Walmart Continues Run of Sales Growth, Raises Forecasts
Walmart said sales rose in the second quarter due to some price increases, strong grocery sales and more visitors to its stores and websites. The retailer raised its profit forecasts for the year.
J.C. Penney Branches Into Used Apparel as Sales Tumble
J.C. Penney's sales fell 9% in its latest quarter, and the struggling retailer said it would start selling secondhand items in an effort to transform itself.
Activist Urges Care.com to Explore Sale
The hedge fund Engine Capital is urging Care.com, the largest marketplace for online caregivers, to pursue a sale, saying the company is "at a crossroads."
GE Is New Target of Madoff Whistleblower
Bernie Madoff whistleblower Harry Markopolos alleges that GE's cash situation is worse than disclosed and that GE needs to boost its insurance reserves. GE says the claims are false and misleading.
Alibaba's Sales Jump 42%, Beating Expectations
Alibaba boosted sales 42% and more than doubled profit in the latest quarter, beating estimates and showing that the Chinese e-commerce giant is continuing to boom despite a saturated market and economic weakening amid the U.S.-China trade conflict.
Maersk Earnings Beat Forecasts
Danish shipping giant Maersk posted a forecast-beating second-quarter net profit of $141 million as the recovery at its main shipping business continued to gather steam.
Carlsberg Boosted by Asia Growth
Carlsberg posted in-line first-half profits and delivered a 6.5% rise in revenue as its core beer business had strong growth in Asia while sales of its other drinks did well in parts of Europe.
Cisco's Outlook Dampened by China Slowdown, Trade Dispute
Cisco Systems reported stronger revenue in its latest quarter but projected disappointing growth this quarter on lower spending from some customers and weakness in China.
Chip Maker Nvidia Faces Demand Pressure
Nvidia's results, expected to be reported after the market closes, come as the chip maker tries to branch out from being a dominant seller of graphics chips used by computer gamers to furnishing equipment to huge data centers.
Electronic Arts Has More Than a Sporting Chance
The videogame publisher's new games and coming console cycle should drive its shares higher.