Industry News

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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Microsoft’s Market Cap Briefly Crosses $1 trillion

  Microsoft Corporation (Nasdaq: MSFT) and Facebook, Inc. (FB) started the tech earnings season, with both multinationals exceeding analysts anticipations. Specifically, Microsoft shares leaped more than 5% percent on Thursday, nudging the software behemoth beyond $1 trillion market capitalization on

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Credit Suisse Starts Covering Apple With ‘Neutral’ Rating

  In a research note, the Credit Suisse analyst said that Apple’s (Nasdaq: AAPL) stock would not be appealing after its latest upswing because it takes more time than expected for the transition from hardware to services. Also, the bank

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UBS Analyst Reiterates Sell Rating On Caterpillar

  UBS analyst Steven Fisher issued a bearish report on the stock of Caterpillar (NYSE: CAT) yesterday and reaffirmed his ‘sell’ rating. However, the market discarded the gloomy news from UBS that discusses the negative effect of declining demand for

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Micron Gets Outperform Rating From RBC Capital Markets

  An equity research report published by RBC Capital Markets has recommended investing in Micron Technology (Nasdaq: MU) shares on the basis of possible bottoming out of memory chip prices in the upcoming months. Notably, the stock has gained nearly

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