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Huawei, ZTE face 5G bans in Australia
Australia has banned Huawei Technologies Co. and ZTE Corp. from taking part in the country’s 5G wireless technology development efforts…
Saudi Aramco IPO: Canceled or not?
Ever since the end of last year, reports of Saudi Aramco canceling its decision to float shares have been taking…
Look out Tesla, Volkswagen gets a massive EV order
Opening up a battlefield in the EV space, Volkswagen just received a massive order of 1,600 all-electric trucks from Brazilian…
L Brands stock dips on weak profit outlook
L Brands (LB) reported a 29% dip in earnings for the second quarter due to higher costs and expenses. The…
Alibaba rises on Q1 revenue beat, despite China concerns
E-commerce giant Alibaba Group (BABA) wrapped the June quarter with broad-based revenue growth, sending the company’s stock higher in premarket…
Analog Devices stock falls on weak profit forecast
Analog Devices (ADI) said its earnings for the third quarter jumped six times, compared to last year when the bottom-line…
Target Q2 results top estimates amid record traffic growth; stock rallies
A record increase in store traffic pushed up the sales multi-brand retailer Target Corp. (TGT) in the second quarter, resulting…
Uber appoints Nelson Chai as CFO
Ride-sharing firm Uber, which is expected to file its IPO during the end of the next year, appointed Nelson Chai…
Medtronic stock rallies after Q1 results top estimates
Medical technology company Medtronic plc (MDT) reported better than expected results for the first quarter of 2019. Encouraged by the…
Tyson Foods gets buff with $2.2-bn Keystone buyout
Meat manufacturer Tyson Foods Inc. (TSN) has been aggressively expanding its product portfolio in recent months through strategic acquisitions. Continuing…
PepsiCo gobbles up SodaStream for $3.2 billion
PepsiCo (PEP) is planning to buy SodaStream (SODA), a producer of carbonated drink-making machines, for $3.2 billion. The $144-per share…
Anti-climax: Tesla rival might bag Saudi investment
Apparently, it’s not just Tesla (TSLA) that Saudi Arabian sovereign wealth fund PIF is in talks with. Citing people familiar…
After Buffett and Dimon, Trump pushes to end quarterly results
Earlier in June, two Wall Street veterans had lambasted the practice of announcing quarterly results, stating it would hinder the…
Musk blames short-sellers for poor health; Board seeking No 2 exec at Tesla: NYT
In an emotional interview with The New York Times, Tesla (TSLA) CEO Elon Musk said his personal life and health…
Teva Pharma receives a booster shot with FDA approval
The US FDA on Thursday approved Teva Pharmaceuticals’ (TEVA) generic version of EpiPen and EpiPen Jr auto-injector for the emergency…
Boeing’s 737 head announces retirement
The head of Boeing’s (BA) 737 jetliner program, Scott Campbell, has announced his retirement, Bloomberg reported. Campbell, who is also…
JD.com Q2 results miss estimates; stock falls
China-based online marketplace JD.com (JD) Thursday reported a wider net loss for the second quarter, adding to the woes of…
Uber’s Q2 revenue and bookings increase YoY
The private ride-sharing company Uber reported its second quarter 2018 results. Revenue surged about 60% to $2.7 billion compared to the year-ago…
Identify theft, crypto fraud: AT&T faces $224 million lawsuit
BitAngels co-founder Michael Terpin has filed a lawsuit against AT&T (T) at Los Angeles District Court, alleging that he was…