On Thursday, Dollar General said its profit had ended higher than expectations of Wall Street as traffic in its stores improved, though the company lowered its sales guidance for 2019. For its fiscal year that ends in January, the discount retailer said it was expecting growth of comparable sales to […]
Sprint Corp (NYSE:S) signed an agreement on Thursday, committing to establish and manage a free intelligent Wi-Fi network along an under-construction streetcar line in Kansas City. Cisco Systems, Inc. (NASDAQ:CSCO) will provide the software components for the development of the “Smart City” set of services, along with the Wi-Fi hardware […]
Alphabet is now the most valuable company in the world after taking the top spot from Cupertino. California based Apple. However, the quarterly earnings for the company report that is lost more than $3.6 billion in its projects it calls other bets and also known as moonshot projects. According to […]
Amazon has launched a new initiative to get regular feedback from its employees about their work environments. A new internal system, named Amazon Connections, sends daily questions to employees to collect responses on a wide variety of topics, including job satisfaction, leadership and training opportunities. The company started the program […]
Recently, China Cinda Asset Management Co. Ltd announced that it was teaming up with Alibaba Group Holding Ltd (NYSE:BABA) to auction 4 billion yuan ($645 million) of bad loans. These non-performing assets will be sold on Alibaba’s consumer-to-consumer (C2C) Taobao marketplace. China Cinda is one of four asset management companies […]
At a meeting with investors in New York, Walmart announced that its sales are expected to be flat this year. The retailer previously forecast that net sales would grow 1 to 2 percent for the current fiscal year, through January. The company explained that considerable investments in wages and in […]
Starboard Value the hedge fund is seeking to oust the entire Yahoo board of directors setting the stage for a big battle over the future of the Web giant that has lost some of its shine. Activist investor Starboard, is planning to announce sometime Thursday morning that it is going […]
Deutsche Bank has come up with a report on the stock of Whole Foods Market, Inc. (NASDAQ:WFM), reiterating its Hold rating for it, while reducing the price target for the stock by $14 to a revised target price of $40. The revision of estimates came following the earnings release for […]
