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Home Depot Posts Earnings That Smash Expectations

Home Depot Posts Earnings That Smash Expectations

Home Depot, the No. 1 home improvement chain in the United States, posted quarterly sales that were better than had been expected, helped by an increase in demand amidst an improvement in the country’s housing market. Shares of Home Depot, which increased its dividend for the quarter by 17% and […]

Fox Film Unit Disappoints Crimps Murdoch Company Earnings

Fox Film Unit Disappoints Crimps Murdoch Company Earnings

Despite getting help from Lucious and Cookie, 21st Century Fox, part of the Rupert Murdoch empire, fell short of revenue for the first quarter. The broadcast network of Fox delivered a strong performance for its quarter that ended December 31, with revenue higher for its NFL programming and its lineup […]

Microsoft Weighing $2 Billion Bid For Minecraft Parent Company (MSFT)

Microsoft Weighing $2 Billion Bid For Minecraft Parent Company (MSFT)

In yet another tech takeover of a smaller company, Microsoft is attempting to purchase Mojang, the parent company of Minecraft, for about $2 billion. This follows Facebook’s recent acquisition of virtual reality headset maker Oculus VR for $2 billion and Amazon’s $1 billion acquisition of Twitch, a streaming video site. […]

Cardinal Health Inc To Acquire The Harvard Drug Group For $1.15 Billion

Cardinal Health Inc To Acquire The Harvard Drug Group For $1.15 Billion

Cardinal Health Inc. (NYSE:CAH) has agreed to acquire drug distributor The Harvard Drug Group (THDG), which distributes over the counter (OTC) drugs, generic drugs, and other related products to retail, alternate care, and institutional customers. Cardinal Health announced it is expected to pay a sum of $1.15 billion to Court […]

Target in Early Stages of Mobile Wallet Development

Target in Early Stages of Mobile Wallet Development

Target Corp is in the initial stages of the development of a mobile wallet of its own, said people close to the situation. Target is joining fellow retailer Walmart Stores in posing a big threat to recent mobile payments systems such as Apple Pay. The fourth biggest retailer in the […]

China Removes Boss of Stock Market

China Removes Boss of Stock Market

China dismissed its top regulator of the stock market following a number of policy missteps, which contributed to a huge stock selloff. Xiao Gang was removed as the China Securities Regulatory Commission chairman reported state run news agency Xinhua on Sunday. Replacing Xiao was Liu Shiyu, who had been the […]

Here’s What Earnings Whispers Say About McKesson Corporation (MCK)

Here’s What Earnings Whispers Say About McKesson Corporation (MCK)

McKesson Corporation (NYSE:MCK) is scheduled to report fourth quarter of fiscal’19 (1QFY19) results after markets close on Tuesday. The earnings whispers expect the company to beat the consensus earnings estimate. According to earningswhispers.com, McKesson will report 1QFY19 Earnings per Share (EPS) of $2.78, growing 9.01% year-over-year (YoY), and beating the […]