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Uday Sampath Kumar

Instacart wins $271 million in new funding in November: source

14 Nov 2018

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.

Instacart wins $271 mln in new funding in November -source

14 Nov 2018

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 told Reuters.

Blue Apron warns on revenue growth, shares tumble

14 Nov 2018

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 quarterly sales miss estimates, shares fall

13 Nov 2018

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.

Optical parts maker II-VI eyes 5G, driverless cars with Finisar buy

09 Nov 2018

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 slide 16 percent as European stores struggle

07 Nov 2018

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 tariff, freight costs to rise

06 Nov 2018

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 cuts full-year profit outlook, shares tumble

31 Oct 2018

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 shares surge as turnaround efforts take hold

30 Oct 2018

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.

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