Month: October 2019
Softbank’s hopes are now pinned on this rapid-growth “WeWork-like” unicorn
It’s been a pretty rough year so far for Japanese conglomerate Softbank, which invests primarily in technology firms around the…
General Electric to freeze pension plans to cut down debt
General Electric (NYSE: GE) has announced three key strategic decisions related to its US retirement benefits in order to reduce…
Pfenex shares shoot up on getting FDA approval for its osteoporosis drug
Shares of Pfenex (NYSE: PFNX) jumped over 15% in today’s pre-market trading session as the clinical-stage biotech company received approval…
HSBC to cut 10,000 jobs to reduce expenses
HSBC (NYSE: HSBC) is undertaking cost-cutting initiatives that could result in the reduction of up to 10,000 jobs. According to…
Can beer companies expect new fizz from their cannabis ventures?
The beer business is an area that usually remains unaffected by the general ups and downs of the market as…
Blue Apron shows signs of recovery amid business model concerns
Blue Apron Holdings (NYSE: APRN) stock is showing signs of recovery after experiencing the record low in June end. The…
Earnings preview: Delta Air Lines headed for a mixed Q3
Delta Air Lines (NYSE: DAL) this week lost significant market value after the company issued third-quarter guidance that fell short…
Companies that announced major restructurings in 2019
A slew of companies have announced major corporate restructurings to streamline operations and cut costs. Restructurings are often accompanied by…