Month: December 2018
GSK reorganization gains steam with Tesaro buyout, sale of Asia unit
The recent spate of cancer drugs securing FDA approval indicates that research and development in the area are progressing rapidly. So,…
New Age Beverages stock jumps after its announcement of $85-mln Morinda acquisition
New Age Beverages Corp. (Nasdaq: NBEV) acquires Tahitian Noni Juice maker Morinda Holdings for $85 million. The combined company would…
US-China trade truce brings temporary relief to automakers
The US and China agreed to a truce on their ongoing trade war for now. Both countries agreed to talk…
Trump effect and trade war: Retaliatory tariffs by the world on United States in 2018
Last week, we covered the Donald Trump effect on international trade with sanctions and tariffs by the United States on…
Finisar slips to loss in Q2 but beats estimates
Finisar Corp. (FNSR) slipped to a loss in the second quarter from a profit last year, due to lower revenues…
Tencent Music files for IPO today as trade war put on hold at G20 Summit
The music-streaming arm of Chinese conglomerate, Tencent, has been mulling public listing for some time, but the plans were getting delayed…
Companies reporting earnings this week: Dec 3 – 7
A slew of major companies are reporting earnings this week. Discount store chain Dollar General (DG) will announce third-quarter earnings…
Earnings Preview: AutoZone poised to beat Q1 estimates, defying cost pressure
AutoZone Inc. (AZO) is expected to announce its first-quarter results on December 4 before the market opens. Analysts predict that…
Smartsheet Q3 earnings preview: Customer growth rate likely to play a major role
Cloud-based solutions provider Smartsheet (SMAR) is slated to report its third quarter ending October 31 earnings results on Monday, December…