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FedEx Acquires 1000 Chanje Electric Vehicles

FedEx Acquires 1000 Chanje Electric Vehicles

FedEx Corp. (NYSE: FDX) announced on Tuesday that it will acquire 1,000 Change V8100 electric delivery vehicles to expand its fleet. FedEx will acquire 100 of the vehicles from Chanje Energy and lease 900 from Ryder Systems.FedEx says it will intend..

Quotient Limited Announced Fourth-Quarter Financial Results

Quotient Limited Announced Fourth-Quarter Financial Results

On Tuesday, Quotient Limited (NASDAQ: QTNT) announced its financial results for the fourth quarter of fiscal 2018.According to the commercial-stage diagnostics company, revenue for the fourth quarter increased 10.9% to $6.1 million. Operating loss f..

Skechers Down After Mixed Earnings Report

Skechers Down After Mixed Earnings Report

Skechers USA Inc (NYSE:SKX) shares fell more than 26% after the developer and marketer of footwear announced mixed financial results for the first quarter ended March 31, 2018. The company's sales grew 16.5 percent as a result of a 17.9 per..

AMC Entertainment Holdings Inc to Open First Cinema in Saudi Arabia

AMC Entertainment Holdings Inc to Open First Cinema in Saudi Arabia

Saudi Arabia’s Ministry of Culture and Information announced on Wednesday that it granted the first cinema operating license to AMC Entertainment Holdings Inc (NYSE: AMC). In a decision in December, the Ministry of Culture and Information anno..

Chinese Geely Buys Stake in Sweidsh Volvo

Chinese Geely Buys Stake in Sweidsh Volvo

On Wednesday, China’s privately-owned automotive group, Geely Holding, has announced plans to acquire an 8.2% share capital holding and 15.6% voting rights in the leading Swedish manufacturer of truck engines, AB Volvo. Chairman Li Shufu of Ge..

Microsoft Shares Jump on Better-than-expected Earnings

Microsoft Shares Jump on Better-than-expected Earnings

Microsoft Corporation (NASDAQ: MSFT) on Thursday reported revenue and earnings that beat analysts’ estimates, sending the stock to a new all-time high.The tech giant posted revenue of $24.54 percent in the first quarter of its 2018 fiscal..

Warren Buffett's Berkshire Hathaway Inc. Invests in Commercial REIT Store Capital

Warren Buffett's Berkshire Hathaway Inc. Invests in Commercial REIT Store Capital

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.B) has acquired 9.8% stake in Store Capital Corp. (NYSE: STOR), a real estate investment trust (REIT) from Scottsdale Arizona. This is an interesting development, as many investo..