Apple (NASDAQ:AAPL): A blog post has seemingly substantiated rumors that Apple is in fact releasing a low-cost version of its best-selling iPhone. The phone is said to have a 4-inch display — on par with the dimensions of the iPhone 5 — and a plastic chassis. Techdy says the budget iPhone feels sturdier than its Samsung (SSNLF.PK) Galaxy counterparts, and that “it doesn’t feel cheap at all.”
NRG Energy Inc. (NYSE:NRG): The company’s NRG Yield unit says it expects its planned IPO of up to 19.6 million shares to price around $19 to $21 per pop when it makes its debut on the NYSE listing under the ticker NYLD. NRG Yield was created as the primary vehicle through which NRG Energy will own, operate, and acquire contracted renewable and conventional generation and thermal infrastructure assets.
Eli Lilly and Co. (NYSE:LLY): CEO John Lechleiter has come back to work after surgery for a dilated aorta on May 13. Lechleiter says that he has a “new perspective on health and wellness and the critical importance of new medicines” following his ordeal. Separately, the European Medicines Agency will review a marketing application from Lilly and Boehringer Ingelheim for their LY2963016 treatment for Type 1 and Type 2 diabetes.
Natus Medical Inc. (NASDAQ:BABY): Shares are tanking more than 12 percent during Monday trading after the company revealed its preliminary quarterly reports for the second quarter. Revenue is expected to come in between $81 million and $82 million for the quarter ended June 30 due in part to “unexpected” weakness in Europe late in the period. Consensus estimates pegged revenue at about $90 million.
Blackstone Group (NYSE:BX): Blackstone has increased its $5 billion, 30,000-house rental bet with its lending arm, and has set up B2R Finance LP to offer loans starting at $10 million. B2R is reaching out to landlords with portfolios of properties who are looking to grow in the swelling industry for single-family homes to rent, according to Bloomberg’s sources.