Industry News

Apple Up on Launch of New iPhone’s at Attractive Prices

  The shares of Apple Inc. (Nasdaq: AAPL) have been gaining for the past three trading days after the tech company launched three new versions of its iPhones on Tuesday. Furthermore, the company also unveiled a Watch and TV subscription

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GE Up As Citigroup Foresees Meaningful Turnaround

  The shares of General Electric (NYSE: GE) has appreciated for the past two trading sessions after Citi analyst Andrew Kaplowitz issued an optimistic report about the company’s future while reiterating his “buy” rating. Notably, Kaplowitz is the third analyst

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Dollar General Surges 10% As Q2 Earnings Blew Estimates

e   The shares of the American chain of variety stores Dollar General Corporation (NYSE: DG) rose 10.68% or $15.06 to close at $156.09 yesterday after the $36.43 billion enterprise easily surpassed the Street estimates for the second quarter of

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Nordstrom Posts Mixed Q2 Results, Cuts FY19 Outlook

  Shares of the luxury department store chain Nordstrom, Inc. (NYSE: JWN) soared 15.26% or $4.21 to close at $30.75 after the company posted mixed quarterly results that showed a decline in sales, but blew away Wall Street earnings forecasts.

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Walmart Beats Q2 Earnings Expectations, Boosts FY20 View

  The world’s largest retailer Walmart Inc. (NYSE: WMT) reported a swing to profit in the second quarter of fiscal 2020, compared to a net loss in the year-ago period. The third-largest employer in the world also exceeded the Wall

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Salesforce Acquires Field Service Firm ClickSoftware

  Just days after completing the massive $15.7 billion Tableau deal, US cloud computing company Salesforce.com, inc. (NYSE: CRM) announced that it has acquired field service software enterprise ClickSoftware in a cash and stock deal worth $1.35 billion. Salesforce has

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Qualcomm Tumbles On Weak Q3 Sales, Issues Dismal Q4 View

  US semiconductor and telecom equipment firm Qualcomm Incorporated (Nasdaq: QCOM) reported lower-than-anticipated revenues in the third quarter and a dismal outlook for the fourth quarter. Earnings, however, beat analysts’ estimates. Following weak results and disappointing Q3 forecast, the stock

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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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