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Comcast’s (NASDAQ:CMCSA) Ted and Magic Mike from Time Warner’s (NYSE:TWX) Warner Bros studio made a bit of box office trivia over the weekend, as they were the first R-rated films in history to open with more than $21 million each in the same weekend, earning $54.1 million and $39.2 million respectively. The feat offers contradiction to the ongoing speculation that this summer is for kids’ movies.
Anheuser-Busch InBev (NYSE:BUD) gets affirmation of its credit ratings, following its purchase of the remaining stake of Grupo Modelo. Fitch maintains its ratings on BUD, on the strength of the company’s considerable free cash flow, also commenting that as it now will be under the auspices of A-B, Grupo Modelo’s margins should move up considerably.
Don’t Miss: Is This Google’s Amazon KILLER?
Shares of Amazon (NASDAQ:AMZN) benefit a bit after the blame for the power outage over the weekend that took down Instagram, Pinterest, and Netflix goes to the sites themselves for not having redundant systems built in. Amazon sells higher-cost cloud services that enables both East Coast and West Coasts cloud servers to still work, in case of local failure.
General Motors (NYSE:GM) reaches a logistics agreement with Peugeot (PEUGY.PK) that transfers a majority of GM’s business in Europe to the latter’s subsidiary Gefco, beginning next year. The arrangement marks an ongoing effort by the two firms to realize synergies between themselves during a collapsing market in Europe.
Don’t Miss: Airbus Encroaches on Boeing Territory.
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