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News Highlights: Top Company News of the Day

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08/15/2019 | 09:16am EDT
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.

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK -1.33% 7874 Delayed Quote.10.17%
ALIBABA GROUP HOLDING 1.09% 179 Delayed Quote.30.59%
CARLSBERG A/S -0.08% 990.8 Delayed Quote.43.29%
CISCO SYSTEMS -1.10% 49.41 Delayed Quote.14.03%
ELECTRONIC ARTS -0.71% 98.42 Delayed Quote.24.72%
GENERAL ELECTRIC COMPANY -0.21% 9.36 Delayed Quote.23.65%
J C PENNEY COMPANY INC -5.98% 0.8866 Delayed Quote.-14.75%
NVIDIA CORPORATION 0.48% 181.07 Delayed Quote.35.63%
WALMART INC. 0.81% 116.51 Delayed Quote.25.08%
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