Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Walmart (WMT) is looking to purchase more than 40% of Amazon’s India rival Flipkart, according to Reuters. The deal would give Walmart some much needed muscle in India, where Amazon is already investing $5B into ventures like online grocery delivery.
Amazon (AMZN) is partnering up with Bank of America (BAC) for business lending. CNBC reports the deal allows Amazon to reduce its risk and access capital for its merchants specifically to buy more inventory. Amazon Lending is an invitation only program offered to its top sellers.
It looks like Caterpillar’s (CAT) tax bill is growing. The IRS has tacked on an additional $300M to its tax bill, which now totals $2.3B. Caterpillar maintains that its offshore tax strategy is legitimate and says it will have no major impact on its bottomline.
YouTube (GOOGL) could very well overtake streaming giant Netflix (NFLX) in advertising revenue. An analyst at R.W. Baird tells Business Insider that YouTube is expected to rake in $15B in ad sales this year. compared to nearly $11.6B for Netflix. For the first time ever, YouTube’s parent company Alphabet is expected to reveal ad revenue for YouTube.