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Macy’s, Inc. Earnings: Here’s What Went Wrong

Macy’s stock crashed on company’s weaker than expected earnings and disappointing full year guidance On Wednesday, Macy’s, Inc. (NYSE:M) stock tumbled 14% to $40.84, after the company released its third-quarter earnings. It made a record for biggest single day decline since February 2009. The entity failed to meet earnings estimates due to reduction in expenditures by customers … Read more

Oracle Corporation: After Such An Outlook, Where Can It Go?

Can the company’s substantial growth in cloud-computing be big enough to drive it forward? Oracle Corporation (NYSE:ORCL) announced the second-quarter earnings results for fiscal 2016 (2QFY16) after the market closed last night. The enterprise disclosed dry revenues for the recent quarter. The strength of dollar was one factor that negatively impacted the revenue. The company … Read more

Morgan Stanley: Why is the CEO Optimistic?

Brexit, China, or volatile market; Chief shows the brighter side of investors First-quarter earnings were bleak for the financial sector as a range of factors have impacted the profitability and revenues. Many analysts are not optimistic for rest of the year due to a poor start followed by a series of events that can deter … Read more

General Motors Imitates Tesla Motors; Launches Pre-Owned Platform

General Motors Announced To Launch A Pre-owned Vehicle Online Platform, Making It Easier For Customers To Purchase Its Used Vehicles Used vehicle market is gradually growing around the world, particularly in the US. Thus, the US automakers have started to realize its significance and following the industry disruptor – Tesla Motors Inc. (NASDAQ:TSLA). GM Launches … Read more

Walt Disney Co Likely To Sell Fusion Stake

Disney is reportedly in talks with Univision Communication to sell its stake in Fusion as it shifts focus to other ventures Walt Disney Co (NYSE:DIS) is said to be in negotiations with Univision Communications Inc. to sell its stake in Fusion – a joint cable and digital news network. The Wall Street Journal (WSJ) reported … Read more

Orbital ATK Inc Signs 5-Year IDIQ Contract with the US Defense Department

Orbital ATK has been awarded a five-year contract to supply non-standard ammunition to the department of defense. Orbital ATK Inc. (NYSE:OA) announced that the US Department of Defense (DOD) has awarded the company with an Indefinite Delivery Indefinite Quantity (IDIQ) contract. Under the terms, it is required to deliver non-US standard ammunition (NSA) and mortar … Read more

SolarCity Corp Stock Price Target Upgraded

Baird’s research note on SolarCity Corp stock after 2Q earnings report Business Finance News reviews Baird’s research note on SolarCity Corp stock after 2Q earnings report. SolarCity Corp. (NASDAQ:SCTY) published its second quarter earnings report for the fiscal year 2015 on July 29, beating the Street massively on revenues by $12.6 million, recording $102.8 million; … Read more