LOS ANGELES/NEW YORK (Reuters) – FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company’s operating units.
(Reuters) – Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
(Reuters) – Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
PayPal announced today that it’s paying $400 million in cash for Hyperwallet, …read more […]
(Reuters) – Oracle Corp’s forecast for current-quarter profit missed analysts’ expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
A shakeup in the Dow will likely be the top story for investors on Wednesday as the economics and earnings calendar remains somewhat slow. …read more […]
(Reuters) – The Dow Jones Industrial Average is losing General Electric Co , the lone original component of the venerable blue-chip index that debuted in 1896.
(Reuters) – Starbucks Corp on Tuesday said it would close 150 cafes in some saturated U.S. markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 percent after hours.
WASHINGTON/BEIJING (Reuters) – China has underestimated U.S. President Donald Trump’s resolve to impose more tariffs unless it changes its “predatory” trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of Chinese imports possibly facing new duties.
(Reuters) – Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday.
CNBC’s Jim Cramer discusses the rise and fall of General Electric now that it’s been booted from the Dow Jones index. …read more […]
Walgreens Boots Alliance Inc will replace General Electric Co in the Dow Jones Industrial Average from June 26, S&P Dow Jones Indices said https://bit.ly/2K4IoSE on Tuesday. Walgreens’ share price is higher … …read more […]
(Reuters) – Walt Disney Co on Tuesday split the role of its outgoing creative head John Lasseter and appointed two Academy award winners to spearhead its two animation studios.
Oracle, which has cloud deals with AT&T (T.N) and Bank of America (BAC.N), is a late entrant to the cloud business and has been trying to catch up with rivals such as Amazon.com (AMZN.O), Microsoft (MSFT.O) and Salesforce.com (CRM.N). Oracle Chairman Larry Ellison said some of the company’s largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud. AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud, Ellison said. …read more […]
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.
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