Market News
Goldman Sachs may name long-term executive David Solomon as CEO
Goldman Sachs Group (GS) has reportedly identified president and chief operating officer David Solomon as successor to Lloyd Blankfein, who…
McDonald’s is the latest company to issue recall over CDC’s complaint
The foodborne illness outbreak related to the popular fast-food chain McDonald’s (MCD) has been in news since May. And now…
IBM earnings preview: the Cloud might rain profits
IBM (IBM) is predicted to report its earnings after the market close on Wednesday. Most of the analysts are looking…
China’s trade surplus with US hits all-time high as tariffs backfire
When the trade standoff between the world’s largest economies intensified in recent weeks, market watchers had cautioned that a further…
Microsoft calls for stricter regulation of face recognition tech
Microsoft (MSFT) has always upheld certain principles while carving a niche for itself in the tech industry, and one of…
Intel nabs custom chipmaker eASIC
Intel (INTC) is securing its dominant position as a chipmaker with a new deal. The Santa Clara- based company has…
DOJ unwilling to let go, plans appeal against AT&T-Time Warner deal
The US Department of Justice will appeal against the approval of AT&T’s (T) acquisition of Time Warner (TWX). Following a…
Infosys misses Q1 earnings estimates; maintains FY19 outlook
Software services company Infosys (INFY) reported a marginal decline in its earnings for the first quarter of 2019, missing the…
It’s a whopping $4.7 billion penalty for Johnson & Johnson in talcum powder case!
Johnson & Johnson (JNJ) has been asked to pay a fine of close to $4.7 billion in a lawsuit filed…