UniFirst Q1 profit jumps 12%, beats estimates
UniFirst Corporation (UNF) reported a 12% jump in earnings for the first quarter of fiscal 2019 helped by higher revenues...
Bristol-Myers Squibb swallows Celgene for $74-bln; Celgene stock surges
Bristol-Myers Squibb (NYSE: BMY) acquired its peer Celgene (NASDAQ: CELG) in a $74-billion cash-and-stock deal. Under the agreement terms, Celgene...
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when...
2018 sees a new global leader in electric vehicle consumption
Despite their constant push, neither the US nor China could outbid the western European countries as a leader in the...
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The...
Apple cuts down Q1 revenue outlook, stock plummets
Apple (AAPL) started 2019 with an announcement that disappointed its investors. The tech giant’s CEO Tim Cook said in a...
Roku stock rises as it adds premium subscriptions to The Roku Channel
Streaming service company Roku Inc. (ROKU) announced that it is adding premium subscriptions to The Roku Channel. Roku customers will...
Recovery hopes brighten after GE starts 2019 on a positive note
Extending the positive momentum seen towards the end of last year, General Electric (GE) started 2019 with a surprise gain....
Dominion Energy adds SCANA Corp into its domain
SCANA Corp on Wednesday completed its assimilation into Dominion Energy (D), with the proposed merger bringing together consumers from Georgia,...
Cambrex Corp. completes acquisition of Avista Pharma solutions
Life sciences company Cambrex Corp. (CBM) Wednesday completed its previously announced acquisition of Avista Pharma Solutions, a biotech firm engaged...
Netflix poaches Activision CFO Spencer Neumann, stock falls on weak outlook
Shares of Netflix (NFLX) and Activision Blizzard (ATVI) dropped Wednesday amidst reports that the latter terminated its chief financial officer...
Tesla reports Q4 production and deliveries, reduces price in US
Tesla (TSLA) reported production and delivery numbers for the fourth quarter of 2018. The automaker produced 86,555 vehicles and delivered 90,700...
Resolute closes $300-million sale to boost financial flexibility
Resolute Forest Products (RFP) announced that it completed the $300-million sale of the Catawba, South Carolina, paper and pulp mill...
Soaring monthly sales lift semiconductor industry in 2018
Worldwide semiconductor sales soared 9.8% to $37.7 billion in November 2018. However, this was 1.1% lower than the October sales,...
A look at Twitter’s 2018 performance and 2019 expectations
Social media companies had an interesting year in 2018 and Twitter Inc. (TWTR) was no exception. Let’s take a quick...
Formlabs: A unicorn that is molding its space in the 3D printing market
Though relatively a newcomer, the 3D printing market holds a lot of promise. Due to the rapidly increasing commercial use...
The cannabis industry is high on deals and partnerships
The marijuana industry may be a relative newbie in the stock markets, but that isn’t stopping it from going on...
Companies reporting earnings this week: Jan 2 – 4
A slew of major companies are reporting earnings this week. Uniform provider UniFirst Corporation (UNF) will announce first-quarter earnings on...
Apple stock likely to be hurt by 5 headwinds
Apple (AAPL) stock has fallen to a new yearly low of $146.59 on Monday as trade tensions between the US...
Dell Technologies (NYSE: DELL) returns back as a public listed company
On Friday, Dell Technologies Class C common stock started trading on a regular basis in NYSE under the symbol DELL...
Wells Fargo to pay $575 million to settle US states claims
Wells Fargo & Co. (WFC) reached an agreement with the attorneys general from all 50 US states and the District...