Walmart Inc. (NYSE: WMT) could buy health insurance company Humana Inc. (NYSE: HUM). According to MarketWatch:
Walmart Inc. is in preliminary talks to buy insurer Humana Inc., according to people familiar with the matter, a deal that would mark a dramatic shift for the retail behemoth and would be the latest in a recent flurry of big deals in health-care services.
It isn’t clear what terms the companies may be discussing, and there is no guarantee they will strike a deal. If they do, the deal would be big: Humana currently has a market value of about $37 billion.
Tesla Inc. (NASDAQ: TSLA) has recalled 123,000 cars. According to MarketWatch:
Tesla Inc. finished off its worth month in seven years with the news late Thursday that the electric-auto maker is recalling 123,000 Model S vehicles due to a potential flaw in a power steering component.
Investors continued to punish Tesla stock in after-hours trading, with the stock more than 3% in the red, giving back the day’s regular-session gains of 3.2%, when it closed at $257.50. Tesla stock is down 23% in the past month, as the S&P 500 index has fallen 4%. Markets are closed Friday in observance of Good Friday.
The recall of the Model S vehicles is due to a bolt that could corrode, an issue that occurs in cars built before April 2016, and in winter conditions where roads are frequently salted, the company said. Just 0.02% of the cars ever experience the problem, Tesla said.
Under Armour Inc. (NYSE: UAA) has announced a huge data breach. According to Reuters:
Under Armour Inc said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, in one of the biggest hacks in history, sending shares of the athletic apparel maker down 3 percent in after-hours trade.
The stolen data includes account user names, email addresses and scrambled passwords for the popular MyFitnessPal mobile app and website, Under Armour said in a statement. Social Security numbers, driver license numbers and payment card data were not compromised, it said.