Business News
Costco Q4 sales beat; stock falls amid warning of ‘weakness’ in financial reporting
Higher sales, both in stores and online, pushed up Costco’s (COST) fourth-quarter earnings, which came in line with Wall Street…
Promising diabetes drug gives Eli Lilly a shot in the arm
Pharma giant Eli Lilly & Co. (LLY) has reported positive results from the mid-stage clinical trial of its new diabetes…
GM races past Tesla in automated driving test, clinches top spot
Tesla’s (TSLA) historic success in its core segments has been an inspiration for the entire industry, and literally every major…
Synnex Q3 results beat street view; stock falls on weak guidance
Benefitting from the stable demand for technology solutions, Synnex Corp. (SNX) registered strong earnings growth in the third quarter, which…
Amazon ‘stealing’ eBay sellers?
While expanding its reach to new markets across the world, Amazon (AMZN) also evolved as the preferred selling platform for…
IPO on cards when Dell moves back to square one
The business fraternity was a bit puzzled when Michael Dell unveiled plans to take his namesake company public once again,…
Homebuilding, CalAtlantic merger boost Lennar’s Q3 results
Real estate firm Lennar Corp. (LEN) reported an increase in third-quarter earnings as strong homebuilding operations and contributions from the…
BlackBerry recovery gains steam; Q2 earnings beat estimates
The ongoing recovery of BlackBerry (BB), the once-thriving smartphone maker, gained momentum in the second quarter when the technology company…
Earnings preview: With recovery on track, BlackBerry looks future perfect
BlackBerry Limited (BB), the once-thriving smartphone maker, is passing through a crucial phase of its transition to an IT solutions…
Qualcomm sees a long-term partner in Apple despite disputes
The infamous legal clash between tech majors Qualcomm (QCOM) and Apple (AAPL) reached the tipping point this week after the…
Accenture Q4 earnings beat street view; hikes dividend by 10%
Sustained demand for digital and cloud products pushed up Accenture’s (CAN) revenues in the fourth quarter. As a result, earnings…
Bed Bath and Beyond sinks on weak comps, earnings miss
Bed Bath and Beyond (BBBY) once again disappointed investors this week by reporting dismal results for the second quarter, marked…
It’s time for Accenture to reap the dividends of digital push
Accenture (ACN) is one of the rare Wall Street firms that consistently remained resilient to the growing competition in the…
SurveyMonkey jumps about 60% after upsized market debut
Survey software maker SurveyMonkey had a dream debut at Wall Street Wednesday when it opened about 60% higher than the…
Omnova stock sinks as asset write-downs drag down Q3 earnings
Specialty chemicals firm Omnova Solutions (OMN) reported unimpressive results for the third quarter when revenues were impacted by the devaluation…
Nike stock falls on cost concerns, despite Q1 earnings beat
Nike’s (NKE) North America recovery gathered steam in the first quarter when the company’s earnings jumped on strong revenue growth.…
Nothing very refreshing about Bed Bath and Beyond ahead of Q2 results
For a long time now, investors have been waiting for the good news from Bed Bath and Beyond (BBBY). Of…
Jabil Circuit Q4 earnings top estimates; stock gains
Jabil Circuit Inc. (JBL) reported a moderate increase in earnings for the fourth quarter when revenues gained sharply helped by…
Ascena Q4 results crush street view; stock surges
Benefiting from strong demand growth across the board, especially for the LOFT brand, Ascena Retail (ASNA) turned to profit in…
Takeover battle for Sky to be resolved at weekend showdown
The long-drawn battle between American media giants Comcast (CMCSA) and 21st Century Fox (FOXA) to acquire British Pay-TV firm Sky…
Tesla may be moving to a one-man show, literally
The talent drain at Tesla (TSLA) worsened in recent weeks even as the company struggled to put up a good…