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Amazon ‘stealing’ eBay sellers?
While expanding its reach to new markets across the world, Amazon (AMZN) also evolved as the preferred selling platform for…
Honda and General Motors join hands to build a new self-driving vehicle
General Motors (GM) and its subsidiary Cruise reported that they have a formed a partnership with Honda Motors (HMC) to…
Homebuilding, CalAtlantic merger boost Lennar’s Q3 results
Real estate firm Lennar Corp. (LEN) reported an increase in third-quarter earnings as strong homebuilding operations and contributions from the…
JCPenney appoints Jill Soltau as CEO
JCPenney (JCP) announced today that Jill Soltau will be the new CEO effective October 15, 2018. Solatu comes with more…
Renault unveils cheaper all-electric crossover
French automaker Renault has unveiled a new and cheaper all-electric crossover, the Renault K-ZE, as well as three autonomous electric…
Tesla reports Q3 vehicle production and delivery numbers
Tesla (TSLA) delivered 83,500 vehicles and produced 80,142 vehicles during the third quarter ended September 30, 2018, the company announced…
PepsiCo tops Q3 revenue and earnings estimates; updates outlook
PepsiCo Inc. (PEP) beat market estimates on revenue and earnings for the third quarter of 2018. Despite the positive results,…
Pfizer’s long-time CEO Ian Read to hand over reins to Albert Bourla
There were announcements from two giant companies in different sectors about the change in their CEOs Monday morning; pharma giant…
Facebook faces a fine of $1.63 billion for recent security breach
Facebook (FB) faces the possibility of a $1.63-billion fine in the European Union over its most recent security breach that…
John Flannery steps down as GE names new CEO and Chairman
General Electric (GE) appointed Lawrence Culp, Jr., the current board member of GE, as its new Chairman and CEO,…
Tesla soars amid SEC settlement and production optimism
Tesla Inc. (TSLA) seems to be recovering fast from its Friday fall after the settlement with the SEC and changes…
Musk finally concedes defeat, will step down as Tesla Chairman
Elon Musk has taken the U-turn and has given up his position as Chairman of Tesla (TSLA) after agreeing to…
Tesla and Facebook – Birds of the same feather
Tesla (TSLA) and Facebook (FB) are birds of the same feather. Both have been meddled with controversies and lawsuits and…
Boeing bags $9.2 billion contract from the US Air Force
The US Air Force has selected Boeing (BA) for the T-X pilot training program that is valued up to $9.2…
Hacker on the prowl to ‘view’ FB profiles; 50 million users affected
Facebook (FB) has failed to keep its promise on the security front once again, indicating the efforts being made by…
Opinion: SEC should tame Elon Musk, not thwart him!
In 1985, when Steve Jobs was shown the door, hardly anyone appreciated the visionary in him. Three decades later, Elon…
BlackBerry recovery gains steam; Q2 earnings beat estimates
The ongoing recovery of BlackBerry (BB), the once-thriving smartphone maker, gained momentum in the second quarter when the technology company…
Ford drives into e-truck space with F-Vision concept
Posing stiff competition to Tesla (TSLA), carmaker Ford (F) is venturing into the e-truck industry with its autonomous electric truck…
Carnival Corp sinks on weak Q4 outlook
Carnival Corporation (CCL/CUK) reported a 28% jump in earnings for the third quarter, as streamlined operations offset fuel and currency…
Rite Aid stock climbs after Q2 revenues surpass expectations
Rite Aid Corporation (RAD) met analysts’ expectations on earnings and topped them on revenues for the second quarter of 2019.…
Accenture Q4 earnings beat street view; hikes dividend by 10%
Sustained demand for digital and cloud products pushed up Accenture’s (CAN) revenues in the fourth quarter. As a result, earnings…