Networking site LinkedIn is cutting around 960 jobs, or 6% of its workforce, as it moves to align business with the new world COVID-19. In a message posted on the website of the Microsoft Corp.-owned company, Chief Executive Ryan Roslanksy said LinkedIn is not immune to the effects of the …
Read More »Coca-Cola shares rise, after earnings exceed expectations, while revenue falls somewhat shy
Shares of Coca-Cola Inc. KO, -1.49% It rose 1.8% in premarket trading on Tuesday, after the beverage and snack giant reported a second-quarter profit that exceeded expectations, but revenue fell a bit shy, amid the resulting challenges of the coronavirus pandemic. Net income fell to $ 1.78 billion, or 41 …
Read More »Walmart partners with Yahoo Mail for online grocery program
Walmart Inc. WMT, -0.20% and Yahoo Mail have partnered for an online grocery program that will allow customers to fill their Walmart shopping cart directly from their email. “Groceries from Walmart” is out now on the Yahoo Mail iOS app and website, and will be available on Android later this …
Read More »YRC Worldwide’s shares fall after a panel of Congress decides the company is not essential to national security
YRC Worldwide Inc. YRCW Shares, -27.17% It plunged 4.6% in midday trading on Monday, after a panel of Congress said the trucking company failed to meet the test to be designated as essential to national security, The Wall Street Journal reported. The stock shot up 74.6% on July 1 after …
Read More »Microsoft Stock ‘is the main name of the cloud to play’. Street ratchets increase price targets.
Text size Microsoft plans to report earnings on Wednesday. Jeenah Moon / Getty Images As Microsoft will report earnings on Wednesday after the close of trading, Wall Street was frantically updating price targets and estimates on Monday to prepare for what could be better-than-expected results. Microsoft’s fourth fiscal quarter should …
Read More »