Market News
Activist investor wants Campbell Soup sale, but who will buy?
Dan Loeb, manager of Third Point hedge fund, along with another shareholder is pushing for the sale of Campbell Soup…
Intel stock drops after downgrade by Goldman Sachs
Intel’s (INTC) pioneering chip-making technology, which has been an inspiration for several emerging semiconductor companies, seems to have lost some…
Universal Display’s stock surges nearly 9% on Q2 earnings beat
Universal Display (OLED) reported its second quarter results today after the bell. The company’s shares surged nearly 9% in the…
YouTube is becoming the new American favorite versus Facebook
Facebook’s (FB) web traffic has nearly halved over the past two years and YouTube is all set to occupy Facebook’s…
Microchip Q1 earnings beat street view; stock falls on weak guidance
Revenues of semiconductor firm Microchip Technology (MCHP) rose sharply in the first quarter aided by strong demand for its flagship…
JCPenney aims to capitalize on Babies R Us closure
JCPenney (JCP) may be struggling to stay relevant in a difficult retail environment, but the closure of Babies R Us…
IPO fears send Albertsons, Rite Aid apart
Rite Aid (RAD) and have Albertsons decided to terminate their $24 billion merger agreement due to stiff opposition from investors…
The first holographic smartphone is getting delayed
According to the latest reports, the most eagerly awaited Google (GOOGL) Android offering of the year, the Red Hydrogen One,…
Tribune-Sinclair merger falls flat amid regulatory intervention
An attempt by two leading media firms to join the consolidation wave sweeping the industry failed this week, days after…
Boeing’s Q3 deliveries to be hit as suppliers struggle with rising demand
On a visit to Boeing’s (BA) assembly plant in Renton, you would be amazed to find a large number of…