Category: Trucking News

Should You Buy Micron Technology, Inc. Stock Ahead of Earnings?

JP Morgan is out with a bullish note on Micron Technology, Inc. (NASDAQ:MU) in which the Wall Street firm not only reiterated its Overweight rating and $82 price target on Micron stock, but also recommended buying shares ahead of the company's next earnings report. JP Morgan expects the numbers to be quite good given improving fundamentals in the memory market, driven primarily by robust cloud data center spend.


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Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm sues Xerox for well over $1 billion after aborted merger

Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion (£755.2 million), faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint filed with the U.S. District Court in Manhattan, Fujifilm accused Xerox of breach of contract and engaging in "intentional and egregious conduct" in abandoning the $6.1 billion merger announced in January. Icahn, the billionaire, and Deason together owned 15 percent of Xerox shares, and said the merger undervalued the Norwalk, Connecticut-based company.


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