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Medtronic to acquire Mazor for $1.64 billion
Medtronic plc (MDT) has agreed to buy Mazor Robotics for $1.64 billion. The all-cash deal, which amounts to $29.25 per…
Trump tariffs find another victim in Micron, shares slide
Micron (MU) shares opened 5.5% in red during pre-market trading today after reporting market-beating fourth quarter results on Thursday. The…
Adobe to buy Marketo, defying Salesforce dominance
Adobe Systems (ADBE) has agreed to buy marketing software company Marketo for $4.75 billion. The largest ever deal for Adobe,…
Micron Q4 results crush estimates amid strong demand growth
Shares of Micron (MU) made strong gains Thursday after the chipmaker reported record high revenues for the fourth quarter, sending…
Volkswagen stops business with Iran
German carmaker Volkswagen will stop all business relations with Iran, following weeks of discussions with the Donald Trump administration, Bloomberg…
Thor beats Q4 revenue expectations; misses on earnings
Thor Industries Inc. (THO) surpassed market expectations on revenues for the fourth quarter of 2018 but missed on earnings. The…
Darden beats Q1 sales and earnings expectations; raises outlook
Darden Restaurants Inc. (DRI) topped analysts’ expectations on sales and earnings for the first quarter of 2019. Shares rose over…
Red Hat stock falls as Q2 revenue disappoints; earnings top estimates
Shares of Red Hat (RHT) fell sharply in the extended trading session Wednesday after the company posted below-consensus revenues for…
Tilray soars on CEO’s optimistic views on marijuana industry
Shares of marijuana producer Tilray (TLRY) skyrocketed over 50% during today’s morning trading session and the stock hit a fresh…
AutoNation’s rockstar CEO to step down
CEO Mike Jackson, under whose leadership AutoNation (AN) stock grew more than thrice, announced that he plans to step down…
Audi debuts e-tron electric SUV, defying Tesla Model X
Luxury carmaker Audi has finally launched the production version of the most-anticipated all-electric "e-tron quattro SUV". The company expects the…
General Mills Q1 earnings beat; stock falls on sales miss
Earnings of consumer food company General Mills (GIS) declined in the first quarter, but to a lower extent than predicted…
AutoZone stock dives after sales miss estimates
AutoZone Inc. (AZO) beat analysts' expectations on earnings for the fourth quarter of 2018 but sales missed market consensus causing…
FedEx misses Q1 profit estimates, stock slides
FedEx (FDX) reported a 40% jump in earnings for the first quarter helped by higher volumes, increased yields and a…
Hurricane Florence might not dent insurance industry as expected
While Hurricane Florence continues to batter the East Coast, latest updates suggest it might not hurt insurance firms as expected.…
Oracle stock falls on weak cloud business; earnings top estimates
Oracle’s (ORCL) strong earnings growth in the first quarter failed to amuse investors Monday when the company's below-consensus cloud revenues…
L Brands to cut down weight to improve profits
L Brands (LB) announced its plans to close all 23 of its Henri Bendel stores, along with the Henri Bendel…
Nio stock turns upward after IPO failure
Tesla's (TSLA) rival Nio Inc. (NIO) has set its foot in the US and the company's shares have taken the…
Volkswagen to kill Beetle next year
The American unit of German carmaker Volkswagen has decided to stop the global production of its iconic Beetle in July…