Foes turn friends: Amazon ropes in Best Buy to sell new TV brand
Amazon (AMZN) has once again proved it has no permanent friends or foes. The retailer, which recently came under fire...
Earnings
Interest income bump lifts US Bancorp in the first quarter
U.S. Bancorp (USB) reported first quarter earnings of $0.96 per share, beating street estimates driven by bump in interest income...
New products drive sales at Abbott in Q1
Healthcare company Abbott Laboratories (ABT) reported worldwide sales of $7.4 billion for the first quarter of 2018, an increase of...
Active trading lifts Morgan Stanley results in Q1
Morgan Stanley (MS) — the last major investment bank to report earnings — soundly exceeded market expectations during the first quarter...
United Airlines beats street estimates amidst rising fuel costs
United Airlines (UAL) reported its first-quarter results on Tuesday after the closing. The company reported adjusted earnings of $0.50 per...
Intuitive Surgical profit soars 59% on da Vinci procedures demand
Intuitive Surgical (ISRG), the creator of the da Vinci robotic-assisted surgical system, reported a first-quarter profit that exceeded market consensus....
IBM shares plunge on downbeat outlook
Earnings of technology conglomerate IBM (IBM) declined in the first quarter, despite strong cloud revenue lifting the top line. However,...
Sanofi nears deal to sell its generic business unit Zentiva
Pharma sector is currently going through a volatile phase with companies shifting business models, either by divesting or swapping their...
Navistar shares rev up as Volkswagen eyes truck-maker buyout
German automaker Volkswagen has been passing through testing times over the past few years, and the crisis triggered by the...
Lower first-quarter expenses aid UnitedHealth as it raises full-year outlook
By keeping medical expenses in check despite a heavy flu season, the largest healthcare insurer in the US, UnitedHealth Group...
Goldman Sachs tops estimates; profit jumps 25%
Multinational investment banking titan Goldman Sachs (GS), which has been trying to recover its foothold in its critical trading units...
Cancer drugs lift Johnson & Johnson’s sales in Q1
Pharmaceutical giant Johnson & Johnson (JNJ) reported a 12.6% increase in sales to $20 billion for the first quarter of...
Xerox CEO faces suit after pushing Fujifilm deal
Xerox (XRX) chief Jeff Jacobson faces a fresh lawsuit from a major shareholder of the company for pursuing a deal...
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...
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...