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UPDATE 1-Microsoft's cloud business slows, casts shadow over results

Microsoft’s Azure cloud business showed slower quarterly growth even as the software maker topped estimates for profit and revenue, indicating that the company may be facing intense competition in its fastest-growing business. Since Chief Executive Satya Nadella took over in 2014, Microsoft has been diversifying from its Windows operating system software, and has focused on its cloud services, in which customers move their computing work to data centers managed by Microsoft. …read more […]

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Trading Ideas

Is This Dividend’s Safety Due for a Giant Upgrade?

You may have never heard of B&G Foods (NYSE: BGS), but there’s a good chance you’ve got some of the company’s products in your kitchen right now.
B&G Foods produces name-brand food products, such as Green Giant frozen vegetables, Mrs. Dash spices, Ortega tortillas and taco shells, SnackWell’s cookies, and many more snacks sold in grocery stores across the country.
The company buys struggling food brands and revamps them so that their sales resume growth.
Today it sports a hefty 11.67% dividend yield.
So will this double-digit yield have investors echoing the Green Giant’s signature “Ho, ho, ho”? Or will they say “No, no, …read more […]

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Business News

WeWork’s new chairman defends payouts to founder, says company will survive

WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters.

…read more […]

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Business News

Exclusive: U.S. FAA must restore ‘public confidence’ in plane certification – inspector general

The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department’s inspector general said Wednesday in a report seen by Reuters.

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Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion (£17.85 billion) drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. When Teva announced the value of the donated medicine – a generic version of opioid addiction treatment Suboxone – it based the figure on the drug’s list price, which does not account for significant discounts routinely provided by the drugmaker. If based on the estimated cost …read more […]

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Business News

Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts.

…read more […]

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Business News

Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections

Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.

…read more […]