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...
Earnings
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...
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...
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...
What to expect from Netflix first quarter earnings on Monday?
Streaming major Netflix (NFLX) will report its first quarter 2018 results on April 16 after market close and the Wall...
Rite Aid sales drop 8.6% in 4Q
Pharma chain Rite Aid (RAD), which is in the process of being acquired by Albertsons, has struggled with the deteriorating...
BlackRock’s Q1 results exceed expectations
BlackRock Inc. (BLK) reported a 16% increase in its first-quarter 2018 revenues to $3.5 billion, ahead of market expectations. Earnings...
PNC Financial Services earnings preview: All’s well here!
PNC Financial (PNC) will kick-start this quarter’s bank earnings tomorrow at 6:45 AM ET and we are all ears with...
Oliver Schusser appointed Vice President of Apple Music
Apple Inc. (AAPL) appointed Oliver Schusser as Vice President of Apple Music and international content. He will be in charge...
Delta Air Lines posts flat EPS in Q1
Amidst concerns over rising oil prices and overcapacity, Delta Air Lines (DAL), the biggest US carrier by market value, reported...
Bed Bath & Beyond tanks on disappointing outlook
Domestic merchandise retail store chain Bed Bath & Beyond (BBBY) reported higher top line results for fourth quarter of 2017,...
Carl Icahn to sell Federal-Mogul to Tenneco for $5.4 billion
Almost after a decade after acquiring a major stake in auto-parts maker Federal-Mogul, billionaire activist Carl Icahn has decided to...
Fastenal reports double digit sales and profit increase for 1Q
Wholesale distributor of industrial and construction supplies Fastenal Company (FAST) reported double digit growth in its top and bottom line...
Apple to pay $502.6 million for patent infringement
Apple Inc (AAPL) was ordered to pay $502.6 million to VirnetX Holding Corp for infringement of secure communications patents. The...
Uber accelerates its ride-hailing services with the buyout of e-bike startup JUMP
Users of Uber can now reserve a bike for themselves as the company acquired a bike-sharing startup company JUMP for...
Expect stellar earnings from banks in Q1; Capital return could be disappointing
The earnings season is around the corner, and everything seems to be going well for the banking sector. Tepid volatility...