Top Midday Stories: B. Riley Co-Founder Offers to Buy Rest of Company; Ford Recalls 85,000 Explorers

MT Newswires Live08-16

Top Midday Stories: B. Riley Co-Founder Offers to Buy Rest of Company; Ford Recalls 85,000 Explorers The three major US stock indexes were mixed late Friday morning after rallying this week.In company...

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Riley Co-Founder Offers to Buy Rest of Company; Ford Recalls 85,000 Explorers The three major US stock indexes were mixed late Friday morning after rallying this week.In company news, Bryant Riley, co-founder, chairman and co-chief executive officer of B. Riley Financial (RILY) offered to acquire the rest of the company for $7 a share, according to a filing with the US Securities and Exchange Commission. Riley is currently the largest shareholder. Shares of B. Riley rose 17% around midday.Ford Motor (F) notified the National Highway Traffic Safety Administration that it is recalling Explorer SUVs equipped with the police interceptor utility package over fire concerns related to engine failure, the regulator said. The recall affects 85,238 Explorers with model years 2020-2022. 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