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CyberArk Announces Record Fourth Quarter and Full Year 2019 Results

Today, CyberArk (NASDAQ: CYBR) reported its record financial results for the fourth-quarter and full-year 2019. The Company further forecasted low estimates for the first-quarter of 2020, which caused CyberArk shares to decline.  The...

Simon Property Group to Acquire REIT Taubman Centers

On Monday, Simon Property Group Inc. (NYSE: SPG) announced it has agreed to acquire real-estate investment trust Taubman Centers Inc. (NYSE: TCO) in an all-cash deal valued at USD 3.6 billion.  Taubman shares surged 53% early Monday. This year,...

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Twitter Reports Fourth Quarter and Fiscal Year 2019 Results

Today, Twitter, Inc. (NYSE: TWTR) announced its fourth quarter and fiscal year 2019 financial  results. Twitter shares surged early Thursday.  In the fourth-quarter 2019, Twitter reported for the first time quarter revenues past the...

Macy’s Announces Three-Year Strategy to Stabilize Profitability

Today, Macy’s Inc. (NYSE:M) announced its new three-year strategy to stabilize profitability and lead the fashion retailer to growth.  The Polaris strategy follows a time when Macy’s struggled under declining mall traffic, caused by the rising...

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Dow Continues Rally into the New Year

U.S. markets continued to rally heading into New Year on Thursday morning. The Dow Jones Industrial Average was lifted by 170 points or 0.6% shortly before the opening bell on...

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Tesla to Start Delivers in China

Tesla Inc (NASDAQ: TSLA) claims it will start delivering its first China-produced Model 3 vehicles to the public on January 7th at an event at its Shanghai plant, according to...

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Planet Fitness (NYSE: PLNT) Jumps After Sales Beat Expectations

Planet Fitness, Inc. (NYSE: PLNT) stock jumped about 10% after the franchisee and operator of fitness centers reported financial results for its third quarter ended September 30, 2019.  Third Quarter Fiscal 2019 Highlights  Total revenue...

Regulators Want Revised Boeing 737 Max Software Documentation

U.S. and European regulators have asked Boeing Co. (NYSE: BA) to revise documentation on its proposed 737 Max software update, the planemaker confirmed Wednesday, a development that further complicates its efforts to return the jet to service....

Coty Outpaces First Quarter Earnings Estimates

Global beauty brand Coty Inc. (NYSE: COTY) came out with first quarter earnings that exceeded Wall Street’s expectations on Wednesday, sending its share price up more than 13%. The parent of cosmetics companies like Rimmel and CoverGirl said it...

Marriott Shares Rise on Mixed Quarterly Results

Shares of Marriott International Inc. (NASDAQ: MAR) are up about 2% on Tuesday after the company reported third quarter revenue that topped expectations, but earnings that fell short. The world’s largest hotel operator said revenue rose 4.6% to...

McDonald’s Fires CEO After Relationship With Employee

McDonald’s Corp. (NYSE: MCD) Chief Executive Officer Steve Easterbrook was fired and banned from working at a rival restaurant chain for two years after the fast-food giant’s Board of Directors found that he violated company policy by engaging in...

Altria Cuts Value of Juul Stake by USD 4.5 Billion

Tobacco giant Altria Group, Inc. (NYSE: MO) on Thursday said it took a USD 4.5 Billion hit from its investment in electronic cigarette maker Juul Labs Inc. amid proposed U.S. bans on e-cigarette flavors and regulatory crackdowns abroad. Altria...