Citi Upgrades HP Inc. Stock
Citi recently upgraded HP Inc. stock, joining BofA Securities in their positive outlook for the company's sales of personal computers and free cash flow. Asiya Merchant, an analyst at Citi,…
Neighbourly Pharmacy Faces Setback in Takeover Deal
Neighbourly Pharmacy, a Canadian pharmacy-chain operator, experienced a decline in its shares on Monday due to a delay in finalizing a takeover deal with its majority owner, Persistence Capital Partners…
Anticipating Interest-Rate Cuts: Potential Boost for Stock Market
Markets may still be oblivious, but major banks are already bracing themselves for imminent interest-rate cuts. These financial institutions envision a scenario that could have a significant positive impact on…
NuScale Scraps Plans for Idaho Nuclear Plant
Blow to Nuclear Power Industry's Potential Growth Portland-based nuclear power company NuScale has recently announced that it is abandoning its plans to construct a groundbreaking nuclear plant in Idaho. This…
Challenges for Start-ups in the EV Charging Industry
The current operating environment has proven to be challenging for start-up companies that are not yet profitable, particularly in the face of higher interest rates and a slowing economy. However,…
Michael Pietsch Retires as CEO of Hachette Book Group
New York, NY - December 1, 2021 Hachette Book Group announced today that Michael Pietsch, the current CEO, will retire from his position. Effective January 1, 2022, David Shelley, the…
Alstom Faces Challenges as It Implements Restructuring Plan
Alstom, the French train maker, experienced a significant drop in its shares on Wednesday, leading to concerns about the company's debt level. In response to a cash flow warning in…
JD.com Beats Expectations in Q3
JD.com, the Chinese e-commerce giant, has surpassed analysts' expectations in the third quarter of 2023. Despite a slowdown in China's economy, JD.com's focus on price competitiveness and operational efficiency has…
Synopsys Introduces Revolutionary AI-Powered Chip Design Tool
Synopsys has made a groundbreaking announcement on Wednesday, unveiling a cutting-edge generative AI tool that aims to accelerate chip design. Recognizing the significant potential of applying artificial intelligence techniques to…
Palo Alto Networks Reports Strong Revenue and Profit Growth
Palo Alto Networks, a leading security software company, announced its financial results for the October quarter. While the company exceeded expectations in terms of revenue and profit, it fell short…
Melrose Industries Reports Strong Performance and Raises Aerospace Guidance
Corrections & Amplifications This headline was corrected at 0754 GMT to reflect Melrose Industries Sees FY24 Rev GBP3.5B-GBP3.7B. The original version incorrectly said Melrose Industries Raises FY24 View To Rev…
Cisco’s Weak Outlook Sends Ripples Through Networking Stocks
Shares in networking giants Juniper Networks and Arista Networks took a hit on Thursday following the disappointing outlook from Cisco. The tech leader reported a slowdown in new product orders…