Fly Intel: Top five weekend stock stories

Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. General Motors (GM) and its Cruise robo-taxi subsidiary have filed a lawsuit to stop Ford Motor (F) from using the name “BlueCruise” to market its hands-free driving technology, Reuters’ Joseph White reported, citing the companies. “While GM had hoped to resolve the trademark infringement matter with Ford amicably, we were left with no choice but to vigorously defend our brands and protect the equity our products and technology have earned over several years in the market,” GM said in a statement. 2. RBC Bearings (ROLL) is in advanced talks to buy ABB Ltd.’s (ABB) mechanical power transmission business, Bloomberg’s Aaron Kirchfeld and Kiel Porter reported, citing people familiar with the matter. A deal could be reached as soon as this week and value the business, known as Dodge, between $2.5 billion and $3 billion, the people said. 3. While the Delta variant has been spreading for months, the highly contagious COVID-19 variant seized headlines over the past week or so as cases and deaths climbed – particularly among the unvaccinated – and concerns grew that governments might reimpose restrictions on crowds and business operations, Lawrence Strauss wrote in this week’s edition of Barron’s. The travel and leisure industries have been beset by crosscurrents, but Hilton (HLT), Host Hotels & Resorts (HST), MGM Growth Properties (MGP), Royal Caribbean (RCL), Travel + Leisure (TNL), and Wyndham Hotels & Resorts (WH) have some attributes to withstand uncertain stretches, the author noted. 4. Comcast (CMCSA) subsidiary Universal’s “Old” won this weekend’s domestic box office, taking in $16.5M from 3,555 locations. M. Night Shyamalan’s psychological thriller was inspired by the graphic novel Sandcastle. The movie debut to $6.5M internationally from 23 markets for a global total of $23M. 5. Evoqua Water Technologies (AQUA), Tripadvisor (TRIP), Citizens Financial (CFG), M&T Bank (MTB), KeyCorp (KEY), Fifth Third Bank (FITB), and EssilorLuxottica (ESLOY) saw positive mentions in this week’s edition of Barron’s.