Alibaba joins Cainiao aboard the ZTO Express to cut off Amazon
Chinese online retailer Alibaba Group Holding Ltd (BABA) along with its logistics partner Cainiao Network is planning to acquire a...
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Diesel scandal: first Volkswagen, now Daimler?
After Volkswagen, it is now Daimler that is facing investigations over cheating on diesel emissions. Germany’s Transport Ministry questioned Daimler...
Don’t eat the meat! Hormel recalls food products again
Meat giant Hormel Foods (HRL) is in limelight again. Nearly 230,000 pounds of canned pork and chicken products have been...
KKR acquires BMC Software from investor group for undisclosed amount
Over the last year, the market has witnessed an increasing number of private equity firms investing in the technology sector,...
Pandora quietly launches unlimited family plan
The internet radio services firm Pandora (P) has been around for a long but struggled to survive in an extremely...
Ali Health’s surprise stock recovery raises eyebrows
A week earlier, many analysts were scratching their heads on why a small unit of Alibaba (BABA) became a top...
Tencent, Alibaba among highest valued global brands; Amazon outstrips Microsoft
Chinese firms Tencent and Alibaba (BABA) have secured spots among the top 10 most valuable brands in the world. In...
Qualcomm might receive Chinese clearance for $44-billion deal
Semiconductor giant Qualcomm Inc (QCOM) might negotiate with Chinese market regulators in Beijing this week to help clear hurdles to...
Netflix needs to balance subscriber growth and cash burn
Netflix Inc. (NFLX) stock has been on an upswing lately and touched a new 52-week high of $354.36 on Friday,...
Alexa snooping: Some digital assistants are ‘smarter’ than you think
There is no doubt digital assistants are a more practical option than their human counterparts, and those who buy them...
Starbucks mobile pay app has more users than Apple Pay
Starbucks (SBUX) is not alone in the mobile payment arena, yet its success with its mobile pay app is something...
Pepsi acquires Bare Snacks; strengthens Frito-Lay business
Food and beverage giant PepsiCo (PEP) has gobbled up San Francisco-based fruit and vegetable chips maker Bare Snacks for an...
Get your act together: ‘Media watchdog’ Elon Musk warns journos
It seems Tesla (TSLA) chief Elon Musk has a solution to every social problem, and he approaches each of them...
Just hours into GDPR regime, tech giants are staring at enormous fines
The privacy revolution has begun in Europe, and it’s going to be a rough ride for Silicon Valley. Just hours...
Samsung to cough up $539 million as patent battle ends in Apple’s favor
Ever wondered why some of Samsung’s high-end phones have features similar to those of iPhone? One of the biggest challenges...
This time, United Airlines sued for refusing to land for sick passenger
If there is a book on public relations disasters, United Airlines (UAL) will have a chapter of its own. In...
Foot Locker tops earnings estimates, shares soar
Foot Locker (FL) reported its earnings before the opening bell today. The company’s revenue grew 1% to $2.02 billion, while...
Hibbett Sports play on with a 15% jump in profit
Shares of sporting goods store Hibbett Sports (HIBB) fell more than 15% during the pre-market trading after the company failed...
Kroger gobbles up Home Chef in second acquisition of the week
There is no denying that Kroger (KR), the grocery store chain, has suddenly emerged as a formidable player in the...
Ross Stores stock drops on weak outlook despite upbeat quarterly results
Off-price retail apparel operator Ross Stores (ROST) reported a 30% jump in earnings for the first quarter helped by higher...
Gap slips on Q1 earnings miss
Clothing retailer Gap Inc. (GPS) posted better-than-expected top-line in the first quarter, while the bottom-line missed expectations. The stock dropped...