Takeda finally acquires Shire in a $62 billion deal
Perseverance finally paid off. After four snubs, Japan’s pharma company Takeda succeeded in notching the biggest deal ever in the...
Earnings
Papa John’s report disappointing top and bottom line results for Q1
American restaurant franchise company Papa John’s International (PZZA), whose stock plunged 28% over the course of last one year and...
Twilio’s 1Q revenue tops estimates; raises outlook
Twilio (TWLO) reported its first quarter results after the closing bell. The cloud platform’s revenues beat analyst estimates jumping 48%...
Monster Beverage posts downbeat earnings and revenue in first quarter
Monster Beverage Corporation (MNST) reported a 14.7% increase in net sales to $850.9 million for the first quarter of 2018...
TripAdvisor shares jump on Q1 earnings report
TripAdvisor’s (TRIP) shares took off after the company posted 2% gains in its first-quarter 2018 revenue, despite seeing profits wiped...
Electronic Arts stock up 2.5% on Q4 earnings beat
Earnings of video game maker Electronic Arts (EA) rose sharply in the fourth quarter as broad-based market share expansion lifted...
Disney posts upbeat Q2 results
Entertainment company Walt Disney (DIS) reported a 23% jump in earnings for the second quarter, helped by double-digit revenue growth...
Top analyst drops a bombshell, predicts Microsoft will buy Netflix
A media analyst with over four decades of experience just dropped a bombshell today. In an interview with CNBC, Porter...
Comcast gets in the way of Fox and Disney
Here comes a new twist in the whole Comcast-Sky-Fox-Disney tussle. Comcast (CMCSA) is said to be in discussions with investment...
ValueAct bets on Citi’s rebound; raises stake to $2.1 billion
This month, Wall Street witnessed some major equity transactions involving activist investors, who either hiked or trimmed their stake in...
Microchip Technology shares rally after upbeat quarterly results
Arizona-based chip maker Microchip Technology (MCHP) inched 1.88% during the pre-market trading after the company reported an upbeat result during...
Mondelez goes premium with Tate’s buyout
Mondelez (MDLZ) announced on Sunday that it has decided to buy New York-based Tate’s Bake Shop for $500 million. With...
Valeant revenue slips even as it grapples to revive its brand
Valeant Pharmaceuticals (VRX) reported total revenues of $1.99 billion for the first quarter of 2018, a decrease of 5% from...
Elliot Management bids for Athenahealth
Hedge fund Elliot Management Corp. has made an unsolicited bid for Athenahealth Inc. (ATHN) of $160 per share, or an...
Activist Investor Carl Icahn divests stake in AIG
Last week, we heard the news about Warren Buffett adding another 75 million shares of Apple (AAPL) and increasing Berkshire...
Global coffee alliance: Nestlé joins hands with Starbucks
In a mammoth coffee mix, Swiss giant Nestlé will team up with American sweetheart Starbucks (SBUX) to sell its coffee...
IFF agrees to buy Israel-based Frutarom
International Flavors and Fragrances Inc. (IFF) has agreed to acquire Israel-based natural ingredients producer Frutarom for about $7.1 billion. The...
Blackstone’s buying spree continues with Gramercy deal
Blackstone today announced that it’s buying Gramercy Property Trust (GPT) for $7.6 billion. The private equity (PE) firm has agreed...
Del Frisco’s acquires Barteca for $325 mln to spice up brand portfolio
After registering downbeat comparable sales and profit at the beginning of the fiscal year, steakhouse restaurant chain Del Frisco’s Restaurant...
Tyson Foods tumbles in pre-market on weak second quarter results
Tyson Foods (TSN) that specializes in chicken products missed earnings and sales estimates in its second quarter sending the shares...
Cognizant posts upbeat revenue in the first quarter
With a 10.3% rise in revenues of $3.91 billion, Cognizant Technology Solutions (CTSH) beat Street estimates in the first quarter...