Month: February 2019
Devon Energy’s stock rallies over 8% on asset sales and cost reduction plans
Devon Energy Corp.’s (DVN) stock jumped 8.8% during mid-day trade on Wednesday after the company laid out its transformation plans,…
Kandi Technologies adds to America’s EV lineup, shares jump 40%
Making a late entry into the highly competitive US electric vehicle market is Chinese firm Kandi Technologies (KNDI). The Zhejiang-based…
iQiyi a.k.a China’s Netflix to post Q4 earnings on Feb 21
iQiyi (IQ), the video streaming arm of Chinese major Baidu (BIDU), had opened to enthusiastic response when it started trading…
Rating downgrade adds to woes of Southwest Airlines; stock falls
Southwest Airlines (LUV) suffered a double whammy this week when a rating downgrade by Goldman Sachs deepened the setback caused…
5G deployment boosts Analog Devices Q1 results
Chipmaker Analog Devices (ADI) reported a 21% jump in earnings for the first quarter helped by lower costs and expenses…
Aurora Cannabis shuffles its board of directors
Aurora Cannabis (ACB) on Wednesday announced the shuffle to its board of directors for aligning the directors’ experience and expertise…
CVS Health reports mixed Q4 results; stock falls over 7%
CVS Health Corporation (CVS) reported better-than-expected earnings for the fourth quarter of 2018 but revenue fell short of estimates, sending…
Earnings preview: Challenges galore as Baidu braces for a weak Q4
The Chinese tech industry is probably on the threshold of a paradigm shift, with new equations emerging amid growing competition.…
LendingClub Q4 loss narrows but misses estimates
Online lender LendingClub Corporation (LC) reported a narrower loss in the fourth quarter helped by a decline in expenses related…