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Here are the companies Yahoo Finance is watching today.
A potential new listing for Alibaba (BABA). There are multiple reports the Chinese e-commerce giant is considering putting its shares on an exchange in Hong Kong. Alibaba spurned Hong Kong four years ago when it picked the New York Stock Exchange for its IPO. One report says the new listing could raise upwards of $20 billion dollars for the company.
A partial victory for Budweiser's parent, AB InBev (BUD), in a battle over corn syrup. A judge ruled the brewer had to take down some ads claiming rivals Coors and Miller used corn syrup in their beers. But he's letting some ads remain on the air, for now, and letting Bud Light's packaging still claim there's "no corn syrup" inside.
Tesla (TSLA) buyers in China could be in for a big discount. Bloomberg says Tesla is considering charging between $43,000 and $50,000 for Model 3s made in its new Shanghai factory. That's significantly less than Tesla charges for imported cars, which are subject to hefty import taxes. The company plans to announce the official pricing on Friday.
Disney’s (DIS) Aladdin had a strong opening at the box office over the holiday weekend. The live-action film brought in an estimated $112.7 million, following Dumbo which debuted below expectations with $45 million earlier this year, the film is in good shape to deliver a win for Disney.
Sports Illustrated's brand has been sold. The marketing company Authentic Brands purchased the intellectual property of the sports magazine for about $110 million from Meredith Corporation (MDP). However, Meredith will continue to print and manage the editorial side, while Authentic Brands will license the magazine's brand and content. Authentic owns celebrity brands like Marilyn Monroe and Elvis Presley.