Market News
GE to get rid of consumer lighting business as cash crunch escalates
Engineering giant General Electric (GE) has been on a divestiture spree, in an effort to revitalize its balance sheet. On…
Elon Musk’s SpaceX looks to a $750-million leveraged loan
Tesla (TSLA) sibling and Elon Musk’s space exploration company, SpaceX, is planning to seek a leveraged loan of $750 million,…
Earnings Preview: Will Marvel and ESPN+ add to Disney’s might in Q4?
Media and entertainment conglomerate The Walt Disney Company (DIS) will report its fourth-quarter fiscal 2018 results on Thursday, Nov 8.…
Mallinckrodt soars 10% on strong Q3
Pharmaceutical company Mallinckrodt plc (MNK) Tuesday reported third-quarter results that topped analysts’ estimates, sending its shares up 10% during pre-market…
Ralph Lauren Q2 profit rises 18%, beats estimates
Premium lifestyle products manufacturer Ralph Lauren Corp. (RL) reversed the lower revenue trend that it faced for more than three…
Marriott International stock falls on weak Q3 top line
Marriott International (MAR) reported a 0.4% decline in earnings for the third quarter as higher costs and expenses partially offset…
Sysco Q1 profit jumps 17.2% but misses estimates
Sysco Corp. (SYY) reported a 17.2% jump in earnings for the first quarter helped by lower income taxes as well…
Diamond Offshore posts smaller than expected Q3 loss
Diamond Offshore Drilling Inc. (DO) slipped to a loss in the third quarter from a profit last year, due to…
Verizon plans to revamp its units: Oath becomes separate segment
Carrier giant Verizon Communications Inc (VZ) announced plans to reorganize its business segments to just three — Consumer, Business and…
Companies reporting earnings this week: Nov 5-9
A slew of major companies are reporting earnings this week. Generic drugmaker Mylan Inc. (MYL) will announce third-quarter earnings on…