Travel & Leisure
MGM Resorts Announces $2B Share Repurchase Program – Placed on Forbes’ Best Employers for 2018 List
Nevada-based resort and casino company MGM Resorts International (NYSE:MGM) recently announced that a new $2 billion USD share repurchase program had been authorized. The company has also ended its previous $1 billion share repurchase program that had ... [Read]
Entertainment
Disney Reports Q2 Results – Shares Drop
Disney shares drop as the entertainment company reports its earnings results for Q2. Walt Disney Company (NYSE:DIS) reported a revenue increase of 9% since the second quarter of 2017, rising from $13.34 billion US to nearly ... [Read]
Retail
Alibaba Buys Daraz to Step Into South Asia Market
Chinese online commerce giant Alibaba Group (NYSE:BABA) has purchased South Asian eCommerce platform Daraz for an undisclosed amount in a move which sees Alibaba expand its global reach. Alibaba Group has acquired the entire share ... [Read]
Restaurants
Nestlé Enters into $7 Billion Agreement With Starbucks
Starbucks Corp. (NASDAQ:SBUX) and Nestlé S.A. (SWISS:NESN.VX) have announced that they will be entering into an agreement where Nestlé will receive the rights to market, distribute and sell Starbucks brand products. These products include Starbucks ... [Read]
Autos
Ferrari to Hybridize its Vehicles by 2022- Releases Q1 Results
Popular luxury automotive manufacturer Ferrari (NYSE:RACE) release the first quarter report for fiscal 2018 on Thursday. Net revenue of the company increased by 1.3% to €831 million, or approximately $995 million USD. Total shipments for ... [Read]
Entertainment
Spotify Shares Dive After Reporting Q1 Results
Spotify shares dive: Shares of the music-sharing company Spotify (NYSE:SPOT) have taken a dive after the company reported its first-quarter financial results for 2018 on Wednesday. The Swedish company announced that for the first quarter ... [Read]
Beverages
Poor Q1 Results Drag Molson Coors Shares Down
Shares of the brewing company Molson Coors (NYSE:TAP) have gone down as a result of the company’s poor first quarter financial report. The report, which released on Wednesday, included a decrease in worldwide and global ... [Read]
Autos
Tesla Releases Q1 Financial Update
Electric automotive company Tesla (NASDAQ:TSLA) released its financial update for the first quarter of 2018, on Wednesday after the market had closed. Tesla has been in the spotlight several times in the past few months ... [Read]
Retail
Wayfair Shares Jump After Q1 Report
Shares of the online home furnishing and goods company Wayfair (NYSE:W) have jumped after the company released its report for the first quarter of 2018, on Wednesday. The company reported that retail net revenue grew ... [Read]
Autos
Tesla Being Sued By Nikola Motors for Possible Patent Infringement
Tesla (NASDAQ:TSLA) is being sued by the Utah-based hybrid truck design company Nikola Motors (private) for alleged design patent infringement. Nikola filed the lawsuit on Tuesday and claimed that Tesla copied several design patents, for ... [Read]