Whirlpool Lowers Guidance, Shares Drop 6%
The appliance maker's third-quarter results were hurt by rising costs of raw materials and an unfavorable price mix.
IBM Stock up 5% on Renewed Turnaround Hopes
In Q3, Big Blue almost ended its long drought in revenue growth and beat analysts' estimates on revenue across all its main business segments.
Lowe’s Shares Drop 3% on Q1 Earnings Miss
Same-store sales grew 1.9%, above the company's historical average but below rival Home Depot's 5.5% gain in its first quarter.
Steward Health Adds IASIS Hospitals to Network
The merger would make Steward the largest private for-profit hospital operator in the U.S. with 36 facilities across 10 states.
Alibaba Posts Biggest Sales Increase Since IPO
Businesses outside e-commerce were unprofitable in Q4, suggesting Alibaba's diversification efforts have a long way to go.
Target Boosts Profit But Same-Store Sales Fall
"Target's not out of the woods, yet," a retail analyst says. "The road to improvement will be long."
TJX Same-Store Sales Growth Slows to 1%
The off-price retailer's disappointing Q1 earnings "may signal that no part of retail is immune to the current challenges.”
Thermo Fisher Moves Into Drug Manufacturing
The $5.2 billion acquisition of Patheon positions Thermo Fisher to grab a slice of the fast-growing contract drug production business.
Verizon Outbids AT&T in Battle for Straight Path
With a $3.1 billion offer for the spectrum owner, Verizon "now has all of the pieces in place to quickly accelerate the deployment of 5G."
Sinclair Expands Network With Tribune Buy
The $3.9 billion deal is the largest in the history of the TV station operator, which is known for conservative-leaning programming.
Berkshire Hathaway Profit Falls 5% to $3.56B
The decline in earnings reflected an after-tax loss of $267 million from insurance underwriting that offset gains from the BNSF railroad and utilities.