The US-based drugstore retailer CVS Health Corp announced a quarterly net loss of $2.56B in Q2Y2018 attributed mainly to a $3.9B goodwill impairment charge.
The news provider Thomson Reuters reported on Wednesday a 2% increase in revenue to $1.31B during the second quarter of 2018, while its operating profit fell 6% to $204M.
On Wednesday, Amazon.com stated it had launched curbside pick-up at the Whole Foods stores, as part of its strategy to win over the American grocery shoppers.
China's Bytedance Technology is seeking to raise around $3.0B in it s latest round of funds that could make its valuation surge up to $75B.
Paddy Power Betfair has reduced its annual outlook amid losses from its expanding US business and newly imposed taxes, despite positive revenue and earnings results in the Q2.
Sherborne Investors, the activist fund, is in discussion with the UK bank Barclays over appointing a new chairman to make a replacement for John McFarlane.
On Monday, Oracle filed a protest with the US Defence Department over the plans to award the cloud computing contract, which could be valued at $10B, to a single firm instead of multiple winners.
Salesforce.com, the US sales and marketing software firm, announced on Tuesday it had appointed Keith Block, the current Chief Operating Officer, as the company's co-CEO.
According to Sky News, the UK engineering company Smiths Group is close to end talks with the US ICU Medical over their potential $9.0B worth merger of healthcare divisions.
Samsung Group is set to invest $22B within the next three years in the 5G mobile technology, biopharmaceutical business, electronic car components, artificial intelligence and Samsung Electronics, it announced on Wednesday.
Brazil's for-profit education firms, such as Ser and Estacio, are battling to acquire the Grupo Positivo units, as the firm is planning to sell its assets as an alternative to the IPO.
On Tuesday, the US supermarket chain Kroger stated it had been thinking over a sale of the Turkey Hill Dairy unit as one of the strategic alternatives for the company's business division.
Gump's Holdings LLC, the mother company of the luxury furnishings retailer Gump's Corp, has filed for bankruptcy due to challenging retail environment.
The growth of China's exports accelerated in June even despite the US imposing tariffs on its products; imports likewise increased due to stronger domestic demand.
The Office of the US Trade Representative said the United States is set to start collecting 25% tariffs on additional $16B of Chinese imports, including semiconductors, on August 23.
The Japanese electronics company Toshiba Corp reported on Wednesday a net profit of $9.16B in Q2Y2018, pushed higher by the sale of the flash memory chip unit.
Apple told the US lawmakers that its iPhones did not listen to consumers without their consent and did not allow third-party applications to do so either.
The number of people hired in the UK grew at the weakest pace in the nine-month period in July, reflecting record-low unemployment and a lack of migrant workers coming from the EU.
Walt Disney missed Wall Street profit estimates, as costs of new technologies grew during the quarter ended June 30, but the CEO Bob Iger stated an consumers' exodus from TV channels was slowing.
Papa John's International posted a comparable 6.1% sales decline in North America in the Q2 and cut the forecast for the following months, as a spat between the founder and the pizza chain dragged on profits.
The global equity market was moving close to a six-month high this Tuesday in response to recovering Chinese stocks and earnings-driven surge in US equities.
The S&P500 jumped close to its record high on Tuesday, driven by solid earnings in Q2Y2018; top gainers were Alphabet, Amazon and Microsoft.
The world's largest brewer AB InBev announced on Tuesday that the company would invest in a new plant in Mozambique to be constructed during 2H 2018.
Shares of Tesla Inc jumped 7% on Tuesday after the CEO Elon Musk tweeted that he was considering taking the company private for $420 per share.