Open source search engine Elastic is the latest to debut in the American stock markets, joining the many tech firms that went
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This time, Toyota to recall over 2 million vehicles
Toyota announced Friday that it is recalling about 2.43 million vehicles globally due to a software glitch, which could result in a
America’s largest mattress company files for bankruptcy protection
Mattress Firm, the biggest retailer of beds in the US, on Friday filed for Chapter 11 bankruptcy protection in a move to
Costco Q4 sales beat; stock falls amid warning of ‘weakness’ in financial reporting
Higher sales, both in stores and online, pushed up Costco’s (COST) fourth-quarter earnings, which came in line with Wall Street estimates. Meanwhile,
Uber launches bike-sharing programs
After a disastrous attempt with autonomous driving technology, Uber Technologies launched electric scooter sharing with the recent purchase of Jump. The company
Toyota and SoftBank – one more partnership in the self-driving vehicle space
Japan’s two top companies SoftBank and Toyota are planning to form an alliance named Monet which stands for mobility network. The JV
The world’s first production flying car will go on sale soon
Flying cars will soon be a reality as Terrafugia Transition inched closer to its debut. The automaker has started taking orders for
International Speedway tops Q3 estimates and narrows outlook; shares drop
International Speedway Corporation (ISCA) topped market estimates on revenues and profits for the third quarter of 2018. Despite the beat, shares are
Constellation Brands brews earnings beat in Q2
Constellation Brands Inc. (STZ) topped market estimates on sales and earnings for the second quarter of 2019. Shares were up over 3%
Barnes & Noble surges above 20%; board to explore sale
Barnes & Noble (BKS) announced today that the board is exploring options after it has got inquiries from various firms to acquire
Cloud analytics drove Cloudera and Hortonworks to merge
Cloudera Inc. (CLDR) and Hortonworks Inc. (HDP) have agreed to combine themselves in an all-stock merger of equals. The combined company is
Amazon ‘stealing’ eBay sellers?
While expanding its reach to new markets across the world, Amazon (AMZN) also evolved as the preferred selling platform for big brands.
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 develop an
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 recently acquired
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 than three
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 vehicle concepts.
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 on Tuesday.
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, the stock
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 Pfizer (PFE)
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 affected 50
John Flannery steps down as GE names new CEO and Chairman
[caption id="attachment_13176" align="alignleft" width="200"] Lawrence Culp, new CEO Image Courtesy: GE[/caption] General Electric (GE) appointed Lawrence Culp, Jr., the current board