Business News
Powered by cloud, Adobe is set for a repeat performance
Adobe Systems (ADBE) has a history of delivering positive earnings surprises, and the recent quarters were no exception. When the…
FDA puts the heat on e-cig makers to curb teen vaping
The e-cigarette market witnessed a phenomenal growth mainly because the concept was popularized in a convincing manner. While many wannabe…
Micron crumbles on rating downgrade amid looming correction
The softening demand for memory chips has been a cause for concern among semiconductor companies for some time. Adding to…
Boeing goes the extra mile as orders for 737 soar
The outlook for the aviation industry has never been so bullish, with companies thriving on the growing travel needs of…
Alibaba deepens digital footprint in Russia with local tie-ups
At a time when the online marketplace is nearing saturation in terms of innovation, Alibaba (BABA) is taking things to…
Tesla looks to tackle production woes with lesser paint options
Tesla (TSLA) regained some lost ground this week, ending yet another phase of value erosion, after investors responded positively to…
Fresh trouble brews as Campbell Soup investors seek to change board
The simmering discontent among Campbell Soup’s (CPB) shareholders, over weakening profitability and mounting costs, aggravated after the company came up…
Verizon’s media arm suffers a fresh blow from CEO Armstrong’s exit
When Verizon (VZ) chose to christen its media and advertising arm as Oath – which houses struggling tech brands AOL…
Apple Music hits a high note after Shazam buyout gets EU nod
Apple (AAPL) this week received the green signal from European regulators to go ahead with its planned acquisition of Shazam,…
Citi rebuilding gathers steam; investment banking gets a facelift
The corporate and investment banking division of Citigroup (C) will soon cease to exist as an independent unit. According to…
Dell Q2 revenues rise 17%; lifts full-year guidance
Revenues of Dell Technologies (DVMT) increased sharply in the second quarter amidst aggressive efforts to take the company public again.…
SecureWorks stock rallies on improved Q2 results, guidance
SecureWorks (SCWX), a leading cybersecurity solutions provider, Wednesday said its second-quarter net loss narrowed, helped by strong revenue growth. The…
Now, Amazon joins Apple in the $1-trillion club
Just about a month after Apple (AAPL) created history by lifting its market cap to $1 trillion, e-commerce giant Amazon…
Verizon stock sinks on ratings downgrade amid valuation concerns
In what could be a cause for worry for new CEO Hans Vestberg, Verizon suffered a double whammy Tuesday after…
United Therapeutics, MannKind to co-develop pulmonary hypertension drug
The healthcare sector this week witnessed yet another instance of two companies coming together to find therapeutic solution for a…
The show’s just beginning for the video streaming industry
Until a few years ago, digital video streaming was synonymous with the company that successfully pioneered the service – Netflix…
BlackRock joins Tesla shareholders to remove Musk as chairman
It seems a significant chunk of the shareholders of electric carmaker Tesla (TSLA) find Elon Musk’s innovative and sometimes unconventional…
Google might be following you to your neighborhood stores
Despite being lucrative, the online ad business has its share of uncertainties, and Google (GOOG) knows it better than any…
Stock sinks after EA delays Battlefield V launch
With competition mounting in the gaming industry, especially after the blockbuster entry of Fortnite, developers and publishers are busy revising…
Wells Fargo employees face action for doctoring dinner receipts
Financial services giant Wells Fargo (WFC) has found itself in the center of yet another scandal involving its employees this…