Stock Market News Today — Caterpillar Inc. beat revenue expectations for the first quarter, thanks to higher demand for its mining and construction equipment. The machinery giant’s improved sales suggest that at least some corners of the […]
Stock Market News Today – Kraft Heinz Co. named a new chief executive, hiring the chief marketing officer and a former leader of brewer Anheuser-Busch InBev SA BUD 0.27% to lead the giant foodmaker’s attempted […]
Nestle First Quarter Growth | BY AIDANA IBRAGIMOVA | STOCK MARKET NEWS TODAY | Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and […]
Facebook And WhatsApp Outages | BY LEANDRO SANNA | STOCK MARKET NEWS TODAY | Facebook Inc (NASDAQ:FB) said it restored services on Sunday after some users could not access its social networking site, photo-sharing network Instagram and […]
JPMorgan Record Earnings | BY KYRA MYERS | STOCK MARKET NEWS TODAY | JPMorgan (NYSE:JPM) kicked off the first-quarter earnings seasons with a bang, as a strong performance in domestic lending drove it to a record quarter […]
Fiat Chrysler To Pay Tesla Hundreds Of Millions Of Euros To Pool Fleet | BY KYRA MYERS | STOCK MARKET NEWS TODAY | Italian carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla […]
Lyft Against Morgan Stanley | BY SANDRO VILLA | STOCK MARKET NEWS TODAY | In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products […]
Boeing To Cut 737 MAX Production | BY SANDRO VILLA | STOCK MARKET NEWS TODAY | Boeing will cut production of its 737 MAX by a fifth and appointed a special board committee to examine its development […]
Unicredit Will Buy Commerzbank? | By Aidana Ibragimova | Stock Market News Today | UniCredit could explore a merger with Commerzbank if talks with Deutsche fall through, two people with knowledge of the matter said on Thursday. […]
Emirates NBD To Buy Turkey’s Denizbank .BY ERIK SANNA | STOCK MARKET NEWS TODAY. Emirates NBD will buy Turkey’s fifth largest private bank for 15.48 billion lira ($2.8 billion), the Dubai bank said on Wednesday, compared […]
Lyft Inc. Stock-Trading Debut Friday .By Corrie Drietun. Lyft Inc. shares vaulted in their stock-trading debut Friday, as investors gobbled up the first real public opportunity to buy into the future of ride hailing. The […]
Wow Air Cancels All Flights Iceland’s low cost carrier Wow Air has canceled all flights and told passengers to book with other airlines. Its website has a travel alert that begins: “Wow Air has ceased […]
Apple Inc. unveiled a new credit card in partnership with Goldman Sachs Group Inc., a video-game subscription service and a news-subscription app, all part of a suite of services the tech giant is announcing Monday […]
the jeans maker jumps on an IPO wave being ridden most notably by big tech startups like Lyft Inc. and Uber Technologies Inc. The denim company is seeking a valuation of $5.8 billion at the […]
Netflix Inc, the world’s dominant streaming service, will not make its TV shows and movies available through Apple Inc’s upcoming video offering, Netflix Chief Executive Reed Hastings said on Monday. “We prefer to let our […]
Apple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25 event where it is expected to launch a television and video […]
U.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in the early stages of exploring a merger, people familiar with the matter said on Sunday. The deal talks come after Caesars agreed this […]
Deutsche Bank and Commerzbank on Sunday confirmed they were in talks to possibly merge, an indication that efforts to combine Germany’s two largest lenders are gaining pace. The announcement followed meetings of the management boards […]
The backlash against Boeing Co.’s 737 MAX jet escalated Tuesday, with groundings of the new jetliner spreading to Australia, Singapore and Latin America, amplifying the problem the company faces to contain the fallout from Sunday’s Ethiopian Airlines crash.
U.S. chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox’s Friday close. Shares of Mellanox rose 8.7 percent and Nvidia shares rose about 1 percent in premarket trading.
European plane maker Airbus for two decades was the biggest champion of the world’s largest airliners. After dumping the A380 superjumbo earlier this year, the jet maker is all but ceding the market for the very biggest airliners to rival Boeing Co.
Tech giant Microsoft is taking legal action against Foxconn parent Hon Hai, after the Taiwanese consumer-electronics manufacturer allegedly failed to comply with a patent-licensing agreement from 2013. In a Friday court filing, Microsoft accused Foxconn of failing to provide twice-yearly royalty reports concerning certain unspecified products and has not made royalty payments on time. The suit was filed in the U.S. District Court for the Northern District of California.
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.
Huawei Technologies Co. filed a lawsuit challenging a law signed by President Trump in August that restricts federal agencies from doing business with the Chinese company, the latest in a series of countermoves by the telecommunications giant.
The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line of professional-grade mechanics tools under the Craftsman Ultimate Collection brand.
Target delivered better-than-expected earnings during the critical holiday sales period as the retailer’s in-house brands and easy delivery options drew its strongest traffic and same-store sales growth in more than a decade. The company’s adjusted earnings per share hit a new record and its digital sales surged more than 25 percent for the fifth year in a row, even as its net income slid 26.5 percent.
Facebook Inc. and its photo-sharing app Instagram sued four companies and three people based in China for allegedly creating and selling fake online accounts, likes and followers that were used for misinformation campaigns and other scams.
The company said it hired former NBC Entertainment Chairman Robert Greenblatt to be chairman of a newly created unit called WarnerEntertainment—which combines HBO and Turner’s entertainment operations—and Direct-to-Consumer, which includes the streaming service WarnerMedia plans on launching later this year.
Biogen Inc said on Monday it will buy Nightstar Therapeutics Plc for about $800 million in cash as the company looks to tap into a potentially lucrative gene therapy market.
U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi’s iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion).
Bank of America plans to remove the Merrill Lynch name from its trading and investment-banking operations, executives said Monday. It will also rebrand the bulk of its wealth-management business as simply Merrill.
A deal for Spark could be announced Monday—if not sooner—at a price tag of nearly $5 billion, some of the people said. That would represent a big premium, given Spark had a market value of just under $2 billion as of Friday’s close. As always, the deal could still fall apart before the companies manage to make it official.
Kraft Heinz said it faced unexpectedly higher costs last year, and it has seen significant pressure on the value of its brands since its $49 billion merger in 2015. The writedown caused Kraft Heinz to swing to a fourth-quarter loss, marking a striking reversal after several years of radical cost-management efforts and higher profit margins that were seen as a model for the packaged-food industry.