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Market News

Bill Gates on cryptocurrency, Hyperloop and some more

When the world’s second richest man has something to say, you may want to listen.  Microsoft co-founder Bill Gates shared…

P&G trimmed $200 million in digital ad costs last year

Procter & Gamble (PG), the world’s biggest marketer, last year raised a few eyebrows after it highlighted how broken and…

Verizon, Straight Path pay massive FCC fine

Verizon and Straight Path Communications paid a $614.3 million fine to the Federal Communications Commission (FCC). The FCC had accused…

Foot Locker Q4 2017 earnings snapshot

Athletic footwear and apparel retailer Foot Locker (FL) reported a loss of $49 million in the fourth quarter. The company’s…

Sinclair inches closer to Tribune deal

The much debated Sinclair-Tribune deal is now inching closer to its final stage. According to the latest update, the takeover…

Sky, Netflix fire viewers’ imagination with all-in-one bundle pack

Television buffs in Europe couldn’t have asked for more! On the heels of Comcast’s surprise offer to buy the majority…

Dick’s Sporting Goods vows stringent curbs on firearm sale

Even as the need for proper legislation to control gun sales is vehemently debated on various forums, one more firm…

American Outdoor Brands Corp. Q3 2018 earnings snapshot

Firearms manufacturer American Outdoor Brands (AOBC) reported a plunge in top and bottom line results for the third quarter of…

Gap Inc. Q4 2017 earnings results

Gap’s sales increased 9% to $4.8 billion in the quarter with US contributing 80% to sales, helped by strong holiday…

Loss-making Spotify looks for a turnaround through IPO

It is a rarity in the financial markets that a company goes public after it climbs the growth ladder high…