Here are the companies the Yahoo Finance team is watching for you today.
Rite Aid (RAD) has named Heyward Donigan as its new CEO, effective immediately. She replaces John Standley, who vacates the role as planned after nine years. Rite Aid conducted a search for its new leader, and said Donigan who most recently was CEO of Sapphire Digital stood out thanks to quote, "her broad health care knowledge and digital shopping technology expertise."
CBS (CBS) and Viacom (VIA) are trying hard to hash out a price for a long awaited merger, according to multiple reports. If the two media companies combine it would take what is arguably the most-watched TV network and join it with Paramount movies, and cable channels like Nickelodeon.
Investment group, BlackRock (BLK) took a $875 million dollar stake in Authentic Brands Group. That's the company that owns sports illustrated, juicy couture, nine west and dozens of other big brands. This is the first investment for BlackRock's new private-equity fund, Long Term Private Capital, which was created to diversify away from the group's core ETF business.
Ford (F) and Lincoln automobile owners have been reportedly complaining for years about the MyFord and MyLincoln multimedia systems, and now they won their class action lawsuit. According to the Top Class Actions website, Ford has set aside $17 million in order to settle. There are nearly 360,000 owners of vehicles equipped with a MyFord Touch or MyLincoln Touch multimedia system.
Warning to White Claw influencers: Anheuser-Busch InBev (BUD) is looking to go after hard seltzer. It is launching Natty Light Seltzers to target college drinkers. Each pack will cost 20% less than mainstream brands and have higher alcohol content of 6%. This comes as White Claw continues to dominate more than half of hard seltzer sales in the United States.