Over the weekend, Potash Corporation of Saskatchewan (USA) POT 0.19% and Agrium Inc.(USA) AGU 0.49% announced a merger of equals in which the two companies will join forces to form one of the largest fertilizer companies in the world. The deal was announced as a merger rather than a takeover, despite the fact that Potash…
This year marks the beginning of the second decade of Software as a Service (SaaS) and Infrastructure as a Service (IaaS) cloud computing.
Roughly a year has passed since Chipotle Mexican Grill, Inc. CMG 1.6%’s disastrous food contamination outbreaks. Unfortunately for investors, Chipotle’s revenue and share price are still significantly down from their pre-outbreak peaks.
Chipotle Mexican Grill, Inc. CMG 1.6% has finally put to rest more than 100 claims related to its 2015 food safety issues. Late last week, the company agreed to financial settlements with customers who became ill after eating Chipotle food during several food safety outbreaks in the last year.
CLSA is dialing back near-term expectations for Campbell Soup Company CPB 0.13% and believes the company’s fiscal 2017 year will likely be more about investment than about profits. According to analyst Michael Lavery, Campbell’s investment in innovation will not come cheap.
Federal Reserve Governor Lael Brainard has gained a reputation as one of the most dovish FOMC members. Last week’s announcement that she would be giving a speech on the final day allowed prior to the mandatory two-week pre-meeting Federal Reserve blackout period had the market worried that she might be changing her tune.
Shareholders never want to get news that their company is lowering its forward guidance, but Kroger Co KR 0.93% shareholders can at least tell themselves “it could have been worse.” Kroger has officially lowered its fiscal 2016 EPS guidance from $2.19–$2.28 to $2.10–2.20. The move represents about a 3.8 percent reduction.
On Monday morning’s PreMarket Prep, infamous pharmaceutical executive and “Pharma Bro” Martin Shkreli discussed Hillary Clinton’s health and whether or not voters should be concerned. Clinton was one of many politicians and journalists that singled out Shkreli for jacking up the cost of AIDS drug Daraprim from $13.50 to $750 per pill during his time…
Tesla Motors Inc TSLA 0.46% and SpaceX CEO Elon Musk has a giant rocket. Amazon.com, Inc. AMZN 0.44% CEO and Blue Origin founder Jeff Bezos has an even bigger one.
Over the weekend, Tesla Motors Inc TSLA 0.46% announced on its blog that it will be making a major strategy shift in its autopilot technology. Tesla has been adding radar hardware to all of its vehicles since late 2014 to be used as a supplementary sensor to the camera and image processing system.