Business News
Intel looks at a better year as rating upgrade fuels recovery
Shares of Intel (INTC) gained Friday after Bank of America Merrill Lynch raised its rating on the stock to buy…
Tesla fast-tracks China program with plans to start delivery in March
After making a noticeable impact on the American passenger vehicle market last year, Tesla (TSLA) seems to be taking forward…
Delta stock falls sharply after disappointing revenue outlook
The unimpressive revenue guidance issued by Delta Air Lines (DAL) Thursday and the negative market reaction to the report reflect…
Resources Connection stock gains sharply after Q2 earnings beat
Shares of Resources Connection (RECN), a provider of diversified consulting services, gained significantly Thursday after the company reported stronger than…
Competition and trade war may shatter Starbucks’ China dream
Starbucks’ (SBUX) reputation as the undisputed leader in the caffeinated beverage market was challenged in recent years due to the…
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when…
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The…
Recovery hopes brighten after GE starts 2019 on a positive note
Extending the positive momentum seen towards the end of last year, General Electric (GE) started 2019 with a surprise gain.…
Cambrex Corp. completes acquisition of Avista Pharma solutions
Life sciences company Cambrex Corp. (CBM) Wednesday completed its previously announced acquisition of Avista Pharma Solutions, a biotech firm engaged…
Netflix poaches Activision CFO Spencer Neumann, stock falls on weak outlook
Shares of Netflix (NFLX) and Activision Blizzard (ATVI) dropped Wednesday amidst reports that the latter terminated its chief financial officer…
A tough task awaits Campbell Soup’s new CEO Mark Clouse
There is a pressing need for the food industry to innovate and adapt to the changing customer tastes. The current…
2019 looks to be a challenging year for automobile manufacturers
It was a mixed bag for the automotive industry so far this year, with the record high sales witnessed in…
Facebook stock falls on cryptocurrency plans, rating downgrade
Coinciding with the reports that Facebook (FB) is developing a cryptocurrency, brokerages on Friday downgraded the social media giant, sending…
Apple rout deepens after Qualcomm wins partial ban on iPhone sales in Germany
The ongoing patent infringement litigation between Apple (AAPL) and Qualcomm (QCOM) took a new turn this week after the latter…
Neogen stock drops on Q2 revenue miss; earnings decline
Neogen Corp. (NEOG) Thursday reported a decline in its second-quarter earnings, despite a 6% increase in revenues. While the overall…
Pier 1 Imports stock drops 14% after Q3 results miss estimates
Shares of Pier 1 Imports (PIR) fell sharply Wednesday after the home decor company slipped to a net loss in…
Allergan stock plunges to 5-year low after product recall in Europe
Allergan (AGN) suffered a major setback Wednesday after European regulators asked the company to stop the sale of its textured…
New dawn for urban transport as Elon Musk unveils first underground tunnel
Putting an end to speculations, the futuristic transportation tunnel envisaged by Tesla (TSLA) CEO Elon Musk was opened in Los…
Micron Q1 revenues miss amid faltering chip demand; earnings beat
Chipmaker Micron Technology (MU) reported a sharp increase in first-quarter earnings, which also exceeded estimates. But the company’s revenues missed…
Credit Suisse turns bearish on S&P 500 amid volatility, cuts price target
Wall Street is probably set for a not-so-impressive start to 2019, if the current trend is any indication. Compared to…
Confidence of Twitter users, investors hit by deepening security woes
With incidents of data breach becoming increasingly prevalent, going forward the credibility of social networking platforms will depend on their…