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 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. Ford shares fell 0.5%.BHP Group (BHP) and the leaders of a Chilean mining union reached a preliminary agreement on wages, potentially setting the stage for a return to work at Escondida, the world's biggest copper mine, Bloomberg reported. BHP shares rose 0.3%.Eli Lilly (LLY) completed its $3.2 billion acquisition of Morphic Holding (MORF). Eli Lilly acquired Morphic, a biopharmaceutical company developing oral integrin therapies for treatment of serious chronic diseases, for $57 a share in cash. 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