JD.com Profit Nearly Doubles as Revenue Rises
Chinese e-commerce giant JD.com’s second quarter net profit rose 92%, while revenue grew slightly amid fierce competition from Alibaba Group and PDD Holdings.
Alibaba’s Profit, Revenue Miss Expectations Despite Growth Drive
Alibaba delivered weaker-than-expected profit and revenue in the latest quarter as the e-commerce titan focused on getting growth back on track amid fierce domestic competition, a weakened Chinese economy and changing consumer behaviors.
Alibaba’s Profit, Revenue Miss Expectations Despite Growth Drive Read More »
Shoppers Flock to Walmart, Powering Its Earnings and Sales
The country’s largest retailer posted strong sales and higher profits in its latest quarter, and executives said they don’t see signs of fraying demand.
Shoppers Flock to Walmart, Powering Its Earnings and Sales Read More »
Algonquin Power to Sell Renewable Energy Business for $2.5 Billion
Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a pure-play regulated utility.
Algonquin Power to Sell Renewable Energy Business for $2.5 Billion Read More »
Netflix Taps CBS Sports to Produce Its Christmas NFL Games
Netflix said it has struck a deal to have CBS Sports produce the two National Football League games the streamer is carrying this Christmas.
Netflix Taps CBS Sports to Produce Its Christmas NFL Games Read More »
Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion
Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.
Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion Read More »
