Uber sells Southeast Asia business to Grab
Uber has agreed to sell its Southeast Asian operations to Singapore-based competitor Grab, signaling its departure from a key market....
Earnings
China lifts Nike as shares jump on Q3 results
The growing demand for Nike’s (NKE) sneakers and sports equipment in the international market more than offset the softness in...
Accenture delivers high performance
True to its slogan, Accenture (ACN) delivered a solid performance for its second quarter of 2018 beating market expectations. Total...
ConAgra Brands reports 3Q results; Frozen foods boost profit
ConAgra Brands’ (CAG) – the maker of Ro-Tel and Healthy choice – efforts to change according to the varying food...
Pfizer’s dilemma: To sell or not to sell
Pfizer (PFE) has been contemplating on selling its consumer healthcare division for some time, and it had found two bidders...
Accenture reports double digit revenue growth; earnings benefit from US tax code
IT services provider Accenture (ACN) reported positive top and bottom line results for the second quarter. Revenue climbed by 14.9%...
Will the Bayer – Monsanto marriage happen?
Bayer and its U.S. peer Monsanto (MON) achieved a significant milestone after the European Union antitrust regulators approved Bayer’s $63.5...
General Mills slide on outlook cut, despite positive Q3 results
Packaged food company General Mills (GIS) reported better than expected earnings and sales for the third quarter. Meanwhile, operating profit...
Salesforce buying MuleSoft brings it up to speed
Salesforce (CRM) agreed to purchase integration software company MuleSoft (MULE) for $6.5 billion in a cash and stock deal. This...
FedEx delivers beyond expectations
FedEx Corp. (FDX) posted third-quarter 2018 results that exceeded market expectations. The company’s revenue and EPS numbers were higher compared...
A win-win deal: Walmart and FedEx join hands to ease logistics bottlenecks
In today’s multichannel retailing environment, the key to retaining customers is maximum convenience and competitive prices. Over the years, Walmart...
Oracle Q3 profit beats estimates; stock hit by softness in cloud business
Shares of software giant Oracle Corp. (ORCL) fell sharply today after the company’s third quarter results and the outlook for...
Children’s Place earnings climb 34%; Shares plunge on outlook, revenue miss
Benefitting from strong sales growth, pre-tax earnings of The Children’s Place (PLCE) jumped 34% in the fourth quarter, beating analysts’...
KLA-Tencor buys Orbotech: Semiconductor space in the grip of consolidation wave
That the fate of Broadcom’s (AVGO) hostile bid to take over Qualcomm (QCOM) is almost sealed, the former is reportedly...
Revlon reports declining sales; net loss widens
Cosmetics company Revlon (REV) reported declines in top and bottom line results, primarily hurt by steep fall in sales in...
Perry Ellis reports double digit sales growth
Fashion brand Perry Ellis (PERY) reported double digit growth in its fourth quarter sales, primarily fueled by high margin core...
Tiffany & Co: Q4 2017 snapshot
High-end fine jewelry retailer Tiffany (TIF) reported stellar sales for the holiday quarter jumping 8.5% year-over-year to $1.33 billion, driven...
Broadcom reports stellar results post Qualcomm deal blockade
Broadcom (AVGO) reported its first quarter results just days after the US government blocked the Qualcomm (QCOM) deal citing security...
Dollar General rises after upbeat forecast and higher same-store sales
Earnings of discount retailer Dollar General (DG) climbed 76.5% in the final quarter of 2017, helped by the benefit from...
Genesco profits jump 20% in Q4
Genesco (GCO) swung back to profit in the fourth quarter after being in red in the last two quarters. Profits...
Unilever ditches London for Rotterdam
In a major setback for the UK government, Unilever plc (UL) said it is planning to consolidate its headquarters in...