Market News
Starbucks shows the door to its 350 Seattle employees
Starbucks (SBUX) plans to axe its 5% of corporate employees, which includes some senior executives. This layoff would impact around…
Johnson Controls stock jumps on $13.2-billion divestment
Johnson Controls International Plc (JCI) saw its stock jump on Nov 14 after it announced it would sell its car…
GE’s stock soars on plan to sell $4 billion stake in Baker Hughes
General Electric Co.’s (GE) shares soared in afternoon trade on Tuesday after the company announced plans to sell a portion…
Talent acquisition, accessibility key benefits when Amazon moves into dual HQ2
One of the famous quotes by Amazon (AMZN) chief Jeff Bezos goes like this: What’s dangerous is not to evolve.…
Boeing delivers more aircraft in October, but stock slips
Boeing Co (BA) announced that in October, the aircraft maker delivered 43 737 single-aisle aircraft. The growing jet market fueled…
Softbank pours another $3 billion into WeWork
New York-based WeWork said it will receive $3 billion in funding, in yet another investment from its already biggest financier…
Vodafone rises on cost-cutting steps and unchanged dividend despite posting a loss
British telecom major Vodafone Group (Nasdaq: VOD, LSE: VOD.L) reported a loss of EUR7.8 billion for the six months ended…
Setback for Walmart as CEO of Flipkart quits over “personal misconduct”
In a major setback to Walmart’s (WMT) Indian operations, the CEO of its recently purchased unit Flipkart has stepped down…
With iPhone hype reaching its peak, Apple needs a reality check
The changing order trends at Apple’s (AAPL) component suppliers often trigger speculations about the health of the tech giant’s product…
Cronos reports loss in 3Q despite strong revenue growth
Cannabis producer Cronos Group (CRON) revenues jumped 186% to CAD3.76 million for the third quarter 2018, aided by strong sales…