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Goldman Sachs tops estimates; profit jumps 25%

Multinational investment banking titan Goldman Sachs (GS), which has been trying to recover its foothold in its critical trading units…

Cancer drugs lift Johnson & Johnson’s sales in Q1

Pharmaceutical giant Johnson & Johnson (JNJ) reported a 12.6% increase in sales to $20 billion for the first quarter of…

Xerox CEO faces suit after pushing Fujifilm deal

Xerox (XRX) chief Jeff Jacobson faces a fresh lawsuit from a major shareholder of the company for pursuing a deal…

All eyes on IBM’s cloud, cognitive solutions ahead of earnings

When IBM (IBM) reported its fourth-quarter results in January this year, the company had topped both the revenue and earnings…

Merck, Pfizer need to jettison consumer health units before the market deteriorates

Over the last year, several consumer health units were put on sale. Both Pfizer (PFE) and Merck (MRK) planned to…

Bank of America posts 38% jump in EPS

Multinational financial services firm Bank of America (BAC) topped analyst expectations by posting a 30% growth in its profit during…

Infosys posts strong Q4 results, beats expectations

Infosys Ltd. reported a 9.2% growth in revenues to $2.8 billion in its fourth quarter of 2018 compared to last…

Will biosimilars play spoilsport in Johnson & Johnson earnings?

Pharmaceutical giant Johnson & Johnson’s (JNJ) earnings results are due on April 17 before the opening bell, amidst concerns over…

Citigroup Q1 earnings benefit from strong trading revenues, beat estimates

Global investment banking firm Citigroup Inc. (C) reported better-than-expected earnings for the first quarter of 2018, helped mainly by a…

Shares jump as Broadcom board gives the green light to $12-billion share buyback

Chipmaker Broadcom Inc. (AVGO) announced that its Board of Directors authorized the buyback of up to $12 billion of its…

General Electric may spin-off transportation business to salvage itself

A huge round of applause for people who are still holding on to the General Electric (GE) stock – either…

PNC Financial Services earnings preview: All’s well here!

PNC Financial (PNC) will kick-start this quarter’s bank earnings tomorrow at 6:45 AM ET and we are all ears with…

Toys ”R” Us receives billion-dollar bid for its profitable Asian business

Troubled toy retailer Toys “R” Us, which is in the midst of winding its US and UK operations, was reportedly…

Google is coming for Nokia’s in-flight broadband business

In-flight connectivity is booming in business, and now Alphabet Inc's (GOOGL) Google is all set to join the race by…

Delta Air Lines posts flat EPS in Q1

Amidst concerns over rising oil prices and overcapacity, Delta Air Lines (DAL), the biggest US carrier by market value, reported…

Kroger on hiring spree with 11,000 new jobs

In the recent times, some of the most prominent retailers have been shuttering stores. While the entire sector is struggling…

EU regulators raid Fox Networks offices

In the latest of its conflicts with the European Union, Fox Networks, the TV, and cable unit of the 21st…

Carl Icahn to sell Federal-Mogul to Tenneco for $5.4 billion

Almost after a decade after acquiring a major stake in auto-parts maker Federal-Mogul, billionaire activist Carl Icahn has decided to…

Even Zuckerberg is unsure if Facebook is a monopoly

Numerous questions were fired from all directions at Facebook (FB) CEO Mark Zuckerberg as he attended a hearing in front…

Survival instinct brings Sprint and T-Mobile back to the merger table

The Sprint (S)- T-Mobile (TMUS) saga is back once again. The wireless carrier rivals have apparently reignited merger talks that were…

Expect stellar earnings from banks in Q1; Capital return could be disappointing

The earnings season is around the corner, and everything seems to be going well for the banking sector. Tepid volatility…