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Rite Aid (RAD) recovers on optimistic future after a lackluster run
Rite Aid Corporation (NYSE: RAD) stock opened higher on Friday and is recovering from the multi-year low on August 15.…
Infosys raises FY20 revenue growth outlook post strong topline performance in Q2
Information technology firm Infosys Limited (NYSE: INFY) said its revenues for the second quarter of 2020 jumped 10% to $3.2…
Hexo stock plunges to a new low after reporting preliminary Q4 results; withdraws FY20 outlook
Shares of HEXO Corp (TSX: HEXO; NYSE: HEXO) plummeted to a new yearly low today after the company reported preliminary…
It’s a flop show from Eros International in Q1
India-based media and entertainment company Eros International (NYSE: EROS) on Tuesday reported first-quarter results that missed analysts’ expectations, even as…
NYU professor who predicted Amazon-Whole Foods deal forecasts death of Tesla, 4 others
All hell broke loose during the weekend when Scott Galloway, a professor who teaches marketing at the NYU Stern School…
General Electric to freeze pension plans to cut down debt
General Electric (NYSE: GE) has announced three key strategic decisions related to its US retirement benefits in order to reduce…
HSBC to cut 10,000 jobs to reduce expenses
HSBC (NYSE: HSBC) is undertaking cost-cutting initiatives that could result in the reduction of up to 10,000 jobs. According to…
Costco Wholesale Q4 profit rises 5% but misses estimates
Costco Wholesale Corporation (NASDAQ: COST) reported a 5% rise in earnings for the fourth quarter of 2019 as higher merchandise…
Smart Global stock gets slammed on Q4 earnings and sales miss; provides dismal outlook
Shares of Smart Global Holdings (NASDAQ: SGH) plunged about 15% after the company missed earnings and sales estimates for the…
Constellation Brands Q2 profit beats; stock dips on loss from Canopy investment
Beverage company Constellation Brands (NYSE: STZ) reported a decline in second-quarter earnings, despite a modest increase in sales aided by…