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Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour to Cut 3% of Workforce, Shares Jump

Under Armour Inc. (NYSE: UAA) said on Thursday that its restructuring program will now cost more than it previously expected: It plans to cut about 400 jobs, or about 3% of its global workforce, by March.Under Armour shares jumped nearly 7% in midda..

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..

iPhone Prices Could Rise 20% Under Trump’s Plan

iPhone Prices Could Rise 20% Under Trump’s Plan

iPhone prices will rise significantly if Apple Inc.(NASDAQ: AAPL) assembles the smartphone domestically, according to Bank of America Merrill Lynch.On Saturday, President Donald Trump tweeted Apple should manufacture its products in the U.S. to avoi..

Lululemon Shares Jump on Better-than-Expected Earnings

Lululemon Shares Jump on Better-than-Expected Earnings

Shares of Lululemon Athletica Inc. (NASDAQ: LULU) soared on Friday after the athletic retailer reported second quarter earnings that beat analysts’ estimates, boosted by strong growth in online sales.The Company said net revenue rose 25% to US..

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Dick’s Sporting Goods Misses Sales Expectations, Blames Under Armour

Shares of Dick’s Sporting Goods (NYSE: DKS) dropped more than 9% on Wednesday morning following a report that the retailer sold less merchandise during the second quarter than analysts were expecting.The sporting-goods retailer earned USD 1.20..

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Shares Tumble Same-store Sales for Gap Stores Miss Expectation

Gap Inc. (NYSE: GPS) on Thursday announced second quarter revenue and earnings that beat analysts’ estimates, but comparable sales for its Gap brand missed analysts’ expectations, sending its shares down more than 10%.The apparel Company..

Kohl’s shares fall despite topping earnings and sales expectations

Kohl’s shares fall despite topping earnings and sales expectations

Shares of Kohl’s Corp. (NYSE: KSS) plunged on Tuesday despite reporting fiscal second-quarter earnings that topped Wall Street profit and sales estimates and raising its profit outlook for the year.Department store chains like Kohl’s and..