Business

Hewlett Packard Enterprise stock rose on Tuesday after the company reported better-than-expected earnings for the third quarter of its 2018 fiscal year, which ended on July 31. The company will hold a conference call with analysts to discuss the results at 5 p.m. Eastern time. Here’s how HPE did in the quarter: Earnings: 44 cents
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In the latest development of the current crisis facing Papa John’s, ousted founder John Schnatter on Monday made a slew of accusations against Chief Executive Officer Steve Ritchie for causing the company’s poor performance. Those allegations, which Schnatter detailed in a letter addressed to franchisees on the website “savepapajohns.com,” blamed Ritchie for “bad financial decisions,
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Chipotle Mexican Grill’s long-term strategy to woo customers back to the troubled burrito chain, won’t do much to ease its near-term woes, according to Wedbush. Analyst Nick Setyan downgraded the stock to underpreform from neutral on Monday and slashed his 12-month price target, citing weaker-than-expected same-store sales growth so far in the third quarter and
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Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys as part of its long-term strategy, according to the ride-hailing app’s chief executive. Dara Khosrowshahi said more individual modes of transport were better suited to inner-city travel, despite snatching revenues away from Uber’s drivers. He admitted that in
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Tech executives have a higher profile than ever before, whether it’s Amazon’s Jeff Bezos becoming the world’s richest person and simultaneously a favorite punching bag of President Donald Trump or Facebook’s Mark Zuckerberg being called to testify before congress about abuse of his company’s platform by foreign actors. With fame and fortune comes security risks
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Papa John’s isn’t pulling any punches with its first new advertisement since its founder John Schnatter was ousted as chairman last month. On Friday, the beleaguered pizza chain published a video on social media that addressed outrage customers expressed following comments made by Schnatter in November about the National Football League and, more recently, his
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After Walmart shares surged almost 10 percent last Thursday thanks to the company’s strong second-quarter earnings numbers, investors might be wondering if the stock has reached its peak. CNBC’s Jim Cramer doesn’t think so. “Don’t think it is too late to buy some,” the “Mad Money” host said. Cramer traces the stock’s rise back to
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Nike shares climbed Monday after an analyst said the sneaker maker is gaining market share from competitors like Adidas and specialty retailers including Foot Locker and Finish Line. Nike‘s strategy to trim excess inventory and focus on selling directly to consumers is showing signs of progress, Susquehanna Financial Group analyst Sam Poser said in a
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Streaming services such as Netflix, Hulu and Amazon are increasingly fighting for eyes — upping content spends and rounding out studios. But industry leaders are fighting a different battle for dollars with their youngest viewers. Streaming subscribers are sharing passwords and skirting systems in increasing numbers, creating an increasingly expensive problem for streaming services. Getting
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Raymond James lowered its rating on Walmart stock to “outperform” from “strong buy” on Friday, pointing to the acquisition of Flipkart as a drag on future profit despite the retailer’s recent strong report. “We cannot ignore the facts that Flipkart will likely weigh on consolidated operating earnings for the next couple of years,” Raymond James
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Nvidia CEO Jensen Huang said his company has chips that are ready for autonomous driving, responding to a potential threat posed by Tesla‘s eventual entrance into the market. During a conference call on Thursday following Nvidia’s fiscal second-quarter earnings report, Huang was asked by an analyst to discuss Tesla’s desire to stop relying on Nvidia’s
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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Customs agents in Shanghai have refused to release a shipment of American-made Mercedes-Benz SUVs because of what they have described as a “safety risk.” Ostensibly, the Mercedes GLE and GLS models have a problem with their rear brakes that authorities want fixed before they are allowed into the country. But the timing of the move,
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President Donald Trump renewed his war of words with iconic U.S. motorcycle maker Harley Davidson on Sunday, denouncing the company’s plan to shift some production abroad and appearing to back consumers that have called for a boycott. In a series of early morning posts on Twitter, the president said that people looking to stop buying
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