Industry News

Morgan Stanley Beats Q2 Estimates, Despite Trading Woes

  Morgan Stanley (NYSE: MS) reported a Q2 profit that exceeded Wall Street estimates as a strong equity market enabled two of the financial institutions three main divisions post impressive performance. The company’s board also authorized a $6 billion share

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FAA Identifies New Issue On Grounded Boeing 737 Max

  Aircraft manufacturer Boeing Company’s (NYSE: BA) plans to bring back its 737 Max jet to service got delayed again as the Federal Aviation Administration (FAA) has pointed out a new technical issue in the plane. So, government authorities will

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Adidas Loses Trade Mark Battle in Europe

  The sportswear company Adidas AG (OTC: ADDYY) once again lost a court battle regarding the three-stripe logo on footwear, clothing, and headgear. While pouring cold water over Adidas’ plans to expand its trademark three-stripe design in the EU, the

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Morgan Stanley Turns Bullish On Disney’s Streaming Service

  The shares of Walt Disney Company (DIS) recorded a new yearly high of $142.37 yesterday after Morgan Stanley analyst Benjamin Swinburne opined that the Disney+, the media company’s streaming service, will add subscribers faster than anticipated. Swinburne also stated

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Google Acquires Data Analytics Firm Lookers For $2.60bln.

  The stock of Alphabet Inc. (Nasdaq: GOOG) has gained $2.12 or $0.20 to close at $1,044.34 after the company disclosed the decision to acquire Looker, a data and analytics software company in an all-cash deal worth $2.60 billion. It

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Elon Musk Says Tesla Is Lagging In Vehicle Deliveries

  In his internal memo to employees, the second one in the past two weeks, Tesla Inc.’s (NASDQ: TSLA) CEO Elon Musk has opined that the company is lagging in deliveries but continues to see robust demand for its models.

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HPE Posts Mixed Q2 Results, Raises FY19 EPS View

  After the market closed on Thursday, Hewlett Packard Enterprise (HPE) reported a second-quarter profit that surpassed the Wall Street estimates. However, revenues missed analysts’ anticipations. The company also upwardly revised its full-year earnings outlook. HPE ended Thursday’s trading session

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Walmart Posts Mixed Q1 Results, Despite Best Comp In 9yrs

  The retail chain, Walmart Inc. (NYSE: WMT) yesterday reported an 80% y-o-y increase in the fiscal 2019 first-quarter profit, mirroring steep rise in revenues and impressive performance of the company’s subsidiary JD.com. Excluding charges, adjusted earnings per share for

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Deutsche Telekom Reports Weak 1Q19 Results

  The German telecom giant Deutsche Telekom AG (DTEGY.PK) reported a decline in fiscal 2019 first-quarter net profit, despite posting a year-on-year increase in pre-tax profit on revenue strength. The financial institution declared a better performance in all regions, particularly

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3M Acquires Medical Tech Firm Acelity For $6.7bln

  3M (NYSE: MMM) today announced that it had inked a definitive agreement (private deal) to buyout the wound therapy company Acelity Inc. and its KCI subsidiaries worldwide in a deal estimated to be $6.7 billion, including debt. Based on

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