Business News
5G wireless technology might save Verizon (VZ) in Q4 earnings
Verizon Communications (VZ) is scheduled to post its fourth-quarter 2018 earnings before trading hours on Tuesday, Jan. 29. The Street…
DR Horton stock slips after Q1 earnings miss; revenues rise 6%
Shares of DR Horton Inc. (DHI) dropped modestly Friday after the homebuilding company reported weaker than expected earnings for the…
Intuitive Q4 earnings miss despite strong revenue growth; stock dips
Earnings of Intuitive Surgical (ISRG), a provider of minimally invasive surgical solutions, increased in the fourth quarter but missed analysts’…
Autonomous flying taxi nears reality after Boeing conducts test flight
For most people, autonomous flying taxi is yet another science fiction concept, even after the first successful tests were conducted…
American Airlines stock jumps on Q4 earnings beat, strong guidance
American Airlines (AAL) recorded strong passenger traffic during the holiday travel season, which pushed up the company’s revenues in the…
Earnings: Southwest Airlines Q4 earnings slide despite beating estimates
America's largest low-cost airline carrier posted its fourth-quarter results before the market opened for trading on Thursday, Jan. 24. Despite…
Ford Q4 revenues beat estimates; earnings slide on higher costs
Ford Motor Company (F) reported mixed results for the fourth quarter when adjusted earnings dropped and missed analysts’ forecast. Revenues…
Starbucks (SBUX) Q1 2019 Earnings Preview: Will new players catch up?
The coffee giant Starbucks (SBUX) plans to announce its first quarter results of fiscal 2019 after markets close on Thursday,…
Morgan Stanley upbeat on Walmart’s cost-cutting efforts, raises rating
While revising its growth strategy in tune with the changes the retail landscape has witnessed in recent years, Walmart (WMT)…
Kimberly-Clark stock drops on Q4 earnings miss, weak guidance
Kimberly-Clark (KMB), a leading manufacturer of personal care products, Wednesday reported weaker than expected earnings for the fourth quarter, reflecting…
IBM stock rallies on upbeat guidance; Q4 results beat estimates
Shares of International Business Machines (IBM) rose sharply Tuesday after the management issued stronger than expected earnings guidance for fiscal…
eBay stock spikes after activist investor brightens turnaround hopes
After fighting for long to regain its lost glory in the e-commerce space, rather unsuccessfully, the pressure is mounting on…
Mastercard fined $648 million in EU for anti-competitive practices
The business practices of American credit card companies have been under strict scrutiny in the European Union for a long…
Earnings preview: Comcast bets on broadband subscription to lift Q4 earnings
Communications behemoth Comcast Corp. (CMCSA) will be announcing results for the fourth quarter Wednesday before the opening bell. The recent…
Eli Lilly’s oncology push suffers a blow after sarcoma drug fails study
The ambitious cancer therapy program of Eli Lilly and Company (LLY) suffered a setback Friday after a formulation developed by…
Walmart, CVS settle pharmacy pricing dispute; ink fresh partnership
In a deal that marks the reunion of two of the world’s largest store operators, Walmart (WMT) and CVS Health…
Facebook acts tough as Russia-linked groups pose perennial challenge
After a tumultuous year marked by a series of scandals and allegations, Facebook (FB) is leaving no stone unturned to…
Chip stocks slip after Apple supplier predicts weaker smartphone demand
Adding to the concerns that the smartphone boom is finally leveling off, component suppliers are witnessing a marked decline in…
Kinder Morgan Q4 earnings meet estimates; revenue up 4%
Energy infrastructure company Kinder Morgan (KMI) reported an increase in fourth-quarter revenues, helped mainly by strong contributions from the natural…
Red Hat shareholders give green signal for acquisition by IBM
The closely-followed acquisition of software company Red Hat (RHT) by tech giant IBM (IBM) moved closer to completion after the…