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Home2019May

Month: May 2019

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Business News

Walmart-owned Flipkart in talks to buy Indian grocery chain: report

May 1, 2019 admin Comments Off on Walmart-owned Flipkart in talks to buy Indian grocery chain: report

Walmart Inc-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources.

…read more […]

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Business News

Amazon opens its platform to local retail market in Israel

May 1, 2019 admin Comments Off on Amazon opens its platform to local retail market in Israel

E-commerce giant Amazon has reached out to Israeli retailers to enable them to sell directly to customers in Israel using its online platform.

…read more […]

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Business News

Google’s competition for advertising heats up from Amazon, rival platforms

May 1, 2019 admin Comments Off on Google’s competition for advertising heats up from Amazon, rival platforms

Alphabet Inc’s Google, the largest U.S. digital advertising platform, is facing increased competition from sites where people purchase products and places thought to be safe from potentially offensive content, advertising buyers say.

…read more […]

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Business News

Wall Street set for strong open as investors cheer Apple results

May 1, 2019 admin Comments Off on Wall Street set for strong open as investors cheer Apple results

Wall Street’s main indexes were set to open higher on Wednesday, as Apple Inc’s stellar results and forecast calmed concerns over slowing growth in corporate profits in the run up to the Federal Reserve’s latest policy announcement.

…read more […]

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Business News

Hulu achieves rapid growth, hits 26.8 million paid subscribers

May 1, 2019 admin Comments Off on Hulu achieves rapid growth, hits 26.8 million paid subscribers

Hulu on Wednesday said it has reached 26.8 million paid subscribers, a milestone that suggested rapid growth in the first four months of the year.

…read more […]

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GSK expects shingles drug sales to exceed $1.3 billion after ‘fantastic’ quarter

May 1, 2019 admin Comments Off on GSK expects shingles drug sales to exceed $1.3 billion after ‘fantastic’ quarter

GlaxoSmithKline forecast 2019 sales of its fast-growing shingles vaccine Shingrix to be “significantly” more than 1 billion pounds ($1.31 billion) on Wednesday as the British drugmaker outpaced first quarter forecasts.

…read more […]

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Nations using oil as a weapon threatens OPEC: Iran oil minister

May 1, 2019 admin Comments Off on Nations using oil as a weapon threatens OPEC: Iran oil minister

Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran’s Oil Minister Bijan Zanganeh said on Wednesday, according to SHANA, the news outlet of the oil ministry.

…read more […]

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Business News

Futures bounce as investors cheer Apple results

May 1, 2019 admin Comments Off on Futures bounce as investors cheer Apple results

U.S. stock index futures jumped on Wednesday, pointing to a strong open for Wall Street as Apple Inc’s stellar results and forecast allayed concerns about slowing growth in corporate profits.

…read more […]

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Yum Brands same-store sales beat on KFC strength

May 1, 2019 admin Comments Off on Yum Brands same-store sales beat on KFC strength

Yum Brands Inc beat analysts’ estimates for quarterly sales at established outlets on Wednesday, boosted by strong growth at its KFC chain.

…read more […]

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GSK first-quarter beats estimates on shingles vaccine surge

May 1, 2019 admin Comments Off on GSK first-quarter beats estimates on shingles vaccine surge

GlaxoSmithKline Plc reported better-than-expected first-quarter revenue and earnings on Wednesday, as sales of the British drugmaker’s fast-growing shingles vaccine surged another 60 percent.

…read more […]

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Yum Brands same-store sales beat estimates

May 1, 2019 admin Comments Off on Yum Brands same-store sales beat estimates

Yum Brands Inc beat analysts’ estimates for quarterly sales at established outlets on Wednesday, as strong growth at its KFC chain made up for another weak performance at Pizza Hut.

…read more […]

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Using oil as a weapon a threat to OPEC: Iran oil minister

May 1, 2019 admin Comments Off on Using oil as a weapon a threat to OPEC: Iran oil minister

Anyone who uses oil as a weapon is creating the death and collapse of OPEC, Iran’s oil minister Bijan Zanganeh said on Wednesday, according to SHANA, the news site of the oil ministry.

…read more […]

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Business News

Pilgrimage to see Warren Buffett out of step with populist mood

May 1, 2019 admin Comments Off on Pilgrimage to see Warren Buffett out of step with populist mood

When Warren Buffett takes the stage at Berkshire Hathaway Inc’s shareholders’ meeting on Saturday, the 88-year-old billionaire will be greeted, as usual, by tens of thousands of adoring followers from around the world.

…read more […]

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Business News

U.S. education groups McGraw-Hill, Cengage plan all-stock merger

May 1, 2019 admin Comments Off on U.S. education groups McGraw-Hill, Cengage plan all-stock merger

Educational publishers McGraw-Hill Education Inc and Cengage Learning Holdings II Inc are planning an all-stock merger, McGraw-Hill said on Wednesday.

…read more […]

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Allergan CEO Saunders wins vote to keep chairman role

May 1, 2019 admin Comments Off on Allergan CEO Saunders wins vote to keep chairman role

Allergan Plc shareholders have voted down a proposal to order the immediate split of the roles of chairman and chief executive, with 61.3 percent of shareholders backing Chairman and CEO Brent Saunders.

…read more […]

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