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Roku Inc. said Tuesday the Roku Channel will be available as an app on select Samsung smart TVs in the U.S. later this summer. The Roku Channel features films from its content partners and is ad-supported, offering about half the advertising per programming hour as is shown on traditional TV. Roku completed its initial public offering last September to some fanfare, but the stock has struggled in recent months. It was up 4.8% premarket, but is down 35% in 2018 to date, while the S&P 500 has gained 1.5%.

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FedEx Corp. said Tuesday that it will put 500 FedEx Office locations in select Walmart Inc. stores over the next two years. Customers will be able to pack, ship and print from the locations. Customers can also send packages to any Walmart-based Fedex Office location to store for up to five business days. The two companies piloted the program in 47 locations in six states. The effort is part of an expansion of the FedEx network. FedEx shares are up nearly 30% for the last year while Walmart shares are up 25% for the period. The Dow Jones Industrial Average is up 17.7% for the last 12 months, outpacing the S&P 500 index , which has risen 14.3% for the period.

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Shares of Oracle Corp. sank 8.4% in premarket trade Tuesday, after the software company’s fiscal third-quarter results prompted downgrades by Wall Street analysts. The company reported late Monday profit that beat expectations but sales that missed, amid disappointing growth in its cloud computing business. Stifel Nicolaus analyst Brad Reback cut his rating to hold, after being at buy since at least June 2015, saying the “lackluster” results come in face of strong results from other software companies, including Microsoft Corp. , Salesforce.com Inc. and Adobe Systems Inc. . He said even Oracle’s profit beat was driven largely by a lower-than-expected tax rate. KeyBanc Capital’s Monika Garg downgraded Oracle to sector weight from overweight. Garg said the transition to the cloude is taking “much longer to play out” then expected, after a third-straight quarter that cloud results and guidance has disappointed, and as execution risk has increased given “larger cloud competitors are growing faster.” The stock has rallied 14.9% over the past 12 months, while the technology-heavy Nasdaq 100 has run up 26.8% and the S&P 500 has gained 14.3%.

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Chinese peer-to-peer lender Golden Bull priced its initial public offering Tuesday at $4 a share. The company sold 1.55 million shares to raise $6.2 million. Underwriter ViewTrade Securites Inc. has a 45-day option to buy up an additional 232,500 shares. The stock will start trading later Tuesday on the Nasdaq, under the ticker symbol “DJNR.” Proceeds of the deal will be used to expand marketing in China to reach more potential borrowers and lenders, according to the company’s prospectus. The company is also planning to beef up its online platform and mobile app and will use about $600,000 to hire additional employees. Golden Bull arranges loans of 30 days to 90 days secured by borrower’s cars, according to its prospectus.

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Shares of Children’s Place Inc. were indicated down more than 5% in premarket trade Tuesday, as a sales miss and downbeat outlook offset a profit beat, a new stock buyback program and a raised dividend. For the quarter to Feb. 3, the childrens apparel retailer swung to a net loss of $9.9 million, or 57 cents a share, from a profit of $34.2 million, or $1.86 a share, in the same period a year ago. Excluding non-recurring items, such as a $51.8 million charge resulting from recent tax legislation, adjusted earnings per share came to $2.52, above the FactSet consensus of $2.49. Revenue rose to $570.0 million from $520.8 million, but was below the FactSet consensus of $572.0 million, as same-store sales growth of 8.2% missed expectations of an 8.5% rise. The company expects first-quarter EPS to rise to $2.12 to $2.22 from adjusted EPS of $1.95 a year ago, compared with the FactSet consensus of $2.39. Separately, the company set a new $250 million stock repurchase program and increased the quarterly dividend by 25% to 50 cents a share, with the new dividend payable April 27 to shareholders of record on April 16. The stock has gained 1.1% over the past three months through Monday, while the SPDR S&P Retail ETF has lost 1.8% and the S&P 500 has gained 1.3%.

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A package reportedly exploded outside a FedEx Inc. depot in Schertz, Texas, just after midnight on Monday, injuring one employee, according to media reports. The Federal Bureau of Investigation is investigating the blast, and agents believe that it’s likely is linked to four other bombs that have gone off in recent weeks in Austin, the Associated Press reported. Two people have died so far from those blasts, and investigators have been hunting for what they believe is a “serial bomber.” Three of those devices were believed to have been hidden inside packages, while another blast involving a tripwire occurred in a residential neighborhood of Austin on Sunday evening, injuring two persons.

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Former French president Nicolas Sarkozy was Tuesday held in police custody for questioning over allegations he received millions of euros in illegal campaign funding from the late Libyan dictator Muammar Gaddafi’s regime. According to media reports, Sarkozy — France’s president from 2007 to 2012 — was being questioned at a police station in Nanterre west of Paris as part of a probe into funding for his successful 2007 election campaign. France opened the inquiry in 2013 and Sarkozy has repeatedly denied receiving any funding from Gaddafi’s regime.

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MGM Holdings Inc. Chairman and Chief Executive Gary Barber has been fired, the company’s board announced Monday night. MGM’s board issued a statement Monday night saying it has “initiated a CEO transition” and has begun a search for its next chief executive. The board did not explain why Barber had been ousted. He had led MGM for eight years, and he received a contract extension through 2022 in October. MGM is the parent company of iconic Hollywood studio Metro-Goldwyn-Mayer. In the statement, the MGM board thanked Barber for his contributions and said “Now is the right time to enable the next generation of leadership who can help drive the creativity, collaboration and partnership needed to continue the company’s positive trajectory.” MGM is scheduled to report quarterly earnings on March 28. The company’s shares, which trade over the counter, are up almost 16% in the past year.

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President Donald Trump is set to impose $60 billion in annual tariffs against China by Friday, the Washington Post reported Monday. That amount is roughly double what senior aides had originally proposed, the Post reported. The levies would apply to more than 100 products that were developed by stolen American intellectual property, the Post said. China is the biggest trade partner of the U.S., and the tariffs may spark retaliatory measures by the Chinese government.

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