Business News
Earnings Preview: Mixed sentiment ahead of Walgreens Q1 earnings
Pharmacy store chain Walgreens Boots Alliance (WBA) is scheduled to report its first-quarter earnings Thursday before the opening bell. It…
Earnings Preview: Semiconductor slump likely to drag Micron’s Q1 results
Micron Technology (MU) lost significant market value last month after research firm Baird downgraded the stock and slashed the price target,…
Goldman downgrade is a call for Walgreens to revisit biz strategy
Shares of pharmacy store chain Walgreens Boots Alliance Inc. (WBA) dropped sharply Friday after they were downgraded by Goldman Sachs,…
Earnings Preview: IBM deal in focus as Red Hat gears up for Q3 report
The upcoming earnings announcement of Red Hat (RHT) will be one of the most closely-watched events, with investors looking for…
Merck strengthens animal health division with $2.4-bln Antelliq buyout
Taking a cue from the growing demand for animal care products, healthcare service providers and pharma companies are enhancing their…
Adobe stock drops on Q4 earnings miss and weak guidance; revenues beat
Shares of Adobe Systems (ADBE) slipped Thursday after the software solutions provider reported weaker than expected earnings for the fourth quarter,…
General Electric shares bounce back after rating upgrade, IoT venture
General Electric (GE) has reached a pivotal point in its aggressive restructuring program, marked by the divestment of loss-making business…
P&G expands beauty portfolio with acquisition of Walker & Co.
In a move aimed at better serving African-Americans, Procter & Gamble (PG) has acquired Walker & Co., a Silicon Valley…
Under Armour falls after weak outlook dampens investor sentiment
The writing on the wall was clear when sports apparel maker Under Armour (UA) predicted a few months ago that…
Beating the odds, Tesla is fast gaining traction in EV market
Having proved its critics wrong on multiple occasions, Tesla (TSLA) is probably becoming as enigmatic as its CEO Elon Musk.…
American Eagle Q3 earnings rise; stock falls on revenue miss, guidance
Specialty apparel retailer American Eagle Outfitters (AEO) reported higher revenues and earnings for the third quarter. However, the top-line and…
Shareholders clear decks for Dell to return to public markets
By securing shareholders’ approval for the buyout of Dell’s (DVMT) tracking shares, CEO Michael Dell Tuesday cleared probably the final…
Pfizer pares recent gains after JP Morgan slashes rating
The outlook for Pfizer (PFE) remains mixed as the drug maker gears up for a closely-followed leadership change early next…
Roadblock ahead as automakers bank on SUV boom to stay afloat
Sales of passenger cars dropped sharply in the US market last month, while shipments of SUVs and pickup trucks increased.…
Tivity Health set to redefine fitness market with Nutrisystem acquisition
The fitness industry has witnessed a lot of innovation in recent times as companies strive to cash in on the…
Earnings Preview: Q2 results may set the tone for Avid Bioservices’ recovery
Avid Bioservices (CDMO), a contract manufacturer in the biotechnology industry, is scheduled to release its second-quarter financial results Monday after…
Investor caution mounts as crypto market braces for a long lull
After so many ‘up and down’ cycles, cryptocurrencies now follow a clear pattern when they enter the bear market. While…
Blue Bird Q4 earnings miss amid high input costs; revenues beat
Blue Bird Corporation (BLBD), which designs and manufactures school buses, reported an increase in earnings for the fourth quarter when…
Broadcom stock jumps after Q4 results crush estimates
A further strong growth in demand across all the main business segments lifted Broadcom’s (AVGO) fourth-quarter earnings and revenues. Shares…
Fresh hope for Sears after chairman Eddie Lampert makes buyout offer
It surprised many when Eddie Lampert, chairman of embattled retailer Sears (SHLD), Thursday came up with a fresh offer to…
H&R Block stock drops after Q2 loss widens; revenues beat estimates
H&R Block (HRB) Thursday reported a wider net loss for the second quarter of 2019, owing to higher expenses and…