Here’s a look at some of the companies the Yahoo Finance team will be watching for you
Qualcomm (QCOM) tops our list. The chip maker is raising its bid for NXP Semiconductors (NXPI) to $44B. The Wall Street Journal reports that Qualcomm hopes the $5B increase will boost NXP shareholder support for the deal. The move could also fend off Broadcom’s unsolicited bids for Qualcomm.
Amazon (AMZN) is sweetening the deal to shop at Whole Foods. Starting today, Prime members who use their Prime Rewards Visa card at Whole Foods will get 5% cash back. Customers who have the card but are not Prime members will get 3% cash back.
General Motors (GM) is working to keep its plants open in Seoul. Reuters reports GM is offering to convert $2.2 billion dollars of debt owned by its South Korean operations into equity. In exchange, the carmaker is asking Seoul for financial support and tax benefits in the realm of $1B. The proposal comes after GM closed down one of its four South Korean plants just last week.
Edible Arrangements claims Google (GOOGL) is taking a bite out of its profits. The fruit bouquet maker has filed a federal lawsuit claiming rival ads appear and confuse customers when people search for Edible Arrangements on the search engine. It’s suing for $209 million in damages, $9 million of which it estimates Google earned in ad revenue.
KFC (YUM) is running out of chicken. The fast food chain has been forced to temporarily close 800 of its 900 restaurants in the United Kingdom. KFC says a logistics issue with its new delivery partner, DHL, stopped chicken deliveries. No word on when the issue will be resolved.