Month: May 2018
JC Penney stock drops on weak quarterly performance and outlook
The department store chain J. C. Penney Company (JCP) reported a narrower loss in the first quarter helped by lower…
Walmart earnings gain from e-commerce push, top Street view
Walmart’s (WMT) efforts to revitalize its e-commerce business yielded the desired results in the first quarter when earnings rose sharply…
Jack in the Box reports disappointing 2Q results
Jack in the Box (JACK) second quarter results failed to meet Street estimates. The company reported its results Wednesday after…
Cisco reports earnings and revenue beat for Q3
Networking company Cisco (CSCO), which reported revenue growth for the first time in a couple of years last quarter, continued…
Line between telecom and media is already starting to blur
Telecommunications and media are probably the two sectors that benefitted the most from President Donald Trump’s new industrial policy. The…
Googlers say no to Project Maven
Google, a unit of Alphabet (GOOGL), has been facing stiff opposition from thousands of its employees over its drone contract…
Zoetis expands into veterinary diagnostics arena by acquiring Abaxis
Zoetis Inc. (ZTS), a former subsidiary of Pfizer (PFE), has agreed to acquire Abaxis Inc. (ABAX) for close to $2…
Verizon to launch fixed 5G services in Los Angeles by year-end
The 5G race is on as the wireless operators are battling for rights to be the first in the market.…