X

LATEST

Merck joins pharma giants in lowering drug prices

The latest pharma giant to bow to Trump’s pressure on drug price is Merck (MRK). The company announced on Thursday…

North America upswing lifts Schlumberger’s Q2 profit

The oilfield service sector continues to benefit from the rising crude prices, which has been encouraging petroleum companies to ramp…

General Electric posts adjusted EPS of $0.19 for Q2; beats estimates

Industrial conglomerate General Electric (GE) reported its second-quarter earnings before the bell today. The company reported a beat on revenue…

Unshaken by Android fines, Alphabet stands tall ahead of earnings

Though Google parent Alphabet (GOOG, GOOGL) has long been ramping up its non-core businesses, programmatic advertising and mobile search continue…

Alibaba deepens offline presence by investing in Focus Media

Alibaba (BABA) is not happy with its dominance in China’s digital ad industry; it is now working to expand its…

Tesla dips on cautious stance on Model 3 production

Tesla (TSLA) stock opened its trading in the red zone on Thursday and remained grounded as investors remained cautious about…

Microsoft stock rises on upbeat Q4 earnings

Microsoft (MSFT) reported better-than-expected results for the fourth quarter 2018. Non-GAAP earnings of $1.13 per share on revenue of $30.08…

Domino’s Q2 profit beats view; stock falls on sales miss

Domino’s Pizza (DPZ) has remained a standout among its peers in the fast-food industry, taking advantage of the changing customer…

KeyCorp beats in Q2 helped by loan growth

Regional bank KeyCorp (KEY) posted earnings of $0.44 a share in the second quarter, topping analysts’ estimate of $0.42 a…

Another Chinese e-commerce firm readies for US listing

Alibaba’s (BABA) dominance in the e-commerce space in China has lately been rattled by numerous domestic rivals, primarily Pinduoduo. While…

U.S. Bancorp tops Q2 earnings estimate

Minneapolis-based U.S. Bancorp (USB) reported Q2 profit that beat analysts estimate. Revenue, however, didn’t meet the consensus estimate. During the…

Abbott posts 17% sales growth for Q2; beats estimates

Healthcare giant Abbott Laboratories (ABT) reported its quarterly results for its second quarter of 2018 today before the opening bell.…

Morgan Stanley shares surge after Q2 earnings beat

Shares of Morgan Stanley (MS) rose in the pre-market hours Wednesday after the company smashed past analysts expectations during Q2…

Texas Instruments CEO Brian Crutcher quits over violation of code of conduct

Texas Instruments (TXN) reported that its CEO Brian Crutcher has resigned on the grounds of violating company’s code of conduct.…

CSX Corp posts upbeat Q2 2018 results

CSX Corp (CSX) on Tuesday posted earnings of $1.01 per share on revenue of $3.10 billion, beating estimates. 25 analysts…

Meet the new Goldman Sachs chief: DJ D-Sol

Along with its quarterly earnings report, banking giant Goldman Sachs (GS) today announced the appointment of its new CEO David…

Goldman Sachs tops estimates; profit jumps 44%

Multinational investment banking titan Goldman Sachs (GS), which named its operating chief David Solomon as successor to executive chief Lloyd…

Strong pharma business aids in Johnson & Johnson’s Q2 beat

Healthcare giant Johnson & Johnson (JNJ) reported a beat on both the top and bottom line expectations as it posted…

Elon Musk needs to invent something to keep his own mouth shut

Elon Musk seems to have a problem with everything. Be it the American media or the Thai rescue mission, the…

Netflix stock slides on disappointing subscriber growth in Q2

Shares of Netflix (NFLX) fell sharply on Monday after the streaming giant reported lower than expected subscriber growth for the…

Bank of America posts EPS of 63 cents in Q2

Bank of America (BAC) reported second-quarter earnings of $6.8 billion, or $0.63 per share in Q2, topping market consensus as…