Month: May 2018
Cognizant posts upbeat revenue in the first quarter
With a 10.3% rise in revenues of $3.91 billion, Cognizant Technology Solutions (CTSH) beat Street estimates in the first quarter…
Former Volkswagen CEO indicted over emissions scandal
The US Justice Department indicted Volkswagen’s former CEO Martin Winterkorn for conspiring with fellow executives to cover up the diesel…
Flipkart deal will pitch Walmart against Amazon in India
Walmart’s (WMT) global expansion plans just received a major boost with the board of India-based e-commerce major Flipkart agreeing to…
Newell starts shedding flab, divests packaging business Waddington
In what could be the beginning of a comprehensive corporate restructuring, consumer products maker Newell Brands (NWL) has decided to…
Elon Musk clarifies on his ‘surreal’ earnings call performance
Two days ago, Tesla Inc. (TSLA) reported a huge quarterly loss, and then CEO Elon Musk went on to do…
Ionis Pharmaceuticals reports first quarter 2018 results
Ionis Pharmaceuticals Inc. (IONS) reported total revenues of $144 million for the first quarter of 2018, an increase of 25%…
Fred reports fourth quarter loss of 62 cents
Drugstore retailer Fred Inc. (FRED) that was due to report the fourth quarter earnings on April 18, postponed the release…
Celgene posts upbeat Q1 results on multiple myeloma drug
U.S. biotechnology company Celgene (CELG) reported better-than-expected first quarter results, as its flagship drug for multiple myeloma continued to increase…