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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…
Bed Bath and Beyond sinks on weak comps, earnings miss
Bed Bath and Beyond (BBBY) once again disappointed investors this week by reporting dismal results for the second quarter, marked…
Oppenheimer bullish on GoPro after HERO7 launches
GoPro (GPRO) has a new growth strategy and Oppenheimer seems optimistic about it. An analyst at the firm has changed…
Delta resumes operations after glitch grounds flights
Delta Air Lines (DAL) has suffered a disruption in its domestic flights for over an hour as its computer systems…
Actuant crashes as outlook misses expectations despite results beat
Actuant Corporation (ATU) topped market estimates on sales and earnings for the fourth quarter of 2018. However, the earnings outlook…
Omnova stock sinks as asset write-downs drag down Q3 earnings
Specialty chemicals firm Omnova Solutions (OMN) reported unimpressive results for the third quarter when revenues were impacted by the devaluation…
CarMax gets a lift after Q2 results top expectations
CarMax Inc. (KMX) beat analysts’ expectations on sales and earnings numbers for the second quarter of 2019, lifting the stock…
Nike stock falls on cost concerns, despite Q1 earnings beat
Nike’s (NKE) North America recovery gathered steam in the first quarter when the company’s earnings jumped on strong revenue growth.…