Business News
British penalty in data case raises fresh questions about Uber’s integrity
The last thing Uber wants ahead of its much-awaited IPO is new controversies, especially at a time when the ride-hailing…
Hibbett Sports stock plummets on Q3 earnings miss, weak guidance
Shares of Hibbett Sports (HIBB) fell sharply after it reported lower-than-expected earnings and net sales for the third quarter, hurt…
New approval system may shake up medical device industry
Despite the vital role medical devices play in the diagnostic process, issues related to their quality often get buried under…
Paychex boosts HR outsourcing profile through Oasis buyout
Paychex (PAYX) is better equipped than most other Wall Street firms when it comes to initiating expansion programs, thanks to…
Recovery hopes brighten as Campbell Soup nears deal with Third Point
The future of Campbell Soup Company (CPB) has been hanging in the balance for several months now amidst pressure from…
Earnings Preview: Salesforce to stay high in Q3 on cloud power
A research report recently revealed that Salesforce (CRM) has been consistently outperforming its peers in the cloud business, and has found…
Earnings preview: Weak outlook makes Dick’s Sporting a risky bet ahead of Q3 report
Dick’s Sporting Goods (DKS) is probably heading for a weak holiday season, with sales being dragged by softening demand for…
Mastercard, Visa slip after decision to cut controversial fees in EU
Every year, retail merchants witness a sharp increase in the number of electronic transactions during holiday shopping, a trend that…
Facebook says UK data was not shared; appeals fine in Cambridge Analytica case
The infamous Cambridge Analytica data-breach case took a new turn this week after Facebook (FB) defended the charges leveled by…
Data security slip-up casts shadow over Amazon’s holiday sales
The social media was abuzz with messages shared by Amazon (AMZN) customers about the exposure of their personal information on…
Retail sector may be heading to a dry holiday season
The run-up to the holiday season has never been so disappointing for the retail industry, with lackluster financial performance and…
Micron remains a hot pick amid deepening bearish sentiment
Tuesday was a bad day for chip stocks, when some of the key developments in the sector had a negative…
Medtronic stock gains on strong Q2 results, guidance
Aided by the impressive performance of its key business segments, medical device maker Medtronic (MDT) reported a 6% increase in…
Strong B2B sales boost Analog Devices Q4 results; stock gains
Earnings and revenues of chipmaker Analog Devices (ADI) climbed to a record high and exceeded forecast in the fourth quarter,…
Apple stock selloff after production cut shows iPhone buzz is fading
The Apple (AAPL) management has probably got carried away by the success of iPhone, and nowadays the launch events are coming…
Urban Outfitters Q3 results beat amidst strong comp sales; stock spikes
Specialty retailer Urban Outfitters (URBN) Monday said its earnings increased sharply in the third quarter, helped by broad-based comparable sales…
GE takes ‘power’ rejig to next level with new leadership team
General Electric (GE), the troubled industrial giant that has long been on a restructuring spree, seems to be trying new…
BlackBerry’s cybersecurity push to get a fillip from Cylance buyout
BlackBerry (BB) is currently going through a crucial phase of its transition from a device-maker to a software services provider,…
Goldman Sachs defends 1MDB fraud charges, passes buck to ‘rogue’ staff
Giving a new twist to the controversy surrounding its involvement in the infamous 1Malaysia Development Berhad scandal, Goldman Sachs (GS)…
Nvidia stock falls on Q3 revenue miss, weak guidance
Earnings of semiconductor giant Nvidia Corp. (NVDA) surged and topped estimates in the third quarter of 2019 when all the…