Micro Focus plummets, Alibaba makes major investment, Delta adds highly requested route
Channel: Extra One Tv 365
Date: 2018-03-19

Here’s a look at some of the companies the Yahoo Finance team will be watching for you.

Britain’s Micro Focus (MFGP) tops our list. The stock is in a free fall, down almost 50% after announcing its CEO would be leaving immediately to pursue new opportunities. The U.K. based software company also warned investors its year-on-year revenue decline will be greater than expected. Thanks to the stock selloff, Micro Focus is no longer Britain’s biggest listed tech business.

Alibaba (BABA) is investing an extra $2B into Lazada. Alibaba says the German e-commerce company will help it grow its footprint in Southeast Asia. The investment also helps Baba take on industry giants like Amazon and JD.com that are making moves in the same region.

Delta (DAL) says it hears you loud and clear. The airline will fly nonstop from San Jose to New York-JFK starting this June. The new route comes after numerous requests. San Jose’s mayor even thanked Delta saying, “New York remains the most sought-after destination for Silicon Valley business and leisure travelers” and wished the airline good luck.

Macy’s (M) is rolling out mobile checkout to all its stores by the end of this year. The department store giant also announced plans to add augmented reality to its app so shoppers can see how furniture will look in their home before buying. CEO Jeff Gennette said the changes had to be made because Macy’s cannot survive on legacy alone.