Johnson & Johnson Raises 2017 Sales, Profit Estimate

Johnson & Johnson Raises 2017 Sales, Profit Estimate

Johnson & Johnson, a US maker of medical devices, drugs and packaged consumer goods, posted second quarter profit that was higher than expected by Wall Street analysts, prompting it to lift its 2017 projections for sales and adjusted earnings per share. Adjusted net earnings, after an amortization expense and special items, were $5.02 billion, or $1.83 per share, compared with $4.89 billion, or $1.74 per share in the same quarter […]

Read More ˃
Facebook Shares Lower

Facebook Shares Lower

Facebook slipped more than 1% after a U.S. judge late Friday dismissed nationwide litigation accusing Facebook of tracking users’ Internet activity even after they logged out of the social media website, Reuters reported. Users complained Facebook was using cookies to track their Internet steps but the judge said the users could have taken steps to keep their activity private.

Read More ˃
eBay Pledges to Match Offers of Rivals

eBay Pledges to Match Offers of Rivals

eBay (EBAY) said on Wednesday it’s pledging to match the prices of 50,000 products offered by its rivals in the U.S.”With this new offering, eBay guarantees that an eligible deal will be the best price online, or eBay will match the lower price of a competitor,” it said. Competitors whose products are eligible for price matching are Amazon.com, BestBuy.com, Jet.com, HomeDepot.com, Sears.com, Target.com, Walmart.com or Wayfair.com under the program. Ebay […]

Read More ˃
Netflix, Altice Ink Multi-Year Deal

Netflix, Altice Ink Multi-Year Deal

Netflix shares were down almost 1% in pre-market trading after it and Altice said in a joint press release Monday they had signed a multi-year partnership, which will lead to Netflix’s content being made available to Altice customers into all eligible devices in France, Portugal, Israel and the Dominican Republic. Altice said the agreement with Netflix follows its significant investment in content and sport through Altice studio’s original creations, acquisitions […]

Read More ˃
Consumer Stocks Looking at a Lower Close

Consumer Stocks Looking at a Lower Close

Consumer shares were pointing to a lower close for Monday’s session. In consumer stocks news, Tesla (TSLA) rose 1.9% after after Toyota (TM) reportedly said it sold its entire stake in Tesla, marking the end of a collaboration between the two companies. Toyota bought a $50 million stake in Tesla in 2010 and produced a car jointly with Tesla in 2011. It recently spun up its own electric car division […]

Read More ˃