Business News
GM’s bullish view on restructuring, profitability sends stock soaring
In an indication that the ongoing restructuring program is progressing as planned, General Motors (GM) Friday released a bullish outlook…
Slack likely to make stock market debut this year through direct listing
After building a strong user base, direct messaging app Slack Technologies has been planning to go public for some time…
Retail stocks hit hard by dismal holiday sales
As investors continued to punish retail companies after the lackluster holiday season, most of the leading store operators witnessed stock…
BoA gives double upgrade as Twitter intensifies fight against spam
For the social media sector, 2018 was a year of great significance, and the most valuable takeaway from the recent…
Blizzard Entertainment renews China deal amid faltering user growth
When Activision Blizzard (ATVI) partnered with China-based NetEase (NTES) more than a decade ago, the main attraction was the growing…
Bed Bath & Beyond stock jumps on Q3 earnings beat, positive guidance
Shares of home decor retailer Bed Bath & Beyond (BBBY) surged Wednesday after its third-quarter earnings surpassed analysts’ forecast, despite…
Rating upgrade breathes new life into Micron; stock rallies
Micron Technology (MU) got a big boost Wednesday after Bernstein Research upgraded the stock to outperform from market perform. The…
After record deliveries in 2018, Boeing sees a fruitful year ahead
After ending 2018 on a positive note, Boeing (BA) is gearing up to meet its production and delivery goals for…
From flying taxi to roll-up TV, CES 2019 witnesses many debuts
CES 2019, the iconic electronics exhibition being held in Las Vegas, witnessed some of the leading technology firms unveiling their…
Roku stock gains sharply, buoyed by robust user growth in Q4
Shares of TV-streaming service Roku, Inc. (ROKU) rose sharply Monday after the management released its bullish estimate for the fourth…
Apple seeks to tide over iPhone rout through media tie-up with Samsung
It is true that in a rapidly evolving business world there are no permanent friends and enemies. After fighting a…
Pricing, cost reduction crucial for Plug Power to maintain uptrend in Q4
Plug Power Inc. (PLUG) will be holding a conference call on Wednesday to discuss preliminary results for the fourth quarter…
Rite Aid is looking for a prescription to avoid delisting
Shares of drugstore chain Rite Aid Corp. (RAD) which stood at $1 a month ago are struggling to return to…
Intel looks at a better year as rating upgrade fuels recovery
Shares of Intel (INTC) gained Friday after Bank of America Merrill Lynch raised its rating on the stock to buy…
Tesla fast-tracks China program with plans to start delivery in March
After making a noticeable impact on the American passenger vehicle market last year, Tesla (TSLA) seems to be taking forward…
Delta stock falls sharply after disappointing revenue outlook
The unimpressive revenue guidance issued by Delta Air Lines (DAL) Thursday and the negative market reaction to the report reflect…
Resources Connection stock gains sharply after Q2 earnings beat
Shares of Resources Connection (RECN), a provider of diversified consulting services, gained significantly Thursday after the company reported stronger than…
Competition and trade war may shatter Starbucks’ China dream
Starbucks’ (SBUX) reputation as the undisputed leader in the caffeinated beverage market was challenged in recent years due to the…
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when…
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The…
Recovery hopes brighten after GE starts 2019 on a positive note
Extending the positive momentum seen towards the end of last year, General Electric (GE) started 2019 with a surprise gain.…