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Jet market oracle Tinseth bows out with Boeing at crossroads
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside.
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Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit
Royal Caribbean Cruises Ltd on Thursday said it had canceled 18 cruises in Southeast Asia and joined larger rival Carnival Corp in warning that its full-year earnings would be hit by the coronavirus outbreak.
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Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit
The epidemic, which originated in China’s Hubei province and has killed more than 1,300 people, has taken a toll on cruise operators as travel restriction and fear of the virus spreading have led to cancellations of trips to the Far East. Last week, Royal Caribbean said it canceled eight cruises out of China through March 4 and warned of a 25 cent impact to its first quarter earnings. The company said the 18 canceled cruises would cut its full-year earnings per share by 65 cents, warning that cancelling all its remaining sailings in Asia through the end of …read more […]
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Wall Street slips as coronavirus fears mount
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings.
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Emerson says will not pursue a break-up following internal review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year into whether to separate its industrial automation operations from its air-conditioning business.
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Judge OKs Philly refiner’s bankruptcy plan, sale to property developer: documents
The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show.
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Nvidia Blows Past Earnings Estimates on AI Success
The quarter’s artificial intelligence and graphics sales have shown explosive growth Continue reading… …read more […]
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U.S. gives Huawei another 45 days to buy from American suppliers
The Trump administration said Thursday it was issuing a 45-day extension allowing U.S. companies to continue doing some business with China’s Huawei Technologies Co Ltd.
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Judge grants Amazon motion for pause in Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump.
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Nvidia forecast tops expectations on cloud sales despite coronavirus hit
Nvidia Corp on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak.
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Mattel beats profit estimates as cost cuts take hold
Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s “Frozen” dolls.
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Nvidia forecasts revenue above estimates despite $100 million coronavirus hit
Nvidia Corp on Thursday forecast first-quarter revenue above Wall Street expectations despite a hit of $100 million from the coronavirus outbreak, sending its shares up nearly 7% in extended trading.
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U.S. accuses Huawei of stealing trade secrets, assisting Iran
U.S. prosecutors on Thursday accused Huawei of stealing trade secrets and helping Iran track protesters in its latest indictment against the Chinese company, escalating the U.S. battle with the world’s largest telecommunications equipment maker.