business

American Eagle Outfitters Announced Second-Quarter Financial Results

American Eagle Outfitters Announced Second-Quarter Financial Results

On Wednesday, American Eagle Outfitters, Inc. (NYSE: AEO), a leading global specialty retailer, announced its financial results for the second quarter of 2017. After the announcement, shares of the company increased 11.4% on Wednesday.Total net reve..

IBM Teams Up with Food Giants on Blockchain

IBM Teams Up with Food Giants on Blockchain

Food giants such as Nestle, Wal-Mart Stores Inc (NYSE: WMT), and Unilever NV (NYSE: UN) have joined together to announce a blockchain collaboration with International Business Machines Corp. (NYSE: IBM). Blockchains is a technology that is based on ..

Cisco to Buy Springpath for $320 Million

Cisco to Buy Springpath for $320 Million

Cisco Systems Inc. (NASDAQ: CSCO) announced plans to purchase Springpath, a hyper-convergence startup, for $320 million and equity awards.With the acquisition of Springpath, Cisco plans to revolutionize the data center through its innovative Sp..

Herbalife Shares Jump as Company Announces Dutch Auction Self-Tender Offer

Herbalife Shares Jump as Company Announces Dutch Auction Self-Tender Offer

Herbalife Ltd. (NYSE: HLF) stock up about 11% after the nutrition company announced that it has, “commenced a modified Dutch auction self-tender offer to purchase for cash up to an aggregate of $600 million of shares of its common stock at a p..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

Gap shares rise after surpassing Q2 estimates

Gap shares rise after surpassing Q2 estimates

Shares of Gap Inc. (NYSE: GPS) rallied more than 6 percent in extended-hours trading after the retailer reported better than expected second quarter results and raised its full-year profit forecast on Thursday, Reuters reports.The company’s ne..

Wal-Mart Stores, Inc. Reported its Second Quarter, Shares Down

Wal-Mart Stores, Inc. Reported its Second Quarter, Shares Down

Wal-Mart Stores, Inc. (NYSE: WMT) reported its second quarter earnings for the 2018 fiscal year and beat estimates. Shares were down almost 3 percent during pre-market.Wal-Mart posted adjusted earnings of $1.08 compared to an estimate of $1.07 per s..