Company News

Shares of Newly Formed HP Enterprise Rises as Its CEO Reassure About Strong Demand

Shares of Newly Formed HP Enterprise Rises as Its CEO Reassure About Strong DemandShares of the newly formed Hewlett Packard Enterprise climbed as CEO, Meg Whitman reassured the investors regarding the strong demand for corporate technology in the company's inaugural earnings report. It also provided justification for her move that lead to spinning off Hewlett-Packard into two companies.

Colm Kelleher, Named as the New Morgan Stanley President

Colm Kelleher, Named as the New Morgan Stanley PresidentOn Wednesday, Morgan Stanley promoted Colm Kelleher, its investment banking chief to the post of president. Now, Kelleher is the heir apparent to the present CEO James Gorman. The company also said that Greg Fleming, the current head of wealth management will leave the company.

Firearm Manufacturer Smith & Wesson Raises Earnings Guidance

Firearm Manufacturer Smith & Wesson Raises Earnings GuidanceOn Monday, Smith & Wesson Holding Corp., the Firearm manufacturer raised its projections for revenue and adjusted profit in the current quarter and also the fiscal year. The gun show season had a strong start and also promises strong sales.

NetApp Acquires SolidFire Getting the Best of Flash and Cloud

NetApp Acquires SolidFire Getting the Best of Flash and CloudNetApp, the data storage company wants have the best of both the hot trends in the fast changing storage industry as it makes a US$870 million acquisition of startup SolidFire.

The publicly traded company NetApp announced that it has acquired SolidFire, which counts among those startups which made a place in the market for itself selling fast all-flash storage hardware. It's a cash deal.

Better than Expected Third Quarter Results from Home Depot Inc and Wal-Mart Drift Some Concerns Off

Better than Expected Third Quarter Results from Home Depot Inc and Wal-Mart Drift Some Concerns OffThe stock market was all geared up to go higher on Tuesday, with better-than-expected earnings report from Wal-Mart and Home Depot The retailers drifted away some of the concerns that hit the stock market with retail stocks dropping over concerns of weak sales.

Reportedly Lyft Looking forward to a Round of $500 Million Fund Raising

Reportedly Lyft Looking forward to a Round of $500 Million Fund RaisingJohn Zimmer, Lyft's president announced that in October the ridesharing company attained an annualized gross revenue rate of $1 billion.

The figure is probably not the cut of the value Lyft receives for the rides which flows into its system but most probably it is the representation of the gross payments which its drivers and riders get.

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