Market News
L Brands reports 8% jump in revenue; stock slips on weak guidance
The Columbus-based retailer L Brands (LB) reported a 7.7% increase in net sales, while earnings plunged almost 50% year-over-year to…
Will Comcast win the bidding battle against Disney and grab Fox’s assets?
Comcast (CMCSA) is engaging in a bidding war with Walt Disney (DIS) by proposing a higher, all-cash superior offer for…
Deutsche Bank looking to cut around 10,000 jobs
Deutsche Bank (DB) is planning to cut nearly 10,000 jobs as part of its efforts to reduce expenses. The job…
Apple may launch three iPhones with 7nm chip this year
Apple’s (AAPL) upcoming iPhone models this year would have an A12 chip with 7-nanometer design instead of the current 10-nanometer…
Many Americans unable to afford emergency expenses: Fed report
The Federal Reserve’s Report on the Economic Wellbeing of US Households in 2017 reveals that around 40% of Americans would…
Flickr updates user terms and privacy as ownership changes hands
With photography platform SmugMug agreeing to buy Flickr from erstwhile Yahoo!, Flickr users have until May 25 to agree to…
Red Robin shares tank 18% after insipid Q1 results
Restaurant chain Red Robin Gourmet Burgers (RRGB) saw its shares plunge 18% in the early hours of trading today, triggered…
Roche’s latest trials prove wider use of new drug Hemlibra
Just a month after picking an accelerated review by U.S. regulators for its new blockbuster drug Hemlibra, the Swiss drugmaker…
Surge in crude oil prices may spark a recession
A strong demand has been driving crude oil prices higher since last August, and many economists fear this could spark…