JetBlue-Spirit Merger Grounded
In a noteworthy turn of events, JetBlue Airways’ ambitious plan to acquire Spirit Airlines for $3.8 billion has been thwarted by a federal judge. The judge upheld the U.S.&...
At Costco, the number of visitors exceeds pre-pandemic levels
In recent months, customers have returned to warehouse clubs at levels above pre-pandemic levels and Costco has shown overwhelming strength in terms of market share, a new report reveals....
Profit in the first half of the year
Microblogging service Twitter Inc. posted a net profit of $133.654 million for the first half of the year, compared with a loss of $1.386 billion a year earlier, the company said in a sta...
Dell and HP financials
Dell and HP's quarterly revenues and profits beat Wall Street analysts' expectations, with the companies expecting continued strong demand for personal computers during the year. However, investors are pessimistic, which was r...
American Express revenue
American Express Co (NYSE:AXP), one of the leaders in the U.S. plastic card market, posted a six-fold increase in net income in the first quarter to 2.2 billion dollars, or 2.74 dollars per share, compared with 367 million d...
US indices fall
Technology stocks declined on Wednesday and the preceding days, while stocks in the financial, industrial and other sectors, which could rise after a pandemic, increased.
Major US stock indices fell sharply on Wednesday, continuing ...
Production expansion
Albemarle, the world's largest lithium producer, plans to expand its production capacity amid expectations of strong growth in global demand in the coming years, including GM and Ford's switch to electri...
U.S. stock indices
The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus packa...
Walmart and Q4 earnings
Walmart shares fell on Thursday after the company reported lower revenues and profits than analysts' estimates, and gave a forecast of lower sales and profits due to rising wages and capital expenditure on the e-commerce...
Negotiations terminated
Apple has failed to secure a partnership with either Hyundai or Nissan to create an Apple-branded autonomous electric car, according to responses from company offici...
Japanese markets
Japan's Nikkei stock index fell on Friday, interrupting a four-day rally that lifted its value to a high of more than 30 years.
The Nikkei closed down 0.14 per cent to 29,520.07 points. The broader Topix index added 0.16% to 1,933....
Uber's Q4 results
Uber on Wednesday summarised its Q4 and full year 2020 results, reporting a modest recovery in taxi service trips and a 130% growth in delivery services.
Uber shares, which have shown a strong 102.4% rise over ...
Lyft earnings and forecasts
Lyft shares rose sharply after posting better-than-expected fourth-quarter results, although the number of active users of the taxi service is still down&nb...
U.S. stock market
US stock indices showed no unified dynamics in Wednesday's trading, with the Dow Jones Index hitting a record high.
The Dow Jones Industrial Average climbed 61.97 points (0.2 per cent) to 31437.8 points. The Standard Poor's 500 fe...
Buying Glu Mobile
Electronic Arts announced a deal on Monday to acquire major mobile game developer Glu Mobile. As a result of the deal, Electronic Arts' mobile games business will double and the company expects to incr...
New high
Twitter shares rose after reporting Q4 revenues and profits above Wall Street forecasts. However, Twitter missed expectations for user growth and also reported a 20% increase in staff this year, which will increase total costs by more than ...
Negotiations by the companies
Hyundai and KIA Motors (KS:000270) have denied media reports that they are allegedly in talks with Apple (NASDAQ:AAPL) to develop autonomous electric cars.
The South Korean carmaker notes that it has received requests ...
Rising value of indices
The US stock market surged in trading on Friday, with the S&P 500 and Nasdaq indices reaching record highs. By the end of last week Dow Jones indicator rose by 3.9%, the highest since the week ended November 13, notes Mar...
Ralph Lauren shops to be cut globally
US premium clothing manufacturer Ralph Lauren said it plans to cut up to 30% of its corporate real estate in North America, reduce space in Europe and Asia and close up to a dozen shops worldwide.
The company i...
Company's revenue growth
Pinterest ended the holiday fourth quarter with revenue growth of 76% as the COVID-19 pandemic boosted demand for digital advertising and Pinterest's advertising products were improved. The company is forecasting 70% revenue...
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