Business News
Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing
After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…
Bank of New York Mellon Q4 profit falls; adj. earnings increase
The Bank of New York Mellon Corp. (BK) reported lower earnings for the fourth quarter, despite an increase in revenues.…
Microsoft-Walgreens deal highlights an emerging trend in healthcare sector
While the healthcare sector is witnessing a dramatic change in the way companies operate, marked by high-profile partnerships, the tech…
First Republic Bank stock rallies after Q4 results beat estimates
Earnings of First Republic Bank (FRC) increased and exceeded expectations in the fourth quarter, reflecting a sharp growth in interest…
Delta Air Lines stock falls on weak guidance; Q4 earnings beat estimates
Aviation firm Delta Air Lines (DAL) reported stronger than expected earnings for the fourth quarter when strong top-line performance more…
Earnings preview: Weakness in trading business may drag Goldman’s Q4 results
For most financial service companies, which are reporting their latest quarterly results, the main concern is the ongoing softness in…
Aurora gets bigger with Whistler buyout as cannabis boom gains traction
The cannabis market seems to be on the verge of an explosion - with the majority of companies expediting their…
Huawei remains in spotlight, but for all the wrong reasons
It seems there is no end in sight for the controversies surrounding Chinese tech company Huawei. While security agencies for…
GM’s bullish view on restructuring, profitability sends stock soaring
In an indication that the ongoing restructuring program is progressing as planned, General Motors (GM) Friday released a bullish outlook…
Slack likely to make stock market debut this year through direct listing
After building a strong user base, direct messaging app Slack Technologies has been planning to go public for some time…
Retail stocks hit hard by dismal holiday sales
As investors continued to punish retail companies after the lackluster holiday season, most of the leading store operators witnessed stock…
BoA gives double upgrade as Twitter intensifies fight against spam
For the social media sector, 2018 was a year of great significance, and the most valuable takeaway from the recent…
Blizzard Entertainment renews China deal amid faltering user growth
When Activision Blizzard (ATVI) partnered with China-based NetEase (NTES) more than a decade ago, the main attraction was the growing…
Bed Bath & Beyond stock jumps on Q3 earnings beat, positive guidance
Shares of home decor retailer Bed Bath & Beyond (BBBY) surged Wednesday after its third-quarter earnings surpassed analysts’ forecast, despite…
Rating upgrade breathes new life into Micron; stock rallies
Micron Technology (MU) got a big boost Wednesday after Bernstein Research upgraded the stock to outperform from market perform. The…
After record deliveries in 2018, Boeing sees a fruitful year ahead
After ending 2018 on a positive note, Boeing (BA) is gearing up to meet its production and delivery goals for…
From flying taxi to roll-up TV, CES 2019 witnesses many debuts
CES 2019, the iconic electronics exhibition being held in Las Vegas, witnessed some of the leading technology firms unveiling their…
Roku stock gains sharply, buoyed by robust user growth in Q4
Shares of TV-streaming service Roku, Inc. (ROKU) rose sharply Monday after the management released its bullish estimate for the fourth…
Apple seeks to tide over iPhone rout through media tie-up with Samsung
It is true that in a rapidly evolving business world there are no permanent friends and enemies. After fighting a…
Pricing, cost reduction crucial for Plug Power to maintain uptrend in Q4
Plug Power Inc. (PLUG) will be holding a conference call on Wednesday to discuss preliminary results for the fourth quarter…
Rite Aid is looking for a prescription to avoid delisting
Shares of drugstore chain Rite Aid Corp. (RAD) which stood at $1 a month ago are struggling to return to…