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Stockwinners Market Radar for September 02, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
| WIT | Hot Stocks12:35 EDT Wipro wins over $1.5B deal from Alight Solutions - Wipro announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions. This deal will result in revenues of $1.5-$1.6B for Wipro over the tenure. This is Wipro's largest win to date.
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| VAC | Hot Stocks12:33 EDT Marriott Vacations completes acquisition of ILG - Marriott Vacations has completed the previously announced acquisition of ILG, a provider of professionally delivered vacation experiences. As consideration for the acquisition, ILG shareholders received $14.75 in cash and 0.165 shares of Marriott Vacations common stock for each share of ILG common stock. Marriott Vacations paid approximately $4.6B in aggregate consideration. In conjunction with the completion of the acquisition, Marriott Vacations' Board of Directors has increased from eight to 10 members, with the addition of two former members of ILG's Board: Lizanne Galbreath and Stephen Quazzo.
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| JD | Hot Stocks08:43 EDT JD.com CEO arrested, then released, on suspicion of sexual misconduct - JD.com CEO Liu Qiangdong was arrested Friday in Minnesota on suspicion of sexual misconduct but then released, according to the official website of the Hennepin County Sheriff's Office. Responding to "rumors," the company issued a statement on Weibo saying, "During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation. The local police quickly determined there was no substance to the claim against Mr. Liu, and he was subsequently able to resume his business activities as originally planned." According to the Wall Street Journal, Liu earlier this year tried to keep his name out of a criminal case in Australia where a man was accused of sexually assaulting a woman he had met at a party at the CEO's Sydney home in 2015. Liu wasn't accused of wrongdoing, the Journal adds. Shares of JD.com, an e-commerce company and retail infrastructure service provider in China, closed Friday up 30c to $31.30. Reference Link
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