Category: Enterprise

February 10, 2022

Coca-Cola Co. and PepsiCo Inc. reported higher quarterly sales as the global soda giants pushed through price increases but also felt the squeeze of higher costs for commodities and transportation. Coke’s organic revenue increased 9% in the quarter ended Dec. […]

February 3, 2022

Newly renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast late Wednesday, investors got […]

January 31, 2022

The London-listed stock was 4% ahead in early trading after Cevian Capital was said to have acquired an undisclosed chunk of the company to encourage it to lead a consolidation drive in Europe. That would be welcomed by analysts and […]

January 28, 2022

Apple Inc.’s latest record holiday quarter came in part because of excitement for the iPhone 13 in China, where homegrown Huawei Technologies Co. has seen a decline in its market share following U.S. sanctions. Greater China revenue rose 21% to […]

December 20, 2021

Oracle has confirmed a $28.3bn deal to buy healthcare tech firm Cerner. Following initial reports suggesting an acquisition was imminent, both companies have now confirmed the news, which at $95 a share is Oracle’s biggest ever deal. Cerner, which specializes […]

December 8, 2021

Nestlé S.A. has agreed to reduce its stake in L’Oréal SA in a $10 billion deal that allows the world’s biggest packaged-foods maker to capitalize on a rally in the French beauty giant’s share price. The maker of Nescafé coffee […]

November 22, 2021

Zoom Video Communications Inc. sales growth slowed last quarter as the extra demand for remote work and the company’s videoconferencing application eased, along with a pullback in the Covid-19 pandemic. The San Jose, Calif.-based company said its sales rose 35% […]

November 9, 2021

General Electric (NYSE:GE) Co said on Tuesday it was planning to split into three public companies as it looks to cut debt and streamline its business, sending its shares up 15% in premarket trading. GE said it would combine GE […]

October 29, 2021

Geely-owned automaker Volvo Cars said its initial public offering (IPO) was substantially oversubscribed as it geared up for its bourse debut in Stockholm later on Friday. Gothenburg-based Volvo Cars, owned by Geely Holding which will retain the vast majority of […]

October 25, 2021

A rumored merger between PayPal and Pinterest is no longer under consideration, and the two stocks are moving in opposite directions following the news. “In response to market rumors regarding a potential acquisition of Pinterest by PayPal, PayPal stated that […]

October 21, 2021

WeWork stock climbed in its first day of trading Thursday, two years after its efforts to launch an initial public offering crashed. The flexible-workspace company went public through a merger with BowX Acquisition, a special purpose acquisition company, with the […]

October 11, 2021

High-profile cyber attacks against Solarwinds and Colonial Pipeline have ignited increased spending in cybersecurity that is set to benefit Palo Alto Networks stock, according to a Sunday note from Wedbush. Wedbush raised its price target on Palo Alto Networks to […]

August 30, 2021

Shares of Globalstar popped as much as 68% on Monday amid ongoing speculation that its satellite-based technologies may be included in the upcoming iPhone 13. According to MacRumors, citing an analyst note from Ming-Chi Kuo of TFI Securities, Apple may […]

August 25, 2021

Salesforce.com Inc. reported a boost in quarterly sales and again lifted its full-year outlook in a sign that companies continue their bet on cloud computing for business applications as the Delta variant of Covid-19 spreads. The business-software provider has been […]

August 11, 2021

China’s Lenovo Group (OTC:LNVGY) Ltd said it expects strong demand for personal computers to continue until at least 2025 as the pandemic permanently changes how people live and work, after it reported a more than doubling in first-quarter profit. The […]

July 21, 2021

Shares of auto retailer Lithia Motors, Inc. (LAD) are up more than 7% Wednesday morning following upbeat second-quarter results. Net income in the second quarter increased 292% to $305 million or $10.75 per share from $78 million or $3.38 per […]

June 8, 2021

Tesla sold 33,463 China-made electric cars in May, including exports, a 29% jump from April, according to data from the China Passenger Car Association (CPCA) on Tuesday. China’s overall passenger vehicle sales jumped 1.1% to 1.66 million cars in May […]

June 4, 2021

Ford stock could climb another 12% with a boost from its refreshed vehicle lineup and inflation, JP Morgan says. In a note to clients on Friday, JP Morgan analysts led by Ryan Brinkman reiterated their “overweight” rating on shares of […]

May 24, 2021

Nvidia stock extended its gains to as much as 7% on Monday after the company announced a four-for-one stock split last Friday. Management said the split will help “make stock ownership more accessible to investors and employees,” according to a […]

May 21, 2021

One Tesla Inc (NASDAQ:TSLA) Wall Street analyst reduced his price target for the stock by 22% Friday and said investors should expect yet another equity offering from Tesla in the near future. The Tesla Analyst: BofA Securities analyst John Murphy […]