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After-hours buzz: ADBE, SHOP & more

“The flash storage company reported first quarter earnings and revenue that proved less weak than Wall Street predicted” writes Chloe Aiello for cnbc.com. Pure Storage anticipated second quarter revenue would fall between $296 million and $304 million, whereas the Street was hoping for $299 million in revenue next quarter.Shopify stock dropped nearly 3 percent in extended trading after Adobe announced its acquisition.Pure Storage reported a loss of 7 cents on revenue of $255.9 million versus the 12 cent loss on $251.5 million analysts expected.The software company on Monday announced an…

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After-hours buzz: AXP, SNBR, AA & more

“The energy infrastructure company reported earnings that just beat analyst estimates, but revenues fell notably below estimates” writes Scott Eells for cnbc.com. Both earnings and revenues beat expectations and the company raised its full-year guidance.The equipment rental company released earnings and revenues that surpassed Wall Street expectations. Source: cnbc.com Share This:

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Boss buzzing you after hours? NYC might let you say buzz off

“The proposal would bar employers from requiring employees to respond to non-emergency emails, texts and other digital communications outside regular work hours” writes The Associated Press for seattletimes.com. Espinal said he was inspired by a French law that took effect this year that gave employees the right to ignore off-hour communications. Source: seattletimes.com Share This:

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After-hours buzz: FDX, MULE, CRM & more

“The pharmaceutical company announced its plans for a $7.5 million public offering of common stock” writes unknown author for cnbc.com. The delivery company reported earnings per share and revenues that beat analyst expectations.MuleSoft will power the new Salesforce integration cloud, Time Warner stock dropped more than 1 percent after the bell.Arena Pharmaceuticals shares lost nearly 1 percent in extended trading. Source: cnbc.com Share This:

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GOP tax bill: A short-term buzz that promises a killer hangover

“A portion of the Arctic National Wildlife Refuge would be opened to drilling because that, too, would generate revenue for tax cuts” writes The Times Editorial for latimes.com. Rising costs in healthcare programs like Medicaid and Medicare pose a long-term challenge for Washington, but slashing tax revenue only makes it harder to stem the tide of red ink.Instead, it introduces complex new rules that will encourage taxpayers to reclassify what they do or where they do it to cut their tax bills.In the entertainment industry, rank-and-file performers stand to lose…

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Oracle’s Hurd: When firms claim they’re in AI, it’s mostly ‘just nonsense’

“Most of the time, when companies claim they’re in the business of artificial intelligence, “it’s just nonsense,” according to Oracle CEO Mark Hurd” writes Sara Salinas for cnbc.com. “At the end of the day, they’re in some very good businesses,” Hurd said.GE holds a lot of information and data, Hurd said. Source: cnbc.com Share This:

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Despite the buzz, MLB finds no wrongdoing by Cubs coach wearing a FitBit in dugout

“When a video appeared to show a member of the Chicago Cubs using an electronic watch in the dugout during Game 4 of the Nationals League Division Series, social media instantly began buzzing” reports washingtonpost.com. MLB views the episode as a mistake, like the case in Arizona.” MLB investigated Arizona Diamondbacks Coach Ariel Prieto after a photograph showed him wearing an electronic watch during Arizona’s 11-8 wild card victory over the Colorado Rockies. Source: washingtonpost.com Share This:

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