Market News
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…
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…
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…
Earnings preview: Costs likely to hurt Levi Strauss (LEVI) in Q3
Denim specialist Levi Strauss & Co. (NYSE: LEVI) is set to release its third-quarter earnings results on Tuesday, October 8,…
Costco Wholesale Q4 profit rises 5% but misses estimates
Costco Wholesale Corporation (NASDAQ: COST) reported a 5% rise in earnings for the fourth quarter of 2019 as higher merchandise…
Smart Global stock gets slammed on Q4 earnings and sales miss; provides dismal outlook
Shares of Smart Global Holdings (NASDAQ: SGH) plunged about 15% after the company missed earnings and sales estimates for the…