Computer Hardware
Apple Reports Positive Q2 Results
Apple’s Q2 Results were released on Tuesday after the market had closed. The company saw a growth in revenue of 16%, compared with the previous year’s second-quarter results, to $61.1 billion USD. Revenue grew in all geographic locations ... [Read]
Retail
Gibson Files for Chapter 11 Bankruptcy
Gibson Files for Bankruptcy: The iconic American guitar and music company Gibson Brands Inc. (private) filed for Chapter 11 bankruptcy at a US Bankruptcy Court, on Tuesday. The company has entered into a “Restructuring Support ... [Read]
Retail
Hanesbrands Posts Positive Q1 Results
American basic apparel company Hanesbrands Inc (NYSE:HBI) released positive results from its first quarter financial earnings report. Net sales for the company grew by 7% to USD $1.47 billion, which is significantly higher than the ... [Read]
Online Media
Snapchat Reports Q1 Financial Results
Snapchat (NYSE:SNAP) released its first quarter financial results on Tuesday after the market had closed for the day. Revenue of the social media company went up 54% year-over-year to $230.7 million as a result of ... [Read]
Retail
Shares of Luxury Goods Company Tapestry Inc. Sink
Shares of the New York-based luxury goods company Tapestry Inc. (NYSE:TPR) sunk on Tuesday after the company released its most recent third-quarter financial results. Tapestry, who owns iconic brands such as Kate Spade, Stuart Weitzman ... [Read]
Industrials
The Fight for the Australian Cannabis Market – Aurora and Canopy Growth Corp Could go Head to Head
Canopy Growth Corp stocks (TSE:WEED) are continuing an upward surge today after a strong end to last week. Prices have jumped 10.13% to $30.11 CAD in the past 24 hours, bringing the firm’s market cap to ... [Read]
Industrial Products
Engine-Maker Cummins Suffers Share Drop Over Engine Repairs
Cummins stocks are down -5.60% today on the news that the firm has been hit by costs of nearly $200 million as it sets out to improve emissions from its engines in response to regulatory ... [Read]
Asset Management
Financial Engines Inc. to be Acquired by Hellman & Friedman – Shares Soar
Shares of the California-based asset management company Financial Engines Inc. (NASDAQ:FNGN) soared over 30% on Monday after the company announced that they will be acquired by Hellman & Friedman (private). Financial Engines will be purchased ... [Read]
Travel & Leisure
Marriott Vacations to Purchase ILG
The American resort company Marriott Vacations (NYSE:VAC) announced Monday that they would be purchasing ILG, Inc. (NASDAQ:ILG). Marriott Vacations will be buying ILG, a Florida-based timeshare company, for approximately US $4.7 billion. Shareholders of ILG ... [Read]
Oil & Gas
Marathon Petroleum and Andeavor Enter Merger Agreement
Ohio-based Marathon Petroleum (NYSE:MPC) announced Monday that they would be entering into a merger agreement with the Texas-based oil company Andeavor (NYSE:ANDV). Marathon will be purchasing Andeavor for approximately USD $23.3 billion. The merger was ... [Read]