Electronic Arts’ revenue forecast for the holiday quarter narrowly missed estimates on Tuesday as the game developer gears to face tough competition from rivals such as Activision. Continue Reading Below Shares of the videogame publisher that closed up nearly 2 percent were down 3.4 percent at $115.60 in after-market trading. The […]
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Wal-Mart triples online items, lowers prices as holiday season kicks in
Wal-Mart Stores Inc is planning to boost sales and fend off rivals this holiday season by doubling down on incentives for shoppers who buy online and those who visit its stores. Continue Reading Below The world’s largest retailer said it tripled its online selections for the holiday season to 60 […]
Mastercard’s quarterly profit rises 21%
Oct 31 (Reuters) – Mastercard Inc. (MA), the world’s second-biggest payments network, reported a 21 percent rise in quarterly profit on Tuesday as consumers spent more globally and it fought for market share over other payment channels. Continue Reading Below Net income rose to $1.43 billion or $1.34 per share […]
Aetna’s profit rises 39% in 3rd quarter
Oct 31 (Reuters) – Aetna Inc. (AET) cut losses in its Obamacare business in the third quarter, helping the U.S. health insurer post a higher-than-expected profit and raise its full-year earnings forecast. Continue Reading Below Aetna’s results come days after Reuters reported that pharmacy operator CVS Health offered to buy the […]
U.S. trade panel set to recommend solar trade tariffs
Federal trade officials on Tuesday will recommend measures to safeguard struggling domestic solar panel manufacturers against cheap imports in a closely watched case that could have a major impact on the price of U.S. solar power. Continue Reading Below The vote by the U.S. International Trade Commission is a major […]
BP beats 3Q expectations, announces share buyback
BP said on Tuesday it will resume share buybacks after reporting a doubling in third-quarter profit in the clearest sign yet that the oil company is confident about a turnaround in a week when oil prices hit a two-year high above $60 a barrel. Continue Reading Below BP said it […]
Sony raises earnings outlook, expects best-ever annual profit
Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever profit due to strong sales of image sensors used in smartphones and other devices. Continue Reading Below The electronics firm forecast profit of 630 billion yen ($5.57 billion) for the year ending March, from […]
Apple could drop Qualcomm components in next year’s iPhones, iPads: sources
Apple has designed iPhones and iPads that would drop chips supplied by Qualcomm, according to two people familiar with the matter. Continue Reading Below The change would affect iPhones released in the fall of 2018, but Apple could still change course before then, these people said. They declined to be […]
Lennar to buy CalAtlantic Group in about $9.3b deal
Lennar said on Monday it would buy smaller rival CalAtlantic Group in a stock-and-cash deal valued at about $9.3 billion, including debt, to create the largest homebuilder in the United States. Continue Reading Below CalAtlantic’s shares were up 8.8 percent at $44 in premarket trading, while Lennar’s shares were untraded. […]
Novartis to buy France’s Advanced Accelerator for $3.9b
Swiss drugmaker Novartis on Monday offered to buy France’s Advanced Accelerator Applications in a $3.9 billion cash deal to strengthen the oncology portfolio at the world’s biggest maker of prescription medicines. Continue Reading Below Basel-based Novartis’s offer of $41 per ordinary share and $82 per American depositary share represents a […]