Lockheed Martin flies higher as results top estimates
Earnings of Lockheed Martin (LMT), the biggest defense contractor in the country, increased sharply in the first quarter supported by...
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Alphabet earnings soar on strong ad revenues, top estimates
Google parent Alphabet (GOOG, GOOGL) reported better than expected earnings and revenues in the first quarter, helped by a strong...
Kimberly-Clark shares shine on strong Q1 earnings
Earnings of consumer goods manufacturer Kimberly-Clark (KMB) rose in the first quarter on higher sales, in line with expectations. Meanwhile,...
Alaska Air Group reports 5% hike in revenue
Alaska Air Group (ALK) reported a 5% increase in total operating revenue to $1.8 billion in the first quarter of...
Barclays CEO gets to keep job after whistle-blower scandal
Barclays’ CEO James E. Staley has been awarded a fine for his attempts to find the identity of a whistle-blower,...
More heads roll as Nike revisits workplace culture
More than a decade ago, operations management at Nike (NKE) was thrown into turmoil when the company tweaked its supply...
Earnings jump 40% for KeyCorp as stock rallies to level losses
Bank holding company KeyCorp (KEY) reported an increase in first-quarter earnings, aided by the higher interest rates and benefits from...
Amex stock sees sharp gains on Q1 earnings beat
Credit card company American Express (AXP) reported better than expected earnings for the first quarter as a marked increase in...
Alibaba rides high on driverless car program
A renewed craving for self-reliance is evident in China’s corporate sector, at a time when international trade is facing major...
Here is why Tesla suspended Model 3 production
The temporary shutdown of Tesla’s Model 3 sedan production at Fremont raised some questions on the company’s plan of action....
IBM shares plunge on downbeat outlook
Earnings of technology conglomerate IBM (IBM) declined in the first quarter, despite strong cloud revenue lifting the top line. However,...
Boring Company gets more funding, but hurdles galore
Elon Musk seems to have taken the conventional route this time to raise money for Boring Company. The tunnel-digging firm...
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...
With record subscriptions, Netflix earnings trigger stock rally
Continuing its aggressive market share expansion, video-on-demand service provider Netflix (NFLX) Monday reported better than expected subscriber growth and earnings...
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...
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...
Oliver Schusser appointed Vice President of Apple Music
Apple Inc. (AAPL) appointed Oliver Schusser as Vice President of Apple Music and international content. He will be in charge...
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...
Merck sets the bar high for rivals with positive Keytruda trial results
Merck (MRK) shares rose as much as 7% after the company stated that one of its key drugs successfully met...
No end in sight for Johnson & Johnson’s asbestos woes
There is more trouble for Johnson & Johnson, the embattled baby care products maker facing multiple litigations over sale of...