Market News
Jabil Circuit Q4 earnings top estimates; stock gains
Jabil Circuit Inc. (JBL) reported a moderate increase in earnings for the fourth quarter when revenues gained sharply helped by…
Data alliance of tech giants sets the tone for new cloud culture
It may sound contradicting that enterprises across the world are moving their sensitive business data to cloud, at the same…
Danaos stock dips on weak Q2 results
Danaos Corp. (DAC) reported a 71% dip in earnings for the second quarter due to an increase in refinancing-related professional…
Ascena Q4 results crush street view; stock surges
Benefiting from strong demand growth across the board, especially for the LOFT brand, Ascena Retail (ASNA) turned to profit in…
General Electric loses power to hot 9-year low
General Electric (GE) stock opened lower on Monday and went on to touch a new yearly low of $11.60, which…
Michael Kors to continue shopping spree with Versace, after Jimmy Choo
Luxury handbag retailer Michael Kors (KORS) is reportedly looking to acquire Italian luxury brand Versace for around $2 billion. There…
Amarin shares pump up on positive results from cardiovascular study
Amarin Corporation (AMRN) announced positive results from a clinical study in which Vascepa, an EPA drug, was used to treat…
Comcast gets ready to welcome Sky into the family
Bringing a long-drawn saga almost to an end, Comcast Corp. (CMCSA) outbid 21st Century Fox (FOXA) for the ownership of…
Pandora to be acquired by SiriusXM to create audio entertainment giant
Satellite radio company Sirius XM Holdings Inc. (SIRI) has agreed to buy music streaming service Pandora Media Inc. (P) for…
Duke Energy operations hit by coal ash on NC river
Operations at Duke Energy (DUK) were hit by Hurricane Florence as well as a dam breach near one of its…