Bed Bath & Beyond Inc. (NASDAQ:BBBY), a domestic merchandise chain store, yesterday reported financial year’s second quarter profit of $224 million and a per share net profit of $1.17, beating Wall Street’s expectations. In terms of total revenue, Wall Street had projected $2.9 billion, but the company posted $2.94 billion. The company’s earnings per share…
Herbalife Ltd. (HLF) Takes A Breath With Recent News
When rumors came out on Monday that billionaire Carl Icahn was offloading his stake at Herbalife Ltd. (NYSE:HLF), the company stock went down below $39 for the first time in more than a year. However, when Fox Business’ Charles Gasparino tweeted that Icahn hadn’t sold his shares, the stock jumped up again, posting 8.31% to…
Facebook Inc (FB) To Launch a More Advanced Tool for Advertisers
There is something that has been giving many advertisers sleepless nights, and Facebook Inc (NASDAQ:FB) seems to have the solution. At an event next week in New York City, the world’s largest social network is expected to launch a tool that will bring the much needed solution to advertisers. The new ad tool called Atlas,…
Tesla Motors Inc (TSLA) Might Lose Its Focus On Core Business With The Investment Of The Gigafactory
Tesla Motors Inc (NASDAQ:TSLA) recently announced the grand plan to construct a $billion gigafactory in Nevada, and the company received approval of the lawmakers plus the Governor. That means bigger things for Tesla Motors Inc, but it could mean something as well on the core business of the company. According to Tesla Motors Inc (NASDAQ:TSLA)…
Apple Inc. (AAPL) Not Planning To Do Away With Beats Music But May Rebrand
Rumors went out that Apple Inc. (NASDAQ:AAPL) could be planning to shut down Beats Music, a music streaming service the company acquired just this year at a cost of $3 billion together with Beats Electronics. Considering such figures and the fact that the company purchased the two this year, a thought of Apple Inc. (NASDAQ:AAPL)…
Starbucks Corporation (SBUX) Testing a Dark Non-Alcoholic Drink That Tastes Like Guinness
Yes, it’s called “Dark Barrel Latte;” it looks dark just like Guinness and tastes just like Guinness, though it’s non-alcoholic. Starbucks Corporation (NASDAQ:SBUX) is currently testing that drink in selected cafes in Florida and Ohio. For a long time Starbucks Corporation (NASDAQ:SBUX) has been known for providing their customers with seasonal drinks that include iced…
EMC Corporation (EMC) Holds Merger Talks with Rivals Dell Inc. (DELL) and Hewlett-Packard Company (HPQ)
EMC Corporation (NYSE:EMC), an established data storage products maker, is considering merger and some other far reaching options that could include a complete sellout. The data storage company is said to have held merger talks with rivals, Dell Inc. (NASDAQ:DELL) and Hewlett-Packard Company (NYSE:HPQ). The pressure for merger is said to be stemming from an…
Alibaba Group Holding Ltd (BABA) IPO Expands to hit Record $25 billion as Banks Rake in $300 million in Fees
Alibaba Group Holding Ltd (NYSE:BABA) issued additional shares to hit a record $25 billion in its IPO, marking the highest in history. That staggering figure puts the IPO a distant ahead of the Agricultural Bank of China Ltd.’s IPO that earned $22.1 billion back in 2010. Even as the company earns huge from the IPO,…
Doral Financial Corp. (DRL) Continues Push for $230 Million Puerto Rico Tax Refund
Doral Financial Corp. (NYSE:DRL), the second largest mortgage company in Puerto Rico, through its lawyer, is continuing with its aggressive push for overpaid taxes amounting to $230 million. There was an earlier agreement between Puerto Rico treasury department and Doral Financial Corp. (NYSE:DRL) for the refund to be effected, but the government turned back to…
AutoZone, Inc. (AZO) Sales Drop Significantly As Consumers Go For New Cars
AutoZone, Inc. (NYSE:AZO), the largest auto parts seller in the U.S., has reported dissatisfying sales in the fourth quarter. The fall in sales is attributed to the fact that the economy is fast picking up, making it possible for consumers to afford new cars instead of repairing old ones. The fourth quarter gave a disappointing…