Business News
Walmart-Anthem deal a step forward in redesigning healthcare
After having developed its medical business successfully, Walmart (WMT) is exploring ways to come up with healthcare offerings that would…
Tyson Foods gets buff with $2.2-bn Keystone buyout
Meat manufacturer Tyson Foods Inc. (TSN) has been aggressively expanding its product portfolio in recent months through strategic acquisitions. Continuing…
Whopping $1.8-billion gaming revenue in Q2 fails to impress NVIDIA investors
NVIDIA Corp. (NVDA) Thursday posted a second-quarter revenue of $3.12 billion, with Gaming revenue contributing as much as $1.805 billion…
JD.com Q2 results miss estimates; stock falls
China-based online marketplace JD.com (JD) Thursday reported a wider net loss for the second quarter, adding to the woes of…
General Electric hits 9-year low amidst divestiture spree
Ever since General Electric (GE) embarked on a mammoth restructuring program last year, its market value has been declining at…
Constellation Brands looks to cannabis for a high, ups stake in Canopy
Wine and beer maker Constellation Brands (STZ) has been expanding its business in a spirited manner in the past few…
Earnings preview: Focus on gaming, datacenter ahead of Nvidia earnings
The semiconductor sector wrapped up the June quarter on a high note, except for a few misses, thriving on the…
Earnings preview: Muted sentiment towards tech sector weighs on JD.com
Most China-based tech firms are coming out with an unimpressive outlook for their upcoming fiscal quarters while posting muted results…
Cola wars get a new fizz as Coca-Cola buys stake in BodyArmor
There is hardly anything that the world’s biggest soft drink makers have not tried to outsmart each other in the…
Tapestry stock jumps as Q4 results beat estimates
A strong performance by the leading brands pushed up Tapestry’s (TPR) revenues and earnings in the fourth quarter, which exceeded…
Citi Cards chief Jud Linville steps down amid reorganization
Banking behemoth Citigroup (C) has embarked on a reorganization to ‘harmonize’ its global consumer banking businesses. As part of the…
Earnings preview: Tapestry set to come out with flying colors once again
The fact that Tapestry (TPR) managed to stay consistent in the highly competitive and crowded retail sector makes the stock…
Small ad firms choke under pressure from Google, Facebook
The freewheeling market share expansion of internet companies Facebook (FB) and Google (GOOGL, GOOG) often gives the impression that the…
More assets on sale as General Electric sets out to grow by shrinking
The pace at which General Electric (GE) has been trimming assets gives the impression that its goal of getting back…
Ex-employees slam Nike for harassment, file class-action suit
At a time when workers are becoming increasingly aware of their rights, be it workplace behavior or wages, one company…
Microchip Q1 earnings beat street view; stock falls on weak guidance
Revenues of semiconductor firm Microchip Technology (MCHP) rose sharply in the first quarter aided by strong demand for its flagship…
Tribune-Sinclair merger falls flat amid regulatory intervention
An attempt by two leading media firms to join the consolidation wave sweeping the industry failed this week, days after…
Mars trek nears reality as Boeing, SpaceX aim for the sky
Whenever companies engage in healthy competition and try to outsmart each other, they continuously come under the scrutiny of the…
Roku moves closer to profitability; stock jumps 8% on Q2 beat
Continuing the strong momentum that started after going public nearly a year ago, Roku (ROKU) emerged from the negative territory…
Trade war: Fresh Chinese tariffs dim hopes for near-term resolution
The trade standoff between Washington and Beijing seems to be escalating into an intense economic warfare. The immediate effect of…
Now, Amazon woos shoppers with 30-minute grocery pickup
After ramping up its grocery offerings through the acquisition of Whole Foods last year, Amazon (AMZN) has been striving hard…