GE stock hits 20-year low as asset sales gather steam
It is after weighing every option at its disposal that General Electric Company (GE), the loss-making American conglomerate, realized that...
Earnings
Walmart’s potential deal with insurer Humana
Amazon’s (AMZN) foray into the healthcare sector has been considered as a disruptive threat by healthcare companies. There is no...
Alibaba digests Chinese food delivery platform Ele.me
Marking yet another huge deal, Alibaba Group (BABA) said it would take over food delivery app Ele.me for an estimated...
M&A Episode 4: Tailing Retail mergers
The retail industry forms such an enormous and vital part of our lives. It provides us with food and clothes,...
M&A Episode 3: Tech giants of Silicon Valley
Welcome to the Silicon Valley. The tech industry is an ever-changing, ever-evolving industry where changes take place so rapidly, and...
Renault and Nissan are considering a merger marriage
Renault and Nissan Motor have been partners for a long time, but now it seems they want something more solid....
CME Group buys UK-based NEX to create futures exchange behemoth
The first quarter of the year saw a slew of consolidation activities happening in the business world, making it one...
AngioDynamics misses Q3 revenue expectation; reports double digit earnings growth
Medical device manufacturer AngioDynamics’ (ANGO) third quarter 2018 revenue fell short of consensus estimate. The company’s revenue dropped 2.1% year-over-year,...
GameStop’s revenue and profit results top analysts’ estimates in Q4
GameStop (GME) delivered strong revenue growth of 15% for the fourth quarter of 2017 beating analysts’ expectations and sending the...
Movado beats revenue and adjusted profit expectations for Q4
Watchmaker Movado Group’s (MOV) revenue and adjusted profit for fourth quarter 2018 beat analyst expectations. However, the company swung to...
Nintendo Switch drives GameStop’s Q4 sales, provides weaker outlook for 2018
Video game industry is at its best with $108.9 billion in global revenue for 2017, representing a 8% growth compared...
Fourth quarter earnings beat adds momentum to Blackberry recovery
Troubled technology company Blackberry (BB), the mobile phone maker that transitioned into a software firm amidst continuing losses, improved its...
Takeda likely to make a move for Shire
Japanese pharma giant Takeda Pharmaceuticals is said to be planning to bid for London’s leading drug company Shire Pharmaceuticals (Nasdaq:...
Lululemon’s expansion spree pays off as Q4 results top expectations
Strong e-commerce sales and broad-based demand growth helped Yoga apparel maker Lululemon Athletica Inc. (LULU) achieve better than expected revenues...
BlackBerry reports Q4 2018 results; loss narrowed but revenues slide
Enterprise software and IoT giant BlackBerry (BB)Â continued its bad run for the fourth quarter, with revenue plunging 18.5% to $233...
Glaxo buys Novartis’ share of consumer healthcare joint venture
U.K.-based pharma giant GlaxoSmithKline (GSK), which holds about a two-thirds share in the Consumer Healthcare business JV with its partner...
Red Hat posts strong quarterly and full-year revenues
Red Hat reported solid growth in total revenues and subscription revenues for Q4 2018 and full year 2018. Quarterly results...
Analytics products help FactSet to report 14% revenue growth in Q2
Financial data and software company FactSet (FDS) reported splendid revenue growth for the second quarter of 2018, driven by increased...
Red Hat’s Q4 revenue jumps 23%
Open source software giant Red Hat (RHT) reported its fourth quarter 2018 results with revenue jumping 22.8% to $772.3 million....
Sportswear market: European firms setting new rules for the game
Sportswear companies in Europe, both retailers and manufacturers, have developed a unique penchant for the US market in recent years....
Paychex gains from strong HR activity; lifts FY18 outlook after Q3 revenue beat
Paychex (PAYX), a provider of payroll and HR services, reported yet another quarter of strong revenue and income growth that...