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...
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Microsoft earnings preview: Expect thunderstorms out of the cloud
Microsoft (MSFT) is set to report its fourth quarter and full-year 2018 results on Thursday after the closing bell. The...
United Parcel Service starts testing smart lock technology
United Parcel Service (UPS) has reportedly started testing smart lock technology in New York City’s apartment buildings that let multiple...
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...
Deal Alert: Walmart, Microsoft find a common enemy in Amazon
Less than a week after striking a crucial deal with data-warehousing start-up Snowflake Computing to offer the latter’s service on...
Farnborough 2018: Boeing and Airbus land orders worth billions
The 2018 Farnborough Airshow, a biennial aviation display underway outside of London, has seen top airplane-makers Airbus and The Boeing...
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...
Earnings Preview: Low valuation makes eBay stock a safe investment
For most e-commerce companies, business growth depends a lot on their ability to fight against Amazon (AMZN) effectively, and eBay...
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...
Goldman Sachs tops estimates; profit jumps 44%
Multinational investment banking titan Goldman Sachs (GS), which named its operating chief David Solomon as successor to executive chief Lloyd...
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...
UnitedHealth Group reports Q2 earnings above estimates
UnitedHealth Group (UNH) reported revenues of $56.1 billion for the second quarter of 2018, a 12% increase year-over-year. Net earnings...
Fantastic Four: Top 4 tech stocks hit 52-week highs on Friday
At a time when some analysts predict a pullback in the Wall Street, four major tech stocks hit their new...
With $150-bln net worth, Amazon’s Jeff Bezos becomes the richest man in the world
This year, Amazon’s (AMZN) Prime Day event seems to have brought mixed fortunes for CEO Jeff Bezos. The three-day sale,...
Earnings Preview: What to expect from United Airlines Q2 2018 results?
United Airlines parent firm United Continental (UAL) is scheduled to report its second quarter earnings tomorrow after the closing bell....
AMD stock inches higher on growth prospect
Advanced Micro Devices (AMD) stock inched higher on Monday, with shares jumping more than 21% in the past 52 weeks...
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...
Goldman Sachs may name long-term executive David Solomon as CEO
Goldman Sachs Group (GS) has reportedly identified president and chief operating officer David Solomon as successor to Lloyd Blankfein, who...
Netflix stock slides on disappointing subscriber growth in Q2
Shares of Netflix (NFLX) fell sharply on Monday after the streaming giant reported lower than expected subscriber growth for 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...
IBM earnings preview: the Cloud might rain profits
IBM (IBM) is predicted to report its earnings after the market close on Wednesday. Most of the analysts are looking...