Business News
Tech stocks take Nasdaq closer to record
The Nasdaq inched toward a record on the back of high-flying technology trio of Apple, Amazon and Microsoft, while gains in the Dow and the S&P 500 were limited as energy shares fell.
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Altria Group Inc (NYSE:MO): Did It Outperform The Industry?
When Altria Group Inc (NYSE:MO) announced its most recent earnings (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More… …read more […]
Business News
Samsung unveils gaming-friendly Galaxy Note 9 to boost sales
Samsung Electronics Co Ltd launched the Galaxy Note 9 “phablet” in New York on Thursday, promising better battery life and quick cooling to attract gamers and rejuvenate flagging sales.
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Samsung debuts its $1,000 Galaxy Note 9 with massive battery, more AI
Samsung’s Galaxy Note 9 is here and it packs a huge battery and new AI features. …read more […]
Business News
Viacom shares gain as ‘Mission Impossible’ powers Paramount
Viacom Inc’s quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted by the success of its movie “Mission: Impossible – Fallout”.
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Southwest Airlines Co (LUV) Stock Rises on Buffett Buyout Speculation
Berkshire Hathaway, Inc. ( BRK.A , BRK.B ) has more than $100 billion in cash cash on its balance sheet at the moment, and Morgan Stanley analyst Kai Pan says Berkshire CEO Warren Buffett may be eyeing … …read more […]
Business News
Perrigo plans to separate prescription pharma business
Perrigo Co Plc said on Thursday it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a strategic review, sending the drugmaker’s shares down about 8 percent.
Business News
Tech stocks drive Nasdaq higher; Dow, S&P flat
The Dow and the S&P 500 were little changed, while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple, Amazon and Microsoft.
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Plug Power: 2Q Earnings Snapshot
On a per-share basis, the Latham, New York-based company said it had a loss of 12 cents. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment … …read more […]
Business News
Tribune Media files suit, terminates Sinclair merger deal
Tribune Media Co said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group and was suing Sinclair for breach of contract, after regulators objected to the acquisition that was supported by U.S. President Donald Trump.
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Energy Transfer Equity LP's Expansion Efforts Paid Big Dividends in Q2
The energy holding company benefitted from expansion projects at its largest MLP. …read more […]
Business News
J.C. Penney eyes Babies ‘R’ Us customers with addition of more baby products
J.C. Penney Co Inc will stock more baby products at outlets in the vicinity of stores shut by Babies ‘R’ Us’, taking advantage of the recent collapse of parent Toys ‘R’ Us.
Business News
Wall St. opens flat as tech boost offset by big banks
U.S. stocks opened flat on Thursday as gains in the high-growth technology sector were offset by a drag in shares of big U.S. lenders.
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Roku's plan to take on Amazon and Netflix seems to be working — and the stock just hit a record high (NFLX, AMZN, ROKU)
Shares of Roku opened up more than 14% Thursday morning, hitting an all-time high of $54.37, after the company reported second-quarter earnings on Wednesday that blew Wall Street’s expectations out of the water. Wall Street was looking for a loss of 14.6 cents a share. Wall Street’s prior estimate was an adjusted net loss of 11.6 million for the period. …read more […]
Business News
Global trade losing momentum in third quarter, WTO indicator shows
Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite.