Del Frisco’s acquires Barteca for $325 mln to spice up brand portfolio
After registering downbeat comparable sales and profit at the beginning of the fiscal year, steakhouse restaurant chain Del Frisco's Restaurant…
Tariff drags Chinese imports; US govt demands $200 bln cut in trade deficit
Continuing its trade offensive against China, the Trump administration has asked Beijing to further reduce export of Chinese commodities to…
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…