Toby
General Electric earnings preview: Investors are stoic!
For most investors, General Electric (GE) stock is money down the drain. Even the most optimistic GE bulls have started…
Another Chinese e-commerce firm readies for US listing
Alibaba’s (BABA) dominance in the e-commerce space in China has lately been rattled by numerous domestic rivals, primarily Pinduoduo. While…
CSX Corp posts upbeat Q2 2018 results
CSX Corp (CSX) on Tuesday posted earnings of $1.01 per share on revenue of $3.10 billion, beating estimates. 25 analysts…
Meet the new Goldman Sachs chief: DJ D-Sol
Along with its quarterly earnings report, banking giant Goldman Sachs (GS) today announced the appointment of its new CEO David…
IBM seeks $167 million in settlement from Groupon
IT giant IBM (IBM) and coupon site Groupon (GRPN) have been at war over patents since 2016. IBM had accused…
Motorola bags 5-year US Army contract capped at $495 million
The US Army awarded Motorola Solutions (MSI) a five-year IDIQ contract capped at $495 million to upgrade its global mission-critical…
FCC raises concerns over Sinclair-Tribune transaction
The ambitious merger between the most diversified local TV station operators, Sinclair (SBGI) and Tribune Media (TRCO) is in jeopardy…
Netflix downgraded to HOLD, price target lowered
Only hours after investors sent Netflix (NFLX) shares tumbling 13% following its second-quarter earnings results, Deutsche Bank downgraded the stock…
Elon Musk needs to invent something to keep his own mouth shut
Elon Musk seems to have a problem with everything. Be it the American media or the Thai rescue mission, the…
McDonald’s is the latest company to issue recall over CDC’s complaint
The foodborne illness outbreak related to the popular fast-food chain McDonald’s (MCD) has been in news since May. And now…
Bank stocks JPMorgan and Citi fail to impress on earnings day
JPMorgan Chase & Co (JPM) on Friday posted an upbeat profit on revenue in line with analyst consensus. However, this…
Intel nabs custom chipmaker eASIC
Intel (INTC) is securing its dominant position as a chipmaker with a new deal. The Santa Clara- based company has…
PNC tops Q2 earnings estimate on higher NII
PNC Financial Services (PNC) reported strong Q2 2018 results. The company smashed past consensus estimates on both the top and…
Uber axes self-driving vehicle operators in Pittsburgh and SF
Three months after a self-driving Uber car killed a 49-year-old woman during its testing operations in Arizona, the ride-hailing company…