IPO fears send Albertsons, Rite Aid apart
Rite Aid (RAD) and have Albertsons decided to terminate their $24 billion merger agreement due to stiff opposition from investors...
Retail
Now, Amazon woos shoppers with 30-minute grocery pickup
After ramping up its grocery offerings through the acquisition of Whole Foods last year, Amazon (AMZN) has been striving hard...
Now you will find Gobble meal kits on Walmart site
In a bid to take on rivals Amazon (AMZN) and Blue Apron (APRN) in the meal kits services segment, Walmart...
Papa John’s stock on a free fall post disappointing Q2 results
It’s been just a month since John Schnatter, founder of Papa John’s (PZZA) was ousted from the company due to...
Indra Nooyi steps down as PepsiCo CEO; Ramon Laguarta to succeed
PepsiCo’s (PEP) Indra Nooyi stepped down as the company’s CEO on Monday and the Board of Directors elected Ramon Laguarta...
Kraft Heinz stock jumps as Q2 results beat street view
An uptick in overseas sales pushed up Kraft Heinz’ (KHC) adjusted earnings in the second quarter, which also came in...
Brookstone files for second bankruptcy in four years
For the second time in the past four years, retail chain Brookstone has filed for Chapter 11 bankruptcy due to...
Bleak comp sales adulterate Yum! Brands’ Q2 earnings beat as stock drops
Multi-brand fast-food chain Yum! Brands (YUM) reported better-than-expected earnings for the second quarter as the continuing global expansion boosted sales....
The Kellogg Co posts wholesome quarterly profit jump
The Kellogg Co (K) posted a whopping 111% jump in earnings for the second quarter as key businesses and brands...
Blue Apron reports Q2 loss on lower revenues; stock plunges
Continuing the protracted losing streak, meal-kit company Blue Apron Holdings (APRN) Thursday reported a net loss for the second quarter,...
Amazon: this giant is going nowhere
Amazon.com Inc. (AMZN) delivered solid results on its second-quarter earnings last week. The company posted increases for all its key...
Tyson Foods shares plunge after profit outlook cut, blames Trump’s Tariffs
Tyson Foods (TSN) cut its annual profit forecast, blaming the uncertainty surrounding the brewing trade war as well as volatility...
Food safety scandals continue to haunt Chipotle
Chipotle (CMG) was still recovering from a string of food safety lapses that occurred in 2015. The prolonged crisis had...
P&G reports mixed results for Q4, shares drop
The Procter & Gamble Company (PG) beat analyst expectations on earnings but missed out on revenue for its final quarter...
Walmart takes a step closer towards building video streaming service
There were rumor mills suggesting that Walmart (WMT) is mulling a subscription streaming video service to battle with peers Netflix...
Earnings preview: Market bullish on Shopify ahead of Q2 results
There are multiple factors that make Shopify (SHOP) a distinctive entity in the Wall Street, such as its diverse product...
Overseas sales boost Under Armour topline in Q2
On Thursday, Under Armour (UA, UAA) witnessed a surge in its share price after the company beat top-line estimates during...
Loyalty members, sales push Starbucks profit higher in Q3
Coffee-shop chain Starbucks posted third-quarter earnings on Thursday, with net revenue jumping 11% to a record $6.3 billion. Profit was...
Face-Off: Amazon’s facial recognition tool really messed up this time
Amazon’s (AMZN) facial recognition tool Rekognition misidentified 28 Congress members as illegal suspects. The tool was tested by the American...
LIVE BLOG: Amazon Q2 2018 earnings call
Amazon shares are up about 3.2% at 6 PM ET Conference call ends Seeing good traction in Prime memberships Amazon’s...
Amazon stock climbs as profit hits new high in Q2
Amazon.com Inc. (AMZN) posted second-quarter earnings on Thursday, riding way past analyst expectations. Sales numbers, however, slightly missed the mark....