Jeff Bezos wants Amazon to get more Pentagon contracts

2019-12-08

Amazon founder and CEO Jeff Bezos said the company won’t shy away from the business of warfare — and aims to compete for more defense contracts. Bezos made the comments during a two-day defense forum that closed out Saturday at the Reagan Library in Simi Valley, California, saying his companyRead More →

Pure Storage blames pricing environment for earnings miss

2019-11-21

Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →

Chinese stocks pulled lower by pharma, tech losses

2019-09-22

Hong Kong’s Hang Seng Index saw an opening advance quickly fade on Monday, led by AAC Technologies as it extended last week’s losses with a 3.2% drop in morning trading. The Hang Seng HSI, -0.86% recently was off 0.8%. Chinese pharma stocks contributed to the early losses with Sino BiopharmaceuticalRead More →

Slack shares plunge 15% on weak earnings guidance

2019-09-04

Slack Technologies Inc.’s first earnings report as a public company landed with a thud on Wednesday, pushing its already-depressed shares down 15% in after-hours trading. The workplace-communications company reported second-quarter results that exceeded Wall Street estimates but forecast a slightly larger-than-expected loss for its current quarter, renewing concerns about itsRead More →

Microsoft vendors win $7.6 billion government deal

2019-08-29

The federal government’s award of a massive 10-year, $7.6 billion computing contract to a trio of vendors led by General Dynamics Corp. to provide Microsoft Corp. office software for the Pentagon late Thursday is the latest indication that cloud-computing leaders are the preferred vendors of choice. The Defense Department andRead More →