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Month: December 2019

Darden Restaurants (DRI) might be facing a temporary slowdown. Here’s why

When Darden Restaurants (NYSE: DRI) recently said it continues to expect a slowdown in full-year comparable restaurant sales, the statement…

Comcast (CMCSA) picks up momentum as Xumo buyout talks spur optimism

Comcast’s (NASDAQ: CMCSA) ongoing rally gathered steam amid reports of the company pursuing the acquisition of streaming service Xumo. The…

Will Rite Aid (RAD) stock soar in 2020 from its yearly high?

Rite Aid Corporation (NYSE: RAD) stock soared to a yearly high of $20.38 on Friday as investors were positive about…

Top five merger and acquisition deals of 2019

Every year has its share of mergers and acquisitions and 2019 was no different. Several prominent companies announced their decision…

VMware (VMW) expands cloud portfolio with Pivotal Software acquisition

Continuing the expansion spree, enterprise software firm VMware (NYSE: VMW) on Monday completed the acquisition of cloud services provider Pivotal…

Can AT&T (T) achieve its growth goals on the strength of 5G?

AT&T (NYSE: T) managed to regain a major part of its lost market cap in 2019, but it was a…

Nio reports better-than-expected results for Q3

Nio Inc. (NYSE: NIO) beat revenue estimates and reported a narrower-than-expected loss for the third quarter of 2019, sending the…

Slack Technologies (WORK) stock nears record low on future concerns

Slack Technologies Inc. (NYSE: WORK) stock has fallen over 43% since its initial public offering on June 20, 2019. The…

Will 2020 turn out better for GameStop?

GameStop Corp. (NYSE: GME) had a disappointing year in 2019 with sales declines both on a consolidated basis and across…

Spotify (SPOT) to suspend political ads for select services from next year

Music streaming platform Spotify (NYSE: SPOT) Friday said it would suspend political advertisements for certain services from next year, thereby…