Business News
Visa fourth-quarter profit rises 6% on higher fees
Visa Inc reported a 6.3% rise in fourth-quarter profit on Thursday, helped by growth in overall customer spending, which boosted fees for the world’s largest payment processor.
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Business News
Amazon’s holiday-quarter sales forecast misses estimates, shares fall 8%
Amazon.com Inc forecast fourth-quarter revenue well below analysts’ estimates on Thursday as the world’s biggest online retailer faces fierce competition from Walmart as well as other online retailers, sending its shares down 8%.
Business News
American, Spirit eye more Mobile deliveries to avoid Airbus tariffs
American Airlines Group and Spirit Airlines executives said on Thursday they were working with Airbus SE to mitigate the impact of U.S. tariffs on European-made aircraft, including having more planes delivered from Mobile, Alabama.
Trading Ideas
Max-Spanked Southwest Will Look at Buying Jets Other Than Boeing 737s After 48-Year Run
Conventional wisdom suggests that the late Southwest Airlines founder Herb Kelleher, who conceived the carrier’s all-Boeing 737 strategy, would have never considered adding another aircraft type. But Kelleher, one of America’s most shrewd airline executives, never issued such an edict. “[People] ask, ‘What would Herb do?'” current CEO Gary Kelly said Thursday on the airline’s […] …read more […]
Business News
CVS pulls out some J&J baby powder from stores
Pharmacy retailer CVS Health Corp said on Thursday it is pulling out 22 ounce bottles of Johnson & Johnson’s baby powder from its stores and online as a precautionary measure.
Trading Ideas
Is Buckeye Partners, L.P. (BPL) Going to Burn These Hedge Funds?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]
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Do Directors Own The Wendy's Company (NASDAQ:WEN) Shares?
A look at the shareholders of The Wendy’s Company (NASDAQ:WEN) can tell us which group is most powerful. Large… …read more […]
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Is Fortis Inc. (TSE:FTS) Expensive For A Reason? A Look At Its Intrinsic Value
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Fortis Inc. (TSE:FTS… …read more […]
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UPDATE 1-CVS pulls out some J&J baby powder from stores
Pharmacy retailer CVS Health Corp said on Thursday it is pulling out 22 ounce bottles of Johnson & Johnson’s baby powder from its stores and online as a precautionary measure. “We also initiated a ‘Do Not Sell’ register prompt in our stores to prevent the sale of this item during the product removal process,” CVS said. J&J, which is facing thousands of lawsuits over a variety of products, said last week it was recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a …read more […]
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Crude flows to Houston slow as Cactus II pipeline ramps -data, traders
Crude oil flows on two pipelines from the Permian Basin to the Houston area have slowed this month as differentials narrowed and volumes to another U.S. Gulf Coast hub ramped up, according to traders and data from market intelligence firm Genscape. Cheap tariffs on EPIC Midstream and Plains All American Pipeline’s lines from the Permian to Corpus Christi, Texas, are helping pull volumes from Houston. Plains’ Cactus II line, which opened in August, has increased its flows almost one-third over September, Genscape reported. …read more […]
Business News
American, Southwest overcome 737 MAX travails with quarterly profit growth
American Airlines Group Inc and Southwest Airlines Co posted quarterly profit increases on Thursday thanks to strong U.S. travel demand even as the two carriers pointed to a rising cost impact from the continued grounding of the Boeing 737 MAX.
Business News
CVS pulls out 22 ounce J&J baby powder from stores
Pharmacy retailer CVS Health Corp said on Thursday it is pulling out 22 ounce bottles of Johnson & Johnson’s baby powder from its stores as a precautionary measure.
Business News
American, Southwest overcome 737 MAX travails with quarterly profit growth
American Airlines Group Inc and Southwest Airlines Co posted quarterly profit increases on Thursday thanks to strong U.S. travel demand even as the two carriers pointed to a rising cost impact from the continued grounding of the Boeing 737 MAX.
Business News
S&P 500 edges higher on mix of earnings reports, tech shines
The benchmark S&P 500 edged higher on Thursday as strong results from Microsoft Corp and PayPal Holdings Inc offset dour results from 3M Co and Twitter Inc .
Business News
Sterling pares losses after PM calls for election; S&P 500 up
The pound pared losses against the dollar on Thursday in the wake of British Prime Minister Boris Johnson’s call for a Dec. 12 election to break the country’s deadlock over its exit from the European Union, while global stock markets edged up.