Lyft acquires bike-sharing start-up Motivate
Lyft is going toe-to-toe with rival Uber in order to keep up in the ride services market. Its latest move...
Earnings
Fuel hike forces Delta Airlines to tweak earnings guidance
Hit by an almost 50% hike in fuel prices, Delta Airlines today came out with a public update announcing an...
Acuity Brands shares jump more than 10% on earnings and revenue beat
Lighting solutions provider Acuity Brands (AYI) reported a profit decline for the third quarter, in line with the sluggish lighting...
Facebook mulling purchase of British AI firm Bloomsbury
Facebook (FB) is planning to buy British AI start-up Bloomsbury AI in an expected cash-and-stock deal that could be worth...
Nissan cancels sale of battery unit to GSR Capital
Nissan Motor has called off the deal to sell its battery-manufacturing unit, Automotive Energy Supply Corporation, to Chinese firm GSR...
Nestle looks at major acquisition amid activist investor’s call for change
Nestle SA is planning to acquire a majority stake in Canadian pet foods company, Champion Petfoods, for over $2 billion....
Novartis to demerge underperforming eyecare business Alcon
For the past few years, Novartis (NVS) has been concentrating more on the development of new drugs by bringing innovation...
KB Home stock rebounds after Q2 earnings beat
Benefitting from the strong demand for residential properties and higher prices, revenues of KB Home (KBH) rose sharply in the...
Constellation Brands stock dips on Q1 earnings miss
Beer-maker Constellation Brands (STZ) reported an earnings miss, in spite of beating sales expectations for the first quarter of fiscal...
Nike pops on earnings and revenue beat; North America returns to growth
Global sneaker giant Nike (NKE) reported above consensus earnings and revenue numbers for the fourth quarter, surpassing the management’s expectation...
A glance at the Sprint-T-Mobile merger and what comes with it
T-Mobile (TMUS) and Sprint (S) want to merge and they are trying to convince the authorities that they are doing...
Amazon swallows online pharmacy PillPack; gives a bitter pill to other drug store firms
Amazon (AMZN) inked a merger agreement with online pharmacy PillPack for an undisclosed amount. This deal, which is expected to...
Accenture beats earnings estimates as revenue jumps 16%
Professional services company Accenture (ACN) reported Q3 earnings that topped analysts estimates. During the quarter, the company reported earnings of...
Walgreens Boots Alliance sales jump in third quarter
Walgreens Boots Alliance (WBA) reported sales of $34.3 billion for the third quarter of 2018, an increase of 14% from...
Bed Bath & Beyond Q1 comps dip, reports in line earnings
The US home decor retailer Bed Bath & Beyond (BBBY) reported a beat on the top line results, while posted...
Rite Aid swings to profit in Q1 on one-time gains
Drugstore chain Rite Aid (RAD) swung to profit in the first quarter owing to one-time gains from the sale of...
The Fox-Disney-Comcast-Sky conundrum gets a new twist
21st Century Fox (FOX) does not want to go with Comcast (CMCSA). The Rupert Murdoch-owned media company tossed aside a...
HR and payroll services drive Paychex profit higher
Paychex (PAYX) reported a 17% jump in earnings for the fourth quarter, helped by an increase in revenue from HR...
General Mills posts better-than-expected earnings in Q4
Shares of General Mills (GIS) surged 1.50% during pre-market trading, after the company reported better-than-expected earnings during Q4 2018, aided...
Earnings Preview: Nike looks like an investment option worth trying
This week Nike (NKE) improved its position in the Dow Jones Industrial Average and clinched the second position, largely reflecting...
Earnings Preview: Walgreens Boots Alliance
General Electric’s (GE) replacement on the Dow index, drug retail chain Walgreens Boots Alliance (WBA), is said to have a...