Business News
Cola wars get a new fizz as Coca-Cola buys stake in BodyArmor
There is hardly anything that the world’s biggest soft drink makers have not tried to outsmart each other in the…
Tapestry stock jumps as Q4 results beat estimates
A strong performance by the leading brands pushed up Tapestry’s (TPR) revenues and earnings in the fourth quarter, which exceeded…
Citi Cards chief Jud Linville steps down amid reorganization
Banking behemoth Citigroup (C) has embarked on a reorganization to ‘harmonize’ its global consumer banking businesses. As part of the…
Earnings preview: Tapestry set to come out with flying colors once again
The fact that Tapestry (TPR) managed to stay consistent in the highly competitive and crowded retail sector makes the stock…
Small ad firms choke under pressure from Google, Facebook
The freewheeling market share expansion of internet companies Facebook (FB) and Google (GOOGL, GOOG) often gives the impression that the…
More assets on sale as General Electric sets out to grow by shrinking
The pace at which General Electric (GE) has been trimming assets gives the impression that its goal of getting back…
Ex-employees slam Nike for harassment, file class-action suit
At a time when workers are becoming increasingly aware of their rights, be it workplace behavior or wages, one company…
Microchip Q1 earnings beat street view; stock falls on weak guidance
Revenues of semiconductor firm Microchip Technology (MCHP) rose sharply in the first quarter aided by strong demand for its flagship…
Tribune-Sinclair merger falls flat amid regulatory intervention
An attempt by two leading media firms to join the consolidation wave sweeping the industry failed this week, days after…
Mars trek nears reality as Boeing, SpaceX aim for the sky
Whenever companies engage in healthy competition and try to outsmart each other, they continuously come under the scrutiny of the…
Roku moves closer to profitability; stock jumps 8% on Q2 beat
Continuing the strong momentum that started after going public nearly a year ago, Roku (ROKU) emerged from the negative territory…
Trade war: Fresh Chinese tariffs dim hopes for near-term resolution
The trade standoff between Washington and Beijing seems to be escalating into an intense economic warfare. The immediate effect of…
Now, Amazon woos shoppers with 30-minute grocery pickup
After ramping up its grocery offerings through the acquisition of Whole Foods last year, Amazon (AMZN) has been striving hard…
Earnings preview: Market looks beyond Q2 as Roku gears up for earnings
Television streaming platform Roku (ROKU) is all set to announce its fourth financial report since going public in September last…
Disney shines on box office hits; stock dips as Q3 earnings miss
Entertainment conglomerate Walt Disney Company (DIS) closed its eventful third quarter on a positive note, with earnings registering double-digit growth…
Tesla fast-tracks China launch, starts hiring
A week after CEO Elon Musk reaffirmed that Tesla (TSLA) would turn profitable by the next quarter, the electric car…
Peace: Cisco, Arista settle patent infringement lawsuit
The patent infringement dispute between network technology companies Cisco Systems (CSCO) and Arista Networks (ANET) took a turn for the…
Twilio stock surges on Q2 earnings beat, strong guidance
Cloud communications platform Twilio Inc. (TWLO) turned to profit in the second quarter from a loss last year helped by…
New Goldman CEO picks Jim Esposito as co-head of equity division
After reporting excellent earnings and revenue numbers for the second quarter, Goldman Sachs (GS) is taking forward the management reshuffle…
Kraft Heinz stock jumps as Q2 results beat street view
An uptick in overseas sales pushed up Kraft Heinz’ (KHC) adjusted earnings in the second quarter, which also came in…
Activision Q2 results beat; stock dips on weak guidance
Earnings of gaming giant Activision Blizzard (ATVI) increased sharply in the second quarter and surpassed analysts’ expectations, aided by record…