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KeyCorp beats in Q2 helped by loan growth

Regional bank KeyCorp (KEY) posted earnings of $0.44 a share in the second quarter, topping analysts’ estimate of $0.42 a…

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…

U.S. Bancorp tops Q2 earnings estimate

Minneapolis-based U.S. Bancorp (USB) reported Q2 profit that beat analysts estimate. Revenue, however, didn’t meet the consensus estimate. During the…

Morgan Stanley shares surge after Q2 earnings beat

Shares of Morgan Stanley (MS) rose in the pre-market hours Wednesday after the company smashed past analysts expectations during Q2…

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…

Strong pharma business aids in Johnson & Johnson’s Q2 beat

Healthcare giant Johnson & Johnson (JNJ) reported a beat on both the top and bottom line expectations as it posted…

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 of America posts EPS of 63 cents in Q2

Bank of America (BAC) reported second-quarter earnings of $6.8 billion, or $0.63 per share in Q2, topping market consensus as…

BlackRock tops Q2 earnings expectation

Asset manager BlackRock (BLK) topped analysts' earnings estimate during Q2 2018, even as revenue growth came in line with the…

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…

Tech stocks returned maximum value to investors in last 5 years: BCG

Eight out of the top 10 value-creation stocks compiled by BCG came from technology or semiconductor industries. Nvidia (NVDA) and…

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…