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Business News

Cambrex Corp. completes acquisition of Avista Pharma solutions

Life sciences company Cambrex Corp. (CBM) Wednesday completed its previously announced acquisition of Avista Pharma Solutions, a biotech firm engaged…

Netflix poaches Activision CFO Spencer Neumann, stock falls on weak outlook

Shares of Netflix (NFLX) and Activision Blizzard (ATVI) dropped Wednesday amidst reports that the latter terminated its chief financial officer…

A tough task awaits Campbell Soup’s new CEO Mark Clouse

There is a pressing need for the food industry to innovate and adapt to the changing customer tastes. The current…

2019 looks to be a challenging year for automobile manufacturers

It was a mixed bag for the automotive industry so far this year, with the record high sales witnessed in…

Facebook stock falls on cryptocurrency plans, rating downgrade

Coinciding with the reports that Facebook (FB) is developing a cryptocurrency, brokerages on Friday downgraded the social media giant, sending…

Apple rout deepens after Qualcomm wins partial ban on iPhone sales in Germany

The ongoing patent infringement litigation between Apple (AAPL) and Qualcomm (QCOM) took a new turn this week after the latter…

Neogen stock drops on Q2 revenue miss; earnings decline

Neogen Corp. (NEOG) Thursday reported a decline in its second-quarter earnings, despite a 6% increase in revenues. While the overall…

Pier 1 Imports stock drops 14% after Q3 results miss estimates

Shares of Pier 1 Imports (PIR) fell sharply Wednesday after the home decor company slipped to a net loss in…

Allergan stock plunges to 5-year low after product recall in Europe

Allergan (AGN) suffered a major setback Wednesday after European regulators asked the company to stop the sale of its textured…

New dawn for urban transport as Elon Musk unveils first underground tunnel

Putting an end to speculations, the futuristic transportation tunnel envisaged by Tesla (TSLA) CEO Elon Musk was opened in Los…

Micron Q1 revenues miss amid faltering chip demand; earnings beat

Chipmaker Micron Technology (MU) reported a sharp increase in first-quarter earnings, which also exceeded estimates. But the company’s revenues missed…

Credit Suisse turns bearish on S&P 500 amid volatility, cuts price target

Wall Street is probably set for a not-so-impressive start to 2019, if the current trend is any indication. Compared to…

Confidence of Twitter users, investors hit by deepening security woes

With incidents of data breach becoming increasingly prevalent, going forward the credibility of social networking platforms will depend on their…

Earnings Preview: Mixed sentiment ahead of Walgreens Q1 earnings

Pharmacy store chain Walgreens Boots Alliance (WBA) is scheduled to report its first-quarter earnings Thursday before the opening bell. It…

Earnings Preview: Semiconductor slump likely to drag Micron’s Q1 results

Micron Technology (MU) lost significant market value last month after research firm Baird downgraded the stock and slashed the price target,…

Goldman downgrade is a call for Walgreens to revisit biz strategy

Shares of pharmacy store chain Walgreens Boots Alliance Inc. (WBA) dropped sharply Friday after they were downgraded by Goldman Sachs,…

Earnings Preview: IBM deal in focus as Red Hat gears up for Q3 report

The upcoming earnings announcement of Red Hat (RHT) will be one of the most closely-watched events, with investors looking for…

Merck strengthens animal health division with $2.4-bln Antelliq buyout

Taking a cue from the growing demand for animal care products, healthcare service providers and pharma companies are enhancing their…

Adobe stock drops on Q4 earnings miss and weak guidance; revenues beat

Shares of Adobe Systems (ADBE) slipped Thursday after the software solutions provider reported weaker than expected earnings for the fourth quarter,…

General Electric shares bounce back after rating upgrade, IoT venture

General Electric (GE) has reached a pivotal point in its aggressive restructuring program, marked by the divestment of loss-making business…

P&G expands beauty portfolio with acquisition of Walker & Co.

In a move aimed at better serving African-Americans, Procter & Gamble (PG) has acquired Walker & Co., a Silicon Valley…