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Pepsico's Second-Quarter Earnings Beat Expectation

Pepsico's Second-Quarter Earnings Beat Expectation

On Tuesday, PepsiCo, Inc. (NASDAQ: PEP) announced its financial results for the second quarter of fiscal 2018. Both earnings and revenue beat analysts’ estimates, and shares of the company rallied 1.7% in premarket trading on Tuesday.According..

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Shares of Chinese smartphone maker Xiaomi Corp. opened to trade in Hong Kong on Monday and fell below its IPO price.The initial public offering price of Xiao was HK 17 per share, which is at the low end of an expected range. It gave Xiaomi a valuati..

IPG Acquires Acxiom’s Data Marketing Division for USD 2.3 Billion

IPG Acquires Acxiom’s Data Marketing Division for USD 2.3 Billion

Interpublic Group (NYSE: IPG) announced on Monday that it has entered into an agreement with Acxiom Corporation (NASDAQ: ACXM) to acquire its marketing solutions business unit for an all cash deal valued at USD 2.3 Billion.The deal combines IPG&rsqu..

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

Qualcomm-NXP $43 Billion Deal Approved by Chinese Regulators

QUALCOMM, Inc. (NASDAQ: QCOM) acquisition of NXP Semiconductors NV for $43 billion has been approved by Chinese regulators. The approval, which has been pending for 18 months, removes the final obstacle to the purchase. The decision will allow the t..

Qualcomm Doesn't Plan to Leave Data Center Market

Qualcomm Doesn't Plan to Leave Data Center Market

QUALCOMM, Inc. (NASDAQ: QCOM) doesn’t plan to abandon its efforts to create processors for data centers according to the company’s president Cristiano Amon. Qualcomm released chips using technology from Softbank Group Corp’s A..

Aurora Cannabis Expands Again in a 2.5 Billion Deal with MedReleaf

Aurora Cannabis Expands Again in a 2.5 Billion Deal with MedReleaf

Just months after  buying out CanniMed Therapeutics for C$1.23 billion ($1 billion U.S.D.)  making it the largest merger in Canada at the time, Aurora Cannabis Inc (TSE: ACB) announced on Monday that it will buy rival MedReleaf Corp (..

Escalating Trade Tensions Leads China to Threaten with New Tariffs

Escalating Trade Tensions Leads China to Threaten with New Tariffs

China warned on Friday that it would fight back “at any cost” with countermeasures in response to the U.S.’s tariffs, after President Donald Trump threatened to increase tariffs on Chinese goods by an additional $100 billion.&ldquo..