economic

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 ..

Bannon's Exit Impacts Stock Market

Bannon's Exit Impacts Stock Market

Friday was a happening day both for the White House and the U.S. stock market. Steve Bannon quit as chief strategists, making room for plenty of speculation about what went wrong and whether the exit was voluntary or forced.  Apart from the fac..

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..

58.com Inc Shares Up After Strong Earnings Report

58.com Inc Shares Up After Strong Earnings Report

58.com Inc (NYSE: WUBA) shares up more than 14% Thursday, after tech company reported quarterly earnings. For the 2nd quarter 2017 the company reported total revenues were RMB2,593.3 million (US$382.8 million), a 33.3% increase from the same quarter..

Estee Lauder Co. Inc. Beats Q4 Results

Estee Lauder Co. Inc. Beats Q4 Results

Estee Lauder Co. Inc. (NYSE: EL) reported its fourth quarter earnings and beat estimates, boosting shares to an all time high.The company reported net sales of $2.89 billion, compared to an estimate of $2.85 billion, a 9 increase year over. Net earn..