Stock Market News

HP Board Rejects Xerox’s Take Over Bid

  The shares of Xerox Holdings Corp (XRX: NYSE) declined 1.55% or $0.61 to close at $38.69 yesterday after the board of directors of HP Inc (NYSE: HPQ) collectively brushed away the acquisition bid made by the digital document products

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Amazon Files Lawsuit Against US DoD Over JEDI Contract

  The cloud division of the online retailer Amazon.com, Inc. (Nasdaq: AMZN) has filed a lawsuit at the Court of Federal Claims against the US Department of Defense (Pentagon) on November 8th regarding the latter’s decision to bestow the $10

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DHL Beats Q3 Estimates, Reaffirms EBIT View For FY 2019, 2020

  Shares of Deutsche Post DHL Group (OTC: DPSGY, XETRA: DPWGn.DE) gained 3.13% or $1.13 on Tuesday to close at $37.30 after the company reported fiscal 2019 third-quarter net income that tripled from last year. The German package delivery and

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Dropbox Q3 Loss Widens, Beats Estimates

  The file-hosting service Dropbox, Inc. (Nasdaq: DBX) posted Q3 GAAP net loss that widened from last year. However, the quarterly earnings and revenue surpassed analysts’ expectations. Still, the market punished the stock, which lost $1.16 or 5.56% to close

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Xerox Ends 57-year Partnership With Fujifilm

  Xerox Holdings Corporation (NYSE: XRX) has announced the sale of its 25% stake in Fuji Xerox to Fujifilm in a deal worth $2.30 billion, effectively terminating a 57-year partnership between the two office automation giants. A joint venture deal

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Google Buys Wearables Company Fitbit for $2.1bln

  Google holding company Alphabet Inc (Nasdaq: GOOG) announced on Friday that it is acquiring Fitbit (NYSE: FIT), a wearables company, in a deal valued at roughly $2.10 billion or $7.35 per share. The takeover pits Google against tech giant

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AT&T Q3 EPS Beats Estimates, Announces 3-Year Guidance

  AT&T Inc. (NYSE: T) reported better than anticipated fiscal 2019 third-quarter results. Additionally, the company also published its 3-year financial forecast and capital expenditure plan, allowing the enterprise to invest in areas of growth, slash debt, and retire shares.

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Intel Beats Q3 Estimates, Raises FY 2019 EPS, Revenue View

  Intel Corporation (Nasdaq: INTC) reported better-than-anticipated fiscal 2019 third-quarter results, led by the strong performance of Mobileye and memory business. The company also lifted its FY 2019 earnings outlook, while announcing an increase in stock repurchase program. Following the

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SAP Reveals 3-year Cloud Partnership With Microsoft

  Enterprise software developer SAP SE (NYSE: SAP, XETRA: SAP-DE) said on Monday that it had entered into a three-year agreement with Microsoft to assist its long-list of enterprise clients move their business activities into the cloud. The agreement resolves

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AmEx Beats 3Q Earnings Estimate on Higher Spending

  American Express (NYSE: AXP) on Friday reported third-quarter earnings and revenue that beat analysts’ expectations. Higher spending by card members, an increase in net interest income, and a hike in annual card fees enabled the company to post 8%

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