Market News
GE employee steals confidential files, hides them in a picture of sunset
General Electric Company (GE) received a rude shock after one of its employees was arrested for stealing confidential information. Chinese-American…
Oil price: Uncertainties rife in the long-term
Oil prices saw an initial drop before steadying on Friday while long-term factors point to further pressures in the market.…
Kraft Heinz stock jumps as Q2 results beat street view
An uptick in overseas sales pushed up Kraft Heinz’ (KHC) adjusted earnings in the second quarter, which also came in…
CBS stock fumbles despite solid Q2 results
Just a couple of days after the CBS board ordered an investigation against the CEO Les Moonves, the company reported…
Carl Icahn opposes planned merger of Cigna and Express Scripts
Billionaire activist investor Carl Icahn has taken a sizable stake in health insurer Cigna (CI) and plans to vote against…
Brookstone files for second bankruptcy in four years
For the second time in the past four years, retail chain Brookstone has filed for Chapter 11 bankruptcy due to…
MILESTONE: Apple is the first trillion dollar US company!
Thursday marked the first time a US company achieved the milestone of $1,000,000,000,000 market cap. As Apple (AAPL) shares soared…
Bleak comp sales adulterate Yum! Brands’ Q2 earnings beat as stock drops
Multi-brand fast-food chain Yum! Brands (YUM) reported better-than-expected earnings for the second quarter as the continuing global expansion boosted sales.…
The Kellogg Co posts wholesome quarterly profit jump
The Kellogg Co (K) posted a whopping 111% jump in earnings for the second quarter as key businesses and brands…