire two Credit Suisse data centers in London and Singaporefor approximately $100 million, adds 273,000 sf to data center portfolio. $IRM PR link.

CME Group(PBR664) expands Asia Pacific footprint with opening of an office in Sydney, Australia$CME PR link.

Regeneron(PBR708) and Sanofi to continue marketing, selling and manufacturing Praluent® (alirocumab) injection in the US per US Court of Appeals Amgen(PBR135 $AMGN) patent challenge decision, new trial to start in 2018, permanent injunction vacated. $REGN PR link.

Lennox Intl(PBR631) promotes Gary Bedard to EVP & President/COO of Worldwide Refrigeration, effective 10/16/17, succeeds departing David Moon. $LII PR link.

Vista Outdoor(PBR784) hires Christopher Metz as CEO, effective 10/09/17. $VSTO PR link.

ADP(PBR235) sends shareholders letter urging them to re-elect the 10 current directors, not for Pershing Square nominees, at 11/07/17 annual shareholders meeting. $ADP PR link.

Williams-Sonoma(PBR508) appoints Bob Lord, IBM(PBR25)‘s Chief Digital Officer, to the Board. $WSM PR link.

The US Dept of Commerce/Census US Preliminary August Total Manufacturers New Orders was $471.7 billion, +1.2% from July, +3.9% from August 2016USDOC PR link.

The US Dept of Commerce US Preliminary August Total Exports were $195.3 billion, YTD(8 mos) $1.545 trillion, Total Imports were $237.7 billion, YTD $1.906 trillion; Deficit $42.4 billion, Deficit YTD $361.3 billion, August 2016 Deficit YTD was $332.2 billion. USDOC PR link.

***Wednesday, October 4:

The PBR1000 Top 5 September Stock Price Gainers YTD(Company, Rank by Revenues, Stock Symbol, Stock Price 09/29/17, % Change from 12/31/16) are:

1. Weight Watchers(PBR986), WTW, $43.55, +280%
2. Scientific Games(PBR689), SGMS, $45.85, +228%
3. Systemax(PBR899), SYX, $26.43, +201%
4. Restoration Hardware(PBR811), RH, $70.32, +129%
5. Conn’s(PBR912), CONN, $28.15, +123%

Range: +280% to -80%
Number of Companies >0.0%: 648/1,000
Average: +12.7%; Median: +9.1%

To get the full Snapshot 12 report go to The PBR1000 Subscribe page.

Amazon(PBR29) announces Alexa and the all-new Echo, Echo Plus, and Echo Dot now available in India, to be available in Japan later in the year. $AMZN PR link.

Amazon(PBR29 $AMZN) gets European Commission order to pay Luxembourg $294 million in back taxes. EC PR link.

Alphabet(PBR44 $GOOG)’s Google unit announces Pixel 2 & Pixel 2 LP smartphones, Home Mini speakers, Pixel BudsClips clip-on camera, Pixelbook & Pixelbook PenMarketWatch PR link.

World Fuel(PBR67) renews share repurchase program for up to $100 million, replaces 09/16 authorization. $INT PR link.

3M(PBR92) completes $2.0 billion acquisition of 1,500 employees worldwide safety devices provider Scott Safety from Johnson Controls(PBR68)$MMM PR link.

Gilead Sciences(PBR107) agreements with the Medicines Patent Pool and four manufacturers provides licenses for generic production of Bictegravir, for HIV treatments in low to middle income countries. $GILD PR link.

Kinder Morgan(PBR181), DCP Midstream(PBR929) and Targa Resources(PBR308) agree to jointly develop natural gas Gulf Coast Express Pipeline Project from Permian Basin to Texas coast$KMI PR link.

Gannett(PBR414) acquires majority interest in Phoenix, AZ, based online media & publishing company with 8.5 million monthly food enthusiasts Grateful Ventures, terms not disclosed. $GCI PR link.

Navient(PBR443) to acquire financial technology and education finance company Earnest for $155 million cash. $NAVI PR link.

Tailored Brands(PBR643) Men’s Wearhouse to be NHL Coaches Assn official custom suit provider for 2 years, providing 10 American made Joseph Abboud custom suits and ties for participating coaches. $TLRD PR link.

Beacon Roofing(PBR818) $2.625 billion cash acquisition of East Rutherford, NJ, based 208 locations in 31 states exterior and interior building products distributor Allied Building Products Corp from Ireland based CRH plc(NYSE: CRH) expects to close 01/02/18. $BECN PR link.

Verizon(PBR15) EVP & President/Global Media Marni Walden to leave in 02/18. $VZ PR link.

Pitney Bowes(PBR588) EVP & President/SMB Solutions Mark Shearer to retire in 1Q18, Jason Dies is successor, Christopher Stehmann now EVP/International SMB Solutions, Lila Snyder named EVP & President/Global Ecommerce & Presort Services. $PBI PR link.

Diebold Nixdorf(PBR676) promotes Devon Watson to newly created position of VP/Chief Marketing Officer. $DBD PR link.

Hain Celestial(PBR712) hires Julie Bowerman as SVP/Digital Engagement & eCommerce. $HAIN PR link.

Cedar Fair(PBR977) President/COO Richard Zimmer to become CEO, effective 01/01/18, CEO Matt Ouimet to become Executive Chairman, Debra Smithart-Oglesby lead independent director. $FUN PR link.

World Fuel(PBR67) appoints Stephen Gold, EVP/Technology & Operations Innovation for CVS Health(PBR11), to the Board. $INT PR link.

ADP(PBR235) reports US Preliminary September Change In Private Sector National Employment(Non-Farm) was +135,000 jobs, -40.8% from August, -37.8% from September 2016Goods Producing Sector was +48,000, Services +88,000. $ADP PR link.

The IHS Markit US September Composite PMI Output Index is at 54.8, August was 55.3, July54.6, September 2016 52.3. IHS Markit PR link.

The ISM US September Non-Manufacturing Index(>50 economy growing) is at 59.8%, August was 55.3%, July 53.9%, September 2016 57.1%. ISM PR link.

***Tuesday, October 3:

The PBR1000 Top 5 September Stock Price Gainers(Company, Rank by Revenues, Stock Symbol, Stock Price 08/31/17, % Change from 08/31/17) are:

1. Conn’s(PBR912), CONN, $28.15, +62%
2. Restoration Hardware(PBR811), RH, $70.32, +50%
3. Babcock & Wilcox(PBR914), BW, $3.33, +47%
4. Sears Hometown(PBR822), SHOS, $2.55, +46%
5. Revlon(PBR779), REV, $24.55, +45%

Range: +62% to -35%
Number of Companies >0.0%: 733/1,001
Average: +3.0%; Median: +4.4%

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Walmart(PBR1) acquires New York City, NY, 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows provider Parcel, terms not disclosed. $WMT PR link.

Ford(PBR10) redeploying assets, to focus on smart cars, shift products emphasis to trucks, SUVs. $F PR link.

Verizon(PBR15)‘s recently acquired Yahoo unit reveals that all 3 billion accounts may have been hacked in 08/13, original estimate was 1 billion. $VZ PR link.

Amazon(PBR29 $AMZN) has acquired 3D body model startup, Body Labs, for $50M-$70M.TechCrunch PR link.

Microsoft(PBR31) unveils a Windows Mixed Reality headset from Samsung, the Samsung HMD Odyssey, which joins the family of Windows Mixed Reality headsets, to be available 10/17/17. $MSFT PR link.

Alphabet(PBR44 $GOOG)’s Google unit YouTube TV, $35/month service, to live stream Major League Baseball’s World Series in sponsorship agreement. MLB PR link.

3M(PBR92) completes $200 million sale of its $95 million/year electronic monitoring business used by correctional and law enforcement agencies around the world to an Apax Partnersaffiliate. $MMM PR link.

Gilead Sciences(PBR107) completes $180/share, $11.9 billion cash acquisition of engineered cell therapies developer Kite Pharma(NASDAQ: KITE)$GILD PR link.

Amgen(PBR135) and CytomX Therapeutics(NASDAQ:CTMX) to co-develop a CytomX Probody™ T-cell therapies for multiple human cancer types. $AMGN PR link.

Office Depot(PBR182) to enter business services sector with $1 billion acquisition of $1.1 billion/year 6,000 licensed technicians IT services, products and solutions provider CompuCom Systems$ODP PR link.

Allergan(PBR219) gets US FDA approval for BOTOX® Cosmetic (OnabotulinumtoxinA) for temporary improvement in the appearance of some conditions of moderate to severe forehead lines. $AGN PR link.

Mylan(PBR346) gets US FDA approval for first generic for Teva Pharmaceutical’s Copaxone®, therapy for multiple sclerosis. $MYL PR link.

ARRIS Intl(PBR366) remains committed to $800 million cash acquisition of Brocade(PBR845)’s Ruckus Wireless and ICX Switch business from Singapore based Broadcom Ltd(NASDAQ: AVGO) once their merger is completed, which is being delayed. $ARRS PR link.

WABCO(PBR704) completes $250 million plus $225 million to $265 million over next 3 1/2 years based on earnings of the business acquisition of Meritor(PBR639) interest in Meritor WABCOjoint venture. $WBC PR link.

Scientific Games(PBR937) to acquire leading supplier of hole-card readers for blackjack provider Tech Art, to close in 1Q18, terms not disclosed. $SGMS PR link.

Mattel(PBR412) hires Joe Euteneuer as CFO, succeeds departed Kevin Farr. $MAT PR link.

Mattel(PBR412) hires Sven Gerjets as Chief Technology Officer, Amy Thompson as Chief People Officer, and Nancy Elder as Chief Communication Officer. $MAT PR link.

Welltower(PBR635) promotes John Goodey to EVP/CFO, succeeds departing Scott Estes. $HCN PR link.

Carlisle Cos(PBR650) hires Shelley Bausch as President/Carlisle Fluid Technologies. $CSL PR link.

Automotive News reports US September New Light Vehicle Sales were at 1,525,522 cars/trucks, +6.3% from September 2016Annual Rate at 18.58 million units. Automotive News PR link.

TrueCar says US Estimated September Total New Vehicle Sales at $46 billion, -1.1% from September 2016Average Transaction Price is $32,597, -1.1%, Incentive Per Unit Spending at $3,742. TrueCar PR link.

The Purdue/CME Group US September Ag Economy Barometer is at 132, August was also 132, July 139, September 2016 101, notes producers have waning optimism about US economy. Purdue/CME Group PR link.

Healthcare Study: Express Scripts(PBR860) analysis shows an estimated 870,000 Americans reached or exceeded a yearly medication cost threshold of $50,000 in 2016, up 35 percent from 2014. $ESRX PR link.

The National Retail Federation forecasts US 2017 Holiday Sales to grow 3.6-4.0%, $678.75 billion to $682 billion, up from $655.8 billion last year. NRF PR link.

***Monday, October 2:

GE(PBR9) completes $3.4 billion sale of Water & Process Technologies business to France based Suez and Canadian Caisse de dépôt et placement du Québec$GE PR link.

Johnson & Johnson(PBR37) completes divestiture of its $371.5 million/2016 Codman Neurosurgery business to Integra LifeSciences for around $1.045 billion. $JNJ PR link.

International Paper(PBR117) to reduce pension liabilities by transferring $1.3 billion in pension benefits for 45,000 former employees to Prudential Financial(PBR55) through the purchase of a group annuity contract for pension benefits and annuity administration. $IP PR link.

CenturyLink(PBR160) gets US Dept of Justice approval, based on certain conditions, for $66.50/share, $34 billion acquistion of Level 3 Communications(PBR375), now waiting additional regulatory approvals. $CTL PR link.

VF Corp(PBR232) completes $820 million cash acquisition of Williamson-Dickie Mfg. Co., a family-owned, private global workwear company, $875 million in revenues over the last 12 months. $VFC PR link.

Caesars Entertainment(PBR314) has approvals from all gaming authorities and stockholders, plans to complete merger with Caesars Acquisition and restructuring of Caesars Entertainment Operating Co on 10/06/17. $CZR PR link.

Fidelity Natl Financial(PBR331) completes spin-off of Black Knight(NYSE: BKI) as a separate public company. $FNF PR link.

Fidelity Natl Financial(PBR331) Group unit acquires majority interest in real estate digital transaction management and closing solutions SkySlope, used by 1,500 brokerages covering 5,000 offices, 140,000 agents to initiate 1.5 million real estate transactions/year. $FNF PR link.

Live Nation(PBR366) issues statement on Las Vegas Route 91 Harvest Festival shooting tragedy, pledges support and assistance for victims & employees. $LYV PR link.

Packaging Corp(PBR425) completes $265 million cash acquisition of Sacramento Container, Northern Sheets, and Central California Sheets$PKG PR link.

Coty(PBR524) completes acquisition of exclusive long-term global license rights for Burberry Beauty luxury fragrances, cosmetics and skincare. $COTY PR link.

Pitney Bowes(PBR588) completes $475 million acquisition of private Austin, TX, based parcel delivery, returns, fulfillment and digital commerce solutions for retailers and ecommerce brands provider Newgistics$PBI PR link.

Carlisle Cos(PBR650) to acquire Maryland Heights, MO, based $430 million revenues/year polyurethane products and solutions provider Accella Performance Materials from Arsenal Capital Partners for $670 million cash. $CSL PR link.

Tesla(PBR651) delivers 26,150 vehicles in 3Q17, 14,065 were Model S, 11,865 Model X, and 220 Model 3; expects to deliver 100,000 Model S & Model X’s in 2017, up 31% from 2016, removing bottlenecks for Model 3 production. $TSLA PR link.

Equifax(PBR795) says cybersecurity firm has concluded forensic investigation of cybersecurity event disclosed 09/07/17, raises total number of US consumers affected from 143 million to 145.5 million. $EFX PR link.

Griffon Corp(PBR890) completes $200 million acquisition of Emerson Electric(PBR109)‘s $300 million+ revenues/year 1,500 employees ClosetMaid unit. $GFF PR link.

Regis Corp(PBR912) completes sale and subsequent franchise of all mall-based salons and UK businesses, 1,108 salons with 9,800 stylists & managers, to Regent affiliate The Beautiful Group$RGS PR link.

TeleFlex(PBR923) completes $725 million plus up to $375 million based on milestones achieved acquisition of private urology medical devices developer NeoTract$TFX PR link.

Allscripts(PBR944) completes $185 million cash acquisition of McKesson(PBR6)‘s hospital/health system IT business, Enterprise Information Solutions$MDRX PR link.

Vitamin Shoppe(PBR968) enters China marketvia digital platform in partnership with Macy’s(PBR97) China Limited using Alibaba‘s online Tmall Global service. $VSI PR link.

Cincinnati Bell(PBR988) completes $201 million cash acquisition of N America/UK technology services/solutions provider OnX Enterprise Solutions$CBB PR link.

Principal Financial(PBR265) to promote Julia Lawler to Chief Risk Officer, effective 01/01/18, succeeds retiring Greg Elming. $PFG PR link.

CF Industries(PBR502) hires Susan Menzel as SVP/Human Resources, effective 10/05/17. $CF PR link.

Diplomat Pharmacy(PBR515) acquires Tennessee based product development, IT outsourcing, and consulting services provider 8th Day Software and Consulting, names its founder Dave Loschinskey as DPLO’s Chief Information Officer. $DPLO PR link.

Dentsply Sirona(PBR694) appoints Mark Thierer interim CEO, Bob Size interim President/COO, Eric Brandt Non-Executive Chairman, follows resignations of Jeffrey Slovin, Christopher Clark, and Bret Wise. $XRAY PR link.

ServiceMaster(PBR704) appoints Dion Persson to SVP/Business Development, to focus on spin-off of new stand-alone public company American Home Shield in 2018. $SERV PR link.

Scientific Games(PBR937) hires Shawn Dennis as EVP/Chief Marketing Officer. $SGMS PR link.

GE(PBR9) Chairman Jeff Immelt steps down per plan, CEO John Flannery elected to additional role of Chairman. $GE PR link.

Citigroup(PBR28) elects John C. Dugan, former Comptroller of the Currency, and S. Leslie Ireland, former Asst Secretary for Intelligence and Analysis for the US Treasury Dept, to the Board. $C PR link.

The US Dept of Commerce/Census says US Preliminary August Total Construction Spending Annual Rate is at $1.218 trillion, +0.5% from July, +2.50% from August 2016USDOC PR link.

The ISM US September Manufacturing PMI Index is at 60.8%, August was 58.8%, July56.3%, September 2016 49.4%. ISM PR link.

The IHS Markit Final September Manufacturing PMI is at 53.1, August was 52.8, July 53.3, September 2016 51.5. IHS Markit PR link.

***Friday, September 29:

The PBRMarketTools US Stock Exchanges Recap for the Week and Month Ending 09/29/17:
DJIA ends at 22,405.09, +0.25% from last Friday, +2.08% MTD, +4.94% QTD, +13.37% YTD, -0.03% from record 22,412.59 set 09/20/17.
NASDAQ ends at record 6,495.96, +1.07% from last Friday, +1.05% MTD, +5.79% QTD, +20.67% YTD, +0.00% from record 6,495.96 set 09/29/17.
SPX ends at record 2,519.36, +0.68% from last Friday, +1.93% MTD, +3.96% QTD, +12.53% YTD, +0.00% from record 2,519.36 set 09/29/17.

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-282-4100.

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The PBR1000 September 2017 Breaking News Recap

September 2017: Steadiness Amid The Chaos

SOS-digitalart ID-10053412

With wars, a record number of refugees, and extreme weather conditions, there is a worldwide call for help. Please assist as you are able.

By Larry C. Paxton

In September the world was swirling in a thousand different directions with record strength hurricanes, destructive earthquakesterrifying nuclear and missile testsnever ending local and regional wars, continued geopolitical uncertainties, elections, and unrest.

Nevertheless, the economies of the US and the world continued to grow at modest to moderate rates with most forecasts indicating more of the same in the years ahead.

Somehow it doesn’t make sense and you wonder when and how this will all resolve itself. Right now just about any scenario can be plausible. We will rapidly close in on the end of 2017 and it will be interesting to see what the legacy is.

Here’s a quick September 2017 summary on key activities that relate to The PBR1000:

The PBR1000 Mergers & Acquisitions: 25 deals worth at least $1 billion initiated, closed, or updated. Total transaction value was $94 billion.

The PBR1000 Spinoffs: 2

The PBR1000 Share Repurchase Programs: 17 announcements, total $8.8 billion.

The PBR1000 Bankruptcies: 1 initiated or updated

The PBR1000 CEO Changes: 7 announced.

Jobs/Wages: 4.2% unemployment rate, modest wage growth.

US Economy: Modest/moderate growth continues, stable but fragile.

Federal Reserve Federal Funds Rate Changes: No change, remains 1.00-1.25%, another increase possible in 2017.

US Stock Market Exchanges: All three US major stock exchanges established new closing records during the month. The Stock Market Bull easily won September(See The PBR1000 September Stocks/Commodities Snapshots blog post.)

The PBR1000 Additions: 6, Knight-Swift Transportation(PBR990, $KNX), per merger mentioned in Removals, DowDuPont(PBR48, $DWDP), per merger mentioned in Removals, Coca Cola Bottling(PBR643, $COKE), the largest US independent bottler for Coca Cola Company(PBR62, $KO), Norwegian Cruise Lines(PBR487, $NCLH)Sabre Corp(PBR615, $SABR)Signet Jewelers(PBR392, $SIG)

The PBR1000 Removals: 8, Knight Transportation(PBR977) and Swift Transportation(PBR547), merged to form Knight-Swift(PBR990, $KNX), Dow Chemical(PBR48) and EI DuPont(PBRPBR82), merged to form DowDuPont(PBR48, $DWDP), Staples(PBR122), acquired by Sycamore Partners, Cabela’s(PBR606), acquired by Bass Pro Shops, Parexel Intl(PBR762), acquired by Pamplona Capital Management, ARO Liquidation(PBR924), fka Aeropostale, in bankruptcy, selling off assets.

National: Hurricane Irma attacks Florida, then Hurricane Maria devastates Puerto Rico; Obamacare Repeal vote cancelled; President Trump rescinds DACA; US debt ceiling increased; proposed tax plans introduced; Supreme Court reinstates President Trump travel ban; President Trump interviews Federal Reserve Chairperson candidates; Russian involvement in US election investigation still in progress, controversial Playboy founder Hugh Heffner dies.

International: N Korea nuclear test; N Korea missile launch over Japan; German elections, Angela Merkel wins, but results disappoint; Mexico earthquakesBrexit negotiations continue; continuations of Middle East conflictsrefugee crisisoil/gold prices fluctuate; Japan parliament dissolved, snap election called.

The PBR1000 September Breaking News Items

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for September 2017, starting with the last active business day.

***Friday, September 29:

The PBRMarketTools US Stock Exchanges Recap for the Week and Month Ending 09/29/17:
DJIA ends at 22,405.09, +0.25% from last Friday, +2.08% MTD, +4.94% QTD, +13.37% YTD, -0.03% from record 22,412.59 set 09/20/17.
NASDAQ ends at record 6,495.96, +1.07% from last Friday, +1.05% MTD, +5.79% QTD, +20.67% YTD, +0.00% from record 6,495.96 set 09/29/17.
SPX ends at record 2,519.36, +0.68% from last Friday, +1.93% MTD, +3.96% QTD, +12.53% YTD, +0.00% from record 2,519.36 set 09/29/17.

AIG(PBR46) welcomes decision of Financial Stability Oversight Council’s decision to remove AIG’s designation as a Systemically Important Financial Institution (SIFI)$AIG PR link.

Merck(PBR70) discontinuing development of 2 therapies for chronic hepatitis C, to focus on ZEPATIER® (elbasvir and grazoprevir)$MRK PR link.

Community Health Systems(PBR125)completes divestiture of 5 Pennsylvaniahospitals per 30 hospitals planned divestiture program announced 2Q17. $CYH PR link.

Caesars Entertainment(PBR314) prices $5.7 billion in senior secured credit facility and $1.7 billion senior notes due 2025, to be used in a full repayment of all existing debt at Caesars Entertainment Resort Properties and Caesars Growth Properties Holdings, to result in $260 million savings over original debt, funds to be available upon emergence from bankruptcy by Caesars Entertainment Operating Companyand other conditions. $CZR PR link.

Quest Diagnostics(PBR353) completes acquisition of the Outreach Laboratory Services of two Hartford HealthCare Hospitalsin Connecticut, terms not disclosed. $DGX PR link.

Alliant Energy(PBR634) to build 300 megawatt 121 turbines Upland Prairie Wind Farm in Clay & Dickinson counties in NW Iowa, construction to start in spring 2018, to serve 130,000 homes/year, part of proposed $1.8 billion 1,000 megawatt plan for Iowa. $LNT PR link.

Vulcan Materials(PBR685) announces Vancouver, British Columbia, based Polaris Materials Corporation (TSX:PLS) has terminated agreement to be acquired because it has received a superior offer, has paid Vulcan $10 million(Canadian) termination fee. $VMC PR link.

Wolverine World Wide(PBR722) sells US Dept of Defense footwear business and Big Rapids, MI, factory to Original Footwear, terms not disclosed. $WWW PR link.

PAREXEL Intl(PBR762) $88.10/share, $5.0 billion cash acquisition by Pamplona Capital Management is completed. $PRXL PR link.

Eli Lilly(PBR142) promotes Josh Smiley to SVP/CFO, to succeed retiring Derica Rice, Myles O’Neill to SVP & President/Manufacturing Operations, both effective 01/01/18, Dan Skovronsky, MD, PhD, to SVP/Science and Technology and President/Research Labs, effective 06/01/18. $LLY PR link.

Becton Dickinson(PBR318) to add two directors from soon to be acquired CR Bard(PBR637) to its Board, Timothy Ring, Chairman/CEO, and David Melcher, President/CEO of the Aerospace Industries Association (AIA). $BD PR link.

The US Dept of Treasury reports that the US National Debt Total on 09/28/17 was $14.649 trillion Public, $5.554 trillion Intragovernmental, $20.203 trillion Total Debt, +1.8% from 08/31/17, +3.2% from 09/30/16Treasury PR link.

The US Dept of Commerce/BEA says US Preliminary August Total Personal Income Annual Rate is at $16.469 trillion, +0.2% from July, +2.3% from August 2016Personal Savings Rate at 3.6%, Effective Tax Rate12.5%. USDOC PR link.

The Federal Reserve Bank of Chicago 7th District Preliminary August Midwest Economy Index is at 0.10, July was 0.30. June0.43, August 2016 -0.17. ChiFed PR link.

MNI/ISM-Chicago reports that the MNI Chicago September Barometer Index(>50 gaining> is at 65.2, August was 58.9, July 58.9, September 2016 54.2. MNIChi PR link.

The American Automobile Assn says the US Average Price/Gallon of Regular Gas on 09/29/17 was $2.568, +4.9% from 08/31/18, +15.9% from 09/30/16AAA PR link.

The U of Michigan US Final September Consumer Sentiment Index is at 95.1, Augustwas 96.8, July 93.4, September 2016 91.2. UMich PR link.

The Gold Price/Ounce Closing Price(GCZ7 12/17) on 09/29/17 was $1,282.50, -3.3% from 08/31/17, +11.4% from 12/31/16, -2.8% from 09/30/16$GOLD PR link.

The US Dept of Treasury reports the US 1 Year Treasury Bill Yield at Close on 09/29/17 was 1.31%, 08/31/17 was 1.23%, 12/31/16 0.85%, 09/30/16 0.59%. Treasury PR link.

The Euro/USD Closing Exchange Rate on 09/29/17 was $1.1814, -0.9% from 08/31/17, +5.1% from 09/30/16$EURUSD PR link.

***Thursday, September 28:

Amazon(PBR29) to open 650,000 sf fulfillment center in Euclid, OH, to employ 1,000+ fulltime, to be 5th center in Ohio. $AMZN PR link.

Lockheed(PBR64) authorizes additional $2 billion share repurchase program, balance available is now $4 billion. $LMT PR link.

Andeavor(PBR71) to complete incentive distribution rights for 59% buy-in after Andeavor Logistics(NYSE: ANDX) completes acquisition of Western Refining Logistics(NYSE: WNRL)for $1.8 billion(includes debt). $ANDV PR link.

Tyson(PBR80) boosts 2017 EPS guidance on strong beef segment performance, to eliminate 450 positions mostly in corporate offices in restructuring effort. $TSN PR link.

Amgen(PBR135) and AbbVie(PBR136)dismisses all pending patent litigation, allows commercialization of AMGEVITA™, an AbbVie HUMIRA® (adalimumab) biosimilar, Amgen to launch AMGEVITA in $4 billion market Europeon 10/17/17, in US on 01/31/23. $AMGN PR link.

Eli Lilly(PBR142 $LLY) gets US FDA approvalfor Verzenio (abemaciclib) therapy for certain advanced or metastatic breast cancers. FDA PR link.

Starbucks(PBR178) extends licensing agreement with long-time Asia strategic partner Maxim’s Caterers Limited to include exclusive rights for Singapore$SBUX PR link.

YUM!(PBR217)’s Taco Bell unit and fashion retailer Forever 21 to introduce new limited edition Forever 21 x Taco Bell collection on 10/10/17, to be available in Forever 21 stores and online 10/11/17. $YUM PR link.

KKR(PBR332) completes majority interest acquisition of global manufacturer, marketer, distributor and retailer of vitamins, nutritional supplements, sports & active nutrition and ethical beauty products Nature’s Bounty, hires Paul Sturman to be its CEO, succeeds departing Steve Cahillane. $KKR PR link.

Netflix(PBR447 $NFLX) to create Netflix Canada, invest minimum $400 million over 5 years, to establish permanent, multi-purpose film and television production presence for global distribution, first such venture outside the US. Canada Heritage Ministry PR link.

Invesco(PBR469) to acquire Guggenheim Investments’ exchange-traded funds (ETF)business, includes $36.7 billion of assets under management as of 08/31/17, for $1.2 billion cash. $IVZ PR link.

NVIDIA(PBR510) now offering interactive voice Google Assistant with its Shield TV streaming service. $NVDA PR link.

NASDAQ(PBR618) evaluating strategic alternatives for the Public Relations Solutionsand Digital Media Services units, do $195 million/year, wants to allocate more resources towards technology, data and analytics opportunities, leveraging its capital markets foundation. $NDAQ PR link.

MEDNAX(PBR794) acquires Hartford, CT, based 10 outpatient centers, exclusive provider to 7 regional hospitals Jefferson Radiology and Jefferson Imaging Associates, 60+ physicians, terms not disclosed. $MD PR link.

GoPro(PBR902) announces HERO6 Blackfeaturing 4K60 and 1080p240 video, $499.99, and Fusion, a waterproof, mountable 5.2K spherical camera, $699.99. $GPRO PR link.

Chevron(PBR3) to promote Mike Wirth to Chairman/CEO, effective 02/01/18, to succeed retiring John Watson, Mark Nelson to succed Wirth as VP/Midstream, Strategy & Policy. $CVX PR link.

Philip Morris Intl(PBR35) CFO Jacek Olczak to become COO, President/Asia Region Martin Luther to become CFO, restructuring from 4 to 6 geographic Regions. $PM PR link.

Kellogg(PBR198) Executive Chairman/CEO John Bryant retires as CEO, to remain Chairman until 03/15/17, Steven Cahillane hired as CEO, effective 10/02/17, to also be Chairman on 03/15/17. $K PR link.

Brown-Forman(PBR563) promotes Lawson Whiting to COO, effective 10/01/17. $BFA PR link.

Helmerich & Payne(PBR600) VP/CFO Juan Pablo Tardio to retire in 06/18, successor search starts. $HP PR link.

The US Dept of Labor says US 4 Week Average Initial Unemployment Insurance Claims on 09/23/17 were at 277,750, +17.3% from 08/26/17, +8.5% from 09/24/16Uninsured Unemployment Rate remains at 1.4%. USDOL PR link.

The US Dept of Commerce says US 2Q17 3rd Estimate of Gross Domestic Product Annual Rate is +3.1%, $19.250 trillion, +1.0% from 1Q17, +3.8% from 2Q16USDOC PR link.

FreddieMac(PBR41) says US 30 Year Fixed Rate Mortgages on 09/28/17 Averaged 3.83% with 0.6 points/fees, 08/31/17 was 3.82% with 0.5 points/fees, 09/29/16 was 3.42% with 0.5 points/fees. $FMCC PR link.

***Wednesday, September 27:

Walmart(PBR1) relaunches Parent’s Choicebrand – including everything from diapers to blankets to wipes to baby food, to grow to more than 275 items. $WMT PR link.

Ford(PBR10) to develop self-driving cars for Lyft$F PR link.

Amazon(PBR29) introduces new Fire TV for $69.99, $AMZN PR link., and newly designed Echo with Alexa($99.99) and Echo Plus($149.99) smart home hub, $AMZN PR link.

Delta(PBR72) is 1st US global airline carrier to offer free mobile messaging in flight, effective 10/01/17. $DAL PR link.

Medtronic(PBR133) gets US FDA approval for HeartWare(TM) HVAD(TM) System as a destination therapy for patients with advanced heart failure who are not candidates for heart transplants. $MDT PR link.

Abbott Labs(PBR134) gets US FDA approvalof FreeStyle® Libre Flash Glucose Monitoring System as replacement for routine finger sticks1for adults with diabetes. $ABT PR link.

Praxair(PBR233) shareholders approve 50/50 stock ownership deal with Germany based Linde AG(Xetra: LIN) to become a $30 billion/year Linde plc, plan to close 2H18. $PX PR link.

Applied Materials(PBR299) authorizes new up to $3 billion share repurchase program. $AMAT PR link.

Campbell Soup(PBR326) says $700 million cash acquisition of $218 million revenues/last 12 months organic broth/soup and shelf-stable plant-based beverages and other meals/sides producer Pacific Foods of Oregon subject to resolution of recently filed $250 million lawsuit against PFO. $CPB PR link.

Wabash Natl(PBR917) completes $21/share, $364 million acquisition of Goshen, IN-based 2nd largest US manufacturer of truck bodies with 2016 sales of $299 million Supreme Industries(NYSE MKT:STS)$WNC PR link.

Gilead Sciences(PBR107) COO Kevin Young to retire by 03/31/18. $GILD PR link.

Core-Mark(PBR271) promotes Scott McPherson to newly created position of President/COO, SVP/US Distribution-West Christopher L. Walsh to retire by 12/31/17, to be succeeded by SVP/Sales & Marketing Christopher Hobson. $CORE PR link.

Flowers Foods(PBR594) hires Debo Mukherjee as Chief Marketing Officer, effective 10/02/17. $FLO PR link.

La-Z-Boy(PBR918) SVP/CFO Mike Riccio to retire in 06/18, national successor search starts. $LZB PR link.

PayPal(PBR254) appoints Rodney Adkins, former IBM(PBR25) senior executive, to the Board. $PYPL PR link.

Hormel Foods(PBR293) Chairman Jeffrey Ettinger retires, President/CEO Jim Snee to add Chairman role, effective 11/20/17. $HRL PR link.

The US Dept of Commerce says US Preliminary 2Q17 US Assets were at $25.938 trillion, Liabilities $33.873 trillion, Deficit $7.935 trillion, 1Q17 Deficit was $8.092 trillion. USDOC PR link.

The US Energy Information Administrationreports 09/22/17 US Crude Oil Stocks were at 471.0 million barrels, +2.9% from 08/25/17, -0.2% from 09/23/16EIA PR link.

***Tuesday, September 26:

Amgen(PBR135) and China based Simcere Pharmaceutical announce strategic collaboration co co-develop and commercialize certain inflamation and oncology biosimilars In China. $AMGN PR link.

Aramark(PBR184) gets multi-year agreement to be the official retail partner for NFL events across the country. $ARMK PR link.

Parker Hannifin(PBR218) acknowledges US Dept of Justice filing regarding its US qualified aviation ground fuel filtration business, total related annual revenues less than $20 million. $PH PR link.

JCPenney(PBR234) to offer Frigidaire® kitchen appliances in 600 major appliance showrooms and online starting 10/01/17, also launches first-ever cookware line from celebrity chef Ayesha Curry$JCP PR link.

Blackstone(PBR352) completes acquisition of world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries International Market Centers, with 12.2 million sf of exhibition space, from Bain Capital & affiliates, terms not disclosed. $BX PR link.

Newell Brands(PBR434) resumes share repurchase program suspended in 4Q15, $256 million of $500 million authorization is available. $NWL PR link.

Clorox(PBR442)’s Kingsford unit to offer Kingsford® branded pre-cooked ribs and barbecue entrees starting in 12/17 through multi-year agreement with unit of Carl Buddig & Co$CLX PR link.

Chipotle(PBR561) enters partnership with chef Richard Blais for its Tasty Made burger restaurant. $CMG PR link.

Cabela’s(PBR606) $61.50/share, $5 billion acquisition by Bass Pro Shops has been completed. $CAB PR link.

IAC(PBR665)’s Vimeo unit to acquire 10 million+ events/year LiveStream, terms not disclosed, launches its own Vimeo Livestreaming service. $IAC PR link.

Twitter(PBR735) making a 280 character limit version available to a small test group, provides some initial results. $TWTR PR link.

Griffon Corp(PBR890) amends purchase price for Emerson Electric(PBR109 $EMR)‘s $300 million+ revenues/year ClosetMaid unit from $260 million to $200 million due to increased manufacturing costs, to close 10/02/17. $GFF PR link.

Northrop Grumman(PBR113) COO Gloria Flach and VP/Government Relations Sid Ashworth to retire on 12/31/17, Kathy J. Warden to become President/COO, Mark Caylor to be VP and President/Mission Systems, Shawn Purvis to be VP and President/Enterprise Services, Lesley Kalan to be VP/Government Relations. $NOC PR link.

Kohl’s(PBR149) Chairman/President/CEO Kevin Mansell to retire in 05/18, Michelle Gass to become CEO, COO Sona Chawla to become President. $KSS PR link.

Equifax(PBR795) Chairman/CEO Richard Smith retires, Board member Mark Feidler appointed Chairman, Paulino do Rego Barros, Jr, appointed Interim CEO, CEO search starts. $EFX PR link.

Kaman Corp(PBR934) corporate EVP and President/Aerospace Group Gregory Steiner to retire 01/02/18, hires Richard Barnhart as President/Aerospace Group, effective 10/01/17. $KAMN PR link.

Comerica(PBR740) appoints Barbara R. Smith, CEO of Commercial Metals(PBR362), to the Board. $CMA PR link.

The US Dept of Commerce/HUD reports US Preliminary August New Family Homes Sold Annual Rate at 560,000, -3.4% from July, -1.2% from August 2016Median Price is $300,200, -6.2% from July, -0.7% from August 2016HUD PR link.

The S&P/CoreLogic/Case-Shiller Home Price Index(01/2000=100) was 194.10 in July, 192.70 in June, 190.93 in May, 183.22 in July 2016Case-Shiller PR link.

The Federal Reserve Bank of Richmond says the 5th District September Annualized Manufacturing Index is at 19%, August was 14%, July 14%, September 2016 -6%. RichmondFed PR link.

The Federal Reserve Bank of Richmond says the 5th District September Service Sector Revenue Index is at 22%, August was 22%, July 12%, September 2016 10%. RichmondFed PR link.

The Conference Board says the US Preliminary September Consumer Confidence Index(1985=100) is at 119.8, August was 120.4, July 120.0, September 2016 103.5. TCB PR link.

***Monday, September 25:

GE(PBR9 $GE) Industrial Solutions unit, based in Atlanta, GA, with a 13,500 employees globally, $2.7 billion revenues/2016, to be acquired by Switzerland based ABB for $2.6 billion, to close 1H18. ABB PR link.

Amazon(PBR29) Web Services unit to open data centers in the Middle East by early 2019, to launch an AWS Edge Network location in the United Arab Emirates (UAE) in 1Q18. $AMZN PR link.

Target(PBR40) to raise minimum wage to $11/hour in 10/17, commits to minimum $15/hour by end of 2020. $TGT PR link.

AIG(PBR46) reorganizes, no longer has Commercial and Consumer segments, transitioning to General Insurance led by CEO Peter Zaffino, Life & Retirement led by CEO Kevin Hogan, and a stand-alone, technology-enabled platform led by CEO Seraina Macia. Rob Schimek, CEO of Commercial, leaving by 10/31/17. $AIG PR link.

Amgen(PBR135) says critical manufacturing areas in its Juncos, Puerto Rico, not significantly impacted by Hurricane Maria, no inventory lost, no interruption to patient supply anticipated, working to return to normal operations, has 2,000 employees in Puerto Rico. $AMGN PR link.

AbbVie(PBR136) says facilities in Puerto Ricoare intact, operational, and are returning to normal after Hurricane Maria, running on generators, has 1,200 employees on the island. $ABBV PR link.

Genuine Parts(PBR191) to acquire London, UK, based second largest European distributor of vehicle parts, tools and workshop equipment, 7,500 employees, 1,800 stores, Alliance Automotive Group for $2 billion, to close 4Q17. $GPC PR link.

Allergan(PBR219) authorizes new $2 billion share repurchase program, recently completed $15 billion program. $AGN PR link.

SunTrust Banks(PBR307) to sell its commercial lines insurance premium finance subsidiary, $1.4 billion in assets Premium Assignment Corporation (PAC), to IPFS Corporation, terms not disclosed. $STI PR link.

TechnipFMC(PBR334) authorizes up to $500 million share repurchase program through 12/31/18. $FTI PR link.

NVIDIA(PBR510) CEO/Founder Jensen Huang kicks off global GTC Tour, unveiling AI tools and partnerships in China, including Alibaba, Tencent, Baidu, JD.com and iFlyTech for cloud services, and OEMs Huawei, Inspur, and Lenovo$NVDA PR link.

Arthur J Gallagher(PBR515) acquires Naples, FL, based retail property/casualty broker and benefit consultant Premier Insurance dba Lutgert Insurance, terms not disclosed. $AJG PR link.

Colfax(PBR517) to sell its $463 million revenues in 2017 Fluid Handling business to CIRCOR for $860 million cash, to close in 4Q17. $CFX PR link.

American Equity(PBR859) to transition its 78,000 members National Guard and Fire Fighter group life insurance coverage to Armed Forces Benefit Association(AFBA), terms not disclosed. $AEL PR link.

Synovus Financial(PBR966) completes acquisition of certain Cabela’s(PBR606 $CAB)assets and liabilities for $1.2 billion, which will then sell credit card assets/related liabilities to Capital One(PBR116 $COF), which will become exclusive 10 year VISA(PBR224 $V) card provider. $SNV PR link.

Allergan(PBR219) EVP/CFO Tessa Hilado to retire upon appointment of successor. $AGN PR link.

HanesBrands(PBR459) hires Barry Hytinen as CFO, effective 10/16/17. $HBI PR link.

Moody’s(PBR636) hires Melanie Hughes as Chief Human Resources Officer. $MCO PR link.

Tempur Sealy(PBR687) promotes Bhaskar Rao to EVP/CFO, effective 10/13/17, succeeds departing Barry Hytinen. $TPX PR link.

Bristow Group(PBR919) directors Bruce Stover and David Gompert to depart Board in 03/18, Gaurdie Banister Jr, former Shell Oil senior executive, to join Board on 10/01/17. $BRS PR link.

The Federal Bank of Chicago says the Preliminary August National Activity Index is at -0.31, July was +0.03, June +0.16, August 2016 -0.43. ChiFed PR link.

***Friday, September 22:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 09/22/17:
DJIA ends week at 22,349.59, +0.36% from last Friday, +1.83% MTD, +4.68% QTD, +13.09% YTD, -0.28% from record 22,412.59 set 09/20/17.
NASDAQ ends week at 6,426.92, -0.33% from last Friday, -0.03% MTD, +4.67% QTD, +19.39% YTD, -0.53% from record 6,461.32 set 09/19/17.
SPX ends week at 2,502.22, +0.08% from last Friday, +1.24% MTD, +3.25% QTD, +11.76% YTD, -0.24% from record 2,508.24 set 09/20/17.

Johnson & Johnson(PBR37) Janssen unit receives Complete Response Letter from US FDA for Sirukumab, for treatment of moderate to severe rheumatoid arthritis, of Biologics License Application, planning a follow-up session with FDA. $JNJ PR link.

Cisco(PBR60) completes $320 million cash acquisition of Sunnyvale, CA, based hyperconvergence software developer Springpath$CSCO PR link.

Merck(PBR70) gets US FDA approval for KEYTRUDA® (pembrolizumab) use for certain advanced gastric cancers. $MRK PR link.

International Paper(PBR117) to invest $300 million to convert its No. 15 paper machine at Riverdale Mill in Selma, AL, from uncoated freesheet to high quality whitetop linerboard and containerboard, to add 450,000 tons of annual capacity, provide some flexibilities. $IP PR link.

Abbott Labs(PBR134) gets US FDA approvalfor MRI-compatibility for its ELLIPSE™ ICDused for treatment of abnormally fast heart rhythms. $ABT PR link.

ConAgra(PBR166) to acquire Angie’s Artisan Treats, the maker of Angie’s BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth, terms not disclosed. $CAG PR link.

Bristol-Myers Squibb(PBR185)’s Opdivo® (nivolumab) gets US FDA approval for treatment of hepatocellular carcinoma patients previously treated with sorafenib. $BMY PR link.

Allergan(PBR219) gets Refusal to File Letterfrom US FDA for Vraylar® (cariprazine) supplemental New Drug Application (sNDA)for the treatment of negative symptoms in schizophrenia, to meet with FDA to address issues. $AGN PR link.

TSYS(PBR790) President/COO Pamela Joseph resigns, effective 09/30/17; Chairman/CEO M Troy Woods to assume additional role of President, commits to being CEO through at least end of 2020. $TSS PR link.

Ferrellgas(PBR801) hires Doran Schwartz as CFO, effective 10/16/17, to succeed Al Heitmann, who will remain in an advisory role until his retirement on 01/31/18. $FGP PR link.

Insperity(PBR814) appoints Ellen Masterson, a former PriceWaterhouseCoopers executive, as a new independent director. $NSP PR link.

***Thursday, September 21:

ExxonMobil(PBR2) Baytown and Beaumontrefineries begin fuels production, chemical plants ramping up to normal operations as recovery continues from Hurricane Harvey$XOM PR link.

Alphabet(PBR44 $GOOG)’s Google unit to pay $1.1 billion to Taipei, Taiwan, based smartphone developer HTC(TWSE: 2489) for some employees working on Pixel smartphones and for non-exclusive license of certain HTC intellectual property. HTC PR link.

Texas Instruments(PBR220) increases quarterly dividend by 24% to $0.62/share, adds $6.0 billion share repurchase program, balance available is now $10.6 billion. $TXN PR link.

Core-Mark(PBR271) gets 3 year food service distribution services renewal agreement for 4,500 Rite-Aid(PBR105 $RAD) drug stores. $CORE PR link.

AECOM(PBR322) announces capital allocation policy and $1 billion stock repurchase authorization. $ACM PR link.

Blackstone(PBR352) to acquire Darmstadt, Germany, based 2,300 employees global applied measuring technology provider Schenck Process from IK Investment Partners, terms not disclosed. $BX PR link.

Perrigo(PBR565) gets US FDA approval for its AB rated generic version of opioid agonist Exalgo®(hydromorphone HCl) 32mg Extended Release Tablets, used for certain pain therapies, $35 million market. $PRGO PR link.

FMC Corp(PBR566) gets Competition Commission of India (CCI) approval for acquisition of certain assets of DuPont Crop Protection business for $1.2 billion cash, expects to close 11/01/17. $FMC PR link.

Minerals Tech(PBR949) authorizes $150 million 2 year share repurchase program, effective 10/01/17. $MTX PR link.

PPG(PBR190) EVP Viktor Sekmakas to retire, effective 09/30/17. $PPG PR link.

PPG(PBR190) SVP/Automotive Coatings Tim Knavish to become SVP/Industrial Coatings & other units, effective 09/30/17, succeeds departing Shelley Bausch, Gary Danowski to become VP/Automotive Coatings. $PPG PR link.

Dana(PBR382) promotes Christophe Dominiak to SVP/Chief Technology Officer, succeeds retiring George Constand. $DAN PR link.

Flowserve(PBR492) hires Lee Eckert as SVP/CFO, effective 10/09/17. $FLS PR link.

MDU Resources(PBR513) promotes Jason Vollmer to VP/CFO, effective 09/30/17, succeeds departed Doran Schwartz. $MDU PR link.

Citrix(PBR658) hires Mark J. Ferrer as EVP/Chief Revenue Officer, EVP/Worldwide Sales and Services Carlos Sartorius to assist in transition, retire at end of 2017. $CTXS PR link.

Tiffany(PBR551) elects Roger Farah as new Chairman, effective 10/02/17, succeeds Michael Kowalski who will remain as a director. $TIF PR link.

The US Federal Reserve Bank reports US 2Q17 Households & Nonprofits Net Worth at $96.196 trillion, +1.8% from 1Q17, +9.3% from 2Q16Fed PR link.

The Federal Reserve Bank of Philadelphiasays the Philadelphia September Manufacturing General Activity Indicator is at 23.8, August was 18.9, July 19.5, September 2016 11.6. PhillyFed PR link.

The Conference Board says US August Leading Economic Index(2010=100) is at 128.8, July was 128.4, June 128.1, August 2016 124.1. TCB PR link.

FreddieMac(PBR41) in September Outlookforecasts US new and existing home sales to increase 2% in 2018, house price growth of 4.9%, refinance share of mortgage activity to decline to 25%. $FMCC PR link.

The Natl Retail Federation estimates Halloween spending to reach record $9.1 billion, +8.3% from 2016. NRF PR link.

***Wednesday, September 20:

Walmart(PBR1) to again offer extra hours to associates rather than hire seasonal workers for the holidays, bringing back Holiday Helpers to assist customers. $WMT PR link.

Anthem(PBR38) to acquire Florida based 40,000 members Medicare Advantage health plans and healthcare delivery networks provider HealthSun, terms not disclosed. $ANTM PR link.

Beacon Roofing(PBR818) making public offering of 6,325,000 shares of its common stock for $47.50/share, expects to close on 09/25/17. $BECN PR link.

Scientific Games(PBR937) to acquire Las Vegas, NV, based 1,000 employees globally digital gaming provider NYX Gaming Group(TSXV: NYX) for around $631 million. $SGMS PR link.

Office Depot(PBR182) hires David Bleisch as EVP/Chief Legal Officer & Corporate Secretary, succeeds Steve Calkins who was promoted to President, Business Solutions Division in 05/17. $ODP PR link.

EOG Resources(PBR159) appoints C. Christopher Gaut, most recently Chairman/CEO of Forum Energy Technologies, to the Board, effective 10/01/17. $EOG PR link.

Citrix(PBR658) elects Ajei S. Gopal, currently President/CEO of engineering simulation developer ANSYS, to the Board. $CTXS PR link.

The Federal Reserve Open Market Committeefinishes meeting, says labor market has continued to strengthen and that economic activity has been rising moderately so far this year, federal funds interest rate remains 1.00-1.25%, balance sheet normalization programto start in 10/17. FOMC PR link.

The Natl Assn of Realtors says US August Existing Home Sales Annual Rate is at 5.35 million, -1.7% from July, +2.0% from August 2016Median Price is $253,500, -1.9% from July, +5.6% from August 2016NAR PR link.

***Tuesday, September 19:

Ford(PBR10 $F) to cut production for 1-3 weeks at 5 plants as demand slips. MarketWatch PR link.

Amazon(PBR29) announces all new Amazon Fire HD 10, retails for $149.99. $AMZN PR link.

Walgreens Boots Alliance(PBR36) gets regulatory clearance for purchase of 1,932 Rite Aid(PBR105) stores and related assets over 6 months starting in 10/17 for $4.375 billion cash. $WBA PR link.

Kohl’s(PBR149) to offer free returns of Amazon(PBR29 $AMZN) items at 82 stores across Los Angeles and Chicago areas starting in 10/17. $KSS PR link.

Swiss based Clariant confirms receipt of letter from investor White Tale Holdings, reconfirms its full commitment to $20 billion merger of equals with Huntsman Corp(PBR244 $HUN)Clariant PR link.

Huntsman Corp(PBR244) says Clariant 15%+ stockholder White Tale Holding‘s public letter is false and misleading regarding $20 billion merger of equals. $HUN PR link.

Post Holdings(PBR486) to acquire producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items Bob Evans Farms(NASDAQ: BOBE) for $77.00/share, $1.5 billion cash, to be completed 1Q18. $POST PR link.

TEGNA(PBR622) authorizes up to $300 million share repurchase program over 3 years, anticipates 2018 revenue and cash flow will be particularly strong, driven by both Olympics and Super Bowl advertising, very strong political spending, as well as further ramp up of multiple revenue initiatives. $TGNA PR link.

WABCO(PBR704) completes $145 million acquisition of private, Hanover, PA, based $130 million/2016 commercial vehicle technologies supplier RH Sheppard$WBC PR link.

Crocs(PBR1000) and British fashion designer Christopher Kane debut limited-edition Swiftwater Sandals, features a richly embellished rhinestone spin. $CROX PR link.

Xylem(PBR575) promotes Colin Sabol to SVP & President/Sensus & Analytics, effective 10/01/17, succeeds Randy Bays who will move into an advisory role. $XYL PR link.

Microsoft(PBR31) appoints Hugh Johnston, Vice Chairman/CFO of PepsiCo(PBR43) to the Board; G Mason Morfit to not stand for Board re-election in 11/17. $MSFT PR link.

eBay(PBR163) appoints Adriane Brown, currently advisor with Intellectual Ventures and former senior executive with Honeywell(PBR74), and Diana Farrell, Founding President/CEO at think tank JPMorgan Chase(PBR21) Institute, to the Board. EBAY PR link.

Colfax(PBR517) appoints Didier Teirlinck, strategic advisor to the CEO of Ingersoll Randand former EVP of Ingersoll Rand’s Climate segment, to its Board. $CFX PR link.

Twitter(PBR735) appoints Patrick Pichette, former SVP/CFO of Google, to the Board, effective 12/01/17; Hugh Johnston, Vice Chairman/CFO of PepsiCo(PBR43), to step down from Board, effective 10/01/17. $TWTR PR link.

The US Dept of Commerce/HUD says US Preliminary August Private Housing Building Permits Issued Annual Rate is at 1,300,000, +5.7% from July, +8.3% from August 2016USDOC PR link.

The US Dept of Labor reports US Preliminary August Import Prices were +0.6%, July -0.1%, June -0.2%, August 2016 -0.2%; Export Priceswere +0.6%, July +0.5%, June -0.1%, August 2016 -0.8%; YTD Import Prices are +2.1%, Export Prices +2.3%. USDOC PR link.

***Monday, September 18:

Valero Energy(PBR13) acquisition of Martinez and Richmond Terminals in California, assets of Plains All American Pipeline(PBR66 $PAA), terminated by mutual agreement. $VLO PR link.

Amazon(PBR29) to open 3rd fulfillment center in Portland, OR, 1 million sf facility, to create 1,000+ fulltime jobs. $AMZN PR link.

Amazon(PBR29) to open 4th fulfillment center in Ohio, a 1 million sf facility in Monroe, to create 1,000+ fulltime jobs. $AMZN PR link.

Macy’s(PBR97) to hire 80,000 seasonal associates in 2017, schedules national hiring event for 09/28-29/17. $M PR link.

Northrop Grumman(PBR113) to acquire global aerospace and defense technologies provider Orbital ATK(PBR655) for $134.50/share, $9.2 billion cash, includes $1.4 billion in debt, expects to close in 1H18. $NOC PR link.

Medtronic(PBR133) announces US FDA approval and US launch of Intellis(TM) platform for the management of certain types of chronic intractable pain. $MDT PR link.

L Brands(PBR247) authorizes new $250 million share repurchase program, includes $10.3 million remaining from previous $250 million plan. $LB PR link.

Henry Schein(PBR270) authorizes new up to $400 million share repurchase program, $25 million still available from previous authorization. $HSIC PR link.

Sanmina(PBR401) authorizes new up to $200 million share repurchase program, to be effective upon completion of current program which has a balance of $53 million. $SANM PR link.

Envision Healthcare(PBR581) authorizes up to $250 million share repurchase program. $EVHC PR link.

Taylor Morrison Home(PBR595) extends share repurchase program to 12/31/18, increases amount available to $100 million from $56.4 million balance remaining. $TMHC PR link.

Meritor(PBR639) to sell its interest in Meritor WABCO joint venture to WABCO(PBR704) for $250 million plus $225 million to $265 million over next 3 1/2 years based on earnings of the business. $MTOR PR link.

TD Ameritrade(PBR662) completes $4 billion cash/stock acquisition of private Scottrade Financial Services$AMTD PR link.

PAREXEL Intl(PBR762) shareholders approve acquisition by Pamplona Capital Managementfor $88.10/share, $5.0 billion cash, to close 09/29/17. $PRXL PR link.

Itron(PBR896) to acquire Internet of Important Things™ connectivity platforms and solutions to utilities and cities provider, $311 million in sales/2016 with $1.2 billion backlog Silver Spring Networks(NYSE: SSNI) for $16.25/share(25% premium over 09/15/17 closing price), $830 million cash. $ITRI PR link.

Apollo Global Mgmt(PBR906) completes $17.12/share, $1.1 billion acquisition of private clubs management provider ClubCorp(NYSE: MYCC)$APO PR link.

Scientific Games(PBR937) to re-incorporate from Delaware to Nevada pending special shareholders meeting approval. $SGMS PR link.

ManTech Intl(PBR938) to acquire private Bethesda, MD, based 300 employees IT solutions provider InfoZen for $180 million. $MANT PR link.

Verizon(PBR15) hires Rima Qureshi as EVP/Chief Strategy Officer, effective 11/06/17, to succeed Roy Chestnut who is departing by 12/31/17. $VZ PR link.

Ingredion(PBR415) EVP/Global Specialties & President/Americas Jim Zallie to become President/CEO on 01/01/18, current President/CEO/Chairman Ilene Gordon to be Executive Chairman until retirement in 07/18. $INGR PR link.

CommScope(PBR482) EVP/CFO Mark Olson to retire on 03/31/18, search firm being retained. $COMM PR link.

Envision Healthcare(PBR581) reorganizing, Karen Witty to be EVP/COO, Kevin Eastridge to be promoted to CFO, succeeds retiring Claire Gulmi, Physicians Services Group COO Brian Jackson to be President/Physicians Services, all effective 10/02/17. $EVHC PR link.

MSA Safety(PBR996) promotes Bob Leenen to President/MSA International, succeeds retiring Ronald Herring, Jr. $MSA PR link.

Dollar Tree(PBR309) CEO Bob Sasser assumes Executive Chairman role, Enterprise President Gary Philbin appointed President/CEO, Macon Brock remains on Board as Chairman Emeritus. $DLTR PR link.

Intel(PBR51) elects Andrew Wilson, CEO of Electronic Arts(PBR527 $EA), to the Board. $INTC PR link.

Cisco(PBR60) Executive Chairman John Chambers to not stand for re-election at 12/11/17 annual shareholders meeting, to become honorary Chairman Emeritus, CEO Chuck Robbins to be appointed Chairman. $CSCO PR link.

TEGNA(PBR622) board member Jennifer Dulski has resigned to begin a new professional opportunity. $TGNA PR link.

The Natl Assn of Home Builders/Wells Fargo US Preliminary September Housing Market Index is at 64, August was 67, July 64, September 2016 65. NAHB/WF PR link.

***Friday, September 15:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 09/15/17:
DJIA ends week at record 22,268.34, +2.16% from last Friday, +1.46% MTD, +4.30% QTD, +12.86% YTD, +0.00% from record 22,268.34 set 09/15/17.
NASDAQ ends week at 6,448.47, +1.39% from last Friday, +0.31% MTD, +5.02% QTD, +19.79% YTD, -0.18% from record 6,460.19 set 09/13/17.
SPX ends week at record 2,500.23, +1.58% from last Friday, +1.16% MTD, +3.17% QTD, +11.68% YTD, +0.00% from record 2,500.23 set 09/15/17.

Walmart(PBR1) CEO Doug McMillon announces 5-7 year plan to develop a new centralized home office located in Bentonville, AR$WMT PR link.

MetLife(PBR39) completes $250 million acquisition of Fortress Investment Group‘s $33 billion in assets from 100+ institutional clients Logan Circle Partners, a traditional fixed income asset management business. $MET PR link.

Bon-Ton Stores(PBR707) to hire 10,000 associates for the holiday season, as well as 500 for its fulfillment/e-commerce centers. $BONT PR link.

Equifax(PBR795) releases details on cybersecurity incident, that its Chief Information Officer and Chief Security Officer are retiring, interim appointments made. $EFX PR link.

PerkinElmer(PBR839) SVP/CFO Andy Wilson to retire in 08/18, executive search firm retained. $PKI PR link.

Sysco(PBR61) elects Sheila G. Talton, currently serving as President/CEO of Gray Matter Analytics, to the Board, will stand for re-election at 11/17/17 annual meeting. $SYY PR link.

Natl Oilwell Varco(PBR127) appoints Melody B. Meyer, former Chevron(PBR3) executive, to the Board. $NOV PR link.

The US Federal Reserve Board says US Preliminary August Industrial Production Total Index(2012=100) is at 104.7, +0.2% from July, +2.2% from August 2016Total Industry Capacity at 76.1%, July was 76.9%, effect of Hurricane HarveyFRB PR link.

The Federal Reserve Bank of New York September Empire State Manufacturing Survey Index is at 24.4, August was 25.2, July9.8, September 2016 -1.2. NYFed PR link.

The US Dept of Commerce/Census says US Preliminary July Total Manufacturers/Retail/Wholesales Sales at $1.359 trillion, +0.2% from June, +4.9% from July 2016USDOC PR link.

The US Dept of Commerce/Census says US Advance August Total Retail Sales were at $474.8 billion, -0.2% from July, +3.2% from August 2016USDOC PR link.

The U of Michigan US Preliminary September Consumer Sentiment Index is at 95.3, Augustwas 96.8, July 93.4, September 2016 91.2. UMichigan PR link.

***Thursday, September 14:

Amazon(PBR29) to open 1 million sf fulfillment center in the Charter Township of Shelby, MI, to open in 2018, will create 1,000 new full-time jobs. $AMZN PR link.

Amgen(PBR135) and Allergan(PBR219 $AGN)’s MVASI™ (bevacizumab-awwb) gets US FDA first anti-cancer biosimilar approval for treatment of 5 types of cancer. $AMGN PR link.

Netflix(PBR447) renews 2014 agreement with Orange TV for France, expands partnership to include all 29 countries served by Orange Group$NFLX PR link.

QuintilesIMS(PBR455) to do 4 million share repurchase as part of secondary public 9 million stock sale. $Q PR link.

AmTrust Financial(PBR564) to sell Personal Lines Policy Management System to National General Holdings Corp for $200 million in 3 payments. $AFSI PR link.

Manitowoc(PBR579) to do 1:4 reverse stock split, needs to be approved at special stockholders meeting to be held sometime in 4Q17$MTW PR link.

Equinix(PBR793) opens its newest International Business Exchange™ (IBX®)data center in Silicon Valley, a $122 million facility called SV10, located at its Great Oaks campus in San Jose$EQIX PR link.

Synopsys(PBR879) to do $100 million accelerated share repurchase for 1.01 million shares from HSBC$SNPS PR link.

Office Depot(PBR182) hires Jerri DeVard as EVP/Chief Marketing Officer. $ODP PR link.

TimeInc(PBR631) promotes Edward Felsenthal to Editor-in-Chief of TIME, succeeds Nancy Gibbs who stepped down on 09/12/17. $TIME PR link.

Alexion Pharmaceutical(PBR840) appoints Paul A. Friedman, MD, former President/CEO of biopharmaceuticals company Incyte Corp, to the Board, succeeds retired R. Douglas Norby; Director Alvin S. Parven to retire from Board at next annual meeting. $ALXN PR link.

The US Dept of Labor says US Preliminary August Average Weekly Employee Earningswere at $907.82, -0.2% from July, +2.8% from August 2016USDOL PR link.

The US Dept of Labor says US August Consumer Price Index for All Items was +0.4%, July was 0.1%, June +0.0%, Last 12 Months(Unadjusted) +1.9%. USDOL PR link.

The PBR1000 Top 5 August Stock Price Gainers(Company, Rank by Revenues, Stock Symbol, Stock Price 08/31/17, % Change from 07/31/17) are:

1. Triple-S Mgmt(PBR676), GTS, $24.71, +60%
2. Hertz Global(PBR297), HTZ, $21.74, +59%
3. Calumet(PBR584), CLMT, $8.00, +54%
4. Manitowoc Co(PBR905), MTW, $8.23, +44%
5. Systemax(PBR899), SYX, $24.44, +35%

Range: +60% to -78%
Number of Companies >0.0%: 431/1,002
Average: -0.65%
Median: -0.97%

To get the full The PBR1000 Snapshot 11 list, as well as 14 other insightful analytical reports, 22 rankings, and 200 data/info items per company go to the Subscribe page.

***Wednesday, September 13:

Target(PBR40) hiring 100,000 team members for the holiday season plus 4,500 for its distribution/fulfillment centers. $TGT PR link.

Alleghany Corp(PBR467) to sell its underwriter of workers’ compensation insurance, primarily in California, Pacific Compensation Insurance Company, to CopperPoint Mutual Insurance Company for $150 million cash. $Y PR link.

Greenbrier(PBR846) completes production on its 50,000th covered hopper railcar, built the first one 11 years ago. $GBX PR link.

Mylan(PBR346) hires Dennis Zeleny as Chief Human Relations Officer. $MYL PR link.

Bristol-Myers Squibb(PBR185) elects Karen Vousden, PhD, a highly regarded cancer researcher, to the Board, will serve on Science and Technology Committee. $BMY PR link.

Deckers Outdoor(PBR929) confirms receipt of 10 nominees for board from major shareholder Marcato Capital Management, will review, states confidence in current board and business strategy. $DECK PR link.

SeaWorld(PBR948) elects international theme parks executive Yoshikazu Maruyama as Chairman, succeeding David D’Alessandro who is stepping down along with directors Judith A. McHale, and Ellen O. Tauscher; Donald Robinson elected Lead Independent Director; all effective 10/09/17. $SEAS PR link.

The US Dept of Labor says US August Producer Price Index was +0.2%, July was -0.1%, June +0.1%, August 2016 -0.2%. USDOL PR link.

The US Dept of Treasury says US August Receipts were $226.3 billion, Outlays $334.0 billion, Deficit $107.7 billion, YTD Receipts(11 Months) $2.996 trillion, YTD Outlays $3.640 trillion, YTD Deficit $673.7 billion. Treasury PR link.

***Tuesday, September 12:

Walmart(PBR1 $WMT) moving from 6 divisional groups to 4, 44 regional groups to 36, in order to keep up with the fast pace of change in the retail sector. MarketWatch PR link.

Apple(PBR5 $AAPL) announces Apple Watch Series 3(PR link), iPhone 8 and iPhone 8 Plus(PR link), and iPhone X(PR link).

AT&T(PBR12) Unlimited Choice customers join AT&T Unlimited Plus customers in getting HBOincluded with their wireless plans starting 09/15/17. $T PR link.

DowDuPont(PBR48) announces certain targeted adjustments to be made between the Materials Science and Specialty Productsdivisions before spin-offs occur. $DWDP PR link.

Staples(PBR122) acquisition by private equity firm Sycamore Partners for $10.25/share(about a 20% premium from 04/03/17), $6.9 billion cash, is completed, no longer a publicly traded company. $SPLS PR link.

Centene(PBR177) to acquire not-for-profit 1.6 million members $4.8 billion in revenues for 6 months ended 06/30/17 Fidelis Care for $3.75 billion, will become Centene’s health plan in New York State$CNC PR link.

MGM Resorts(PBR273) to purchase 10 million shares at $32.75/share, from Tracinda Corporation, which will retain 47.1 million shares, represents 8.3% of common stock. $MGM PR link.

Dover(PBR343) exploring strategic alternatives for the separation of its upstream energy businesses within its Energy segment, including a tax-free spin-off, sale or other strategic combination. $DOV PR link.

Alexion Pharmaceutical(PBR840)restructuring, reduce global workforce by 20%, to close multiple manufacturing and office sites, relocate corporate headquarters to Boston, MA, by mid 2018, Center of Excellence for R&D and other functions to be in New Haven, CT$ALXN PR link.

AGNC Investment(PBR992) to do public offering of 24.5 million common shares, expects total gross proceeds of $510.8 million before expenses. $AGNC PR link.

Flowserve(PBR492) hires David Wilson as President, Industrial Products Division, succeeds EVP/Global Operations and interim President/IPD Tom Pajonas who is retiring by 12/31/17. $FLS PR link.

SPX(PBR506) hires Franklin McClelland as VP/Business Development and Strategy. $SPX PR link.

TimeInc(PBR631) TIME Editor-in-Chief Nancy Gibbs is stepping down after 32 years at the brand, including four years at its helm. $TIME PR link.

New York Times(PBR971) announces key appointments and changes to digital operations, goal is $800 million in digital related revenues by 2020. $NYT PR link.

Chesapeake Energy(PBR131) appoints Leslie S. Keating, EVP/Supply Chain Strategy and Transformation for Advance Auto Parts(PBR279), to the Board. $CHK PR link.

The US Dept of Labor says US Preliminary July Total Job Openings were at 6,170,000, +0.9% from June, +5.8% from July 2016USDOL PR link.

CoreLogic reports US June 30 Days or More Mortgage Delinquency Rate is at 4.5%, Maywas 4.5%, April 4.8%, June 2016 5.3%, Total June Rate In Foreclosure at 0.7%. CoreLogic PR link.

Manpower(PBR132) 4Q2017 US Employment Outlook Survey shows +17% Net Employment Outlook, same as 3Q2017$MAN PR link.

Manpower(PBR132) 4Q2017 Global Employment Outlook Survey shows that all 43 countries have no negative growth outlooks, first time since 2Q2008$MAN PR link.

***Monday, September 11:

***Remembering 9/11, Lives Lost, 1st Responders, Buildings Destroyed, and the Rebuilding of the American Spirit.***

Johnson & Johnson(PBR37) Janssen unit discontinuing Hepatitis C development program, focus on chronic Hepatitis B therapies. $JNJ PR link.

Medtronic(PBR133) is informing patients worldwide of a voluntary recall of specific lots of infusion sets used with all models of Medtronic insulin pumps$MDT PR link.

Nordstrom(PBR214) introduces Nordstrom Local retail concept and neighborhood hub, a 3,000 sf retail space, for free personal styling, onsite alterations and a suite of Nordstrom services, opening 2 stores on 10/03/17 in West Hollywood & Century City, CA$JWN PR link.

Pilgrim’s Pride(PBR310) acquires N Irelandbased UK/Europe poultry and prepared foods supplier Moy Park for enterprise value of $1.3 billion. $PPC PR link.

Sealed Air(PBR344) to acquire Singaporebased 1,300 employee, 14 plants across Asia, fabricator of polyethylene foam Fagerdala for $100 million cash, in 10/17. $SEE PR link.

Arthur J Gallagher(PBR515) acquires Flemington, NJ, based full-service property/casualty insurance agency Franklin-Case Agency, terms not disclosed. $AJG PR link.

Equinix(PBR793) to acquire Itconic, a data center, connectivity and cloud infrastructure solutions provider in Spain and Portugal, from The Carlyle Group(PBR581), for $259 million, to close in 4Q17. $EQIX PR link.

Cooper Cos(PBR950) to acquire $168 million in sales/2017 PARAGARD® Intrauterine Device (IUD) business from Teva Pharmaceutical(NYSE: TEVA) for $1.1 billion cash. $COO PR link.

Knight Transportation(PBR977) and Swift Transportation(PBR547) complete $6 billion all stock merger deal, now Knight-Swift Transportation Holdings, keeps Knight KNXtrading symbol, companies to maintain distinct brands and operations. $KNX PR link.

Alaska Air(PBR454) hires Diana Birkett Rakow as VP of External Relations, succeeds departed Joe Sprague. $ALK PR link.

Host Hotels(PBR455) EVP/CFO Greg Larson to retire in 11/17, Michael D. Bluhm hired as successor. $HST PR link.

Macquarie Infrastructure(PBR901) promotes Christopher Frost to President/COO, effective on or before 10/31/17, expected to succeed James Hooke as CEO when he steps down in early 2018 and joins the Board. $MIC PR link.

Cabot Corp(PBR607) elects Michael Morrow, recently retired PricewaterhouseCooper executive, to the Board. $CBT PR link.

***Friday, September 8:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 09/08/17:
DJIA ends week at 21,797.79, -0.86% from last Friday, -0.68% MTD, +2.10% QTD, +10.30% YTD, -1.45% from record 22,118.42 set 08/07/17.
NASDAQ ends week at 6,360.19, -1.17% from last Friday, -1.07% MTD, +3.58% QTD, +18.15% YTD, -1.17% from record 6,435.33 set 09/01/17.
SPX ends week at 2,461.43, -0.61% from last Friday, -0.41% MTD, +1.57% QTD, +9.94% YTD, -0.79% from record 2,480.91 set 08/07/17.

Allergan(PBR219) and Saint Regis Mohawk Tribe announce agreements regarding RESTASIS® patents, tribe to receive $13.5 million upon execution of agreement, up to $15 million/year in royalties, patents expire 08/27/24. $AGN PR link.

TD Ameritrade(PBR662) opens registration through 10/02/17 for its 4th Annual thinkorswim Challenge for US college students to test their investing skills. $AMTD PR link.

Brinker Intl(PBR697)’s Chili’s restaurants changing menu from 125 items to 75, effective 09/18/17. $EAT PR link.

Synopsys(PBR879) to repatriate $775-850 million in international cash to the US during 4Q17 in anticipation of US corporate tax reform. $SNPS PR link.

Sprint(PBR86) hires Ivo Rook as SVP IoT, effective 01/01/18. $S PR link.

Kraft Heinz(PBR156) Kraft Heinz(PBR156) EVP/CFO Paulo Basilio to be Zone President/US, VP & Category Head-Planters David Knopf to be EVP/CFO, COO/US George Zoghbi to be Strategic Advisor to the Board, all effective 10/01/17. $KHC PR link.

Coty(PBR524) hires Daniel Ramos as Chief Scientific Officer and EVP R&D, effective 09/15/17. $COTY PR link.

Avista(PBR990) VP/State and Federal Regulation Kelly Norwood to retire 11/01/17, VP/Customer Solutions Kevin Christie to add the responsibilities to his role. $AVA PR link.

Salesforce(PBR453) appoints Bernard Tyson, currently Chairman/CEO Kaiser Health Plan and Hospitals, to the Board. $CRM PR link.

A. Schulman(PBR791) appoint Carol Eicher and Allen Spizzo to the Board, Dr. William Joyce appointed senior advisor to the Board and company consultant. Follows cooperation agreement between Cruiser Capital Advisor and Kingdon Capital Management, which collectively own 9.83% of A. Schulman common stock, and the Joyce Trusts which own 2.55%. $SHLM PR link.

The US Dept of Labor says US 2Q17 Wages/Salaries for All Workers Averaged$24.10/hour, Benefits $11.18/hour, Total$35.28/hour, unchanged from 1Q17, +3.6% from 2Q16USDOL PR link.

The US Dept of Commerce/Census US Preliminary July Total Wholesale Sales at $465.1 billion, -0.0% from June, +6.0% from July 2016USDOC PR link.

The US Federal Reserve says US July Total Consumer Debt at $3.754 trillion, +0.5% from June, +3.0% YTD, +9,9% from 12/2015. TheFedPR link.

The FannieMae(PBR17) US August Home Purchase Sentiment Index is at 88.0, July was 86.8, June 88.3(Record), August 2016 85.0. $FNMA PR link.

***Thursday, September 7:

Amazon(PBR29) opens search for a second and equal headquarters location in the US, expects to spend $5+ billion for construction, to employ 50,000. $AMZN PR link.

Pfizer(PBR56 $PFE) Meridian Medical Technologies unit warning letter from US FDAmade public, regards EpiPen manufacturing violations that have lead to malfunctions and possibly death. FDA PR link.

Eli Lilly(PBR142) to streamline operations, to reduce global workforce by 3,500, primarily from US voluntary early retirement program by 12/31/17, to close R&D facilities in Bridgewater, NJ, and Shanghai, China$LLY PR link.

Bristol-Myers Squibb(PBR185) completes $300 million cash upfront and up to $1.01 billion upon milestone achievements acquisition of developer of innate immune response for treating cancer therapies IFM Therapeutics$BMY PR link.

Celgene(PBR347) reports that the US FDA has placed a partial clinical hold on five trials and a full clinical hold on one trial in the Celgene FUSION™ program. $CELG PR link.

Newell Brands(PBR434) to acquire Rockville, MD, based $55 million revenues/year Chesapeake Bay Candle for $75 million. $NWL PR link.

Williams-Sonoma(PBR508) to interview for over 4,000 open positions nationwide on first National Hiring Day on 09/14/17. $WSM PR link.

Arthur J Gallagher(PBR515) acquires employee benefits consultant and brokerage firm Nebraska-based Lincoln Financial Management, terms not disclosed. $AJG PR link.

Equifax(PBR795) announces cybersecurity event from mid-May through July, potentially impacting 143 million US consumers, offers free 3-bureau credit reports and identity theft protection for 1 year. $EFX PR link.

Fitbit(PBR870) and continuous glucose monitoring provider DexCom(NASDAQ: DXCM)to collaborate on developing an app for the Fitbit Ionic smartwatch. $FIT PR link.

Boeing(PBR27) hires Phil Musser as SVP/Communications, effective 09/25/17, succeeds Tom Downey who is stepping down, retiring early next year. $BA PR link.

VISA(PBR224) hires Charlotte Hogg as corporate EVP & CEO/European Operations, effective 10/01/17. $V PR link.

Sealed Air(PBR344) President/CEO Jerome A. Peribere to retire on 12/31/17, successor Edward L. Doheny II hired as director, COO and CEO-designate, effective 09/18/17. $SEE PR link.

TD Ameritrade(PBR662) appoints Peter deSilva, head of Scottrade retail business, to President/Retail Distribution, to be effective upon completion of acquisition of Scottrade, succeeds current head of Retail Distribution Tom Bradley who will be leaving the organization. $AMTD PR link.

Whiting Petroleum(PBR667) to do 1:2 to 1:6 reverse stock split, to be voted on at special shareholders meeting to be scheduled in 4Q17. $WLL PR link.

ADP(PBR235) announces that after meeting with Bill Ackman’s Pershing Square on 09/05/17 the decision remains not to include its Board nominees at the next annual meeting. $ADP PR link.

The US Dept of Labor says US Revised 2Q17 Labor Productivity at +1.3%, 1Q17 was -0.8%, 4Q16 +2.0% 2Q16 +0.6%. USDOL PR link.

***Wednesday, September 6:

Amazon(PBR29) to open first fulfillment center in NY, to be located on Staten Island, 855,000 sf, to employ 2,250 fulltime. $AMZN PR link.

Johnson & Johnson(PBR37) recently acquired Actelion unit gets US FDA approval for TRACLEER® (bosentan) for use in pediatric patients aged three years and older with idiopathic or congenital pulmonary arterial hypertension. $JNJ PR link.

Merck(PBR70) to acquire RIG-I therapeutics for immuno-oncology pioneer Rigontec for $136 million cash plus up to $412 million in contingent payments. $MRK PR link.

Deere & Co(PBR81) to acquire Sunnyvale, CA, based 60 employees machine learning in agriculture developer Blue River Technologyfor $305 million. $DE PR link.

T-Mobile(PBR95) ONE family plans to now include free service Netflix(PBR447) On Us in exclusive partnership, requires two or more paid voice lines. $TMUS PR link.

Kohl’s(PBR149) announces ability to buy Amazon(PBR29) smart home products in 10 select Kohl’s stores across the Los Angeles and Chicago areas starting in 10/17. $KSS PR link.

Sempra Energy(PBR254) gets US Bankruptcy Court approval to acquire Energy Future Holdings, the indirect owner of 80% of Oncor Electric Delivery Co, operator of the largest electric transmission and distribution system in Texas, for $9.45 billion cash. $SRE PR link.

Sealed Air(PBR344) completes $3.2 billion sale of its Diversey Care division & food hygience and cleaning services units of its Food Care division to Bain Capital$SEE PR link.

Terex(PBR357) authorizes new up to $225 million share repurchase program. $TEX PR link.

Kelly Services(PBR443) acquires substitute teacher staffing services for K-12 public, private and charter schools, and early child care centers provider Teachers On Call, terms not disclosed. $KELYA PR link.

Global Payments(PBR762) completes $1.2 billion cash/stock acquisition of the communities and sports divisions cloud-based payment technology solutions for event planners provider ACTIVE Network from Vista Equity Partners$GPN PR link.

GoDaddy(PBR905) to sell 20 million shares at $44.00/share of Class A Common Stock held by 3 stockholders. $GDDY PR link.

Rite Aid(PBR105) corporate President & CEO/Stores Ken Martindale has resigned to assume a leadership position in another company; EVP/Store Operations Bryan Everett promoted to new position of COO/Stores. $RAD PR link.

Starbucks(PBR178) board member Rosalind Brewer to also be Group President/COO, effective 10/02/17. $SBUX PR link.

Abercrombie & Fitch(PBR595) welcomes back Scott Lipesky, appoints him as SVP/CFO, effective 10/02/17. $ANF PR link.

Tailored Brands(PBR643) hires Frank Hamlin as EVP/Chief Marketing Officer and Boris Sherman as EVP/Chief Technology Officer. $TLRD PR link.

GNC(PBR743) hires Ken Martindale as CEO, succeeds interim CEO Bob Moran, who has been elected Non-Executive Chairman, Michael Hines steps down as Chairman, remains on Board, all effective 09/11/17. $GNC PR link.

Vertex Pharmaceuticals(PBR893) hires Tom Graney as SVP/CFO, effective 09/13/17. $VRTX PR link.

The US Dept of Commerce says US Preliminary July Exports were $194.4 billion, YTD $1.349 trillion, July Imports $238.0 billion, YTD $1.668 trillion, July Deficit $43.6 billion, YTD Deficit $319.0 billion, July 2016 YTD Deficit was $332.3 billion. USDOC PR link.

The Federal Reserve Board releases the Beige Book, data from 07/01/17 through 08/28/17, says US economic activity expanded at a modest to moderate pace, mixed results for vehicle saleslow inventories of homes for sale continued to weigh on residential real estate activity, energy and natural resources sector was generally positive prior to shutdowns arising from Hurricane HarveyTheFed PR link.

The Federal Reserve Board Vice-Chairman Stanley Fischer submits resignation, to be effective around 10/13/17. TheFed PR link.

The ISM US August Non-Manufacturing Index(>50=Economy Growing) is 55.3%, Julywas 53.9%, June 57.4%, August 2016 51.4%. ISM PR link.

The IHS Markit US August Composite PMI Output Index is at 55.3, July was 54.6, June53.9, August 2016 51.5. IHS Markit PR link.

***Tuesday, September 5:

Tyson(PBR80) to build $320 million poultry complex in eastern Kansas, begin production mid 2019, process 1.25 million birds/week, employ 1,600. $TSN PR link.

Monsanto(PBR187) The Climate Corpsubsidiary completes sale of its Precision Planting equipment business to AGCO(PBR280), terms not disclosed. $MON PR link.

PPG(PBR190) completes $545 million sale of its remaining fiberglass operations, all in the US, with 1,000+ employees and $350 million revenues/2016, to Nippon Electric Glass Co$PPG PR link.

MGM Resorts(PBR273) authorizes $1.0 billion share repurchase program. $MGM PR link.

Group 1 Automotive(PBR276) reports $15 million in Hurricane Harvey related damages to its Houston area auto dealerships. $GPI PR link.

Caesars Entertainment(PBR314) majority owned subsidiary Caesars Entertainment Operating Company secures financing of $2.2 billion to finance the fee and leasehold interests in Caesars Palace Las Vegas as part of plan to emerge from Chapter 11 bankruptcy$CZR PR link.

Fidelity Natl Financial(PBR331) to acquire clinical documentation and coding solutions for healthcare facilities T-System Holdings for $200 million cash. $FNFV PR link.

Arthur J Gallagher(PBR515) acquires Gothenburg, Sweden, based retail insurance broker Nordic Forsakring & Riskhantering AB, terms not disclosed. $AJG PR link.

NASDAQ(PBR618) to acquire global content and analytics for institutional investors provider eVestment, terms not disclosed. $NDAQ PR link.

Griffon Corp(PBR890) to acquire Emerson Electric(PBR109)‘s $300 million+/year ClosetMaid unit for $260 million. Also exploring strategic alternatives for its $468 million/2017 Clopay Plastics unit because of unsolicited interest. $GFF PR link.

TeleFlex(PBR923) to acquire private urology medical devices developer NeoTract for $725 million plus up to $375 million based on milestones achieved. $TFX PR link.

UK based International Game Technology(NYSE: IGT) and Scientific Games(PBR937 $SGMS), the two largest slot game feature patent portfolios in North America, sign slot games patent cross-licensing agreement, terms not disclosed. $IGT PR link.

AIG(PBR46) hires Lucy Fato as EVP/General Counsel, effective 10/16/17. $AIG PR link.

LKQ(PBR376) hires Varun Laroyia as EVP/CFO, effective 10/01/17, succeeds Nick Zarcone who is now President/CEO. $LKQ PR link.

Green Plains(PBR649) CFO Jerry Peters to retire 09/11/17, hires John Neppl as successor. $GPRE PR link.

Bristow Group(PBR919) promotes Timothy Knapp to SVP/General Counsel, effective 09/26/17. $BRS PR link.

McDermott Intl(PBR825) appoints Philippe Barril, COO of SBM Offshore N.V. and former Technip executive, to the Board. $MDR PR link.

Toro(PBR855) Chairman Michael Hoffman to retire, effective 11/03/17, President/CEO Richard Olson to be successor. $TTC PR link.

The US Dept of Commerce/Census says US Preliminary July Total Manufacturers New Orders were at $466.3 billion, -3.3% from June, +3.1% from July 2016USDOC PR link.

The PurdueU/CME Group US August Composite Agriculture Barometer Index is at 132, July was 139, June 131, August 2016 95. PurdueU/CME PR link.

President Trump is phasing out the Deferred Action for Childhood Arrivals(DACA) program implemented by an Executive Order issued by former President Obama in June, 2012. White House PR link.

***Monday, September 4:

***US Stock Markets Closed in Observance of Labor Day.***

United Technologies(PBR45) to acquire avionics, flight controls, aircraft interior and data connectivity solutions provider Rockwell Collins(PBR485 $COL) for $140/share, $30 billion cash/stock. $UTX PR link.

HB Fuller(PBR870) to acquire South Bend, IN, based $650 million/year, 1,500 employees in 5 countries Royal Adhesives & Sealants for $1.575 billion. $FUL PR link.

***Friday, September 1:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 09/01/17:
DJIA ends week at 21,987.56, +0.80% from last Friday, +0.18% MTD, +2.99% QTD, +11.26% YTD, -0.59% from record 22,118.42 set 08/07/17.
NASDAQ ends week at record 6,435.33, +2.71% from last Friday, +0.10% MTD, +4.80% QTD, +19.55% YTD, +0.00% from record 6,435.33 set 09/01/17.
SPX ends week at 2,476.55, +1.37% from last Friday, +0.20% MTD, +2.19% QTD, +10.62% YTD, -0.18% from record 2,480.91 set 08/07/17.

Marathon Petroleum(PBR23) drops down joint-interest ownership in certain assets to MPLX for $1.05 billion. $MPC PR link.

Dow Chemical(PBR48) and DuPont(PBR82)complete merger of equals, now DowDuPont(NYSE: DWDP) with 3 divisions, Agriculture, Materials Science, and Specialty Products, all to be spinoffs within 18 months. $DD PR link.

Hewlett Packard Enterprises(PBR55)completes spin-off of software business with UK based Micro Focus Intl(LSE: MCRO, NYSE: MFGP) in $8.8 billion cash/stock deal. $HPE PR link.

Pfizer(PBR56) gets US FDA approval for MYLOTARG™ (gemtuzumab ozogamicin) for certain conditions of acute myeloid leukemia(AML). $PFE PR link.

Tenet Healthcare(PBR161) to transfer ownership of its 2 Philadelphia hospitals to Paladin Healthcare for around $170 million. $THC PR link.

SYNNEX(PBR209) completes $600 million cash acquisition of security, UCC and networking services provider Westcon-Comstor North America and Latin America businesses, plus minority stake in EMEA and APAC units. $SNX PR link.

KKR(PBR332) to acquire majority stake in non-invasive aesthetic treatments 80+ clinics 135 medical professionals 3 million treatments in last year Laser Clinics Australia, terms not disclosed. $KKR PR link.

TechnipFMC(PBR334) gets SEC notification that BlackRock(PBR252 $BLK) now owns 5% of stock. $FTI PR link.

Weyerhauser(PBR355) completes $402.5 million cash sale of its timberlands/manufacturing business in Uruguay to a consortium led by BTG Pactual’s Timberland Investment Group$WY PR link.

O’Reilly Automotive(PBR359) authorizes additional $1 billion for share repurchase program, balance available now is $9.75 billion, effective for 3 years. $ORLY PR link.

LabCorp(PBR413) completes $1.2 billion cash acquisition of global 4,500 employees specialty contract research organization drug developer Chiltren$LH PR link.

ABM Industries(PBR478) completes $1.25 billion cash/stock acquisition of Cleveland, OH, based $1.1 billion/year 37,000 employees nationwide facility services in the education/commercial industries provider GCA Services Group$ABM PR link.

Arthur J Gallagher(PBR515) acquires Scottsdale, AZ, based long-haul and corporate fleet transportation third-party claims administrator National Transportation Adjusters, terms not disclosed. $AJG PR link.

Whiting Petroleum(PBR667) completes $500 million sale of its Fort Berthold area assets in N Dakota to RimRock Oil & Gas Williston$WLL PR link.

Expedia(PBR433) SVP/Treasurer & Investor Relations appointed CFO, succeeds now President/CEO Mark Okerstrom. $EXPE PR link.

Penske Automotive(PBR170) appoints Greg Smith, former Vice Chairman of Ford Motor(PBR10), to the Board. $PAG PR link.

The US Dept of Labor reports that US August Employment was at 153,439,000, -74,000(-0.05%) from July, +1,784,000(+1.2%) from August 2016Unemployed was at 7,132,000, Unemployment Rate was 4.4%, August 2016 was 4.9%. USDOL PR link.

The US Dept of Commerce/Census US Preliminary July Total Construction Spending Annual Rate is at $1.212 trillion, -0.6% from June, +4.4% from July 2016USDOC PR link.

The U of Michigan US Final August Consumer Sentiment Index is at 96.8, July was 93.4, June95.1, August 2016 89.8. UMich PR link.

The ISM US August Manufacturing PMI is at 58.8%, July was 56.3%, June 57.8%, August 2016 49.4%. ISM PR link.

The IHS Markit US August Manufacturing PMIis at 52.8, July was 53.3, June 52.0, August 2016 52.0. IHS Markit PR link.

Automotive News estimates US August New Light Vehicles Sales were at 1,484,826 units, August 2016 was 1,512,626, Annual Rate at 16,130,000, Hurricane Harvey to have an impact. Automotive News PR link.

TrueCar/ALG reports US August New Light Vehicles Average Transaction Price(ATP) was $32,346/unit, +0.5% from August 2016August Average Incentive Per Unit Spending at $3,799, 11.7% of ATP. TrueCar/ALG PR link.

***Thursday, August 31:

The PBRMarketTools US Stock Exchanges Recap for the Month Ending 08/31/17:
DJIA ends August at 21,948.10, +0.62% from last Friday, +0.26% MTD, +2.80% QTD, +11.06% YTD, -0.77% from record 22,118.42 set 08/07/17.
NASDAQ ends August at record 6,428.66, +2.60% from last Friday, +1.27% MTD, +4.69% QTD, +19.42% YTD, +0.00% from record 6,428.66 set 08/31/17.
SPX ends August at 2,471.65, +1.17% from last Friday, +0.05% MTD, +1.99% QTD, +10.40% YTD, -0.37% from record 2,480.91 set 08/07/17.

Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.

The PBR1000 August 2017 Stocks/Commodities Snapshots

August 2017: The Stock Market Bull Continues to Prevail

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The Stock Market Bull stands tall after another triumphant month.

By Larry C. Paxton

Despite concerns over N Korea’s missile tests, a terrorist attack in Barcelona, Spain, a controversial rally in Charlottesville, VA, Hurricane Harvey attacking southeast Texas, continued lack of meaningful legislation from Congress, and the world still getting adjusted to a very different style US President, The PBR1000 and other stocks continued to climb in August.

Maybe it’s just one of those “It’s the economy, stupid!” that justifies the rise. Modest/moderate economic growth continues and cautious optimism about the future keeps pushing it along.

As a result investing opinions are still scattered all over the place. This inconsistency should be good news for everyone, because now you can be the expert! If you are wrong, it’s no big deal, you are in a large group. But if you are right, you will be a hero and hopefully have a much higher value portfolio to confirm that. Remember to give The PBR1000 credit!

Good luck, and we look forward to you sharing your success strategies and stories.

Here are the August summaries on the major US stock market exchanges:

Number of Trading Days: 23

Number of Gain(+)/Loss(-) Days: DJIA 15+/8-; NASDAQ 11+/12-; SPX 14+/9-.

Record Days: DJIA 5, NASDAQ 1, SPX 1

Longest Gain Streak(Consecutive Days): DJIA 10(07/25-08/07/17), NASDAQ 4(08/28-31/17), SPX 5(08/25-31/17)

Longest Loss Streak(Consecutive Days): DJIA 3(08/08-10/17), NASDAQ 3(08/08-10/17), SPX 3(08/08-10/17)

Big Swing Up Days(>1.00%): 3, 08/14/17(NASDAQ +1.34%, S&P500 +1.00%): Geopolitical issues ebb(N Korea); 08/22/17(NASDAQ +1.36%): Day after President Trump speech on Afghanistan; 08/30/17(NASDAQ +1.05%): GDP revised up to 3%, ADP Jobs Report

Big Swing Down Days(<-1.00%): 2, 08/10/17(NASDAQ -2.13%, S&P500 -1.45%): N Korea missile test; 08/17/17(DJIA -1.24%, NASDAQ -1.94%, S&P500 -1.54%): Barcelona terrorist attack; Charlottesville, NC, rally and death followed by controversial response by President Trump.

The following are Top 5 partial tables excerpts from The PBR1000 August Snapshots. The price for stocks is for the close of trading on August 31, Month % Chg is compared to July 31YTD % Chg is compared to December 31, 2016, and the 20 Months % Chg is compared to December 31, 2015. The PBR Rank is by annual revenues.

To get the complete The PBR1000 Snapshots  just click here to get your 2 month or significantly discounted 12 month subscription and automatically download the August 2017 edition with the complete 15 Snapshots.

Table 1(S11): The PBR1000 Top 5 Month Stock Price % Gainers

Table 1 Summary: The range was +60% to -78%431 out of 1,002 stocks were up 0% or more. The average was a loss of 0.65%, the median was a loss of 0.97%.

Company PBR
Rank
Symbol Price
08/31/17
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Triple-S Mgmt
676 GTS 24.71 +60 +19 +3
Hertz Global
297 HTZ 21.74 +59 +1 n/a
Calumet Specialty
584 CLMT 8.00 +54 +100 -60
Manitowoc
905 MTW 8.23 +44 +38 -46
Systemax
899 SYX 24.44 +35 +179 +184

Table 2(S12): The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Table 2 Summary: The range was +309% to -86%583 out of 1,002 stocks were up 0% or more. The average was a gain of 9.4%, the median was a gain of 4.6%.

Company PBR
Rank
Symbol Price
08/31/17
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Weight Watchers
986 WTW 46.81 +31 +309 +105
Systemax
899 SYX 24.44 +35 +179 +184
Scientific Games
689 SGMS 35.20 -5 +151 +292
Vertex Pharma
893 VRTX 160.54 +6 +118 +28
NRG Energy  220 NRG 24.91 +1 +103 +112

Table 3(S13): The PBR1000 Top 5 20 Months Stock Price % Gainers

Table 3 Summary: The range was +429% to -96%707 out of 998 stocks were up 0% or more. The average was a gain of 22.4%. The median was a gain of 20.1%.

Company PBR
Rank
Symbol Price
08/31/17
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Tronox 819 TROX 20.69 +7 +101 +429
Cleveland-Cliffs
816 CLF 8.36 +8 -1 +429
NVIDIA 363 NVDA
169.44 +4 +59 +414
AMD 523 AMD 13.00 -4 +15 +353
Scientific Games
689 SGMS 35.20 -5 +151 +292

Table 4(S15): The PBR1000 Top 5 Market Capitalization

Table 4 Summary: The range was $847.10 billion to $0.01 billion. The average is $23.9 billionmedian is $7.2 billion, out of 1,002 companies.

Company PBR
Rank
Symbol Market Cap($B)
08/31/17
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
Apple
4 AAPL 847.10 +3 +26 +32
Alphabet
27 GOOG 650.89 +3 +21 +24
Microsoft
28 MSFT 575.90 +5 +16 +26
Facebook 95 FB 499.43 +12 +48 +66
Amazon 12 AMZN 471.06 +3 +33 +50
The PBR1000
  23,907.85 -0 +9 +19

Table 5: The PBR1000 Index & Selected Stock Exchanges/Commodities

Company Price
08/31/17
Mo
% Chg
YTD
% Chg
20 Mos
% Chg
The PBR1000 80,896.35 -0.7 +9.4 +22.4
DJIA 21,948.10 +0.3 +11.1 +26.0
NASDAQ 6,428.66 +1.3 +19.4 +28.4
S&P500 2,471.65 +0.1 +10.4 +20.9
GOLD 1,326.50 +4.2 +15.2 +25.1
SILVER 17.65 +5.1 +10.4 +27.9
OIL            47.09 -6.1 -12.3 +27.1

Have questions on The PBR1000 or The PBR US Economic Indices Monthly Snapshots? Please contact us at Sales@PBRMarketTools.com or call us in the US at 520-282-4100.

Don’t forget to follow us on Twitter at @ThePBR1000.

(The PBR1000 provides astute investors and business professionals with the data, news, and analysis for taking higher probability of success actionsThe PBR1000 covers over 1,000 of the largest publicly held companies with principle or administrative headquarters in the US. These companies generate $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to Subscribers of The PBR1000Subscribers include C-level executives, entrepreneurs, sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your monthly or significantly discounted annual subscription, just click here to go to the PBRMarketTools.com Order page.)

(Image courtesy of FreeDigitalPhotos.net, hywards.)

The PBR1000 June 2017 Breaking News Recap

June 2017: An Interesting 1st Half, Now What?

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The first half of 2017 was pretty good for The PBR1000, but the second half predictions are all over the place. What’s your guess?

By Larry C. Paxton

Business continued as usual in June, with a surprise major news announcement(Amazon(PBR12) to acquire Whole Foods(PBR165)), the oil industry was still somewhat chaotic and directionless, the tech sector had a difficult month with significant sell-offs, the retail industry is still trying to figure out how to cope with e-commerce and compete against Amazon, President Trump has introduced some initiatives but not much has come of those yet as they get bogged down in the legislative process as legislatures still try to figure out how to deal with the President, and the economy continued to plug along unspectacularly(not a bad thing). But in the end, when you look at the numbers, it appears that it was a pretty good first half of the year. However, there is a sense that there are some undercurrents at play that could be very negative and disruptive.

As we peer into the crystal ball there is no clear picture, short term or long term for the second half. It is like looking into one of those Christmas balls that you shake up and watch the floating snowflakes fall, but right now those snowflakes are all in the shape of a question mark. For some this is a foreboding sign, for others they see it as a time of opportunity. So, in conclusion, what do you see happening and what will you adjust to take advantage of that during the second half of 2017? We wish you the best!

Here’s a quick June 2017 summary on key activities that relate to The PBR1000:

Mergers & Acquisitions: 23 deals worth at least $1 billion initiated, closed, or updated. Total transaction value was $158 billion.

Spinoffs: 2

Share Repurchase Programs: 5 announcements, total $2.75 billion.

Bankruptcies: 1 initiated or updated

CEO Changes: 12 announced.

Jobs/Wages: 4.3% unemployment rate, modest wage growth.

US Economy: Modest/moderate growth continues, stable but fragile.

Federal Reserve Federal Funds Rate Changes: 1 change, +0.25% increase to 1.00-1.25%, more increases possible in 2017.

US Stock Market Exchanges: The tech sector took a hit in June so only the NASDAQ finished in the red for June,  all three US major stock exchanges established new closing records during the month and were up quarterly, YTD, and for the first half of 2017. The Stock Market Bull won by a wide margin in the first half.

National: Former FBI Director James Comey testifies before Congress, Republican House Representative Majority Whip Steve Scalise and 3 others survive being shot during a charity baseball game practice; Federal Reserve raises short term interest rate by 0.25%; Republican Senators release proposed healthcare plan, vote delayed until after 4th of July recess; Supreme Court reinstates President Trump’s 6 predominantly Muslim countries travel ban executive order with some conditions; Federal Reserve says 34 largest US holding banks meet stress test conditions(1 requires some modifications); no major legislation passed.

International: President Trump pulls the US out of the Paris Climate Accord; UK elections result in Prime Minister May losing her Tories majority, builds a loose coalition; Brexit negotiations continue as 1st year vote anniversary passes; continuations of Middle East conflicts, refugee crisis, and; US President Trump actions and tweets continue to be the headliners.

Here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for June 2017, starting with the last active business day.

***Friday, June 30:

The PBRMarketTools US Stock Exchanges Recap for the Week, Month, Quarter, and Half Ending 06/30/17:
DJIA ends week at 21,349.63, -0.21% from last Friday, +1.62% MTD, +3.32% QTD, +8.03% YTD, -0.83% from record 21,528.99 set 06/19/17.
NASDAQ ends week at 6,140.42, -1.99% from last Friday, -0.94% MTD, +3.87% QTD, +14.07% YTD, -2.87% from record 6,321.76 set 06/08/17.
SPX ends week at 2,423.41, -0.61% from last Friday, +0.48% MTD, +2.57% QTD, +8.24 YTD, -1.22 from record 2,453.46 set 06/19/17.

Boeing(PBR27) 3rd major business unit, Boeing Global Services, to launch 07/01/17, focuses on needs of government, space & commercial customers worldwide. $BA PR link

Baker Hughes(PBR108) stockholders approve $7.4 billion acquisition by GE(PBR9) Oil & Gasunit, to close 07/03/17, to delist NYSE: BHI, then to list as NYSE: BHGE on 07/05/17. $BHI PR link

Kraft Heinz(PBR156) to sell Campbell, NY, cheese plant to Upstate Niagara Cooperative, will retain 125 employees, KH to make $3-5 million investment to improve/maintain facility. $KHC PR link

Delek US(PBR536) completes $12.13/share $464 million acquisition of remaining stock of Alon USA Energy(NYSE:ALJ)$DK PR link

Bemis(PBR545) implementing restructuring/cost savings plan, to close 2 manufacturing facilities, reduce administrative workforce by 300, 5% of employees, over 3 years. $BMS PR link

CIT Group(PBR608) to sell its last non-N American business, Paris-based NACCO, its 14,000 rail cars European rail leasing business, to German-based VTG Aktiengesellschaft, for $980 million. $CIT PR link

Ventas(PBR671) reaffirms expected sale in 2H17 of 36 skilled nursing facilities for $700 million to facilitate Kindred Healthcare(PBR479)’s exit from its skilled nursing segment. $VTR PR link

The US Dept of Treasury says US Debt Held By Public on 06/29/17 was at $14.308 trillion, Intragovernmental Holdings $5.538 trillion, Total US Debt $19.846 trillion, -0.7% YTD, +2.4% from 06/30/16. Treasury PR link

The US Dept of Commerce/BEA says US May Total Personal Income Annual Rate at $16.488 trillion, +0.4% from April, +3.5% from May 2016. USDOC PR link

The Federal Reserve Bank of Chicagoestimates the 7th District May Midwest Economy Index was at +0.51, April was +0.72, March +.58, May 2016 +0.01. ChiFed PR link

The June MNI Chicago Business Barometer(50=Neutral) is 65.7, May was 59.4, April 58.3, June 2016 56.8. MNI/ISM Chicago PR link

AAA says US Regular Gas Average Price/Gallon on 06/30/17 was $2.239, -5.6% from May, -2.1% from June 2016. AAA PR link

The End of June Exchange Rate of a US Dollar for a Euro is $1.1427, +1.6% from May, +2.8% from June 2016. (PBRMarketTools June US Economic Indices Snapshot 46(Currencies).)

The U of Michigan US June Final Consumer Sentiment Index is at 95.1, May was 97.1, April 97.0, June 2016 93.5. UMich PR link

***Thursday, June 29:

Amazon(PBR29) announces 07/11/17 as 3rd Annual Prime Day for 30 hours in 13 countries for Prime members. $AMZN PR link

Walgreens Boots Alliance(PBR36) signs new agreement to buy 2,186 Rite Aid(PBR105)stores and related assets over 6 months for $5.175 billion cash, will pay Rite Aid $325 million termination fee from previous agreement. Rite Aid cancels $950 million sale of 865 stores to Fred’s(PBR897) Pharmacy$WBA PR link

Anthem(PBR38 $ANTM) pulls back on offering Obamacare plans in NevadaMarketWatch PR link

MetLife(PBR39) to spin-off 2.8 million US insurance policies/annuities contracts provider Brighthouse Financial as a separate publicly held company, scheduled for 07/19/17. $MET PR link

Aetna(PBR49 $AET) to move corporate headquarters from Hartford, CT, to New York, NYHartford Courant PR link

21st Century Fox(PBR91) responds to UKdecision for phase 2 review by Competition and Markets Authority of its $14.8 billion cash acquisition of European entertainment 30,000 employee Sky plc, now expects transaction to close by 06/30/18. $FOX PR link

Amgen(PBR135) gets US FDA approval for Vectibix® (Panitumumab) for use in wild-type RAS metastatic colorectal cancer. $AMGN PR link

Caesars Entertainment(PBR314) opens 48,000 sf full service production studio, first in Nevada, next to its Ballys Las Vegas property. $CZR PR link

DR Horton(PBR337) gets deal over Starwood Capital to acquire 75% of Forestar Group(NYSE: FOR) for $17.75/share, $560 million cash, Forestar to remain a public company. $DHI PR link

Delek US(PBR536) stockholders approve $12.13/share $464 million of remaining stock acquisition of Alon USA Energy(NYSE:ALJ), whose stockholders have also approved, transaction scheduled to be effective on 07/01/17. $DK PR link

PolyOne(PBR586) to sell its Designed Structures and Solutions (DSS)business(includes sheet, rollstock and packaging assets) to Arsenal Capital Partners for $115 million. $POL PR link

DSW(PBR778) to open its first warehouse outside N America in Oman at Muscat Grand Mall$DSW PR link

Equinix(PBR793) expands presence in Frankfurt, Germany, with its new International Business Exchange™ (IBX®) data center, called FR6, at its Campus Kleyer location. $EQIX PR link

CMS Energy(PBR360) announces SVP/Transformation & Shared Resources JF Brossoit to add Engineering to responsibilities upon retirement of SVP Dan Malone on 11/01/17. $CMS PR link

Kennametal(PBR706) to hire Chris Rossi as President/CEO, CEO Rod De Feo to become Executive Chairman, effective 08/01/17. $KMT PR link

The US Dept of Commerce says US 1Q17 Gross Domestic Product Annual Rate(3rd Estimate) was +1.4%, $19.027 trillion, +0.8% from 4Q16, +4.1% from 1Q16. USDOC PR link

The US Dept of Labor says US Total Insured Unemployment 4 Week Moving Average on 06/17/17 was 1,938.750 people, +0.4% from May, -9.1% from June 2016, Insured Unemployment Rate at 1.4%. USDOL PR link

The US Energy Information Administrationsays US Crude Oil Stocks(Millions of Barrels) on 06/23/17 were 509.2, 05/24/17 was 516.3, 4/21/17 528.7, 06/24/16 495.9. EIA PR link

FreddieMac(PBR41) says US 30 Year Fixed Mortgage Rate Average on 06/29/17 is 3.88% with 0.5 fees/points, 05/25/17 was 3.95%, 04/27/17 4.03%, 06/30/16 3.48%. $FMCC PR link

***Wednesday, June 28:

Staples(PBR122) to be acquired by private equity firm Sycamore Partners for $10.25/share(about a 20% premium from 04/03/17), $6.9 billion cash, expects to close by 12/31/17. $SPLS PR link

SunTrust Banks(PBR307) authorizes $1.32 billion share repurchase program effective 07/01/17 through 06/30/18. $STI PR link

Weyerhauser(PBR355) to delist from the Chicago Stock Exchange, effective 07/20/17, remain on NYSE$WY PR link

Noble Energy(PBR471) completes $1.225 billion sale of all its upstream Appalachia natural gas assets to Quantum Energy Partners affiliate. $NBL PR link

Hain Celestial(PBR712) Cultivate Venturesunit makes first strategic acquisition, Portland, OR, based prepared beans and bean-based dips sold in chilled deli tubs provider Better Bean, terms not disclosed. $HAIN PR link

Fred’s(PBR897) adopts a short-term shareholder rights plan, expires 09/25/17. $FRED PR link

Scientific Games(PBR937) gets new 8 year Maryland Lottery contract to provide systems & services. $SGMS PR link

New York Times(PBR971) NYT Cooking recipe site now available by digital subscription, $5/4 weeks. $NYT PR link

MSA Safety(PBR996) to acquire Pittsfield, NH, based 420 employees in 4 locations $110 million/yr firefighter protective clothing and boots provider Globe Holding for $215 million cash. $MSA PR link

Caterpillar(PBR54) VP Tom Bluth to be Chief Technology Officer & VP/Innovation & Technology Development division, VP Jean Savage to be VP/Surface Mining & Technology division, 3 other VP changes announced. $CAT PR link

Biogen(PBR282) hires Catherine Steele as SVP/Corporate Affairs, effective 07/17/17. $BIIB PR link

AECOM(PBR322) promotes Randall Wotring to COO, effective 07/01/17, succeeds departing Stephen Kadenacy. $ACM PR link

The US Dept of Commerce/BEA US Net International Investment Position 1Q17(Preliminary) Assets is estimated at $24.833 trillion, Liabilities at $33.050 trillion, Balance ($8.217) trillion, 4Q16 was ($8.318) trillion, 1Q16 ($7.834) trillion. USDOC PR link

The US Federal Reserve Board approves Comprehensive Capital Analysis and Review(Stress Test) for largest 34 US holding banks, with one requiring some modifications. FED PR link

***Tuesday, June 27:

Alphabet(PBR44 $GOOG)’s Google hit with European Union record $2.7 billion fine over its shopping comparison service, has 90 days to correct, company may appeal. BBC PR link

Intel(PBR51) introduces Intel SSD 545s, 1st commercially available 64 layer, TLC, 3D NAND solid state drive for client computing, to be available mid-2018. $INTC PR link

International Paper(PBR117) agrees to settle Kleen Products 2010 antitrust class action lawsuit, to pay $354 million into settlement fund, needs district court approval. $IP PR link

Western Digital(PBR194) develops 1st commercial 96 layers of vertical storage capability 3D NAND technology chip, BiCS4, initial production scheduled for 2018. $WDC PR link

VISA(PBR224) to invest in European based online payments company Klarna, serves 60 million consumers across 70,000 retailers, terms not disclosed. $V PR link

Facebook(PBR228) CEO Mark Zuckerberg announces that the Facebook community now has 2 billion people as of this morning. $FB PR link

BlackRock(PBR252) to acquire cash management financial technologies provider Cachematrix, terms not disclosed. $BLK PR link

Owens Corning(PBR465) completes $560 million cash acquisition of global 1,100 employee $240+ million revenues/2016 cellular glass insulation systems FOAMGLAS® producer Pittsburgh Corning$OC PR link

NVIDIA(PBR510) announces 5 new European partnerships/collaboration with Volvo, VW, ZF, Autoliv, and HELLA for artificial intelligence applications for autonous vehicles, builds on relationships with Audi, Mercedes, Toyota, & Tesla$NVDA PR link

Boeing(PBR27) SVP/Program Management, Integration & Development Programs Scott Fancher to retire in 09/17 after 40 year career. $BA PR link

Kohl’s(PBR149) hires Bruce Besanko as CFO, effective 07/10/17. $KSS PR link

Rent A Center(PBR657) hires Martin Evans as EVP/Chief Human Resources Officer, effective 07/18/17. $RCII PR link

Under Armour(PBR668) hires Patrik Frisk as President/COO, effective 07/10/17, announces strategic executive changes. $UA PR link

A. Schulman(PBR791)Chairman/President/CEO Joe Gingo to step down from CEO role in 08/18, to remain Chairman, international search firm retained. $SHLM PR link

The Federal Reserve Bank of Richmond says the US Fifth District June Annualized Manufacturing Index is at +7%, May was +1%, April +20%, June 2016 -10%. RichmondFed PR link

The Federal Reserve Bank of Richmond says the US Fifth District June Services Revenues Indicator is at +19%, May was +34%, April +22%. RichmondFed PR link

The Conference Board US June Consumer Confidence Index(1985=100) is at 118.9, May was 117.6, June 2016 97.4. TCB PR link

The S&P CoreLogic Case-Shiller US April National Home Price NSA Index(01/2000=100)is at 188.50, March was 186.73. February 185.36, April 2016 178.68. C-S PR link

NCR(PBR383) celebrates the 50th Anniversary of the ATM with a brief history. $NCR PR link

Auto Industry: General Motors(PBR8 $GM)expects 2017 US light-vehicle sales in the “low” 17-million range, down from earlier forecast to roughly match 2016’s 17.55-million record. MarketWatch PR link

The International Monetary Fund releases its concluding 2017 Article IV statement on the US economy and government policies issues. IMF PR link

***Monday, June 26:

Philip Morris Intl(PBR35) to invest $559 million for expansion of Crespellano facility in Bologna, Italy, create up to an additional 600 jobs, for production of smoke-free HEETS tobacco units. $PMI PR link

Lowe’s(PBR50) completes $512 million acquisition of Houston, TX, based 13 distribution centers maintenance, repair and operations products to the multifamily housing industry distributor Maintenance Supply Headquarters$LOW PR link

Hartford Financial(PBR152) to transfer $1.6 billion of its $5.6 billion in pension liabilities to Prudential Financial(PBR55 $PRU), will net approximately $485 million after tax. $HIG PR link

Arconic(PBR215) issues statement saying it will no longer sell its Reynobond PE product for any high-rise structures applications, decision based on Grenfell Tower fire in London, England. $ARNC PR link

YUM!(PBR217 $YUM) selling 28 KFC locations across Tasmania, Australia to publicly held Australian restaurant operator Collins Foods for around $83 million cash. MarketWatch PR link

Avis Budget(PBR316) to offer fleet support/maintenance services forAlphabet(PBR44)’s Waymo‘s self-driving car program at Avis/Budget car rental locations. $CAR PR link

Avery Dennison(PBR396) completes $190 million plus up to $55 million earnouts acquisition of China based $160 million/2016 industrial specialty tapes manufacturer Yongle Tape Co$AVY PR link

Sonoco Products(PBR480) to acquire $140 million/2017 400 employees developer/manufacturer of flexible and forming plastic packaging films Elk Grove, IL, based Clear Lam Packaging for $170 million. $SON PR link

Crown Castle(PBR603) completes $600 million acquisition of private S California 1,900 miles of fiber services provider Wilcon$CCI PR link

Martin Marietta(PBR689) to acquire largest US pure-play aggregates 23 active sites private Bluegrass Materials for $1.625 billion cash. $MLM PR link

Scientific Games(PBR937) gets new 4 year contract plus 2 year extension option to provide instant games and additional services to the New Hampshire Lottery$SGMS PR link

Buffalo Wild Wings(PBR981) rolls out Blazin’ Rewards® Loyalty Program nationwide, registered over 2 million members during pilot program. $BWLD PR link

SuperValu(PBR164) EVP/COO/CFO Bruce Besanko leaving for another an outside opportunity, EVP/Chief Strategy Officer Rob Woseth adds interim CFO role, VP/Controller David Johnson adds Chief Accounting Officer role. $SVU PR link

ABM Industries(PBR478) hires Andrea Newborn as EVP/General Counsel, effective 07/05/17. $ABM PR link

Fortune Brands(PBR569) to promote Patrick Hallinan to SVP/CFO, effective 07/01/17, succeeds Lee Wyatt who becomes EVP & will retire by 12/31/17. $FBHS PR link

The Federal Reserve Bank of Chicago May National Activity Index is at -0.26, April was 0.57, March -0.18, May 2016 -0.58. ChiFed PR link

FannieMae(PBR17) 2Q17 Mortgage Lender Sentiment Survey® Executive Summaryindicates more lenders looking to ease credit standards as mortgage demand cools and competition heats up. $FNMA PR link

***Friday, June 23:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 06/23/17:
DJIA ends week at 21,394.76, +0.05% from last Friday, +1.84% MTD, +3.54% QTD, +8.26% YTD, -0.62% from record 21,528.99 set 06/19/17.
NASDAQ ends week at 6,265.25, +1.84% from last Friday, +1.08% MTD, +5.98% QTD, +16.39% YTD, -0.89% from record 6,321.76 set 06/08/17.
SPX ends week at 2,438.30, +0.21% from last Friday, +1.10% MTD, +3.20% QTD, +8.91% YTD, -0.62% from record 2,453.46 set 06/19/17.

SuperValu(PBR164) completes $390 million acquisition of $3.8 billion/yr Unified Grocers$SVU PR link

Caesars Entertainment(PBR314) and Caesars Acquisition Company (NASDAQ: CACQ) get Form S-4 registration merger approval from the SEC, vote for merger set for 07/25/17 for stockholders of both companies, still subject to regulatory and bankruptcy court approvals. $CZR PR link

DR Horton(PBR337) raises bid for 75% of Forestar Group(NYSE: FOR) from $16.25/share to $17.75/share, Forestar says offer is superior to Starwood Capital offer. $DHI PR link

Expedia(PBR433) completes acquisition of majority of London based global rail full service 25+ million bookings/year retailing/distribution platform developer SilverRail, terms not disclosed. $EXPE PR link

Coach(PBR496) extends $18.50/share, $2.4 billion tender offer for all common stock of Kate Spade(PBR970 $KATE) from 06/23/17 to 07/10/17 to allow Japan regulatory agencies to complete waiting period, expires on 07/02/17. $COH PR link

Humana(PBR58) hires Sam Despande for newly created position of SVP/Chief Risk Officer. $HUM PR link

Public Service Enterprise Group(PBR257)elects Ralph LaRossa to be President/CEO PSEG Power, to succeed retiring Bill Levis, David Daly to succeed LaRossa as President/COO PSE&G unit & Chairman/PSEG Long Island, effective 10/02/17. $PEG PR link

The US Dept of Commerce/HUD estimates US May New Family Homes Sold/For Sale Annual Rate at 610,000 units(April a revised 593,000, March a revised 644.000, May 2016 560,000),
Median Price $345,800,
Units Available 268,000,
Months Supply 5.3.
HUD PR link

Housing Market: The FreddieMac(PBR41) June Outlook says that despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales. $FMCC PR link

Apparel Industry: The Adobe(PBR557) May Digital Price Index shows 7,000 new apparel products appear online each day, shows prices for apparel online drop faster than offline. $ADBE PR link

***Thursday, June 22:

Kroger(PBR20) authorizes $1 billion share repurchase program. $KR PR link

American Airlines(PBR69) files SEC Form-8 indicating unsolicited interest by Qatar Airwaysto buy around 10% of its common stock. $AAL PR link

Hain Celestial(PBR712) files SEC Form 10-K for 2016, 10-Qs for 1st 3 quarters of fiscal year 2017, authorizes new $250 million share repurchase program. $HAIN PR link

Dollar General(PBR151) hires Jason Reiser as EVP/Chief Merchandising Officer, effective 07/12/17. $DG PR link

CenturyLink(PBR160) names executives of 5 business units and 4 functional groups that will report to President/COO Jeff Storey upon completion of $66.50/share, $34 billion acquistion of Level 3 Communications(PBR375 $LVLT) by 3Q17. $CTL PR link

Dr Pepper Snapple(PBR406) promotes Lain Hancock to CEO of Bai Brands, succeeds departing founder Ben Weiss. $DPS PR link

LPL Financial(PBR543) hires Scott Seese as Managing Director/CIO, effective 07/10/17. $LPLA PR link

Martin Marietta(PBR689) hires Jim Nickolas as SVP/CFO, effective mid 08/17 upon retirement of EVP/CFO Anne Lloyd. $MLM PR link

Hain Celestial(PBR712) promotes James Langrock to EVP/CFO, effective 06/23/17, succeeds departing Pasquale Conte. $HAIN PR link

The Conference Board says US May Leading Economic Index(2010=100) at 127.0, April was 126.7, March 126.5, May 2016 123.4, forecasts moderate 2.0% growth in 2017. TCB PR link

***Wednesday, June 21:

Intel(PBR51) to provide Olympic Games with its 5G platforms, VR, 3D and 360-degree content development platforms, artificial intelligence platforms, and drones, along with other silicon solutions per TOP partnership through 2024 with Intl Olympic Committee$INTC PR link

Nationstar Mortgage(PBR857) moves international call center operations back to US, creates 500 jobs. $NSM PR link

Dollar General(PBR151) hires Carman Wenkoff as EVP/Chief Information Officer, effective 07/10/17, succeeds retiring Ryan Boone. $DG PR link

FirstEnergy(PBR195) EVP & President/Generation James Lash to retire, effective 08/01/17, President/Nuclear Operating Co & Chief Nuclear Officer Samuel Belcher to add those responsibilities to his role. $FE PR link

Patterson Cos(PBR542) CEO/Animal Health unit John Adent is departing, VP/Animal Health Sales & Marketing Kevin Pohlman appointed interim President. $PDCO PR link

Equity Residential(PBR741) EVP/General Counsel Bruce Strohm to retire effective 01/01/18, to be succeeded by SVP/Legal Scott Fenster. $EQR PR link

SemGroup(PBR866) hires Susan Lindberg as VP/General Counsel, succeeds retiring Candice Cheeseman. $SEMG PR link

The Natl Assn of Realtors says US May Existing Home Sales Annual Rate at 5.62 million, +1.1% from April, +2.7% from May 2016, Median Price was record $252,800. NAR PR link

***Tuesday, June 20:

Ford(PBR10) investing $900 million in Kentucky Truck Plant, secure 1,000 hourly jobs, to build Ford Expedition and Lincoln NavigatorFord Focus manufacturing moving from Mexico to China by 2019 to save $1 billion in investment costs. $F PR link

Sprint(PBR86) to open 78 new retail outlets throughout Los Angeles, Orange County, Inland Empire, & San Diego by end of 2017, creates 550+ jobs. $S PR link

Becton Dickinson(PBR318) gets FDA 510(k) clearance for new line of customizable, 3.0mm micro-laparoscopic instruments. $BDX PR link

AMD(PBR446) launches AMD EPYC™ 7000 series datacenter processors, sets high performance records for 2 and 1 socket servers. $AMD PR link

PAREXEL Intl(PBR762) to be acquired by Pamplona Capital Management for $88.10/share, $5.0 billion cash. $PRXL PR link

Hologic(PBR767) gets FDA clearance of Aptima® Assay to detect Herpes Simplex Virus 1 & 2 which affects 24+ million Americans. $HOLX PR link

3M(PBR92) promotes Michael Roman to EVP/COO and HC Shin to Vice Chair/EVP, and 5 other executive appointments; waives manadatory retirement age of 65 for CEO Inge Thulin. $MMM PR link

Whirlpool(PBR138) CEO Jeff Fettig to step down, remain Chairman, President/COO Marc Bitzer to be CEO, all effective 10/01/17. $WHR PR link

Regis Corp(PBR912) hires Andrew Lacko as EVP/CFO, effective 07/01/17. $RGS PR link

Aerospace Industry: Boeing(PBR27) in annual Services Market Outlook forecasts 10 year combined commercial/government aerospace services at $2.6 trillion, 20 year commercial up to $8.5 trillion. $BA PR link.
Boeing(PBR27) in annual Current Market Outlook forecasts 41,030 new airplanes needed over the next 20 years valued at $6.1 trillion. $BA PR link

***Monday, June 19:

GE(PBR9) Capital Aviation Services unit and Canada based asset manager CDPQ to form $2 billion aircraft leasing business named Einn Volant Aircraft Leasing$GE PR link.

AmerisourceBergen(PBR16) reorganizes into 2 groups, Pharmaceutical Distribution and Strategic Global Sourcing, lead by Group President Robert Mauch, and Global Commercialization Services and Animal Health, lead by Group President James Cleary, Jr; executive management team named. $ABC PR link.

Boeing(PBR27) launches larger capacity 737 MAX 10 at Paris Air Show, to be industry’s most efficient, profitable single-aisle airplane, 240 orders already from 10+ customers. $BA PR link.

Philip Morris Intl(PBR35) to invest $320 million to build new smoke-free HEETS tobacco units product facility in Dresden, Germany, to employ 500. $PM PR link.

Time Warner(PBR103) and social networking provider Snap(OTCQB: SNAP) announce global partnership spanning media spending and development of made-for-Snap Shows over the next two years. $TWX PR link.

Hess(PBR248) to sell its enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum(PBR123) for $600 million. $HES PR link.

Stryker Corp(PBR283) to acquire Canada based medical fluorescence imaging technology developer NOVADAQ Technologies(NASDAQ:NVDQ; TSX:NDQ) for $11.75/share, $701 million. $SYK PR link.

Celanese(PBR369) and Blackstone(PBR352 $BX) each contribute a business unit to form 70/30 joint venture in $1.3 billion/year 2,400 employee acetate tow business. $CE PR link.

TEGNA(PBR622) to sell CareerBuilder unit to Apollo Global Management(PBR906) and the Ontario Teachers’ Pension Plan Board for $250 million, will retain 12.5% interest. $TGNA PR link.

EQT(PBR784) to acquire natural gas producer Rice Energy(NYSE: RICE) in $6.7 billion cash/stock deal, includes $1.5 billion debt. $EQT PR link.

PerkinElmer(PBR839) to acquire Germany based 2,400 employee $310 million/2017 global autoimmune/infectious disease/allergy testing provider EUROIMMUN Medical Laboratory Diagnostics AG for $1.3 billion cash. $PKI PR link.

The Children’s Place(PBR939) to open retail stores in Indonesia, Singapore, Thailand and the Philippines per development agreement with Gill Capital$PLCE PR link.

Buffalo Wild Wings(PBR981) to sell 83 company owned restaurants as part of refranchising effort. $BWLD PR link.

Navient(PBR443) promotes Tim Hynes to newly created position of EVP/Consumer Lending. $NAVI PR link.

Autodesk(PBR773) appoints current interim co-CEO Andrew Anagnost as President/CEO, effective immediately. $ADSK PR link.

FannieMae(PBR17) Economic & Strategic Research (ESR) Group’s June 2017 Economic and Housing Outlook sees 2.0% growth in 2017, with 2Q17 projected at 2.9% annual growth rate from 1.2% in 1Q17, but uncertainty surrounding fiscal and monetary policy is clouding the forecast. $FNMA PR link.

***Friday, June 16:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 06/16/17:
DJIA ends week at 21,384.28, +0.53% from last Friday, +1.79% MTD, +3.49% QTD, +8.21% YTD, +0.00% from record 21,384.28 set 06/16/17.
NASDAQ ends week at 6,151.76, -0.90% from last Friday, -0.75% MTD, +4.06% QTD, +14.28% YTD, -2.69% from record 6,321.76 set 06/08/17.
SPX ends week at 2,433.15, +0.06% from last Friday, +0.89% MTD, +2.98% QTD, +8.68% YTD, -0.30% from record 2,440.35 set 06/13/17.

Walmart(PBR1) to acquire internet built menswear fashion brand Bonobos for $310 million cash, CEO/Founder Andy Dunn to report to President/CEO of US eCommerce Marc Lore. $WMT PR link.

ExxonMobil(PBR2) to invest in 1st phase of development of Liza field off Guyana, expects initial production to be 120,000 barrels/day in 2020. $XOM PR link.

General Motors(PBR8) to open new supplier park in Arlington, TX, to create 850+ new jobs, 600 as replacements for work done outside the US. $GM PR link.

Amazon(PBR29) to acquire Whole Foods(PBR203 $WFM) for $42/share, a 27% premium from 06/15/17 close, $13.7 billion cash deal includes debt, expects to close 2H17, WF to continue to operate under its brand name, John Mackey to remain CEO, maintain headquarters in Austin, TX$AMZN PR link.

Johnson & Johnson(PBR37) completes $280/share, $30 billion cash acquisition of Swiss based pharmaceutical company Actelion(SIX:ATLN)$JNJ PR link.

McDonald’s(PBR101 $MCD) and International Olympic Committee mutually agree to end worldwide TOP partnership. IOC PR link.

Equifax(PBR795) to acquire identity protection and resolution services company ID Watchdog(TSX.V: IDW), terms not disclosed. $EFX PR link.

Synopsys(PBR879) replenishes share repurchase program to $500 million. $SNPS PR link.

Apple(PBR5) hires Sony Pictures Television executives Jamie Erlicht and Zack Van Amburg to oversee all aspects of video programming. $AAPL PR link.

Caterpillar(PBR54) announces 3 VP retirements, 2 new divisions created in reorganization, 2 VP promotions, starts search for VP of new Digital Enables Solutions division. $CAT PR link.

Parker Hannifin(PBR218) VP/eBusiness, IoT, and Services Robert Bond retiring, Michael Chung elected successor, effective 08/01/17. $PH PR link.

Wabash Natl(PBR917) SVP & Group President/Diversified Products Mark Weber has left, successor search starts. $WNC PR link.

The US Dept of Commerce/HUD estimates US May Private Housing Permits Issued Annual Rate at 1,168,000, -4.9% from April, -0.9% from May 2016. HUD PR link.

The U of Michigan Preliminary US June Consumer Sentiment Index is at 94.7, May Final was 97.1, April 97.0, June 2016 93.5. UMich PR link.

***Thursday, June 15:

Amazon(PBR29) Prime members in Denver get new Prime Now free 2 hour delivery of Amazonand Sprouts Farmers Market(PBR688) items, 1 hour delivery available for $7.99. Prime Now is available in 30+ US cities. $AMZN PR link.

DuPont(PBR82) and Dow Chemical(PBR48)gets US Dept of Justice approval for merger of equals, expect to close transaction in 08/17, then do 3 spinoffs within 18 months. $DD PR link.

Nike(PBR98) announces realignment, new Consumer Direct Offense, to focus on 12 cities in 10 countries for growth, to cut 2% of its 70,700 workforce, cutting 25% of its styles, cutting product creation cycles in half. $NKE PR link.

AMD(PBR446) selected by US Dept of Energyfor PathForward 3 year program to accelerate critical computing technologies for the nation’s first exascale supercomputers. $AMD PR link.

Booz Allen Hamilton(PBR466) files SEC Form 8 stating the US Dept of Justice is conducting a civil & criminal investigation relating to certain elements of the Company’s cost accounting and indirect cost charging practices with the US government. $BAH PR link.

Michaels Cos(PBR503) authorizes new up to $500 million share repurchase program with no expiration date. $MIK PR link.

Mead Johnson(PBR539) $90/share, $17.9 billion acquisition by global consumer health & hygiene company Reckitt Benckiser Group plcis completed. $MJN PR link.

CIT Group(PBR608) completes $38 million at average $46.45/share open market repurchase program, to do $512 million accelerated share repurchase program with Morgan Stanley(PBR79)$CIT PR link.

Hologic(PBR767) receives expanded FDA 510(k) clearance to market Cynosure’s SculpSure® for non-invasive body contouring (Lipolysis) of back, inner and outer thighs, already cleared for abdomen and love handles(flanks). $HOLX PR link.

Skechers(PBR808) gets 2 US District Courtvictories over Adidas, preliminary junction against selling Mega-Blade children’s shoes denied, 2 patent infringement claims dismissed. $SKX PR link.

PG&E(PBR172) SVP/Generation & Chief Nuclear Officer Ed Halpin to retire 12/31/17. $PCG PR link.

Campbell Soup(PBR326) promotes SVP/Global Suppy Chain Bob Furbee, SVP/US Sales Jim Sterbenz, and VP/Corporate Strategy Emily Waldorf to Leadership team, all reporting to President/CEO Denise Morrison. $CPB PR link.

Analog Devices(PBR701) forms 3 new business groups and members of the executive team: Greg Henderson is SVP/Automotive, Communication and Aerospace & Defense, Yusuf Jamal is SVP/Industrial, Healthcare, Consumer, and IoT Solutions and Security, and Steve Pietkiewicz is SVP/Power Products. $ADI PR link.

The US Dept of Labor says US May Import Prices Index(Preliminary) was -0.3% from April, YoY +2.1%, Export Prices Index -0.7%, YoY +1.4%. USDOL PR link.

The US Federal Reserve says US May Industrial Production Capacity at 76.6%, April was 76.7%, March 75.9%, May 2016 75.6%. FRB PR link.

The Empire State June Manufacturing General Business Conditions Index is at 19.8, May was -1.0, April 5.2, June 2016 3.7. NYFed PR link.

The Federal Reserve Bank of Philadelphia June Manufacturing General Activity Indicator is at 27.6, May was 38.8, April 22.0, June 2016 4.1. PhillyFed PR link.

The Natl Assn of Home Builders says US builder confidence remains strong in June, US June Housing Market Composite Index at 67, May was 69, April 68, June 2016 60. NAHB PR link.

***Wednesday, June 14:

UPS(PBR47) issues statement regarding shooting incident in San Francisco area processing facility. $UPS PR link.

Mattel(PBR412) and Fosun to form joint venture in China to launch child development clubs$MAT PR link.

Bon-Ton Stores(PBR707) selects 400 from 1,250+ artisan and entrepreneur applications for first “Close to Home” online sourcing fair. $BONT PR link.

Buffalo Wild Wings(PBR981) to pilot B-Dubs Express in two new small-format locations in the metro Minneapolis this summer, takeout/delivery to be emphasis. $BWLD PR link.

GE(PBR9) Power President/CEO Steve Bolze to retire, GE Energy Connections to be merged into GE Power, Russell Stokes to be President/CEO, effective 07/03/17. $GE PR link.

Biogen(PBR282) hires Jean-Paul Kress, MD, as EVP & President/International and Head of Therapeutic Operations, effective 06/19/17. $BIIB PR link.

William Cos(PBR348) hires Chad Zamarin as SVP/Corporate Strategic Development, effective 06/26/17, succeeds retiring Frank Billings. $WMB PR link.

Frontier Communications(PBR501) hires John Maduri as EVP/Consumer Sales, Market & Product, effective 07/24/17, succeeds leaving Cecelia McKenney. $FTR PR link.

The US Federal Open Market Committeeraises federal funds rate 0.25% to 1.00-1.25%, sees 2% inflation rate target in medium term, labor market continues to strengthen, economy growing moderately, expects to begin implementing a balance sheet normalization program this year. FOMC PR link.

The US Dept of Labor says US May Current Average Weekly Earnings at $901.97, +0.2% from April, +2.5% from May 2016. USDOL PR link.

The US Dept of Labor says US May Consumer Price Index was -0.1% from April, +1.9% over last 12 months. USDOL PR link.

The US Dept of Commerce says US April Total Manufacturers/Retailers/Wholesale Sales at $1.352 trillion, +0.0% from March, +5.6% from April 2016.
USDOC PR link.

The US Dept of Commerce says US May Retail/Food & Drinking Services(Advance Report) at $473.8 billion, -0.3% from April, +3.8% from May 2016. USDOC PR link.

***Tuesday, June 13:

Verizon(PBR15), after completion of $4.48 billion cash acquisition of Yahoo!(PBR519), forms Oath subsidiary with 50+ brand names including Yahoo! segments, AOL, HuffPost, & Tumblr. Tim Armstrong, former AOL CEO, is CEO of Oath. $VZ PR link.

UPS(PBR47) to open 893,000 sf processing facility in Indianapolis, IN, area, to add 575+ fulltime equivalent jobs. $UPS PR link.

Sears(PBR93) to eliminate 400 full-time positions in corporate, global support functions, and others, part of restructuring program. $SHLD PR link.

McDonald’s(PBR101) to hire 250,000 US restaurant employees, more than half from 16-24 age group. $MCD PR link.

Zimmer Biomet(PBR512) gets US FDA letter saying Warning letter of 06/03/15 relating to its Zhejiang, China manufacturing facility has been closed out. $ZBH PR link.

Yahoo!(PBR519) completes $4.48 billion sales of its operating business by Verizon(PBR15), to change name to Altaba Inc, register as an investment company, to begin trading with symbol AABA on 06/19/17. $YHOO PR link.

Tesla(PBR651) Model X is first SUV to achieve 5-star crash rating in every category from National Highway Traffic Safety Administration$TSLA PR link.

Biogen(PBR282) EVP/Finance & CFO Paul Clancy is leaving to join another pharmaceutical company. $BIIB PR link.

Essendant(PBR458) President/CEO Robert Aiken, Jr, resigns, Group President/Industrial Richard Phillips appointed Interim President/CEO. $ESND PR link.

Herbalife(PBR487) promotes Frank Lamberti to EVP/Managing Director, The Americas and Worldwide Marketing, succeeds Miguel Angel Fernandez, who has left the Company to assume the role of president of Avon Products(PBR303)$HLF PR link.

Coty(PBR524) SVP/Chief Scientific Officer Ralph Macchio to retire on 06/30/17. $COTY PR link.

Alexion Pharmaceutical(PBR840) hires Paul Clancy as CFO, effective 07/31/17, succeeds Dave Anderson. $ALXN PR link.

The US Department of Labor says US May Total Final Demand was +0.0%, April was +0.5%, March -0.1%, Last 12 Months +2.4%. USDOL PR link.

Manpower(PBR132) 3Q17 Employment Outlook shows 1 in 4 companies to be hiring, 70% no change. $MAN PR link.

CoreLogic says US March Housing Mortgage Delinquencies 30 or more Days Past Due at 4.4% rate, lowest in 10 years. CL PR link.

***Monday, June 12:

Amazon(PBR29) to open 855,000+ sf fulfillment center in Thornton, CO, 2nd in state, to create 1,500+ fulltime jobs. $AMZN PR link.

Microsoft(PBR31) announces XBox One X, 42 new games, 22 with console exclusivity, $499 retail, to be available 11/07/17. $MSFT PR link.

JCPenney(PBR234) gets exclusive Libby Edelman collection fashion brand, to be available in 500 stores and online starting 07/14/17, full Fall launch on 09/08/17. $JCP PR link.

GE(PBR9) Chairman/CEO Jeff Immelt to retire as CEO, effective 08/01/17, remain Chairman through 12/31/17. President/GE Healthcare John Flannery to be successor CEO, then Chairman. $GE PR link.

Tyson Foods(PBR80) hires Scott Spradley as Chief Technology Officer, effective 06/26/17. $TSN PR link.

Halliburton(PBR90) hires Christopher Weber as EVP/CFO, effective 06/22/17. $HAL PR link.

La-Z-Boy(PBR918) hires David Behen as Chief Information Officer. $LZB PR link.

The US Dept of Treasury says US May Federal Government Receipts were $240.4 billion, Outlays $328.8 billion, Deficit $88.4 billion, Fiscal YTD Deficit(8 months) is $432.9 billion. Treasury PR link.

***Friday, June 9:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 06/09/17:
DJIA ends week at 21,271.97, +0.31% from last Friday, +1.25% MTD, +2.95% QTD, +7.64% YTD, +0.00% from record 21,271.97 set 06/09/17.
NASDAQ ends week at 6,207.92, -1.55% from last Friday, +0.15% MTD, +5.01% QTD, +15.32% YTD, -1.80% from record 6,321.76 set 06/08/17.
SPX ends week at 2,431.77, -0.30% from last Friday, +0.83% MTD, +2.92% QTD, +8.62% YTD, -0.30% from record 2,439.07 set 06/02/17.

ExxonMobil(PBR2) says NY Attorney General‘s ‘Reckless and False Allegations’ misstate climate policies. $XOM PR link.

WestRock(PBR278) completes $192 million acquisition of 5 containerboard manufacturing facilities from US Corrugated$WRK PR link.

Boeing(PBR27) promotes Jenette Ramos to SVP/Supply Chain & Operations, succeeds Pat Shanahan who has been nominated for US Deputy Secretary of Defense. $BA PR link.

The US Dept of Labor says US 1Q17 Wages/Salaries Average Hourly Rate is $24.10, Benefits $11.18, Total $35.28, +1.1% from 4Q16, +3.9% from 1Q16. USDOL PR link.

The US Dept of Commerce says US April Total Wholesale Sales at $464.2 billion, -0.4% from March, +7.3% from April 2016. USDOC PR link.

***Thursday, June 8:

Amazon(PBR29) to open 855,000 sf fulfillment center in New Haven, CT, to create 1,500 fulltime jobs. $AMZN PR link.

Cigna(PBR85 $CI) and CVS Health(PBR11)launches Cigna Health Works, collaboration aligns Cigna-administered health benefits with CVS Pharmacy and CVS MinuteClinic retail health care services. $CVS PR link.

Nordstrom(PBR214) family members have formed a group to explore a possible “going private transaction.” $JWN PR link.

Yahoo!(PBR519) stockholders approver $4.48 billion cash acquisition of its operating business by Verizon(PBR15), expects to close 06/13/17, will then change name to Altaba Inc, register as an investment company. $YHOO PR link.

PolyOne(PBR586) acquires Pineville, NC, based global provider of customized formulations screen printing inks for the apparel market Rutland Holding Co$POL PR link.

Endo Intl(PBR700) evaluating options per US FDA request it withdraw opioid OPANA® ERfrom the market. $ENDP PR link.

Leidos(PBR475) hires Jerald S. Howe, Jr, as EVP/General Counsel, succeeds Vincent A. Maffeo who is retiring effective 07/15/17. $LDOS PR link.

SAIC(PBR580) President/Global Markets & Missions Nazzic Keane adds corporate COO role; corporate headquarters moving from McLean, VA, to Reston, VA, effective 07/01/17. $SAIC PR link.

Bristow Group(PBR919) restructures into 2 primary hubs, Alan Corbett is VP/Europe hub, Rob Phillips is VP/Americas hub, executives team downsized by 3. $BRS PR link.

The US Federal Reserve says US 1Q17 Total Households/Non-Profits Net Worth at $94.835 trillion, +2.5% from 4Q16, +8.3% from 1Q16. FRB PR link.

***Wednesday, June 7:

Amazon(PBR29) opening new 800,000+ sf fulfillment center in Miami, FL, 10th in the state, to create 1,000+ fulltime jobs. $AMZN PR link.

Amazon(PBR29) to open 1st fulfillment center in Oregon in Troutdale, 855,000 sf, to create 1,500 fulltime jobs. $AMZN PR link.

Tyson(PBR80) completes $40.25/share, $4.2 billion cash acquisition of Cincinnati, OH, based $1.6 billion/2016, national sandwich maker AdvancePierre Foods Holdings(NYSE:APFH)$TSN PR link.

Sprint(PBR86) to open 60 new retail outlets, hire 450+ in New England area over next 18 months. $S PR link.

Baxter Intl(PBR176) gets US FDA approvaland commercial launch of ready-to-use Clindamycin injection in saline. $BAX PR link.

Allergan(PBR219) to acquire Keller Medical, adding Keller Funnel® to its plastic surgery portfolio, terms not disclosed. $AGN PR link.

Caesars Entertainment(PBR314) Operating Company subsidiary to raise up to $2.2 billion to repay existing indebtedness as part of Chapter 11 reorganization plan. $CZR PR link.

Markel(PBR470) to combine Wholesale and Global Insurance divisions into Market Assurance division by 01/01/18, Bryan Sanders to be president. $MKL PR link.

Arthur J Gallagher(PBR515) acquires Kent, England, global executive consultancy services Total Reward Group, terms not disclosed.$AJG PR link.

Hologic(PBR767) gets US FDA approval for its Genius™ 3D Mammography™ Exam as the only mammogram superior for women with dense breasts. $HOLX PR link.

PPG(PBR190) appoints Henrik Bergstrom to VP/Architectural Coatings, Latin America, and President/PPG Comex, succeeds retiring Marcos Archar Levy. $PPG PR link.

HNI Corp(PBR841) promotes Jeff Lorenger to President/Office Furniture. $HNI PR link.

New York Times(PBR971) promotes Meredith Kopit Levien to EVP/COO, part of plan to reshape and accelerate digital platforms. $NYT PR link.

The US Federal Reserve estimates US April Total Consumer Credit Outstanding at $3.821 trillion, +0.2% from March, +0.7% YTD, +6.0% from April 2016. FRB PR link.

The FannieMae(PBR17) US May Home Purchase Sentiment Index is 86.2, April was 86.7, March 84.5, May 2016 85.3. $FNMA PR link.

***Tuesday, June 6:

General Motors(PBR8) shareholders elect all 11 of GM’s Board nominees, rejects Greenlight’s proposal to create a dual-class stock structure. $GM PR link.

Amazon(PBR29) introduces discounted Amazon Prime subscription of $5.99/month for customers receiving government assistance. $AMZN PR link.

JCPenney(PBR234) opens 400 sf Dorm shops in 500 locations, caters to college students, offers online purchases & free pickup at nearest location. $JCP PR link.

WestRock(PBR278) completes $18/share, $2.28 billion acquisition of $1.6 billion/2016 Multi Packaging Solutions(NYSE: MPSX)$WRK PR link.

Fidelity Natl Financial(PBR331)’s FNFV Group(NYSE: FNFV) completes $560 million cash sale of its One Digital Health and Benefitsunit. $FNFV PR link.

Arthur J Gallagher(PBR515) acquires Ann Arbor, MI, full service insurance broker Armstrong/Robitaille/Riegle, Inc. and retirement plan services agency Ann Arbor Business Advisors, LLC$AJG PR link.

SemGroup(PBR866) to acquire 330 acres 16.8 million barrel terminal Houston Fuel Oil Terminal Co for $2.1 billion. $SEMG PR link.

Cooper-Standard(PBR644) appoints Jonathan P. Banas as EVP/CFO, succeeds Matthew Hardt, who has resigned. $CPS PR link.

Columbia Sportswear(PBR768) realigns corporate leadership team, 6 changes announced. $COLM PR link.

Revlon(PBR900) CFO Juan Figuereo retiring, COO Chris Peterson adds CFO role to his responsibilities. $REV PR link.

MSA Safety(PBR1002) elects Nishan Vartanian to newly created post of President/COO. $MSA PR link.

The US Dept of Labor estimates US April Total Job Openings at 6,044,000, +4.5% from March, +7.1% from April 2016. USDOL PR link.

The PurdueU/CME Group US May Agriculture Barometer Index(100=Unchanged) is 130, April was 130, March 124, May 2016 97. PurdueU/CME PR link.

***Monday, June 5:

Apple(PBR5) announces HomePod wireless speaker, automatically adjusts audio based on position in a room. $AAPL PR link.

Baker Hughes(PBR108) & GE(PBR9 $GE) Oil & Gas announce 15 person executive team upon $7.4 billion acquisition by GE, expected to close mid 2017. $BHI PR link.

Marriott Intl(PBR211) expects to grow its 240 independent hotels under 3 collection brands by nearly 50% by 2019. $MAR PR link.

Discover Financial(PBR286) to hire 200+ in its Phoenix area customer care centers. $DFS PR link.

Becton Dickinson(PBR318) gets FDA 510(K) clearance for BD MAX™, a molecular test for harmful intestinal bacteria causing infectious diarrhea. $BD PR link.

DR Horton(PBR337) proposes to acquire 75% of Forestar Group(NYSE: FOR) for $16.25/share, $520 million cash. $DHI PR link.

Weyerhauser(PBR355) to sell its timberlands/manufacturing business in Uruguayto a consortium led by BTG Pactual’s Timberland Investment Group for $402.5 million cash. $WY PR link.

Cabela’s(PBR606) special shareholders meeting set for 07/11/17 to vote on $61.50/share, $5 billion acquisition by Bass Pro Shops, expects to close in 3Q17 if approved. $CAB PR link.

Tempur Sealy(PBR687) North America orders in May 2017 increased approximately 15% compared to May 2016 excluding Mattress Firm$TPX PR link.

Williams-Sonoma(PBR508) names Alex Bellos President/West Elm brand, succeeds Jim Brett who has left to become CEO at J.Crew. $WSM PR link.

AmTrust Financial(PBR564) appoints Adam Karkowsky as EVP/CFO, succeeds Ronald Pipoly, Jr. $AFSI PR link.

Perrigo(PBR565) CEO John T. Hendrickson to retire upon appointment of successor. $PRGO PR link.

Equifax(PBR795) CMO Trey Loughran to become President/US Information Services(USIS), President/USIS Paulino Barros to lead Asia-Pacific business, both effective 07/01/17. $EFX PR link.

The US Dept of Labor revises US 1Q17 Labor Productivity/Hr to -1.0%, 4Q16 was +2.4%, 1Q16 -0.7%. USDOL PR link.

The US Dept of Commerce estimates US April Total Manufacturing New Orders at $469.0 billion, March was $469.8 billion, February $465.2 billion. USDOC PR link.

The IHS Markit US May Composite PMI Output Index at 53.6, April was 53.2, March 53.0, May 2016 50.9. IHS Markit PR link.

The ISM US May Non-Manufacturing Index is at 56.9%, April was 57.5%, March 55.2%, May 2016 52.9%. ISM PR link.

***Friday, June 2:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 06/02/17:
DJIA ends week at 21,206.29, +0.60% from last Friday, +0.94% MTD, +2.63% QTD, +7.31% YTD, +0.00% from record 21,206.29 set 06/02/17.
NASDAQ ends week at 6,305.80, +1.54% from last Friday, +1.73% MTD, +6.67% QTD, +17.14% YTD, +0.00% from record 6,305.80 set 06/02/17.
SPX ends week at 2,439.07, +0.96% from last Friday, +1.13% MTD, +3.23% QTD, +8.94% YTD, +0.00% from record 2,439.07 set 06/02/17.

Amazon(PBR29) to open new 855,000 sf fulfillment center in Fresno, CA, will create 1,500 new full-time jobs, to be 5th fulfillment center in Central Valley area. $AMZN PR link.

US Foods(PBR118) to acquire $100 million/yr 1,800 business customers broadline distributor of food and food-related products in the southern US F. Christiana, terms not disclosed. $USFD PR link.

Office Depot(PBR182) to sell its business in mainland China to Shanghai M&G COLIPU Office Supplies Co, part of plan to divest international units, terms not disclosed. $ODP PR link.

Blackstone(PBR352) to sell its pan European logistics company, Logicor, to affiliates of China Investment Corp for around $13.50 billion. $BX PR link.

Worthington Industries(PBR660) acquires $248 million/2016 global pressure cylinders and water system tanks manufacturer Amtrol for $283 million. $WOR PR link.

Buffalo Wild Wings(PBR981) President/CEO Sally Smith announces prior to annual stockholders meeting that she will retire by 12/31/17, successor search starts. $BWLD PR link.

The US Dept of Labor says US May Total People Employed at 152,923,000, -233,000(-0.2%) from April, +1,865,000(+1.2%) from May 2016, Unemployment Rate at 4.3%. USDOL PR link.

The US Dept of Commerce says US April Total Exports were $190.9 billion, Imports $238.6 billion, Deficit $47.7 billion, YTD Deficit is $186.6 billion, April 2016 YTD Deficit was $164.4 billion. USDOC PR link.

***Thursday, June 1:

Amazon(PBR29) to create 1,000 new full time jobs at new 850,000 sf fulfillment center in Jefferson, GA. $AMZN PR link.

Tesoro(PBR71) completes $37.20/share, $6.4 billion all stock acquisition of Western Refining(PBR193)$TSO PR link.

Tesoro(PBR71) & Tesoro Logistics LP(NYSE: TLLP) to change names to Andeavor(NYSE: ANDV) and Andeavor Logistics LP(NYSE: ANDX), effective 08/01/17. $TSO PR link.

Deere & Co(PBR81) to acquire German based private global road construction equipment manufacturer Wirtgen Group for $5.2 billion cash. $DE PR link.

Icahn Enterprises(PBR147) completes initial $1.3 billion sale of American Railcar Leasingunit to Sumitomo Mitsui Banking Corpsubsidiary, $561 million option for 4,600 railcars available. $IEP PR link.

Dollar General(PBR151) to acquire 322 stores in 36 states, opened 293 stores and remodeled or relocated 301 stores in 1Q17. $DG PR link.

PPG(PBR190) has withdrawn its $105.50/share $28.8 billion cash/stock for European based specialty paints, coatings and chemicals provider AkzoNobel (AKZA.AS:AKZOY)$PPG PR link.

Praxair(PBR233) & Germany based Linde AG(Xetra: LIN) sign business combination agreement to become a $30 billion/year Linde in 50/50 stock ownership deal, expects to close in 2Q18. $PX PR link.

Marathon Oil(PBR250) completes $700 million acquisition of 21,000 net surface acres in Permian’s Northern Delaware basin in New Mexico. $MRO PR link.

KKR(PBR332) closes $9.3 billion Asian Fund III, focused on investments in private equity transactions across the Asia Pacific region. $KKR PR link.

Greenbrier(PBR846) Europe & Astra Railcomplete merger, 75% owned by Greenbrier, creates Europe’s largest end-to-end freight railcar manufacturing, engineering and repair business to reach markets throughout Europe, Eurasia, and Gulf Cooperation Council countries like Saudi Arabia. $GBX PR link.

Eli Lilly(PBR142) EVP Global Services/CFO Derica Rice to retire on 12/31/17. $LLY PR link.

Sherwin-Williams(PBR251) completes $113.00/share, $11.3 billion acquisition Valspar(PBR526)$SHW PR link.

LKQ(PBR376) CFO Nick Zarcone now officially President/CEO, succeeds Rob Wagman who now serves as a part-time employee/advisor. $LKQ PR link.

Salesforce(PBR453) hires Corey duBrowa as EVP/Chief Communications Officer, to start in 07/17. $CRM PR link.

Herbalife(PBR487) COO Richard Goudis now CEO as planned, succeeds Michael Johnson who is now Executive Chairman. $HLF PR link.

Patterson Cos(PBR542)Chairman/President/CEO Scott Anderson steps down, director Jim Wiltz to serve as Interim President/CEO, John Buck appointed Chairman. $PDCO PR link.

PolyOne(PBR586) promotes Mark Crist to president of Color, Additives & Inks, succeeds retiring John Van Hulle. $POL PR link.

TEGNA(PBR622) completes spin-off of Cars.com(NYSE: CARS) as a separate public company, Dave Lougee named TEGNA President/CEO, succeeds retiring Gracia Martore, names TEGNA executive leadership team. $TGNA PR link.

Alexion Pharmaceutical(PBR840) hires John Orloff, MD, as Head/R&D, Anne-Marie Law as Chief Human Relations Officer, Indrani Franchini as Chief Compliance Officer. $ALXN PR link.

The US Dept of Commerce estimates US April Total Construction Spending Annual Rate at $1.219 trillion, -1.4% from March, +6.7% from April 2016. USDOC PR link.

ADP(PBR235) says US May Change in Employment was +253,000, 83,000 from Small Businesses, 113,000 Midsize, 57,000 Large. $ADP PR link.

The ISM US May Manufacturing PMI Index(50%=No Change) is 54.9%, April was 54.8%, March 57.2%, May 2016 51.3%. ISM PR link.

The IHS Markit US May Manufacturing PMI Index at 52.7, April was 52.8, March 53.3, May 2016 50.7. Markit PR link.

Automotive News reports US May New Light-Vehicles Sold was at 1,519,793 units, +6.5% from April, -0.5% from May 2016, Annual Rate is at 16.7 million. AutoNews PR link.

US Government News: President Trump announces that the US is pulling out of the Paris Climate AccordWhite House PR link.

***Wednesday, May 31:

The PBRMarketTools US Stock Exchanges Recap for the Month Ending 05/31/17:
DJIA ends May at 21,008.65, -0.34% from last Friday, +0.33% MTD, +1.67% QTD, +6.31% YTD, -0.51% from record 21,115.55 set 03/01/17.
NASDAQ ends May at 6,198.52, -0.19% from last Friday, +2.50% MTD, +4.85% QTD, +15.15% YTD, -0.19% from record 6,210.19 set 05/26/17.
SPX ends May at 2,411.80, -0.17% from last Friday, +1.16% MTD, +2.08% QTD, +7.73% YTD, -0.17% from record 2,415.82 set 05/26/17.

(The PBR1000 is the premiere business intelligence service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate nearly $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users worldwide include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisors, business professors/students, human resources/career counselors/job seekers, federal/state/local government agencies, social causes organizations, to name just a few. To order your monthly or significantly discounted annual subscription, just go to the PBRMarketTools.com Subscribe page.)

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Copyright © 2017 by Pax Business Resources, LLC, Tucson, AZ, USA, All Rights Reserved.

The PBR1000 May 2017 Breaking News Recap

May 2017: Expect the Unexpected

Stop Lights-Stuart Miles ID-10055064

On the road green and red lights are fairly predictable, in life and business not so much.

By Larry C. Paxton

There was a lot of activity in the world with important elections held and international incidents occurring. Controversies in the US abound, mostly revolving around President Trump as he continues to establish his agenda based on his campaign promises, as he makes appointments, issues executive orders, and uses social media to make interesting personal comments.

At the same time the US stock markets continued to advance, major mergers/acquisitions announcements were made, and the US economy again showed modest/moderate growth.

The optimists say more good times are ahead with no end in sight, the naysayers say the bubble is about to burst big time. We wish you well on your prognostications, especially for those The PBR1000 Subscribers making important decisions based on the data and information provided by PBRMarketTools!

Here’s a quick May 2017 summary on key activities that relate to The PBR1000:

Mergers & Acquisitions: 20 deals worth at least $1 billion initiated, closed, or updated. Total transaction value was $231 billion.

Spinoffs: 3

Share Repurchase Programs: 14 announced, total $48.9 billion.

Bankruptcies: 1 initiated or updated

CEO Changes: 12 announced.

Jobs/Wages: Modest growth.

US Economy: Modest/moderate growth continues, stable but fragile.

Federal Reserve Federal Funds Rate Changes: 0, remains 0.75-1.00%, more increases anticipated in 2017.

US Stock Market Exchanges: The Stock Market Bull easily won with the three US major stock exchanges up in May.

National: House passes Obamacare replacement, President Trump fires FBI director James Comey, President Trump introduces proposed budget, President Trump trip to Middle East & Europe, Russia vote meddling hearings continue, Puerto Rico files for bankruptcy.

International: Brexit negotiations continue, UK elections in June, independent centrist Emmanuel Macron wins France’s Presidential election, liberal Moon Jae-in wins S Korea Presidential election, moderate Hassan Rouhani re-elected as Iran’s President, OPEC extends oil production limits, global ransomware attacks, Ariane Grande concert in Manchester, England, ends with a terrorist attack, Middle East conflicts, refugee crisis, N Korea missile tests, climate change, and US President Trump actions continue to be the headliners.

For more details here are The PBR1000 corporate and economic related breaking news items of interest with hotlinks to the sources for May 2017, starting with the last active business day.

***Wednesday, May 31:

The PBRMarketTools US Stock Exchanges Recap for the Month Ending 05/31/17:
DJIA ends May at 21,008.65, -0.34% from last Friday, +0.33% MTD, +1.67% QTD, +6.31% YTD, -0.51% from record 21,115.55 set 03/01/17.
NASDAQ ends May at 6,198.52, -0.19% from last Friday, +2.50% MTD, +4.85% QTD, +15.15% YTD, -0.19% from record 6,210.19 set 05/26/17.
SPX ends May at 2,411.80, -0.17% from last Friday, +1.16% MTD, +2.08% QTD, +7.73% YTD, -0.17% from record 2,415.82 set 05/26/17.

GE(PBR9 $GE) oil & gas business $7.4 billion acquisition of Baker Hughes(PBR108) gets European Commission approval, on track to close transaction mid 2017. $BHI PR link.

Marathon Petroleum(PBR23) announces incremental $3 billion share repurchase authorization, balance available is $5.14 billion. $MPC PR link.

Whirlpool(PBR138) gets 4 year exclusive renewal with PulteGroup(PBR428) to provide its Amana®, Whirlpool®, Maytag®, KitchenAid® and Jenn-Air® brand home appliances in its new homes nationwide. $WHR PR link.

Whirlpool(PBR138) filing safeguard petition to stop Samsung, LG from repeatedly relocating their washer manufacturing facilities to avoid US trade sanctions. $WHR PR link.

Delek US(PBR536) $12.13/share $464 million of remaining stock acquisition of Alon USA Energy(NYSE:ALJ) to be voted on by stockholders of both companies at end of 06/17. $DK PR link.

Mead Johnson(PBR539) $90/share, $17.9 billion acquisition by global consumer health & hygiene company Reckitt Benckiser Group plc gets approval by both stockholder groups, expects to close by early 3Q17. $MJN PR link.

Wolverine Worldwide(PBR722) grants global, multi-year licensing agreement of the Stride Rite brand to Vida Shoes International, forms Wolverine Children’s Group, part of strategic transformation. $WWW PR link.

Regis Corp(PBR912) is considering strategic alternatives for its mall-based salons. $RGS PR link.

Take-Two Interactive(PBR956) acquires physics-based space simulation game Kerbal Space Program, 2 million units sold to date, terms not disclosed. $TTWO PR link.

Occidental Petroleum(PBR123) hires Cedric W. Burgher as CFO, succeeds retiring Chris Stavros. $OXY PR link.

AutoNation(PBR148) promotes Lance Iserman to EVP Sales/COO. $AN PR link.

Welltower(PBR635) hires Mary Ellen Pisanelli as SVP/Legal & Administration. $HCN PR link.

Itron(PBR896) hires Joan Hooper as SVP/CFO, effective 06/05/17. $ITRI PR link.

The Federal Reserve System releases the Beige Book, covers April/May, notes modest/moderate growth overall, some labor shortages, modest/moderate wage growth in general. Fed PR link.

The US Dept of Treasury says US National Debt on 05/30/17 is $19.846 trillion, same as 04/28/17, -0.7% YTD, +3.0% from 05/31/16. Treasury PR link.

The MNI May Chicago Business Barometer(50=Neutral) is at 59.4, April was 58.3, May 2016 was 49.3. ChiISM PR link.

AAA says US Average Price/Gallon of Regular Gas for 05/31/17 at $2.372, -1.1% from 04/28/17, +2.2% from 05/31/16. AAA PR link.

***Tuesday, May 30:

Merck(PBR70) gets US FDA approval for ISENTRESS® HD (raltegravir) as a combination therapy for some types of HIV-1 infected patients. $MRK PR link.

Exelon(PBR102) to retire Three Mile Island Generating Station around 09/2019, would need state policy reforms to remain open. $EXC PR link.

Terex(PBR357) authorizes new up to $280 million share repurchase program. $TEX PR link.

JM Smucker(PBR437) to acquire the Wesson® Oil Brand from Conagra Brands(PBR166 $CAG) for $285 million cash. $SJM PR link.

Arthur J Gallagher(PBR515) acquires Houston, TX, full service insurance agency Zuber Insurance Agency, terms not disclosed. $AJG PR link.

Intuitive Surgical(PBR863) gets US FDA clearance for new da Vinci robotic-assisted surgical system. $ISRG PR link.

Marathon Petroleum(PBR23) promotes Don Templin to President, effective 07/01/17. $MPC PR link.

Office Depot(PBR182) appoints Steve Calkins as President/Business Solutions, Troy Rice President/Retail, Michael Allison EVP/Chief Admin Ofcr, Kevin Moffitt Chief Digital Officer, John Gannfors EVP/Transformation and Strategic Sourcing. $ODP PR link.

CBS(PBR210) promotes Kelly Kahl to President/CBS Entertainment, succeeds Glenn Geller who is stepping down. $CBS PR link.

Reynolds American(PBR317) announces proposed leadership team after $59.64/share, $49 billion cash/stock acquisition by British American Petroleum(BSE: BAT), close expected in 3Q17. $RAI PR link.

Anixter(PBR391) promotes Bill Galvin to President/COO, effective 07/01/17. $AXE PR link.

TDS(PBR482) Telecom unit COO Jim Butman to succeed retiring TDS Telecom unit President/CEO David Wittwer by end of 2017. $TDS PR link.

The US Dept of Commerce Preliminary US April Total Personal Income Annual Rate at $16.438 trillion, +0.4% from March, +3.6% from April 2016. USDOC PR link.

The S&P CoreLogic Case-Shiller March National Home Price Index(01/2000=100) was 186.95, February was 185.45, March 2016 176.78. C-S PR link.

The Conference Board Preliminary US May Consumer Confidence Index(1985=100) is at 117.9, April was 119.4, May 2016 92.4. TCB PR link.

***Monday, May 29:

***US Memorial Day,
Remembering those who made the ultimate sacrifice for our freedoms.
***US Stock Markets Closed.

***Friday, May 26:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 05/26/17:
DJIA ends week at 21,080.28, +1.32% from last Friday, +0.67% MTD, +2.02% QTD, +6.67% YTD, -0.17% from record 21,115.55 set 03/01/17.
NASDAQ ends week at 6,210.19, +2.08% from last Friday, +2.69% MTD, +5.05% QTD, +15.36% YTD, +0.00% from record 6,210.19 set 05/26/17.
SPX ends week at 2,415.82, +1.43% from last Friday, +1.33% MTD, +2.25% QTD, +7.91% YTD, +0.00% from record 2,415.82 set 05/26/17.

Cisco(PBR60) completes $125 million acquisition of private San Francisco, CA, artificial intelligence conversational interfaces developer MindMeld. $CSCO PR link.

PPG(PBR190) to sell its remaining fiberglass operations, all in the US, with 1,000+ employees and $350 million revenues/2016, to Nippon Electric Glass Co for $545 million. $PPG PR link.

Newell Brands(PBR434) to sell its Winter Sports businesses to Kohlberg & Co unit of KKR(PBR332 $KKR) for $240 million. Also selling its Zoot® & Squadra® apparel brands in a separate transaction. $NWL PR link.

Coach(PBR496) commences $18.50/share, $2.4 billion tender offer for all common stock of Kate Spade(PBR970 $KATE), expires 06/23/17. $COH PR link.

Synopsys(PBR879) initiates $100 million accelerated share repurchase agreement with JPMorgan Chase(PBR21 $JPM). $SNPS PR link.

The US Dept of Commerce 1Q17 GDP Annual Growth Rate 2nd Estimate is +1.2%, $19.028 trillion, +0.8% from 4Q16, +4.1% from 1Q16. USDOC PR link.

The U of Michigan Final US May Consumer Sentiment Index at 97.1, April was 97.0, May 2016 94.7. UMich PR link.

***Thursday, May 25:

Phillip Morris Intl(PBR35) Modified Risk Tobacco Product(MRTP) application for its Electronically Heated Tobacco Product (EHTP) to get scientific review by US FDA. $PM PR link.

Viacom(PBR212) and Altice USA announce multi-year partnership, includes advanced advertising/content distribution agreements. $VIA PR link.

UNUM(PBR261) authorizes up to $750 million share repurchase program, expires 11/25/18, replaces previous authorization. $UNM PR link.

Quanta Services(PBR338) authorizes $300 million share repurchase program through 06/30/20. $PWR PR link.

Cabot Corp(PBR607) to build new fumed silica plant in Carrollton, KY, next to existing Dow Corning silicone monomer plant. $CBT PR link.

Cerner(PBR628) authorizes new up to $500 million share repurchase program, no expiration date set. $CERN PR link.

Vulcan Materials(PBR685) to acquire 31 Southern aggregates facilities Aggregates USA from SPO Partners for $900 million. $VM PR link.

Ford(PBR10) announces several global leadership appointments under new CEO Jim Hackett. $F PR link.

Staples(PBR122) hires Michelle Bottomley as Chief Marketing Officer, succeeds retiring Frank Bifulco. $SPLS PR link.

Core-Mark(PBR271) hires Jordana Kammerud as SVP/Chief Human Resources Officer, succeeds Joe Wegener who retires 06/30/17. $CORE PR link.

Adtalem Education(PBR905) hires Gena Ashe as SVP/Chief Legal Officer/Corporate Secretary, effective 05/30/17. $ATGE PR link.

The US Dept of Labor says US Initial Unemployment Insurance Claims for Week of 05/20/17 were 234,000, April was 257,000, May 2016 268,000. USDOL PR link.

The US Energy Information Administration reports that on 05/19/17 US Crude Oil Stocks were at 516.3 Millions of Barrels, -2.4% from 04/21/17, +2.1% from 05/20/16. EIA PR link.

FreddieMac(PBR41) says Average 30 Year Fixed Mortgage Rate for 05/25/17 is 3.95% with 0.5 Fees/Points, 04/27/17 was 4.03%, 05/26/16 2016 3.64%. $FMCC PR link.

14 OPEC members and 10 non-OPEC countries agree to extend by 9 months oil production cuts, now to be effective through 03/18. OPEC PR link.

Stock Investing Strategies: E*Trade(PBR930) study reveals Millennials are the most active options traders. $ETFC PR link.

***Wednesday, May 24:

Coca-Cola(PBR63) nears completion of US refranchising plan with Letter of Intent for Northeast Territory, includes metro NYC, Philadelphia, most of New Jersey, part of Delaware, plus 4 production facilities. $KO PR link.

Tesoro(PBR71) to complete $37.20/share, $6.4 billion all stock acquisition of Western Refining(PBR193 $WNR) on 06/01/17. $TSO PR link.

WestRock(PBR278) to acquire 5 containerboard manufacturing facilities from US Corrugated for $192 million. $WRK PR link.

Campbell Soup(PBR326) makes $10 million strategic investment in e-commerce meal provider Chef’d. $CPB PR link.

QuintilesIMS(PBR455) increases by $1 billion share repurchase program, balance is $3.5 billion, to be $850 million after repurchases announced. $Q PR link.

Brown-Forman(PBR563) issues statement saying it is not for sale, committed to preserving itself as a thriving, family controlled, independent company. $BFA PR link.

DeVry Education(PBR905 $DV) changes name to Adtalem Global Education(NYSE: ATGE). $ATGE PR link.

Tesla(PBR651) hires Gaby Toledano as Chief People Officer, succeeds leaving Arnnon Geshuri. $TSLA PR link.

The Federal Open Market Committee releases minutes from 05/02-03/17 meeting, shows general agreement in gradual increases in federal funds interest rate in the future based on current economic conditions. FOMC PR link.

The Natl Assn of Realtors says US April Existing Home Sales Annual Rate at 5.57 million, -2.3% from March, +1.6% from April 2016, Median Price at $244,800, +3.6% from March, +6.0% from April 2016. NAR PR link.

FreddieMac(PBR41) US May Housing Outlook Report says despite weak economic growth, housing got off to a good start in 2017, partly due to lower mortgage rates. $FMCC PR link.

***Tuesday, May 23:

Amazon(PBR29) Handmade at Amazon unit introduces the Wedding Shop for thousands of handmade items from around the world. $AMZN PR link.

Microsoft(PBR31) introduces its new Surface Pro, pre-orders start at $799. $MSFT PR link.

Merck(PBR70) gets another US FDA approval for Keytruda for certain solid tumors and colorectal cancer. $MRK PR link.

NextEra Energy(PBR173)’s Florida Light & Power unit files petition to close 1,300 megawatt St Johns River Power Park by end of 2017, will save $183 million and 5.6 million tons in carbon dioxide emissions per year. $NEE PR link.

FIS(PBR394) to sell 60% of its interest in Capco Consulting for $477 million net cash, retain 40% interest. $FIS PR link.

Intuit(PBR529)’s QuickBooks Online unit passes 2.2 million paid subscribers in 3Q17. $INTU PR link.

Great Plains Energy(PBR757) $12.2 billion acquisition of Westar Energy(PBR747 $WR) is denied again by Kansas Corporation Commission, revised proposal being planned. $GXP PR link.

Kroger(PBR20) President of Jay C and Ruler division Paul Bowen to retire effective 06/21/17. $KR PR link.

JCPenney(PBR234) hires Marci Grebstein as EVP/Chief Marketing Officer, starts in 06/17. $JCP PR link.

Alexion Pharmaceutical(PBR840) hires Brian Goff as Chief Commercial Officer effective 06/01/17, announces CFO Dave Anderson resigning effective 08/31/17, EVP/Head of R&D Martin Mackay retiring at end of 2017, EVP/Chief Human Resources Officer Clare Carmichael leaving effective 06/01/17. $ALXN PR link.

The US Department of Commerce/HUD estimates US April New Family Homes Sold Annual Rate at 569,000, -11.4% from March, +0.5% from April 2016, Median Price $309,200, -3.0% from March, -3.8% from April 2016. HUD PR link.

The Federal Reserve Bank of Richmond 5th District May General Business Manufacturing Index at +1%, April was +20%, March +22%. RichmondFed PR link.

US Budget: President Trump submits his Taxpayer First proposed budget. WhiteHouse PR link.

***Monday, May 22:

ExxonMobil(PBR2) completes mechanical work on 2 new 650,000 tons/year polyethylene lines at plastics plant in Mont Belvieu, TX, to begin production in 3Q17. $XOM PR link.

Loews Corp(PBR200) completes $1.2 billion acquisition of Atlanta, GA, based rigid plastic packaging manufacturer Consolidated Container Co from Bain Capital. $L PR link.

Arconic(PBR215) resolves pending proxy contest with largest shareholder(13.2%) Elliott Management which will nominate 3 new board members at 05/25/17 annual shareholders meeting. $ARNC PR link.

Huntsman Corp(PBR244) and Swiss based global specialty chemical company Clariant(SIX: CLN) to combine in merger of equals in all stock deal and enterprise value of around $20 billion, new company to be called HuntsmanClariant. $HUN PR link.

Core-Mark(PBR271) to acquire Carroll, IA, based 1,000 employee $1.4+ billion/yr 42,000 US/Canada customer locations fresh/broad-line supply solutions to the convenience store industry provider Farner-Bocken for $190 million. $CORE PR link.

Amkor Technology(PBR659) completes acquisition of Portugal based 550 employees $40 million/2016 wafer-level fan-out (WLFO) semiconductor packaging manufacturer NANIUM. $AMKR PR link.

TreeHouse Foods(PBR690) completes sale of $210 million/yr Soup and Infant Feeding business to affiliate of Insight Equity, terms not disclosed. $THS PR link.

Regeneron(PBR708) and Sanofi get FDA approval of Kevzara® (sarilumab) for the treatment of adult patients with moderately to severely active rheumatoid arthritis. $REGN PR link.

G-III(PBR766) enters multi-year license agreement for PVH(PBR328) to design and distribute DKNY menswear brand in the US and Canada, to launch in Spring 2018, is fourth partnership agreement. $GIII PR link.

Verisk Analytics(PBR943) acquires Denmark based wind and solar power market intelligence provider MAKE, terms not disclosed. $VRSK PR link.

Ford(PBR10) promotes Jim Hackett to CEO, succeeds Mark Fields. Jim Farley appointed EVP & President/Global Markets, Joe Hinrichs to EVP & President/Global Operations, Marcy Klevorn to EVP & President/Mobility, effective 06/01/17. Mark Truby appointed VP/Communications, succeeds retiring Ray Day. $F PR link.

CBS(PBR210) employment agreement with Chairman/President/CEO Leslie Moonves extended by 2 years, now through 06/30/21. $CBS PR link.

The Federal Reserve Bank of Chicago US May National Activity Index is +0.49, April was +0.07, February +0.15, May 2016 -0.09. ChiFed PR link.

International Trade: On 05/21/17 US President Donald Trump and Saudi Arabia’s King Salman sign $110 billion arms deal. WhiteHouse PR link
The following represents some of the agreements with US businesses:
Boeing(PBR27) gets several agreements from Saudi Arabia for military and commercial aircraft, guided missile systems, associated services. $BA PR link
Dow Chemical(PBR48) signs agreements for coatings & silicones investments in Saudi Arabia, to add 450 jobs in 2 facilities, add to 4,000 employees in 26 facilities already. $DOW PR link
Lockheed(PBR64) gets Saudi Arabia expressed intent to procure more than $28 billion worth of integrated air and missile defense, combat ship, tactical aircraft and rotary wing technologies and programs. $LMT PR link
Raytheon(PBR118) sign Memorandum of Understanding with Saudi Arabia Military Industries Company to implement indigineous defense, aerospace & cybersecurity capabilities. $RTN PR link
Natl Oilwell Varco(PBR127) to form joint venture with Saudi Aramco to manufacture high-specification drilling rigs & advanced drilling equipment. $NOV PR link
Blackstone(PBR352) to launch $40 billion infrastructure investment vehicle for mostly US projects, $20 billion from Public Investment Fund of Saudi Arabia. $BX PR link
McDermott Intl(PBR825) signs Memorandum of Understanding with Saudi Aramco, to expand local supply chain, develop full-scale fabrication & marine facilities, potential value of $2.8 billion and 2,000 jobs. $MDR PR link

***Friday, May 19:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 05/19/17:
DJIA ends week at 20,804.84, -0.44% from last Friday, -0.65% MTD, +0.69% QTD, +5.27% YTD, -1.47% from record 21,115.55 set 03/01/17.
NASDAQ ends week at 6,083.70, -0.61% from last Friday, +0.60% MTD, +2.91% QTD, +13.01% YTD, -1.40% from record 6,169.87 set 05/16/17.
SPX ends week at 2,381.73, -0.38% from last Friday, -0.10% MTD, +0.80% QTD, +6.38% YTD, -0.86% from record 2,402.32 set 05/15/17.

Ford(PBR10) to invest $350 million in Livonia, MI, new fuel efficient transmission manufacturing plant, adds/retains 800 jobs, makes $2.25+ billion in announced investments in Michigan in 2017. $F PR link.

AT&T(PBR12 $T) Communications Workers of America union members go on 3 day weekend strike. CWA PR link.

SuperValu(PBR164) $375 million acquisition of $3.8 billion/yr Unified Grocers expected to close soon after UG stockholders meeting scheduled for 06/22/17. $SVU PR link.

Titan Intl(PBR910) 3 US tire facilities ratify 5 year contract with United Steelworkers. $TWI PR link.

Avon(PBR303) hires James Thompson as SVP/General Counsel & Chief Ethics/Compliance Officer, effective 08/01/17. $AVP PR link.

Williams Cos(PBR348) elects Stephen Bergstrom as Chairman, succeeds Dr. Kathleen Cooper who will become Chair of the Nominating and Governance Committee. $WMB PR link.

Cree(PBR964) Chairman/President/CEO Chuck Swoboda to step down upon appointment of successor. $CREE PR link.

***Thursday, May 18:

General Motors(PBR8) restructures international markets, GM India to focus on export manufacturing, Isuzu Motors to purchase GM S Africa light commercial vehicle manufacturing operations, Chevrolet to be phased out of India and S Africa markets. $GM PR link.

Amazon(PBR29) introduces Amazon Charts, a weekly Top 20 Most Read from sales across its business units. $AMZN PR link.

Microsoft(PBR31) to offer cloud services in Africa from two data centers in Johannesburg and Cape Town, initial availability in 2018. $MSFT PR link.

Lowe’s(PBR50) to acquire Houston, TX, based 13 distribution centers maintenance, repair and operations (MRO) products to the multifamily housing industry distributor Maintenance Supply Headquarters for $512 million. $LOW PR link.

Merck(PBR70) gets two US FDA approvals for Keytruda for certain patients with locally advanced or metatastic types of bladder cancer. $MRK PR link.

AutoNation(PBR148) first auto retailer to sell 11 million vehicles, holding appreciation events nationwide. $AN PR link.

Facebook(PBR228 $FB), MLB strike deal to stream 20 Friday-night baseball games. MarketWatch PR link.

Facebook(PBR228 $FB) gets fined $123 million by the European Commission for providing misleading information about its 2014 WhatsApp takeover. EC PR link.

JCPenney(PBR234) to expand home refresh initiative to include supplying linens, towels, mattresses, window treatments and major appliances to hotels, vacation rentals and multi-unit properties. $JCP PR link.

Dana(PBR382) to open 15th factory in China in Chongquin, to employ 130, manufacture drive units with integrated Spicer® SmartConnect™ disconnecting all-wheel-drive (AWD) technology for a global automaker. $DAN PR link.

Noble Energy(PBR471) to sell Marcellus Midstream interest to Quantum Energy Partners for $765 million. $NBL PR link.

Concho Resources(PBR734) announces several key executive promotions and changes. $CXO PR link.

A.O. Smith(PBR815) promotes Kevin Wheeler to President/COO. $AOS PR link.

RH(PBR915) hires Prakash Muppirala as Chief Technology Officer and President of RH Digital Innovations. $RH PR link.

La-Z-Boy(PBR918) makes organizational changes. J Douglas Collier appointed to newly created role of Chief Commercial Officer & President/International; SVP/Chief Supply Chain Officer Darrell Edwards gets increased responsibility for manufacturing, regional distribution, and R&D, will now report to CEO; President/La-Z-Boy Retail Daniel King to now report to CEO. $LZB PR link.

The Children’s Place(PBR939) hires Pamela Wallack to newly created position of President-Global Product. $PLCE PR link.

The Federal Reserve Bank of Philadelphia May Manufacturing General Business Outlook Index is at 38.8, April was 22.0, March 32.8, May 2016 -1.5. PhillyFed PR link.

The Conference Board Preliminary US April Leading Economic Index(2010=100) at 126.9, March was 126.5, February 126.1, April 2016 123.9. TCB PR link.

***Wednesday, May 17:

Ford(PBR10) confirms plan to cut 1,400 jobs, through early retirement and ‘special’ separation packages in N America/Asia Pacific by end of 09/17. MarketWatch PR link.

Kroger(PBR20) family of stores hosting nationwide hiring event 05/20/17, reiterates plans to add 10,000 permanent positions in supermarket divisions in 2017. $KR PR link.

Amazon(PBR29) taking pre-orders for new Fire 7 tablet for $49.99 and Fire HD 8 for $79.99, both include Alexa. $AMZN PR link.

Johnson & Johnson(PBR37) expects more than 10 new blockbuster products to launch or file for regulatory approval by 2021, as well as 50-plus line extensions of existing and new medicines. $JNJ PR link.

Qualcomm(PBR106) files Breach of Contract Complaint against Apple(PBR5)’s manufacturers for non-payment of royalties. $QCOM PR link.

Southwest Airlines(PBR153) authorizes new $2 billion shares repurchase program. $LUV PR link.

Principal Financial(PBR265) authorizes new up to $250 million share repurchase program. $PFG PR link.

Ashland(PBR407) completes $660 million cash acquisition of private New Jersey based $300 million/year custom/branded nutritional & fragrance products manufacturer Pharmachem Laboratories. $ASH PR link.

American Airlines(PBR69) EVP/Chief Integration Officer Bev Goulet retiring after 24 years with company. $AAL PR link.

Halliburton(PBR90) promotes president Jeff Miller to President/CEO, effective 06/01/17, Chairman/CEO Dave Lesar to remain chairman. $HAL PR link.

Ralph Lauren(PBR349) hires Patrice Louvet as President/CEO, effective 07/17/17. $RL PR link.

YRC Worldwide(PBR472) promotes Stephanie Fisher to CFO. $YRCW PR link.

ON Semiconductor(PBR656) board elects Alan Campbell to succeed J. Daniel McCranie as chairman. $ON PR link.

FannieMae(PBR17) May 2017 Economic and Housing Outlook still anticipates growth at +2.0% in 2017, expects 2Q17 rebound to follow 1Q17 slowdown. $FNMA PR link.

***Tuesday, May 16:

Symantec(PBR385) blocks 22 million attempted WannaCry ransomware attacks across 300,000 endpoints globally. $SYMC PR link.

Kroger(PBR20) SVP/Retail Divisions Sukanya Madlinger to retire on 06/19/17, Louisville division president Calvin Kaufman named successor, VP Ann Reed named his successor. $KR PR link.

Principal Financial(PBR265) promotes Amy Friedrich to president, US Insurance Solutions, succeeds now CFO Deanna Strable-Soethout; Gary P. Scholten named Chief Digital Officer. $PFG PR link.

CNO Financial(PBR559) CEO Ed Bonach to retire 12/31/17, President Gary Bhojwani to be CEO 01/01/18. $CNO PR link.

H&R Block(PBR669) President/CEO Bill Cobb to retire 07/31/17, General Counsel Tom Gerke to be interim President/CEO 08/01/17. $HRB PR link.

Twitter(PBR735) co-founder Biz Stone to rejoin full-time to guide the company culture. $TWTR PR link.

Columbia Sportswear(PBR768) President/COO Bryan Timm leaving, other senior executives to assume responsibilities while assessing 1Q17 operating model adopted. $COLM PR link.

The US Dept of Commerce/HUD estimates US April Total Housing Permits Issued Annual Rate at 1.229,000, -2.5% from March, +5.7% from April 2016. HUD PR link.

The US Federal Reserve Board estimates US April Manufacturing Production Capacity at 76.7%, March was 76.1%, April 2016 75.2%. FRB PR link.

Economics Research: 800,000 factory jobs were lost to Chinese imports, but the U.S. is better off, researchers say. MarketWatch PR link.

***Monday, May 15:

AIG(PBR46), Hamilton Insurance Group and Two Sigma Insurance Quantified to expand partnership to accelerate the use of data science and technology for AIG’s global book of commercial insurance business. $AIG PR link.

Thermo Fisher Scientific(PBR175) to acquire 9,000 employee $1.9 billion revenues/2016 global drug developer/delivery solutions provider Patheon NV(NYSE: PTHN) for $35.00/share, $7.2 billion, includes $2 billion debt. $TMO PR link.

Western Digital(PBR194)’s SanDisk subsidiaries file Request for Arbitration to stop sale to 3rd parties of some intellectual property developed in joint ventures operated with Toshiba. $WDC PR link.

Biogen(PBR282) acquires Remedy Pharmaceuticals’ CIRARA™ for large hemispheric stroke situations for $120 million plus potential milestone/royalty payments. $BIIB PR link.

Owens Corning(PBR465) to acquire global 1,100 employee $240+ million revenues/2016 cellular glass insulation systems producerPittsburgh Corning for $560 million cash. $OC PR link.

Moody’s(PBR636) to acquire Amsterdam, NL, based global business intelligence/company info provider Bureau van Dijk for $3.27 billion. $MCO PR link.

AIG(PBR46) hires Brian Duperreault as President/CEO, succeeds Peter Hancock who has resigned. $AIG PR link.

AutoNation(PBR148) President/COO Bill Berman resigns, search starts; promotes SVP Scott Arnold to EVP/Customer Care & Brand Extensions. $AN PR link.

Applied Industrial Technologies(PBR787) VP/CFO Mark Eisele to retire by 08/31/17, to be succeeded by David Wells. $AIT PR link.

HCP(PBR834) hires Scott Brinker as EVP/Chief Investment Officer, effective 01/04/18. $HCP PR link.

RH(PBR915) hires Sandra Stangl as President/New Business Development. $RH PR link.

The Federal Reserve Bank of New York May Empire State General Business Conditions Index at -1.0, April was 5.2, May 2016 -9.0. NYFed PR link.

The Natl Assn of Homebuilders US May Housing Market Index at 70, April was 68, May 2016 58. NAHB PR link.

***Friday, May 12:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 05/12/17:
DJIA ends week at 20,896.61, -0.53% from last Friday, -0.21% MTD, +1.13% QTD, +5.74% YTD, -1.04% from record 21,115.55 set 03/01/17.
NASDAQ ends week at 6,121.23, +0.34% from last Friday, +1.22% MTD, +3.54% QTD, +13.71% YTD, -0.13% from record 6,129.14 set 05/10/17.
SPX ends week at 2,390.90, -0.35% from last Friday, +0.28% MTD, +1.19% QTD, +6.79% YTD, -0.36% from record 2.399.63 set 05/10/17.

Apple(PBR5) awards Corning(PBR281 $GLW) $200 million, its first Advanced Manufacturing Fund investment. $AAPL PR link.

Anthem(PBR38) terminates $48 billion merger agreement with Cigna(PBR85 $CI) because of court decisions, claims Cigna violated agreement & not eligible for reverse termination fee, plans to seek significant damages award. $ANTM PR link.

Cigna(PBR85) merger agreement with Anthem(PBR38) terminated, Cigna seeks $1.85 billion reverse termination fee, $13+ billion for additional damages. $CI PR link.

Progressive(PBR145) authorizes new 25 million shares repurchase program with no expiration date. $PGR PR link.

Group 1 Automotive(PBR276) increases share repurchase program to $75 million. $GPI PR link.

Ashland(PBR407) completes public spinoff of Valvoline(NYSE: VVV). $ASH PR link.

Frontier Communications(PBR501) to do 1:15 reverse stock split on 07/10/17, to reduce authorized shares to issue by 90% to 175 million. $FTR PR link.

Portland General Electric(PBR909) suspends permitting process for 2 new Oregon power plant sites while negotiating other power agreements. $POR PR link.

Group 1 Automotive(PBR276) board elects Stephen D. Quinn as Chairman, succeeds John Adams who remains on board. $GPI PR link.

Avis Budget(PBR316) President/CFO David Wyshner leaving in 06/17, to appoint Martyn Smith as interim CFO. $CAR PR link.

Allscripts(PBR944) SVP/Strategic Initiatives Dennis Olis named interim CFO, replaces leaving Melinda Whittington. MDRX PR link.

The US Dept of Labor says US April Consumer Price Index is +0.2%, Last 12 Months +2.2%, March +2.4%, February +2.7%.USDOL PR link.

The US Dept of Labor estimates US April Current Average Earnings/Hour at $26.19, $900.94/week, +0.6% from March, +2.5% from April 2016. USDOL PR link.

The US Dept of Commerce estimates US March Manufacturer/Retail/Wholesale Sales at $1.361 trillion, +0.0% from February, +6.5% from March 2016.
USDOC PR link.

The US Dept of Commerce Advance Report on US April Retail Sales are $474.9 billion, +0.4% from March, +4.4% from April 2016. USDOC PR link.

The U of Michigan Preliminary US May Consumer Sentiment Index at 97.7, April was 97.0, May 2016 94.7. UMich PR link.

***Thursday, May 11:

Apple(PBR5) issues $7 billion in corporate bonds. $AAPL PR link.

Verizon(PBR15) outbids AT&T(PBR12 $T), to acquire Straight Path Communications(NYSE MKT: STRP), a holder of millimeter wave spectrum configured for 5G wireless services, in $184.00/share, $3.1 billion all stock deal. $VZ PR link.

Cisco(PBR60) to acquire private San Francisco, CA, artifical intelligence conversational interfaces developer MindMeld for $125 million cash in 4Q17. $CSCO PR link.

Live Nation(PBR366) signs Shawn “JAY Z” Carter to a 10-year touring contract. $LYV PR link.

Expedia(PBR433) to acquire majority of London based global rail full service 25+ million bookings/year retailing/distribution platform developer SilverRail, terms not disclosed. $EXPE PR link.

Arthur J Gallagher(PBR515) acquires Aurora, NE, based individual and group financial products agency Strong Financial Resources, terms not disclosed. $AJG PR link.

Scientific Games(PBR937) launches multi-state linked instant lottery game Willy Wonka Golden Ticket, up to $1 billion prize winner. $SGMS PR link.

DuPont(PBR82) and Dow Chemical(PBR48 $DOW) announce board of directors for DowDupont merger, on track to close by 09/30/17. $DD PR link.

Dick’s Sporting Goods(PBR367) EVP/COO André Hawaux retiring at end of 2Q17, promotes Lauren Hobart to president, hires Keri Jones as EVP/Chief Merchant, effective 05/22/17. $DKS PR link.

Western Union(PBR441) elects Jeffrey A. Joerres as Non-Executive Chairman of the Board, succeeds retiring Jack Greenberg. $WU PR link.

Frontier Communications(PBR501) hires Chris Levendos as EVP/Field Operations, succeeds retiring John Lass. $FTR PR link.

Chipotle(PBR561) hires Scott Boatwright to new position of Chief Restaurant Officer effective 05/30/17. $CMG PR link.

The Cheesecake Factory(PBR893) CFO W. Douglas Benn to retire 07/07/17, to be succeeded by SVP/Finance & Strategy Matthew Clark. $CAKE PR link.

The US Dept of Labor says US April Producer Price Index was +0.5%, March was -0.1%, April 2016 +0.3%, Last 12 Months is +2.5%. USDOL PR link.

The PBR1000 Top 5 April Gainers Since 2015(Co, Rank by Revs, Stock Symbol, Stock Price 04/28/17, % Change from 12/31/15):

1. AMD, 524, AMD, $13.30, +363%
2. Cliffs Natural Resources, 821, CLF, $6.72, +325%
3. Tronox, 824, TROX, $16.51, +322%
4. NVIDIA, 365, NVDA, $104.30, +216%
5. Navistar Intl, 319, NAV, $26.91, +204%

Range: +363% to -83%,
Nbr Cos >0.0%: 768/1,005,
Average: +19.8%, Median: +18.4%

***Wednesday, May 10:

ExxonMobil(PBR2) to acquire Jurong Aromatics Corporation plant in Singapore, one of the largest in the world with 1.4 million tons annual production capacity. $XOM PR link.

Merck(PBR70) gets US FDA approval for Keytruda as a first line combination non-small lung cancer therapy. $MRK PR link.

Medtronic(PBR133) first to get FDA okay for MR-Conditional Quadripolar Cardiac Resynchronization Therapy-Pacemakers, also allows for MRI scans. $MDT PR link.

Whole Foods(PBR203) appoints 5 new directors to the board, names Gabrielle Sulzberger as board chairman, authorizes new $1.25 billion share repurchase program, appoints Keith Manbeck as EVP/CFO, effective 05/17/17, succeeds retiring Glenda Flanagan. $WFM PR link.

Western Union(PBR441) full digital access for cross-border person-to-person (P2P) money transfer services now in 40 countries, expansion to Asia Pacific, Latin America next. $WU PR link.

Abercrombie & Fitch(PBR595) confirms it is in preliminary discussions with several parties regarding a potential transaction. $ANF PR link.

Tesla(PBR651) starts accepting orders for its solar roof services, says cost is less than a typical residential roof. $TSLA PR link.

WGL Holdings(PBR717) stockholders approve $88.25/share, $6.4 billion acquisition by Canadian based energy infrastructure provider AltaGas(TSX: ALA), expects to close in 2Q18. $WGL PR link.

Crocs(PBR1008) closes net 16 stores in 1Q17, to transfer 24 stores to distributors 2Q17. $CROX PR link.

Eli Lilly(PBR142) hires Leigh Ann Pusey as SVP/Corporate Affairs & Communications, effective 06/12/17. $LLY PR link.

US Steel(PBR167) CEO Mario Longhi stepped down on 05/08/17, remains on board, President/COO David Burritt elected President/CEO. $X PR link.

TimeInc(PBR631) Chairman Joseph Ripp is retiring, Lead Independent Director John Fahey elected Non-Executive Chairman, to be effective at annual stockholders meeting on 06/29/17. $TIME PR link.

Rent A Center(PBR657) former EVP Joel M. Mussat rejoins as EVP/COO. $RCII PR link.

The US Dept of Treasury says US April Federal Government Receipts were $455.6 billion, Outlays $273.2 billion, Surplus $182.4 billion, YTD Deficit is $344.4 billion. Treasury PR link.

The US Dept of Labor estimates US April Imports Price Index was +0.5%, Exports +0.2%, Y-Y Imports +4.1%, Y-Y Exports +3.0%. USDOL PR link.

The PBR1000 Top 5 April YTD Gainers(Co, Rank by Revs, Stock Symbol, Stock Price 04/28/17, % Change from 12/30/16):

1. iHeartMedia, 400, IHRT, $2.15, +94%
2. Weight Watchers, 993, WTW, $20.88, +82%
3. Scientific Games, 689, SGMS, $23.75, +70%
4. Tronox, 824, TROX, $16.51, +60%
5. Restoration Hardware, 814, RH, $47.97, +56%

Range: +94% to -61%,
Nbr Cos >0.0%: 623/1,007,
Average: +7.0%, Median: +3.9%

***Tuesday, May 9:

Pentair(PBR363) to spin-off Electrical business as a separate public company, remain a public Water company, planned for 2Q18. $PNR PR link.

NVIDIA(PBR510) to train 100,000 developers in artificial intelligence systems in 2017, ten times more than in 2016, through its NVIDIA Deep Learning Institute. $NVDA PR link.

Electronic Arts(PBR527) authorizes up to $1.2 billion share buyback program through 05/31/19. $EA PR link.

West Corp(PBR842), a global provider of communication and network infrastructure services, to be acquired by Apollo Global Mgmt(PBR906) for $23.50/share, $5.1 billion cash, expects to close 2H17. $WSTC PR link.

Meredith Corp(PBR994) to distribute 1,000,000 copies of its 3rd quarterly lifestyle The Magnolia Journal, has 700,000 subscribers at $20/year. $MDP PR link.

The US Dept of Labor estimates US March Total Job Openings at 5,744,000, +1.1% from February, -1.9% from March 2016. USDOL PR link.

The US Dept of Commerce estimates US March Wholesales Sales at $465.5 billion, +0.0% from February, +9.1% from March 2016. USDOC PR link.

The PBR1000 Top 5 April Month Gainers(Co, Rank by Revs, Stock Symbol, Stock Price 04/28/17, % Change from 03/31/17):

1. Conn’s, 918, CONN, $17.60, +101%
2. Weight Watchers, 993, WTW, $20.88, +34%
3. Alere, 749, ALR, $49.17, +24%
4. CR Bard, 575, BCR, $307.48, +24%
5. Invacare, 1005, IVC, $14.70, +24%

Range: +101% to -85%,
Nbr Cos >0.0%: 583/1010,
Average: +1.4%, Median: +0.7%

***Monday, May 8:

Straight Path(NYSE MKT: STRP) gets a 3rd revised offer from a multi-national telecommunications company for $184.00/share, $2.3 billion, says constitutes a “superior proposal” to AT&T(PBR12 $T)‘s $95.63/share, $1.6 billion offer. $STRP PR link.

Lear Corp(PBR165) hosts groundbreaking ceremony for Its new Asia headquarters and technical center in Shanghai, will support 39,000 employees in 11 Asia countries. $LEA PR link.

PPG(PBR190) 3rd offer of $105.50/share $28.8 billion cash/stock for European based specialty paints, coatings and chemicals provider AkzoNobel gets rejected, issues a statement about their meeting. $PPG PR link.

Fidelity Natl Financial(PBR331)’s FNFV Group(NYSE: FNFV) business to sell its One Digital Health and Benefits unit for $560 million cash. $FNF PR link.

Coach(PBR496) to acquire millienials focused fashion retailer Kate Spade(PBR970 $KATE) for $18.50/share, $2.4 billion. $COH PR link.

Brink’s(PBR613) Increases dividend by 50%, approves up to $200 million share repurchase program through 12/31/19. $BCO PR link.

Pinnacle Foods(PBR751) to exit certain low-margin/non-strategic Aunt Jemima® frozen breakfast products following voluntary recall last week. $PF PR link.

Sinclair Broadcast Grp(PBR894) to acquire Tribune Media(NYSE: TRCO) for $43.50/share, $3.9 billion cash/stock, plus assumption of $2.7 billion of debt. $SBGI PR link.

TripAdvisor(PBR936) and GrubHub(NYSE: GRUB) to bring restaurant delivery service to TripAdvisor US consumers. $TRIP PR link.

Bon-Ton Stores(PBR707) President/CEO Kathryn Buffano to resign upon expiration of her contract on 08/25/17, COO William Tracy to be successor. Chad Stauffer promoted to EVP/Chief Merchandising Officer. $BONT PR link.

Regis Corp(PBR912) promotes Rachel Endrizzi to Chief Marketing Officer. $RGS PR link.

FannieMae(PBR17) says US April Home Purchase Sentiment Index at 86.7, March was 84.5, April 2016 83.7. $FNMA PR link.

Verisk Analytics(PBR943) says US property/casualty insurers report $4.7 billion net underwriting loss in 2016, had an $8.9 billion net underwriting gain in 2015. $VRSK PR link.

***Friday, May 5:

The PBRMarketTools US Stock Exchanges Recap for the Week Ending 05/05/17:
DJIA ends week at 21,006.94, +0.32% from last Friday/MTD, +1.66% QTD, +6.30% YTD, -0.51% from record 21,115.55 set 03/01/17.
NASDAQ ends week at 6,100.76, +0.88% from last Friday/MTD, +3.20% QTD, +13.33% YTD, +0.00% from record 6,100.76 set 05/05/17.
SPX ends week at 2,399.29, +0.63% from last Friday/MTD, +1.55% QTD, +7.17% YTD, +0.00% from record 2.399.29 set 05/05/17.

Anthem(PBR38) files paperwork to take its $48 million acquisition of Cigna(PBR85) to the US Supreme Court after US Court of Appeals rejects the merger. $ANTM PR link.

Dow Chemical(PBR48) US Apprenticeship Program gets US Dept of Labor registration, program offers pathway to manufacturing careers. $DOW PR link.

JCPenney(PBR234) agrees to settle in principle a securities class action lawsuit for $97.5 million to be paid by insurance, denies the allegations based on former CEO & CFO statements in 08/13 & 09/13 on liquity prior to a public offering. $JCP PR link.

Parker Hannifin(PBR218) VP Global Supply Chain & Procurement John Dedinsky to retire, Tom Gentile promoted to position, effective 07/01/17. $PH PR link.

Huntsman Corp(PBR244) files SEC Registration Statement for proposed IPO of spin-off Pigments & Additives business Venator Materials. $HUN PR link.

Asbury Automotive(PBR424) hires Sean D. Goodman as SVP/CFO, effective 07/05/17. $ABG PR link.

Bon-Ton Stores(PBR707) chairman Tim Grumbacher retiring from the board effective 05/13/17, has been a board member since 1967. Board member, his wife, and CPA Debra Simon elected as successor. $BONT PR link.

The US Dept of Labor says US April Employment at 153,156,000, +0.1% from March, +1.4% from April 2016, Unemployment Rate at 4.4%. USDOL PR link.

The US Federal Reserve estimates US March Total Consumer Credit Outstanding at $3.806 trillion, +0.4% from February, +6.0% from March 2016. FRB PR link.

***Thursday, May 4:

Starbucks(PBR178) grants exclusive rights to Caribbean Coffee Traders to own and operate Starbucks locations in Jamaica. $SBUX PR link.

Starbucks(PBR178) triples number of products eligible for Stars through the Starbucks Rewards™ loyalty program by adding grocery aisle store items. $SBUX PR link.

LabCorp(PBR413) completes acquisition of Spokane, WA, based 8 states lab services provider Pathology Associates Medical Laboratory from Providence Health & Catholic Health Initiatives, terms not disclosed. $LH PR link.

Snap-On(PBR641) acquires UK based $41 million/yr torque products manufacturer Norbar Torque Tools for $72 million. $SNA PR link.

NuStar(PBR673) completes $1.475 billion acquisition of crude oil transportation, pipeline gathering and storage assets in the Midland Basin of W Texas holder Navigator Energy Services. $NS PR link.

Express(PBR860) to close its 17 Canada stores, continue to operate 635 US stores. $EXPR PR link.

Restorations Hardware(PBR915) authorizes up to $700 million share repurchase program, just finished a $300 million program. $RH PR link.

Nordstrom(PBR214) hires Anne Bramman as CFO, effective 06/02/17, succeeds retired Mike Koppel. $JWN PR link.

The US Dept of Labor estimates US 1Q17 Labor Productivity Output/Hr-All Persons was -1.5%, 4Q16 was +2.4%, 1Q16 was -0.7%. USDOL PR link.

The US Dept of Commerce estimates US March Exports were $191.0 billion, Imports $234.7 billion, Deficit $43.7 billion, YTD(3 months) Deficit $135.7 billion. USDOC PR link.

The US Dept of Commerce estimates US March Manufacturers New Orders were $478.1 billion, +0.2% from February, +5.8% from March 2016. USDOC PR link.

PNC Financial(PBR189) Small Business Outlook Survey says 88% of small-medium sized business owners are optimistic about near term national economy, was 71% in the fall, 56% last spring. $PNC PR link.

***Wednesday, May 3:

AIG(PBR46) authorizes an additional up to $2.5 billion share repurchase program, balance available is now $3.8 billion. $AIG PR link.

Sprint(PBR86) ends FY with 59,507,000 connections, gained 187,000 in last quarter. $S PR link.

Sprint(PBR86) announces Sprint Magic Box, world’s first all-wireless small cell to densify its LTE Plus network. $S PR link.

Macy’s(PBR97) and Tailored Brands(PBR643 $TLRD) to wind down operations under the tuxedo rental license agreement Macy’s, Inc. had established with Men’s Wearhouse on 06/09/15. $M PR link.

Facebook(PBR228 $FB) to hire 3,000 people to remove violent posts. MarketWatch PR link.

Avis Budget(PBR316) enters new cooperation agreement with largest stockholder SRS Investment Management, terminates stockholder rights plan. $CAR PR link.

Arthur J Gallagher(PBR515) acquires S Texas commercial/personal insurance products Harlingen, TX, agency Texas Insurance Managers, terms not disclosed. $AJG PR link.

Flowers Foods(PBR591) reorganizing into two business units, Fresh Bakery and Specialty/Snacking, realigns key leadership roles. $FLO PR link.

Tesla(PBR651) provides 1Q17 update, gives progress report on Model 3, production to start in 07/17. $TSLA PR link.

Scripps Networks(PBR732) to acquire 4 million consumers millennial-focused food media company Spoon University. $SNI PR link.

New York Times(PBR971) paid digital subscriptions get traction, now has 2.2 million digital subscribers at 1Q17 end, up 348,000 from 4Q16. $NYT PR link.

Altria(PBR110) General Counsel Denise Keane to retire on 07/01/17, Deputy General Counsel Murray Garnick to be successor. $MO PR link.

General Mills(PBR162) president/COO Jeffrey Harmening to be CEO, effective 06/01/17, succeeds Ken Powell who will remain chairman until his retirement within the next year. $GIS PR link.

Federal Open Market Committee meeting ends, votes 9-0 to keep federal funds short term interest rate at 0.75-1.00%. FOMC PR link.

ADP(PBR235) says US April Change In Non-Farm Private Employment was +177,000, March was +263,000, April 2016 +156,000. $ADP PR link.

The Markit US April Composite PMI Output Index is at 53.2, March was 53.0, April 2016 52.4. Markit PR link.

The ISM US April Non-Manufacturing Index is at 57.5%, March was 55.2%, April 2016 55.7%. ISM PR link.

Trulia research shows only 34.2% of homes nationally have seen their value surpass their pre-recession peak. Trulia PR link.

Puerto Rico files for bankruptcy, crushed by $74 billion in debts and $49 billion in pension liabilities. USAToday PR link.

***Tuesday, May 2:

Apple(PBR5) sells 50.8 million iPhones in 2Q17, increases share repurchase program from $175 billion to $210 billion. $AAPL PR link.

Microsoft(PBR31) offering teachers and students Windows 10 education PCs starting at $189, introduces Surface Laptop, starts at $999, available 06/15/17. $MSFT PR link.

DuPont(PBR82) and Dow Chemical(PBR48 $DOW) get China’s Ministry of Commerce conditional regulatory approval of their proposed merger of equals, on track to close by 08/31/17. $DD PR link.

Whirlpool(PBR138) to acquire 20+ million user digital platform for personalized recipes and cooking resources provider Yummly, terms not disclosed. $WHR PR link.

Devon Energy(PBR143) to divest approximately $1 billion of upstream assets across its portfolio over next 12-18 months. $DVN PR link.

CenturyLink(PBR160) completes $2.15 billion plus $150 million equity stake in new company sale of data centers and co-location business to consortium led by BC Partners and Medina Capital. $CTL PR link.

Owens & Minor(PBR292) to acquire $450 million/year direct-to-patient medical supplies distributor Byram Healthcare for $380 million cash. $OMI PR link.

DaVita Healthcare(PBR302) HealthCare Partners Nevada unit completes acquisition of 3,000 providers network WellHealth Quality Care, terms not disclosed. $DVA PR link.

DaVita Healthcare(PBR302) completes $415 million acquisition of Renal Ventures & its 36 dialysis centers in 6 states. $DVA PR link.

Dick’s Sporting Goods(PBR367) Golf Galaxy unit opens 36 new stores, formerly Golfsmith locations, now has 98 stores in 33 states. $DKS PR link.

Ryder(PBR378) to be exclusive maintenance provider and primary N America distributor for electric vehicle and drone package delivery manufacturer Workhorse Group(NASDAQ: $WKHS). $R PR link.

Noble Energy(PBR471) to sell all its upstream Appalachia natural gas assets to an undisclosed buyer for $1.225 billion. $NBL PR link.

Chipotle(PBR561) launches accelerated business degree customized for Its employees. $CMG PR link.

Perrigo(PBR565) cooperating with authorities per search warrants executed by US Dept of Justice related to ongoing investigation of drug pricing in the pharmaceutical industry. $PRGO PR link.

Buffalo Wild Wings(PBR981) newest 3 independent directors send letter to shareholders recommending they vote for their slate of directors, not Marcato Capital‘s nominees, at 06/02/17 annual meeting. $BWLD PR link.

Weight Watchers(PBR988) end of 1Q17 subscriber base grows by 16% year-over-year to 3.6 million subscribers. $WTW PR link.

Ruby Tuesday(PBR990) signs development agreement with Qatar based Al Bairaq Trading Import & Export Co to open 5 Ruby Tuesdays over next 5 years in Qatar. $RT PR link.

Molina Healthcare(PBR284) Chief Accounting Officer Joseph White appointed CFO and interim CEO, succeeds John Molina and Dr. J Mario Molina, who remain on the board. $MOH PR link.

Automotive News says US April New Auto Sales at 1,426,883 vehicles, -4.7% from April 2016, YTD Sales -2.4% from 2016. AutoNews PR link.

The PurdueU/CME US April Ag Barometer Composite Index at 130, March was 124, April 2016 106. PurdueU/CME PR link.

***Monday, May 1:

AmerisourceBergen(PBR16) gets new 5 year pharmaceutical supply agreement with Express Scripts(PBR22 $ESRX), generated $23 billion in FY2016. $ABC PR link.

Amazon(PBR29) gives Prime to every household in Manchester-by-the-Sea, MA, as Academy Award winning film comes to Prime Video. $AMZN PR link.

AIG(PBR46) completes sale of Japan life insurance business to FWD Group, terms not disclosed. $AIG PR link.

Cisco(PBR60) to acquire private SD-WAN solutions provider Viptela for $610 million. $CSCO PR link.

3M(PBR92) completes $850 million sale of its 450 employees $215 million/yr identity management business to global digital security company Gemalto. $MMM PR link.

McDonald’s(PBR101) Invents an Unnecessarily Superfluous Utensil(the Frork) for New Signature Crafted(TM) Recipes. $MCD PR link.

Community Health Systems(PBR125) announces 4 divestiture transactions, includes 13 hospitals. $CYH PR link.

Tenet Healthcare(PBR161) to net $725 million in sale of 4 Houston acute care hospitals to HCA(PBR75 $HCA). $THC PR link.

Monsanto(PBR187) terminates 11/15 agreement for sale of Precision Planting Equipment business to Deere & Co(PBR81 $DE) because of US Dept of Justice issues. $MON PR link.

Monsanto(PBR187)’s NemaStrike(TM) technology approved by EPA, controls plant parasitic nematodes in crops like corn, soybeans, & cotton. $MON PR link.

CBRE(PBR301) acquires 31 professionals leading Australian healthcare project advisory and management firm Aurora Projects, terms not disclosed. $CBG PR link.

Lithia(PBR451) acquires $500 million/year Pittsburgh, PA, Baierl Auto Group with Toyota, Honda, Subaru, Ford, Chevrolet, Acura, Kia and Cadillac locations in the Cranberry Township area. $LAD PR link.

Markel(PBR470) completes acquisition of Houston, TX, based large private surety 8 offices company serving the US SureTec Financial Corp. $MKL PR link.

IAC(PBR665) to acquire Angie’s List(NASDAQ: $ANGI) for $8.50/share, $130+ million, to combine with IAC’s HomeAdvisor into a new public company ANGI Homeservices. $IAC PR link.

Equinix(PBR793) completes $3.6 billion cash acquisition of 29 data centers from Verizon(PBR15 $VZ). $EQIX PR link.

Beacon Roofing(PBR818) acquires 11 branches California-based waterproofing, sealant, air barrier and concrete restoration materials distributor Lowry’s Specialty Distribution, terms not disclosed. $BECN PR link.

PerkinElmer(PBR839) completes $276 million sale of its Medical Imaging business to Varian Medical(PBR678). $PLI PR link.

Greenbrier Cos(PBR846) now 60% owner in Brazilian railcar manufacturer Greenbrier-Maxion, is now largest freight railcar manufacturer in S America, #2 in the US, and soon to be #1 in Europe. $GBX PR link.

The Cheesecake Factory(PBR893) opens first restaurant in Hong Kong at Harbour City Mall under a licensing agreement. $CAKE PR link.

Republic Airways(PBR951) exits from Chapter 11, now a private company closely held by certain unsecured credit holders. $RJETQ PR link.

Bob Evans(PBR954) completes around $605 million sale of Bob Evans Restaurants unit to Golden Gate Capital; completes $115 million acquisition of potato products producer Pineland Farms Potato; Mike Downsley appointed President/CEO. $BOBE PR link.

New York Times(PBR971) expanding coverage in Australia, opens Sydney bureau, offering digital news service, scheduling events. $NYT PR link.

Arconic(PBR215) president of Arconic Defense Eric Roegner now also president of Arconic Global Rolled Products, succeeds leaving Kay Meggers. $ARNC PR link.

Arthur J Gallagher(PBR515) hires Chris Mead as its Chief Marketing Officer. $AJG PR link.

Blackhawk Network(PBR998) promotes Greg Brown to SVP/International, part of succession plan to be head of International currently held by Bill Tauscher. $HAWK PR link.

The US Dept of Commerce estimates US March Personal Income Annual Rate at $16.473 trillion, +0.2% from February, +4.5% from March 2016. USDOC PR link.

The US Dept of Commerce estimates US March Total Construction Spending Annual Rate at $1.218 trillion, -0.2% from February, +3.6% from March 2016. USDOC PR link.

The ISM US April Manufacturing PMI Index(50% is flat) is 54.8%, March was 57.2%, April 2016 50.8%. ISM PR link.

The Markit US April Manufacturing PMI at 52.8, March was 53.3, April 2016 50.8. Markit PR link.

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