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Best Buy’s same-store sales soared by 23% while online sales in the country rocketed by 174% in the third quarter. Still, the company’s shares dropped on Tuesday as the company refuses to provide any future guidance.
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The American spice maker McCormick announced today that it would buy the parent company of the hot sauce maker, Cholula Hot Sauce, for $800 million in cash.
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The aviation-focused special purpose acquisition company, Genesis Park Acquisition, has announced to raise $150 million through its initial public offering by pricing 15,000,000 units at a price of $10 per unit.
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Guitar Center reported on Saturday that it was filing for Chapter 11 bankruptcy, the latest company falling due to the turmoil caused by the pandemic as businesses find it harder to sell amid lockdowns.
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The French multinational food company, Danone, has decided to cut up to 2,000 jobs to cope with the adverse effects of the pandemic.
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Even as Wall Street prepares for a week shortened by Thursday’s Thanksgiving, investors should be keeping an eye on the upcoming key corporate earnings reports set to release this week.
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The Bill Gates Foundation-backed ultrasound start-up, Butterfly Network Inc, has decided to go public through a reverse merger with Larry Robbin’s Longview Acquisition Corp. in a deal with an enterprise value of $1.5 billion.
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Foot Locker posted higher than expected earnings of $1.21 per share for the third quarter ending on November 1 as compared to investors’ forecast of 63 cents per share.
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After upbeat vaccine news from Moderna about a potential Covid-19 vaccine, global markets rallied Monday. However, they went flat Tuesday as investors considered the uncontrollable short-term spread of the virus.
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PNC Financial Services has agreed to buy the U.S arm of Spain’s BBVA for $11.6 billion, the companies announced on Monday.
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