Business News
Why is it the right time to invest in beverage stocks?
In a sign that the ongoing slump in the American soft drink industry has not affected investor sentiment, shares of…
Pfizer secures FDA approval for oncology biosimilar Zirabev; stock gains
A day after appointing former FDA chief Scott Gottlieb to its board of directors, pharma giant Pfizer (PFE) said it…
Nike stock drops after Q4 earnings miss estimates; revenue up 4%
Sneaker giant Nike, Inc. (NYSE: NKE) reported weaker-than-expected earnings for the fourth quarter, hurt mainly by higher expenses and tax…
Boeing stock falls after regulators detect new software glitch in 737 Max
The fallout of the 737 Max debacle is creating more problems for Boeing (NYSE: BA) even as efforts are being…
Earnings: Rite Aid reports bigger-than-expected Q1 loss; stock falls
Pharmacy retailer Rite Aid Corporation (NYSE: RAD) reported a net loss for the first quarter of 2020 that is wider…
How Amazon’s rivals vie to grab a slice of the Prime Day pie
The extension of Amazon (Nasdaq: AMZN) Prime Day, the one-day discount sale organized for premium customers annually, to 48 hours…
Micron Q3 earnings fall but beat estimates; stock gains
Chipmaker Micron Technology (Nasdaq: MU) reported a sharp fall in revenues and profit for the third quarter, reflecting the continuing…
What the future holds for generic drug industry
The size of the generic drug market in the US is so large that about 90% of all prescription medicines…
Earnings preview: Weed biz in focus as Constellation Brands gears up for Q1 report
The lackluster financial performance of Constellation Brands (NYSE: STZ) in the recent quarters has raised speculations about the investment made…
Bristol-Myers lets go of psoriasis drug to save Celgene merger; stock falls
The planned merger between pharmaceutical firms Bristol-Myers Squibb Company (NYSE: BMY) and Celgene (CELG) - touted as a landmark deal…
Earnings preview: Rite Aid unlikely to deliver any surprise in Q1
Rite Aid Corporation (NYSE: RAD) was on the verge of being delisted after the stock price slipped to a record…
Earnings preview: Cons outweigh the pros as FedEx gets ready for Q4 report
When FedEx Corporation (NYSE: FDX) reports fourth-quarter report Monday afternoon, after an unimpressive start to the year, it will likely…
Uncertainty looms over T-Mobile-Sprint merger as opposition mounts
The long-pending merger between telecom firms T-Mobile (Nasdaq: TMUS) and Sprint (NYSE: S) suffered a fresh setback this week after…
Earnings preview: Cost pressure to dampen General Mills’ Q4 prospects
Food company General Mills, Inc (NYSE: GIS), the maker popular brands like Cheerios and Natural Valley, is scheduled to publish…
Ocular Therapeutix gains after FDA approves eye drug for additional indication
Ocular Therapeutix (Nasdaq: OCUL) staged a dramatic recovery Friday after receiving the FDA’s green signal for its ophthalmic drug DEXTENZA…
Can Walgreens and CVS Health resist the online invasion of pharmacy sector?
A research report that came out recently predicted that the online pharmacy market is set to grow to $85 billion…
Oracle crushes Q4 earnings, revenue expectations; stock spikes
Software giant Oracle (NYSE: ORCL) reported stronger than expected earnings and revenues for the fourth quarter, driving the stock sharply…
Harley-Davidson set to woo Chinese customers with small bike
Harley-Davidson (NYSE: HOG) is the latest American automaker to expand China operations in a big way to enhance growth. Joining…
Adobe stock gains after Q2 earnings exceed expectations
Benefitting from the stable demand for products across all the business segments, Adobe's (Nasdaq: ADBE) revenues rose sharply in the…