U.S. Markets News
Companies reporting earnings this week: Nov 12 – 16
A slew of major companies are reporting earnings this week. Home improvement retailer Home Depot (HD) will announce third-quarter earnings…
Microsoft pays $1.3 billion in cash in connection to GitHub deal
Tech giant Microsoft Corp (MSFT) in a Thursday filing said that it paid $1.3 billion in cash in connection to…
A bleak future awaits e-cig brands as the hype proves to be flawed
The safety of e-cigarette has been a point of contention ever since it was made popular by people who are…
Ford is acquiring scooter-sharing company Spin
Ford Motor Company (F) is acquiring scooter-sharing firm Spin in a deal said to be valued at $40 million, although…
Coca-Cola confirms energy drink launch as the Monster spat intensifies
On Thursday, The Coca-Cola Company (KO) confirmed its plans to launch two energy drinks under the brand Coca-Cola, in a…
Wynn Resorts stock dips on Macau slowdown concerns
Wynn Resorts (WYNN) stock plunged over 12% on Thursday as a slowdown at its Macau location is on cards. Executive…
Lenovo benefits from premium laptops as quarterly profit soars
Hong-Kong listed Chinese laptop maker Lenovo (HK:0992) saw second-quarter profit jump 21% to $168 million as premium PC sales lifted…
Activision Blizzard: Maybe Diablo Immortal is not that bad
Activision Blizzard (ATVI) has had a tough week. The company faced severe backlash from the gaming community after unveiling its…
SEC fines Citibank for mishandling American Depository Shares
The US Securities and Exchange Commission (SEC) finally caught up with the Citibank (C) and fined them $38 million for…
Mark Zuckerberg is busy tackling Russian hackers; declines to meet UK lawmakers
While Facebook (FB) chief Mark Zuckerberg has every right to think he has done his bit by plugging the social…