PLANO, Texas – J.C. Penney delivered some encouraging news in the form of rising comparable-stores Friday, reversing four straight quarters of declines and it posted smaller-than-expected loss for the third quarter.
Shares soared 15 percent before the opening bell.
The news staunched, at least for a moment, an extended sell-off in...
Tesla's push-out of a Model 3 production target adds to investor uncertainty about a very ambitious production ramp. But sentiment could change quickly if those fears are put to rest.
As the sharp selloff following its Q3 report drives home, greed and fear have long played outsized roles in how...
Demand for the hybrid home-portable Switch has led to a near-doubling of Nintendo’s stock price to nine-year highs since the device’s March launch. Sales have exceeded the company’s initial estimate, outstripping those of predecessor Wii U, and leaving suppliers scrambling for parts.
“We’ve boosted Switch production to meet strong demand...
Flexion Therapeutics ( FLXN ) rocketed as much as 19% late Friday after gaining U.S. approval for injectable non-opioid drug Zilretta to treat osteoarthritic knee pain, a disease that accounts for north of $185 billion in spending per year.
In late afternoon trading on the stock market today , Flexion...
Back in April, I mentioned that I liked Citigroup Inc (NYSE:C) because it’s one of the most undervalued bank stocks and has the best chance to appreciate. Its total assets are very large, compared to its market price, and its price-to-book-value back then was around 0.80. Now, the price...
Anthony Wood, Roku CEO on IPO: 'Our goal is to power every TV in the world."
Amazon and Apple are not a threat to streaming platform Roku, its CEO told CNBC as the company gears up to begin trading on the Nasdaq on Thursday.
Roku aggregates different streaming providers, such as...
Chip designer Imagination Technologies Group plc announced late Friday, Sept. 22, that it will be acquired by Chinese private equity firm Canyon Bridge Capital Partners LLC for about £550 million ($745 million).
Shares surged as much as 30% on Monday.
Canyon Bridge will pay 182 pence per Imagination share, a 41.6%...
Sprint's (S) stock price is rising amid reports that it is nearing a deal to merge with rival T-Mobile US (TMUS).
Reuters reported on Friday that the telecommunications companies are close to agreeing to preliminary terms on a deal, citing sources close to the situation. A merger would unite Sprint,...
Shares of Nabriva Therapeutics more than doubled in premarket trading on Monday after the company said its experimental antibiotic for community-acquired bacterial pneumonia met the main goal of a late-stage study.
The clinical trial — the first of two late-stage studies — showed that the company's drug, lefamulin, was as...
Honda Motor Co Ltd said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at the Japanese automaker's plant in Marysville, Ohio.
Honda unveiled the newest-generation Accord in July, one of four re-engineered midsize sedans...
