Market News
Facebook faces a fine of $1.63 billion for recent security breach
Facebook (FB) faces the possibility of a $1.63-billion fine in the European Union over its most recent security breach that…
John Flannery steps down as GE names new CEO and Chairman
General Electric (GE) appointed Lawrence Culp, Jr., the current board member of GE, as its new Chairman and CEO,…
Tesla soars amid SEC settlement and production optimism
Tesla Inc. (TSLA) seems to be recovering fast from its Friday fall after the settlement with the SEC and changes…
Companies reporting earnings this week: Oct 1-5
A few major companies are reporting earnings this week. HR and payroll services provider Paychex Inc. (PAYX) is set…
Musk finally concedes defeat, will step down as Tesla Chairman
Elon Musk has taken the U-turn and has given up his position as Chairman of Tesla (TSLA) after agreeing to…
Boeing bags $9.2 billion contract from the US Air Force
The US Air Force has selected Boeing (BA) for the T-X pilot training program that is valued up to $9.2…
Hacker on the prowl to ‘view’ FB profiles; 50 million users affected
Facebook (FB) has failed to keep its promise on the security front once again, indicating the efforts being made by…
Aceto stock plummets post disappointing earnings
Aceto Corporation (ACET) reported fourth quarter earnings that failed to meet analyst estimates, resulting in the stock dwindling about 8%…
Vail Resorts falls on revenue miss
Mountain resort company Vail Resorts (MTN) reported a wider loss in the fourth quarter, hurt by higher operating expenses. Though…
BlackBerry recovery gains steam; Q2 earnings beat estimates
The ongoing recovery of BlackBerry (BB), the once-thriving smartphone maker, gained momentum in the second quarter when the technology company…