Business News

WalmartStores-082217-lg.jpgWal-Mart has applied for a U.S. patent for a blimp-style floating warehouse that could make deliveries through drones, Bloomberg reported. The world's largest retailer expects the proposed floating warehouse could help it lower the costs of fulfilling online orders, especially the expensive last-mile deliveries..

RARE Disappoints, NSPR Put On Notice, PMD Launches Synthetic Cannabinoids Test

Today's Daily Dose brings you news about InspireMD's listing deficiency; MabVax's exploration of strategic alternatives; Novogen's progress in developing GDC-008 in glioblastoma; Psychemedics' launch of Synthetic Cannabinoids test and disappointing results from Ultragenyx's GNE Myopathy trial.

WPP H1 Profit Climbs, Cuts FY17 Sales Growth View; Stock Down

Shares of WPP Group Plc. were losing around 11 percent in the early morning trading in London after the advertising giant reported Wednesday that it has revised down fiscal 2017 forecast, despite reporting significant growth in first-half profit and revenues. The company attributed the revision to the pressure on client spending.

Eurozone Private Sector Growth Robust In August

Eurozone private sector activity maintained strong growth momentum in August, underpinned by strong expansion in the manufacturing output, flash survey data from IHS Markit showed Wednesday. The flash composite output index rose slightly to 55.8 in August from 55.7 in July. Meanwhile, economists had...

Clorox Sells Aplicare Skin Antisepsis Unit To Medline; Terms Not Disclosed

Clorox Co. (CLX), a manufacturer of consumer and professional products, announced Tuesday that it has sold the Aplicare skin antisepsis business to Medline Industries, a privately-held manufacturer of health care supplies in the U.S. The transaction closed on August 21. As announced in the company's...

La-Z-Boy Inc. (LZB) Is Pulling Back After Q1 Miss

La-Z-Boy Inc. (LZB) reported first quarter EPS of $0.24 after the close Tuesday, down from $0.28 last year. Street expectations were for EPS of $0.29. The stock is now down 3.85 on 102K shares. La-Z-Boy was range-bound for the majority of Tuesday's session and closed up by 0.10 at $31.25.

IPO Watch: MongoDB Files Confidentially For IPO

Database startup MongoDB has filed confidentially for initial public offering, aiming to go public before the end of the year, according to TechCrunch. The company, which develops enterprise-grade, open-source software including MongoDB NoSQL database, reportedly has submitted an S-1 filing in the past few weeks.

Cree Q4 17 Earnings Conference Call At 5:00 PM ET

Cree Inc. (CREE) will host a conference call at 5:00 PM ET on August 22, 2017, to discuss Q4 17 earnings results. To access the live webcast, log on to http://investor.cree.com/events.cfm
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