Market News
Uber and Lyft plan IPOs next year but their valuations are poles apart
Uber is preparing for an IPO that could happen in early 2019 and the proposals it received from Wall Street…
Twilio to purchase bulk email sender SendGrid for $2 billion
Twilio (TWLO) will acquire mass email sender SendGrid (SEND) in an all-stock transaction that is valued roughly at $2 billion.…
IBM falls 4% as revenue recovery falters in Q3; earnings beat
The persistent softness in the IBM’s (IBM) top-line performance worsened in the third quarter when revenues dropped and missed analysts’…
Google works on censored China search engine
Google (GOOGL) is in the early development stage on the censored China search engine as confirmed by executive chief Sundar…
Earnings Preview: P&G to walk a tightrope in Q1
Procter & Gamble (PG) is scheduled to announce first-quarter results on October 19 before the opening bell, amidst losing market share…
Walmart feels the pinch of Flipkart deal, sees softer earnings growth next year
Store operator Walmart (WMT) had encountered multiple challenges before making a full-fledged entry into the Indian market earlier this year.…
BlackRock stock falls on weak Q3 revenue
Asset manager BlackRock (BLK) reported a 29% jump in earnings for the third quarter helped by higher non-operating income and…
Domino’s stock tanks after Q3 sales, comps miss estimates
Revenues of Domino’s Pizza (DPZ) rose sharply in the third quarter but fell short of expectations, triggering a stock sell-off…
Cancer takes Seahawks owner and Microsoft co-founder Paul G. Allen
Microsoft co-founder Paul G. Allen passed away at 65. He had non-Hodgkin lymphoma. Apart from co-founding the tech giant, Allen…
Pharma, medical devices units to drive Abbott’s Q3 results
Healthcare giant Abbott Laboratories (ABT) is set to report third-quarter results on Wednesday at 7:45 am EDT. Analysts project earnings…