Here’s a look at some of the companies the Yahoo Finance team will be watching for you.
CSX (CSX) is giving investors a plan to profitability that will include lowering its operating ratio. The move comes after the unexpected death of CEO Hunter Harrison back in December. Before Harrison died, he oversaw an eight-month turnaround at the railroad company, that included shutting down many rail yards and cutting jobs.
Best Buy (BBY) is closing 250 small mobile phone stores. Before iPhones, the electronics retailer was able to make huge profits from these smaller stores. But in recent years those stores have underperformed as people use them as showrooms, where they look at the product, but then buy online. Best Buy didn’t say how many employees would be impacted by the mobile phone store closures.
Sky is teaming up with Netflix (NFLX). The European pay-TV group says it’s adding Netflix to its TV bundle so customers can access more popular entertainment. Earlier this week, Comcast made a bid for Sky, putting it up against 21st Century’s deal to sell its Sky assets to Disney.
Microsoft (MSFT) is getting charged up. The tech giant is buying all the power generated by solar firm Sunseap’s new rooftop project. The energy generated from the Singapore based company will help power data centers used to operate Microsoft’s cloud services in Southeast Asia.