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IBM stock rallies on upbeat guidance; Q4 results beat estimates
Shares of International Business Machines (IBM) rose sharply Tuesday after the management issued stronger than expected earnings guidance for fiscal…
Financial giant Morgan Stanley posts Q4 earnings below market expectations
Volatile global market environment pushed fourth-quarter revenue and profit of Morgan Stanley (MS) below Street expectations, as the financial giant reported…
Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing
After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…
Nissan might sue ousted chairman Carlos Ghosn
Renault SA chief and former Nissan Motor Co chairman Carlos Ghosn might be facing a civil suit from the carmaker…
BlackRock earnings fall short of estimates in the fourth quarter
BlackRock, Inc. (BLK) on Wednesday reported underwhelming financial results for the three months ended December 31, 2018, before the market…
JPMorgan beats estimates on Q4 revenues but misses on earnings
JPMorgan Chase & Company (JPM) reported better-than-expected revenues for the fourth quarter of 2018 but missed estimates on earnings. The…
Earnings preview: Weakness in trading business may drag Goldman’s Q4 results
For most financial service companies, which are reporting their latest quarterly results, the main concern is the ongoing softness in…
Archer Daniels Midland buys Florida Chemical from Flotek Industries
Flotek Industries, Inc. (FTK) on Friday announced its plan to sell its unit Florida Chemical Company to Archer Daniels Midland…
Infosys Q3 revenue beats estimates; earnings miss
Infosys (INFY) reported better-than-expected revenues for the third quarter of 2019 while earnings came in shy of estimates. The stock…
Relief for Sears after chairman’s buyout bid gets court nod
The uncertainty over the fate of embattled retailer Sears Holdings (SHLD) eased slightly Tuesday after a bankruptcy judge allowed hedge…
AZZ Inc. beats estimates on Q3 sales but misses on earnings
AZZ Inc. (AZZ) topped market estimates on revenue for the third quarter of 2019 but missed expectations on earnings. The…
Delta stock falls sharply after disappointing revenue outlook
The unimpressive revenue guidance issued by Delta Air Lines (DAL) Thursday and the negative market reaction to the report reflect…
Cambrex Corp. completes acquisition of Avista Pharma solutions
Life sciences company Cambrex Corp. (CBM) Wednesday completed its previously announced acquisition of Avista Pharma Solutions, a biotech firm engaged…
SpaceX to raise $500-million funding from its existing shareholders and a Tesla investor
Elon Musk’s SpaceX is ready to raise $500 million through funding, making the rocket company’s valuation increase to $30.5 billion,…
P&G expands beauty portfolio with acquisition of Walker & Co.
In a move aimed at better serving African-Americans, Procter & Gamble (PG) has acquired Walker & Co., a Silicon Valley…
Under Armour falls after weak outlook dampens investor sentiment
The writing on the wall was clear when sports apparel maker Under Armour (UA) predicted a few months ago that…
Miami’s iAero Group buys airline charter business Swift Air
iAero Group announced that it would buy the largest, independent airline charter business in the US, Swift Air, for an…
Volvo to introduce all-electric trucks in California next year
Swedish autogiant Volvo announced Wednesday that it will introduce all-electric Volvo VNR regional-haul trucks in California next year, operating in…
Google CEO Sundar Pichai tells Congress his side of the story
After Facebook (FB), it was pal Google’s turn to face Congress. The Alphabet (GOOGL) subsidiary’s CEO, Sundar Pichai, testified before…
Rumors of Amazon takeover sends Morrisons stock on bull run
Rumors of US e-commerce giant Amazon (AMZN) possibly floating a takeover bid for UK's fourth largest supermarket chain WM Morrisons…