Business News
Shareholder nod breathes life into Cigna-Express Scripts merger
The conditions that favored the consolidation wave across industries in recent years became more conducive last year when the government…
Tilray is a smoking hot stock you can’t ignore
The taboo associated with marijuana eased considerably in recent times, after researches confirmed its medicinal and recreational benefits. The cannabis…
Foot Locker Q2 results beat; stock falls on comparable sales miss
A revamped product-line and innovations in store operation pushed Foot Locker’s (FL) second-quarter sales and earnings beyond expectations. Reflecting the…
Intuit Q4 results beat; stock falls on CEO exit, weak guidance
Earnings of payroll solutions provider Intuit Inc. (INTU) increased in the fourth quarter and exceeded estimates. The company also provided…
Alibaba rises on Q1 revenue beat, despite China concerns
E-commerce giant Alibaba Group (BABA) wrapped the June quarter with broad-based revenue growth, sending the company’s stock higher in premarket…
Star Wars coming to smartphones through Zynga-Disney deal
There is hardly any other video game that matches the Star Wars in terms of popularity and the number of…
Earnings preview: Mixed market sentiment ahead of Foot Locker earnings
Of late, there have been indications that the sportswear industry is on a recovery path after several months of lackluster…
Target Q2 results top estimates amid record traffic growth; stock rallies
A record increase in store traffic pushed up the sales multi-brand retailer Target Corp. (TGT) in the second quarter, resulting…
S&P 500 reaches new peak amid bullish market sentiment
Continuing the epic bull-run, the S&P 500 index set a new intraday record Tuesday as companies keep on drawing inspiration…
Microsoft crackdown uncovers more Russian cyber-attacks
Microsoft (MSFT) has come out with a politically sensitive disclosure that could bring a new twist in the US-Russia relations,…
TJX Companies Q2 sales beat estimates; stock gains on strong guidance
Off-price apparel retailer TJX Companies (TJX) reported an increase in profit for the second quarter, when a sharp growth in…
Medtronic stock rallies after Q1 results top estimates
Medical technology company Medtronic plc (MDT) reported better than expected results for the first quarter of 2019. Encouraged by the…
Earnings preview: There’s more to Target Corp. than meets the eye
Target Corp. (TGT) has stayed ahead of its peers in certain aspects of the business so far this year, despite…
Walmart-Anthem deal a step forward in redesigning healthcare
After having developed its medical business successfully, Walmart (WMT) is exploring ways to come up with healthcare offerings that would…
Tyson Foods gets buff with $2.2-bn Keystone buyout
Meat manufacturer Tyson Foods Inc. (TSN) has been aggressively expanding its product portfolio in recent months through strategic acquisitions. Continuing…
Whopping $1.8-billion gaming revenue in Q2 fails to impress NVIDIA investors
NVIDIA Corp. (NVDA) Thursday posted a second-quarter revenue of $3.12 billion, with Gaming revenue contributing as much as $1.805 billion…
JD.com Q2 results miss estimates; stock falls
China-based online marketplace JD.com (JD) Thursday reported a wider net loss for the second quarter, adding to the woes of…
General Electric hits 9-year low amidst divestiture spree
Ever since General Electric (GE) embarked on a mammoth restructuring program last year, its market value has been declining at…
Constellation Brands looks to cannabis for a high, ups stake in Canopy
Wine and beer maker Constellation Brands (STZ) has been expanding its business in a spirited manner in the past few…
Earnings preview: Focus on gaming, datacenter ahead of Nvidia earnings
The semiconductor sector wrapped up the June quarter on a high note, except for a few misses, thriving on the…
Earnings preview: Muted sentiment towards tech sector weighs on JD.com
Most China-based tech firms are coming out with an unimpressive outlook for their upcoming fiscal quarters while posting muted results…