Amazon pumps in $200 million for new distribution center in Charlotte
Charlotte officials on Monday gave Amazon (AMZN) the nod to build a new distribution center in the city. The company...
Warren Buffett ropes in Lee Enterprises to revive Berkshire newspapers
Warren Buffett’s Berkshire Hathaway (BRK-A) is seeking the service of industry experts to revamp its newspaper business, which is a...
Netflix will have 90 million US subscribers in less than a decade: Research firm
If you thought Netflix (NFLX) has reached the threshold of growth in the home market, you are probably wrong. Highlighting...
Toys ‘R’ Us closes remaining stores for good
After more than 70-years in business, the iconic toy retailer Toys ‘R’ Us will complete the closure of the remaining...
No antitrust violation by American Express, says SC
American Express (AXP) has won the lawsuit on credit card fees, with the Supreme Court declaring that the company’s anti-steering...
British firm mulls $1.3bn-lawsuit against Ford for putting dangerous vehicles on road
It all started when a frustrated customer in the UK created a Facebook page called ‘Ford EcoBoost Nightmare’ after her...
JinkoSolar stock drops on weak quarterly results
JinkoSolar Holding (JKS) reported a 93.3% dip in earnings for the first quarter due to lower solar module shipments and...
GE to sell healthcare unit and Baker Hughes stake; stock jumps 6%
Shareholders of General Electric (GE) got a morale booster on Tuesday when the company disclosed plans to spin off the...
Lennar smashes past street estimates in Q2
Shares of homebuilder Lennar (LEN) rose 2.6% during premarket trading after the company topped both top and bottom line estimations...
China’s richest eye Xiaomi IPO despite Shanghai index slump
As smartphone giant Xiaomi Corp readies itself for a mammoth IPO in Hong Kong, China’s billionaires are circling for a...
Why semiconductor stocks tumbled today?
Trade war tensions battered the US stock market today. Dow, S&P 500 and Nasdaq indexes were down 1.33%, 1.37% and...
Busy days ahead for the virtual space as cloud migration gathers steam
The leading cloud service providers have one thing in common – in most cases cloud is not their core business,...
Campbell rallies on rumored deal with Kraft
Reports have emerged that Kraft Heinz (KHC) is interested in buying Campbell Soup (CPB), sending Campbell shares soaring 10% during...
General Electric close to selling the industrial engine unit
The much-delayed sale of General Electric’s (GE) industrial gas engines unit is close to being finalized. Divesting the unit, which...
Trade war forces Harley-Davidson to shift production from the US
Thanks to the brewing trade war between the US and its allies, numerous automobile companies having customers around the globe...
Incoming Intel CEO has a plate full of problems to solve
Intel Corp. (INTC) is facing a shakeup after the unexpected exit of its CEO Brian Krzanich over non-fraternization policy violations....
AT&T buys AppNexus, will compete with Facebook and Google in digital ad space
Only a few days after getting the court’s green signal for the Time Warner deal, AT&T (T) has inked an...
Carnival Corp stock plunges on weak outlook despite upbeat 2Q results
Carnival Corporation (CCL/CUK) reported revenues and earnings that beat consensus estimates but the weak outlook made the stock trade in...
BGR leaks reveal budget iPhone X with upgraded LCD screen
Apple initiated its major design overhaul with the iPhone X in 2017. While the iPhone 8 and 8 Plus were...
Tesla might bill you for in-car WiFi from July 1
People today demand connectivity wherever they go, be it at home, or office. Similarly, demand for connected cars is also...
OPINION: Three hot stocks for the expert investor in you
02:30 AM ET, New York: In these turbulent times – with the threat of trade-tariff wars and the oil price...