Morning Buzz: KaloBios (KBIO), Netflix (NFLX), Pep Boys (PBY), FedEx Corporation (FDX)

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KaloBios Pharmaceuticals, Inc. (KBIO) — The embattled biotech firm was informed Wednesday that its stock will be delisted by Nasdaq. The news comes days after former CEO Martin Shkreli was charged with securities fraud.

Netflix, Inc (NFLX) — The streaming media said in a regulatory filing that co-founder and CEO Reed Hastings’ baseline salary would be $900,000. $2.4 million for CFO David Wells.

Pep Boys – Manny, Moe & Jack (PBY) — The U.S. auto parts retailer said activist investor Carl Icahn was willing to pay around $1 billion to acquire the company to keep rival bidder Japanese tire maker Bridgestone at bay. Icahn also said that he will beat any new offer Bridgestone makes by $0.10 a share.

Shares of Pep Boys closed at $17.40 on Wednesday.

FedEx Corporation (FDX) – The Wall Street Journal discusses in an article that some retailers, including Eddie Bauer and Pacific Sunwear, are blaming FedEx for holiday delivery delays.

“FedEx is experiencing a backlog that is delaying standard shipments by several days or even weeks. All online merchants are affected, and not just PacSun,” Pacific Sunwear wrote in an email Monday to customers. “Destinations in the northeast United States are being impacted the most.”

A message on Eddie Bauer’s customer service phone line Wednesday morning echoed the same concern, according to the report.

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