– Google's planned acquisition of the fitness tracker maker is under scrutiny by Australian regulators, who are expressing concern that the deal may hurt competition in the digital advertising and health markets. Australia is the first country where competition concerns have been expressed about the $2.1 billion transaction. – U.S. Steel raised $429 million through a common stock offering of 50 million shares.
Separately, the steelmaker said it intended to pay its quarterly dividend, but may not declare or pay future dividends at the prior rate or at all depending on its financial condition. – Jefferies raised its price target on the automaker's stock to a Street-high $1,200 per share from the prior $650 a share, saying the gap with competitors is widening both in terms of product and battery technology.
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