Carl Icahn signs massive deal to sell Tropicana Entertainment
Icahn Enterprises has decided to sell its casino venture Tropicana Entertainment (TPCA) to Gaming and Leisure Properties (GLPI) and Eldorado...
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...
Trade war: The US hands ZTE Corp an export ban
Just when you thought things couldn’t get worse between the U.S. and China, it appears to have done so. The...
Amex Earnings Preview: Will the new CEO deliver?
American Express (AXP) is expected to reports its first-quarter results on April 18th after the closing bell. The company’s stock...
Ad giant WPP at a crossroad after CEO Martin Sorrell’s abrupt exit
The dramatic rise of Sir Martin Sorrell in the corporate world has been an inspiration for many aspiring industrialists across...
Apple could have given you a gold iPhone X
It appears Apple (AAPL) had plans for a gold-colored iPhone X but decided against it. A document containing details of...
All eyes on IBM’s cloud, cognitive solutions ahead of earnings
When IBM (IBM) reported its fourth-quarter results in January this year, the company had topped both the revenue and earnings...
Shire’s cancer unit sale brings new twist to takeover bid by Japanese firm
The consolidation fever gripping American corporates has become more widespread this year, with more and more industries turning to M&As...
Merck, Pfizer need to jettison consumer health units before the market deteriorates
Over the last year, several consumer health units were put on sale. Both Pfizer (PFE) and Merck (MRK) planned to...
Market: Stocks set for higher open as Syria fears fade
US futures are pointing to a higher open today after ending lower on Friday, as geopolitical worries faded after President...
Qualcomm-NXP deal getting delayed, thanks to China-US spat
We had last month listed the companies that would be affected in the event of a trade war between the...
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...
Customer abuse: Wells Fargo may revise down Q1 numbers over $1-bln fine
For the last several years, Wells Fargo (WFC) has been making news for all the wrong reasons. During the long-drawn...
M&A Episode 5: Food and Agriculture
No matter how big the consumer industry becomes, the inevitable fact that the food and agriculture sector makes its foundation...
Everyone in entertainment biz wants a slice of the Netflix pie
The pace at which Netflix (NFLX) is signing partnership agreements with streaming companies and cable TV operators across the world...
JPMorgan trades in red despite record results in first quarter
JPMorgan Chase (JPM), the biggest U.S. bank by assets, reported record revenue and profits in the first quarter aided by...
Infosys posts strong Q4 results, beats expectations
Infosys Ltd. reported a 9.2% growth in revenues to $2.8 billion in its fourth quarter of 2018 compared to last...
GoPro finally gets a date, and it’s Xiaomi
It appears Chinese smartphone giant Xiaomi Inc. is interested in buying GoPro Inc. (GPRO) for about $1 billion, but not...
Will biosimilars play spoilsport in Johnson & Johnson earnings?
Pharmaceutical giant Johnson & Johnson’s (JNJ) earnings results are due on April 17 before the opening bell, amidst concerns over...
Wells Fargo tops Q1 estimates as profit jumps 5.2%
Bank holding company Wells Fargo (WFC), which has been under probe by many federal and state regulators for the last...
Citigroup Q1 earnings benefit from strong trading revenues, beat estimates
Global investment banking firm Citigroup Inc. (C) reported better-than-expected earnings for the first quarter of 2018, helped mainly by a...