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Barnes & Noble Shares Soar After Investor Discusses Sale with Founder

Barnes & Noble Shares Soar After Investor Discusses Sale with Founder

Shares of Barnes & Noble Inc. (NYSE: BKS) jumped as much as 21% on Friday after investor Richard Schottenfeld disclosed a higher stake in the bookseller and said he had discussed with its founder a possible sale of the company.Schottenfeld discl..

U.S. Stocks Fall From Record High As Trade Tension Continues

U.S. Stocks Fall From Record High As Trade Tension Continues

U.S. Stocks fell on Thursday after a report said President Donald Trump is backing to impose new tariffs on USD 200 Billion Chinese goods.Major stock indexes ended a four-day wining streak Thursday. The Dow Jones Industrial Average fell 137 points. ..

Speaker Maker Sonos Closes at USD 19.91 with Valuation About USD 1.95 Billion after Thursday IPO

Speaker Maker Sonos Closes at USD 19.91 with Valuation About USD 1.95 Billion after Thursday IPO

Smart speaker company Sonos Inc (NASDAQ: SONO) stock jumped over 30% after its initial public offering (IPO) on Thursday. Shares opened at USD 16, 7% higher than its USD 15 starting selling price, and rose as high as USD 22 during early Friday tradi..

Google Partners with Digital Asset to Build Blockchain Apps

Google Partners with Digital Asset to Build Blockchain Apps

Alphabet Inc. (NASDAQ: GOOG)'s Google and financial technology startup, Digital Asset, announced on Monday a partnership to bring blockchain to Google Cloud. Google is currently increasing its use of blockchain technology to compete with Amazon...

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

International Business Machines Corporation(NYSE: IBM) asked a U.S. jury to award USD 167 Million in a lawsuit accusing Groupon,Inc. (NASDAQ: GRPN) for using patented technology from several high-end tech companies. IBM’s lawyer, John Desmarai..

Spanish Amazon Workers to Go on Strike for 3 Days

Spanish Amazon Workers to Go on Strike for 3 Days

Nearly 1,000 Spanish speaking Amazon (NASDAQ: AMZN) workers have been called on to go on strike and walk out for three days next week, during Amazon’s Prime Day week, by Spanish labor unions to dispute efforts to reduce worker rights. The stri..

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Major Drug Retailers Lose Over USD 12.8 Billion in Value

Shares of CVS (NYSE: CVS), Walgreens (NYSE: WBA) and Rite-Aid (NYSE: RAD) lost USD 12.8 Billion in value after Amazon.com, Inc. (NASDAQ: AMZN) announced that it had signed an agreement to buy the online pharmacy, PillPack, on Thursday.PillPack organ..