Business News
Morgan Stanley upbeat on Walmart’s cost-cutting efforts, raises rating
While revising its growth strategy in tune with the changes the retail landscape has witnessed in recent years, Walmart (WMT)…
Kimberly-Clark stock drops on Q4 earnings miss, weak guidance
Kimberly-Clark (KMB), a leading manufacturer of personal care products, Wednesday reported weaker than expected earnings for the fourth quarter, reflecting…
IBM stock rallies on upbeat guidance; Q4 results beat estimates
Shares of International Business Machines (IBM) rose sharply Tuesday after the management issued stronger than expected earnings guidance for fiscal…
eBay stock spikes after activist investor brightens turnaround hopes
After fighting for long to regain its lost glory in the e-commerce space, rather unsuccessfully, the pressure is mounting on…
Mastercard fined $648 million in EU for anti-competitive practices
The business practices of American credit card companies have been under strict scrutiny in the European Union for a long…
Earnings preview: Comcast bets on broadband subscription to lift Q4 earnings
Communications behemoth Comcast Corp. (CMCSA) will be announcing results for the fourth quarter Wednesday before the opening bell. The recent…
Eli Lilly’s oncology push suffers a blow after sarcoma drug fails study
The ambitious cancer therapy program of Eli Lilly and Company (LLY) suffered a setback Friday after a formulation developed by…
Walmart, CVS settle pharmacy pricing dispute; ink fresh partnership
In a deal that marks the reunion of two of the world’s largest store operators, Walmart (WMT) and CVS Health…
Facebook acts tough as Russia-linked groups pose perennial challenge
After a tumultuous year marked by a series of scandals and allegations, Facebook (FB) is leaving no stone unturned to…
Chip stocks slip after Apple supplier predicts weaker smartphone demand
Adding to the concerns that the smartphone boom is finally leveling off, component suppliers are witnessing a marked decline in…
Kinder Morgan Q4 earnings meet estimates; revenue up 4%
Energy infrastructure company Kinder Morgan (KMI) reported an increase in fourth-quarter revenues, helped mainly by strong contributions from the natural…
Red Hat shareholders give green signal for acquisition by IBM
The closely-followed acquisition of software company Red Hat (RHT) by tech giant IBM (IBM) moved closer to completion after the…
Fiserv’s $22-bln buyout of First Data will redefine fintech, payment processing
After a year of hectic M&A activity, more US companies are taking the consolidation route to streamline operations and enhance…
Bank of New York Mellon Q4 profit falls; adj. earnings increase
The Bank of New York Mellon Corp. (BK) reported lower earnings for the fourth quarter, despite an increase in revenues.…
Microsoft-Walgreens deal highlights an emerging trend in healthcare sector
While the healthcare sector is witnessing a dramatic change in the way companies operate, marked by high-profile partnerships, the tech…
First Republic Bank stock rallies after Q4 results beat estimates
Earnings of First Republic Bank (FRC) increased and exceeded expectations in the fourth quarter, reflecting a sharp growth in interest…
Delta Air Lines stock falls on weak guidance; Q4 earnings beat estimates
Aviation firm Delta Air Lines (DAL) reported stronger than expected earnings for the fourth quarter when strong top-line performance more…
Earnings preview: Weakness in trading business may drag Goldman’s Q4 results
For most financial service companies, which are reporting their latest quarterly results, the main concern is the ongoing softness in…
Aurora gets bigger with Whistler buyout as cannabis boom gains traction
The cannabis market seems to be on the verge of an explosion - with the majority of companies expediting their…
Huawei remains in spotlight, but for all the wrong reasons
It seems there is no end in sight for the controversies surrounding Chinese tech company Huawei. While security agencies for…