Business News
Pfizer boosts oncology portfolio with $10-Bil acquisition of Array Biopharma
In a sign that the consolidation wave that swept in the pharmaceutical industry last year is likely to continue, Pfizer…
Pet supplies retailer Chewy surges 70% on Wall Street debut
Picture courtesy: Crepessuzette (Pixabay) Online pet supplies retailer Chewy (NYSE: CHWY) had a blockbuster Wall Street debut Friday as the…
Cryptocurrency debut may not be a cakewalk for Facebook
It’s been several months since Facebook (Nasdaq: FB) unveiled the plan to bring out a cryptocurrency, probably a move aimed…
Airline stocks shine after American pushes through another fare hike
Days after taking the hard decision to extend flight cancellations into the busy travel season, in connection with the grounding…
Disney gains after Morgan Stanley turns bullish on new streaming service
Seeing the great potential for Disney Plus, the soon-to-be-released streaming service from Walt Disney (NYSE: DIS), Morgan Stanley Thursday upgraded…
Top biotech stocks to be considered for investment this year
When the massive selloff battered Wall Street in the final months of 2018, biotechnology stocks were no exception. And, most…
Tailored Brands Q1 results top Street view; stock falls on weak guidance
Specialty apparel retailer Tailored Brands (NYSE: TLRD) reported lower sales and earnings for the first quarter of 2019, reflecting the…
Rating downgrade of Lam Research dampens recovery hopes; stock dips 4%
The recovery of Lam Research (LRCX) from last year's lows had received a boost after the latest earnings report but…
Grubhub stock rallies after Amazon exits food delivery business
Whenever Amazon (Nasdaq: AMZN) forays into a new business, the traditional players turn cautious and look for ways to protect…
Earnings preview: Broadcom poised to maintain strength in Q2
Broadcom, Inc. (Nasdaq: AVGO), a leading manufacturer of semiconductor devices, is estimated to have retained its positive momentum in the…
These deals set a new paradigm for healthcare industry
After a busy 2018, the scale of merger and acquisition activity in the healthcare industry is expected to be high…
Earnings: Ciena stock gets a boost after Q2 results top expectations
Network technology provider Ciena Corp. (NYSE: CIEN) reported a sharp increase in second-quarter revenues and earnings, aided by the diversification…