Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with the matter told Reuters.
Nov 14 Grocery delivery startup Instacart raised
an extra $271 million in November from investors including U.S.
hedge fund Tiger Global Management, bringing its latest round of
fund raising to $871 million, a source familiar with the matter
Blue Apron Holdings Inc on Wednesday said it plans to cut marketing spending, sacrificing possible revenue growth to focus on promoting its meal-kit delivery service to its highest-paying, most profitable customers.
Tyson Foods Inc reported quarterly sales on Tuesday that missed Wall Street estimates, as the top U.S. meat processor was hit by lower demand for chicken, sending shares down nearly 7 percent.
Laser and optical parts maker II-VI Inc said on Friday it would buy Apple Inc supplier Finisar Corp for about $3.2 billion (2.46 billion pounds), to grab a bigger slice of 5G investments and sell more sensors for iPhones and driverless cars.
Michael Kors shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity.
Ralph Lauren expects higher tariff and freight-related costs to hit profits in the second half of its fiscal year, the upscale fashion group said on Tuesday, overshadowing upbeat quarterly sales and driving its shares down 6 percent.
Kellogg Co cut its full-year profit outlook on Wednesday, citing increased spending on advertising and higher distribution costs, sending shares of the Corn Flakes maker sliding 9 percent.
Under Armour Inc's shares surged 25 percent on Tuesday after the sportswear maker's upbeat quarterly earnings and full-year profit forecast underscored the success of its multi-year plan to lower costs and reduce bloated inventory.