Deal talk: Macy’s shares rose 6 percent to $32.69 Friday following reports that Saks owner Hudson’s Bay has approached the retailer about a takeover. The Wall Street Journal, citing sources, said the early talks include other ways the two companies could cooperate.
Apple polished: Apple jumped 5.6 percent to $128.18 Wednesday, its highest price in a year and a half, after it said consumers snapped up its new iPhone 7 and 7 Plus over the last three months. That ended the first-ever slump in iPhone sales, and Apple’s first-quarter results were stronger than analysts expected. Its stock closed Friday at $129.05.
Losing sleep: Mattress retailer Tempur Sealy fell 28 percent to $45.63 Monday after the bedmaker said Mattress Firm is moving to terminate its supply contracts with the company. Shares closed Friday at $43.49.
Return to sender: Package and delivery company UPS sank 6.3 percent to $109.64 after it forecast an annual profit that was far smaller than analysts had expected. UPS shares closed Friday at $106.95.
Order fallout: American Airlines fell 6.4 percent, to $43.95 Monday as the airline sector dropped in the aftermath of President Donald Trump’s executive order suspending the U.S. refugee program for 120 days and blocking travel to the U.S. by citizens of seven countries. American shares ended the week at $44.20.
Card swiped: Visa shares rose 4.5 percent to $86.08 Friday after earnings exceeded expectations as shoppers stepped up their use of debit and credit cards and its acquisition of Visa Europe clicked.