business

Teva May Cut 10,000 Jobs

Teva May Cut 10,000 Jobs

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) has announced the cut of 10,000 jobs as the company aims to reduce $1.5 billion to $2 billion in costs over the next two years. Following this announcement, the drug maker’s U.S. shares increase..

Home Depot Updates Focus and $15 Billion Buyback

Home Depot Updates Focus and $15 Billion Buyback

Home Depot Inc. (NYSE: HD) announced its strategic focus, along with its fiscal year guidance and a $15 billion share repurchase authorization. Home Depot shares fell 1.5 percent Wednesday after open.In the statement, Home Depot said that it&rs..

Kroger Reports High Third Quarter Results

Kroger Reports High Third Quarter Results

On Thursday, Kroger Co (NYSE: KR) reported higher than expected third quarter results and forecasted upbeat same store sales for the upcoming holiday quarter following extreme discounting that made shares jump by 12.5%. The company expects sales at ..

Uber Adds Live Location Sharing

Uber Adds Live Location Sharing

Uber has announced new updates on their app designed to make the pickup process easier and faster just in time for the busy holiday travel season. Users can now do live location sharing allowing to temporarily share with the driver exactly where to ..

AECOM Posted Q4 Earnings, Releasing Guidance for Full-Year 2018

AECOM Posted Q4 Earnings, Releasing Guidance for Full-Year 2018

AECOM (NYSE: ACM) announced its financial results for the fourth quarter and full-year 2017 on Monday. In the statement, the company also released guidance for full-year 2018.For the fourth quarter, revenue of the company was $4.86 billion, beating ..

IBM Launches a 50-Qubit Quantum Computer

IBM Launches a 50-Qubit Quantum Computer

On Friday, International Business Machines Corp. (NYSE: IBM) introduced a quantum computer that handles 50 quantum qubits while also making a 20 qubit system as well that will be available through their cloud computing platform.Companies like I..

The American Tax Plan Unveiled; Asian Stocks Fall

The American Tax Plan Unveiled; Asian Stocks Fall

Friday saw the Asian stock markets facing immense pressure and this was linked to the unveiling of the tax reform law by the Senate Republicans on Thursday.There was 1.12 percent drop in the shares of Nikkei, an extension of the losses noted on Thur..